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InnSuites Hospitality Trust (NYSE American: IHT) has announced its 55th consecutive semi-annual dividend of $0.01 per share, payable on February 5, 2025, to shareholders of record as of January 24, 2025. The company reported strong hotel operations with combined December revenue of $505,422 for its two hotels.
IHT projects record hotel revenues exceeding $7.5 million for the 2025 Fiscal Year ending January 31, 2025, along with anticipated record gross operating profit. The company continues to progress with its UniGen clean energy investment while seeking additional funding and exploring other diversification opportunities.
InnSuites Hospitality Trust (IHT) reported record-breaking performance for the first three fiscal quarters of 2025 (Feb 1 - Oct 31, 2024). Total revenue reached approximately $6 million, with combined revenue hitting $6,531,170 for the first ten fiscal months. The company saw improvements in key metrics:
- Average Daily Rate (ADR) increased by $4.43 (4.37%)
- Revenue Per Available Room (REVPAR) grew by $2.33 (3.16%)
- Trailing 12-month revenue rose by $334,849 to $7.7 million (5% increase)
IHT maintains a diversification investment in UniGen Power Inc. (UPI), which could result in a 15-20% ownership stake. The company has maintained uninterrupted dividend payments for 54 years, with recent distributions on February 5 and July 31, 2024.
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.
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