Welcome to our dedicated page for Innsuites Hospitality Trust news (Ticker: IHT), a resource for investors and traders seeking the latest updates and insights on Innsuites Hospitality Trust stock.
Innsuites Hospitality Trust (IHT) provides investors and hospitality professionals with essential updates through this centralized news resource. Track official announcements across all operational segments including hotel management, trademark licensing agreements, and REIT portfolio developments.
This page aggregates critical updates including quarterly earnings reports, property acquisitions, brand partnership expansions, and executive leadership changes. Discover strategic initiatives tied to IHT's Best Western affiliates and IBC Hotels boutique collection through verified press releases.
Key content categories include operational performance metrics, management service updates, licensing agreements, and industry event participation. Bookmark this page for streamlined access to decision-critical information about one of hospitality's unique vertically integrated REITs.
InnSuites Hospitality Trust (NYSE: IHT) announced a semi-annual dividend of $0.01 per share on January 5, 2023, continuing its 53-year history of uninterrupted annual dividends. The payout is scheduled for February 3, 2023, for shareholders on record by January 20, 2023. The company's hotel operations remain profitable, and its investment in efficient clean energy is making progress.
InnSuites Hospitality Trust (IHT) is set to release its quarterly and monthly results soon, indicating positive performance. Trust President James Wirth has acquired 5,000 shares, enhancing his ownership. Additionally, Rare Earth Financial has purchased 43,478 shares at $1.61, bolstering IHT's equity above $4 million. Wirth's entity invested $70,000 in IHT stock, reflecting strong financial support. For over 50 years, IHT has maintained annual dividends, with the next payment scheduled around February 3, 2023.
InnSuites Hospitality Trust (IHT) reported a robust performance in the first three quarters of fiscal 2023, achieving revenues of approximately $5.5 million, a 16% increase from the previous year. Total consolidated net income surged 87% to about $730,000. Earnings per share improved to $0.04 from a loss of $0.05. Additionally, total trust equity rose 36% to approximately $4 million. While hotel operations showed strength, challenges from rising interest rates and recession fears loom. The company maintains a 52-year history of annual dividends and anticipates the next payment on January 31, 2023.
InnSuites Hospitality Trust (NYSE American: IHT) reported robust financial results for the First Half of Fiscal 2023, with revenues reaching $3.8 million, a 25% increase year-over-year. Net income surged 271% to approximately $283,605, translating to earnings per share of $0.03. Trust equity rose 28% to $4.06 million, while total revenues for the last twelve months hit $7.2 million, up 46%. Despite challenges from rising interest rates and operational headwinds, management remains optimistic about future growth, particularly from its investment in UniGen Power Inc.
InnSuites Hospitality Trust (IHT) reported significant growth in its 2023 First Fiscal Quarter, with revenues reaching $2.136 million, a 53% increase year-over-year. Net income jumped 139% to $376,187, driving earnings per share up to $0.05. Total trust equity increased by 56% to $4.31 million. The hotel operations in Tucson and Albuquerque achieved record revenues for May and June 2022. IHT also announced a semi-annual dividend of $0.01 per share, maintaining a 52-year history of dividend payments.
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