InnSuites Hospitality Trust - IHT STOCK NEWS

InnSuites Hospitality Trust (NYSE American: IHT) reported record hotel revenues for the First Half of Fiscal 2025 (Feb 1 - Jul 31, 2024), with Total Revenue reaching approximately $4.1 million. The company achieved a Consolidated Net Income of $14,693 before non-cash depreciation expense. Key performance indicators showed positive trends:

- Combined Average Daily Rate (ADR) increased by 4.03%
- Revenue Per Available Room (REVPAR) rose by 3.16%
- Trailing 12-month revenue grew by 6%

IHT also holds a diversification investment in UniGen Power Inc. (UPI), which is developing a patented clean energy generation innovation. The company has maintained its 54-year streak of uninterrupted annual dividends, with semi-annual payments made in February and July 2024.

InnSuites Hospitality Trust (NYSE American: IHT) declared its 54th consecutive annual dividend, with a semi-annual dividend of $0.01 per share payable on July 31, 2024, to shareholders of record on July 19, 2024. IHT's hotel operations are strong, achieving record results in Tucson and Albuquerque for Fiscal Year 2024, which started on February 1, 2023.

Additionally, IHT's investment in UniGen's clean energy innovation is progressing, with prototype design engineering substantially complete. IHT holds up to a 20% potential ownership in UniGen. Fiscal 2024 Proxy and Annual Reports were filed on July 3 and July 9, 2024, respectively. The Fiscal 2024 Annual Meeting of Shareholders will be held on August 14, 2024.

Management believes IHT stock is undervalued, given record hospitality revenues, ten consecutive profitable quarters, and significant progress in their clean energy investments.

InnSuites Hospitality Trust (NYSE American: IHT) reported record hotel revenue for Q1 FY2025, achieving $2.3 million, a 4% increase from $2.2 million in Q1 FY2024. Net income was $86,598, and the net income before non-cash depreciation was $259,640. Both Tucson and Albuquerque hotels showed strong performance, with May 2024 revenue at $644,741, totaling $2,938,711 for the first four months of FY2025. IHT's 2019 investment in UniGen Power, a clean energy developer, offers potential high returns amid rising electricity demand. The company highlights three consecutive profitable fiscal years and continued annual dividend payments for 54 years. The Annual Shareholder Meeting is scheduled for August 14, 2025.

InnSuites Hospitality Trust (NYSE American: IHT) announces the filing of an S-3, allowing the potential issuance of up to 1,000,000 shares of Common Stock. The net proceeds will be used for general corporate purposes, including debt repayment and equity repurchase. The S-3 may lead to diversification through UniGen Power, Inc., clean energy, and hospitality technology. The current stock price is $1.54 per share, with plans for a dividend declaration and strong hotel operations. The First Fiscal Quarter of 2025 shows record revenue for Tucson and Albuquerque hotels, exceeding $2 million.

InnSuites Hospitality Trust (IHT) reported strong annual results in FY 2024, with Total Revenues increasing to $7.5 million, Net Income of $203,880, and Consolidated Net Income of $956,333. The hotel operations showed record results, with combined revenue surpassing $1.5 million for the first two months of FY 2025. IHT made a diversification investment in UniGen Power, Inc., aiming for a 20% ownership stake. The company continues its stock buyback program and extended its annual dividends streak to 54 years.

InnSuites Hospitality Trust (IHT) announces a semi-annual dividend of $0.01 per share, extending a 54-year history of annual dividends. The hotel operations revenue continues to grow, with the highest combined hotel revenue total ever in December at $524,219. The UniGen diversified efficient clean energy investment continues to progress, while seeking additional funding.

InnSuites Hospitality Trust (NYSE American: IHT) reported a 7% increase in Total Revenues to $1,824,499 for the Third Quarter of Fiscal 2024. The First Three Quarters of Fiscal 2024 saw Total Revenues up over 4% at $5,751,583. Net Income Attributable to Controlling Interests for the Fiscal First Three Quarters was $296,885, representing the eighth consecutive Profitable Quarter. IHT made a diversification investment in UniGen Power, Inc., holding up to an approximate 25% ownership stake in UniGen. The company extended its uninterrupted annual dividends to 53 years, with semi-annual dividends paid in February 2023 and July 2023.

InnSuites Hospitality Trust reports improved results in the First Fiscal Half of 2024 with Total Revenues up $91,882 and Total Consolidated First Fiscal Half Net Income at $531,825. Earnings Per Share remains flat at $0.03. InnSuites holds a 25% ownership stake in UniGen, a clean electricity energy generation company. UniGen's prototype design engineering is complete, and progress is being made on financing. IHT management believes the future looks bright and stock is undervalued. Fiscal Year 2024 marks 53 years of uninterrupted annual dividends.

InnSuites Hospitality Trust (IHT) has announced a semi-annual dividend of $0.01 per share, continuing its 53-year history of annual dividends. The hotel operations of IHT are performing well, with the Tucson Hotel and Albuquerque Hotel achieving record results for the current fiscal year. IHT has also made a diversification investment in UniGen Power, Inc., a clean energy innovation company. Prototype design engineering for the UPI 1000TA engine by UniGen is now complete.