IHT DECLARES 55TH CONSECUTIVE ANNUAL DIVIDEND AS RECORD REVENUES SURGE

Rhea-AI Summary

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.

Positive

• 55-year uninterrupted dividend payment history demonstrates financial stability
• Strong December revenue of $505,422 from hotel operations
• Projected record revenues exceeding $7.5 million for FY2025
• Expected record hotel gross operating profit for FY2025

Negative

• Low dividend amount of $0.01 per share indicates minimal direct shareholder returns
• Additional funding needed for UniGen clean energy investment suggests potential capital requirements

Phoenix, AZ, Jan. 10, 2025 (GLOBE NEWSWIRE) -- InnSuites Hospitality Trust (NYSE American: IHT) On January 8, 2024, the Board of Trustees of InnSuites Hospitality Trust (NYSE Am: IHT), announced a semi-annual dividend of $0.01 per share payable on February 5, 2025, to shareholders of record as of January 24, 2025, extending an uninterrupted continuous 55-year history of annual dividends. InnSuites Hotel operations continue to remain strong, with a combined revenue total in December for the two hotels of $505,422.

We are also pleased to report record revenues for the two hotels combined, and project record hotel gross operating profit for our IHT hotels for the 2025 Fiscal Year ending January 31, 2025. In the 2025 Fiscal Year (February 1, 2024, through January 31, 2025), total Revenues are anticipated to exceed $7.5 million. The UniGen diversified efficient clean energy investment continues progress, while seeking additional funding. IHT is also pursuing other potential diversification investment opportunities, as well.

For more information, visit www.innsuitestrust.com and www.innsuites.com.

Forward-Looking Statements

With the exception of historical information, matters discussed in this news release may include “forward-looking statements” within the meaning of the federal securities laws. IHT expressly disclaims any obligation to update any forward-looking statement contained in this news release to reflect events or circumstances that may arise after the date hereof, all of which are expressly qualified by the foregoing, other than as required by applicable law.

FOR FURTHER INFORMATION:
Marc Berg, Executive Vice President
602-944-1500
email: mberg@innsuites.com

INNSUITES HOSPITALITY CENTRE
1730 E. NORTHERN AVENUE, #122
Phoenix, Arizona 85020
Phone: 602-944-1500

FAQ

When will IHT pay its latest dividend and what is the amount?

IHT will pay a dividend of $0.01 per share on February 5, 2025, to shareholders of record as of January 24, 2025.

What was IHT's hotel revenue for December 2024?

IHT reported combined revenue of $505,422 for its two hotels in December 2024.

What is IHT's projected revenue for Fiscal Year 2025?

IHT projects total revenues to exceed $7.5 million for Fiscal Year 2025, ending January 31, 2025.

How many consecutive years has IHT paid dividends?

IHT has maintained an uninterrupted 55-year history of annual dividend payments.

What diversification investments is IHT currently pursuing?

IHT is pursuing the UniGen efficient clean energy investment while seeking additional funding, and exploring other potential diversification opportunities.