InnSuites Hospitality Trust

InnSuites Hospitality Trust engages in the ownership and operation of hotel properties. It also offers management services, which focus on trademark and licensing. The company was founded by James F. Wirth on June 21, 1971 and is headquartered in Phoenix, AZ.

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Phoenix, AZ, Sept. 14, 2023 (GLOBE NEWSWIRE) -- InnSuites Hospitality Trust (NYSE American : IHT) reported a continuation of improved results in the First Fiscal Half of 2024, (February 1, 2023, to July 31, 2023), with Total Revenues up $91,882, at $3,927,084. Total Consolidated First Fiscal Half Net Income was $531,825.

IHT FIRST FISCAL HALF REVENUES INCREASE

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The REIT sector followed a strong June with further gains in July, averaging a solid +4.37% total return in July. Small-cap REITs (+5.23%) continued to outperform in July. Large caps (+2.46%) underperformed their smaller REIT peers for the 3rd straight month in July. 73.72% of REIT securities had a positive total return in July with 60.63% in the black year to date.

The State Of REITs: August 2023 Edition

Phoenix, AZ, July 12, 2023 (GLOBE NEWSWIRE) -- InnSuites Hospitality Trust (NYSE American: IHT) On July 10, 2023, the Board of Trustees of IHT announced a semi-annual dividend of $0.01 per share, payable on July 31, 2023 to shareholders of record as of July 20, 2023. This announcement continues an uninterrupted 53-year history of annual dividends. InnSuites hotel operations continue strong, while the investment in UniGen's diversified efficient clean energy innovation continues to progress.

IHT DECLARES 53RD CONSECUTIVE ANNUAL DIVIDEND; ANNUAL PROXY FILED

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The State Of REITs: June 2023 Edition

Phoenix, AZ, June 14, 2023 (GLOBE NEWSWIRE) -- InnSuites Hospitality Trust (NYSE American : IHT) reported a continuation of strong improvement of results in the First Fiscal Quarter of 2024, (February 1, 2023, to April 30, 2023), with Net Income Attributable to Controlling Interests increasing by approximately 25%, to $236,608 as compared to $188,115.

IHT Q1 PROFIT UP 25%

Phoenix, AZ, May 02, 2023 (GLOBE NEWSWIRE) -- InnSuites Hospitality Trust (NYSE American : IHT) reported a strong annual improvement of results in Fiscal Year 2023, (February 1, 2022, to January 31, 2023), with Net Income Attributable to Controlling Interests doubling, increasing by 106%, to $523,171 as compared to $254,144.

IHT INCOME DOUBLES

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The REIT sector sharply rebounded from a tough 2022 with an +11.77% total return in January 2023. Micro cap REITs (+16.16%) saw disproportionately strong gains in January, followed by double-digit returns for small caps (+11.79%), mid caps (+11.50%) and large caps (+10.07%).

The State Of REITs: February 2023 Edition

Phoenix, AZ, Jan. 05, 2023 (GLOBE NEWSWIRE) -- On January 5, 2023, the Board of Trustees of InnSuites Hospitality Trust (NYSE Am: IHT), announced a semi-annual dividend of $0.01 per share payable on February 3, 2023, to shareholders of record as of January 20, 2023, extending an uninterrupted continuous 53-year history of annual dividends. InnSuites Hotel operations continue to remain profitable, while the UniGen diversified efficient clean energy investment continues to progress.

IHT DECLARES 53RD CONSECUTIVE ANNUAL DIVIDEND AS PROFITS CONTINUE TO REMAIN POSITIVE

Phoenix, AZ, Dec. 30, 2022 (GLOBE NEWSWIRE) -- InnSuites Hospitality Trust (NYSE American : IHT) Quarterly and Monthly results, to be released in the coming weeks, continue to bode well for InnSuites. As part of maintaining NYSE American Equity requirements, key IHT Personnel continue to increase their IHT Beneficial Ownership Interest. The Trust President/Chairman/CEO James Wirth has recently purchased an additional 5,000 shares of stock within the Open Trading Window for the Trust.

IHT EQUITY INCREASES BY KEY INDIVIDUALS

Phoenix, AZ, Dec. 14, 2022 (GLOBE NEWSWIRE) -- InnSuites Hospitality Trust (NYSE American: IHT) sustained its strong rebound in the First Three Quarters of Fiscal 2023 (February 1, 2022, October 31, 2022), with revenues of approximately $5.5 million, up 16% from the prior Fiscal Year First Three Quarters.

IHT FISCAL FIRST THREE QUARTERS PROFIT UP 87%; UNIGEN DESIGN COMPLETE

Phoenix, AZ, Sept. 20, 2022 (GLOBE NEWSWIRE) -- InnSuites Hospitality Trust (NYSE American : IHT) maintained its strong rebound in the First Half of Fiscal 2023 (February 1, 2022, to July 31, 2022), with revenues of approximately $3.8 million, up 25% from the prior Fiscal Year First Half.

IHT FISCAL FIRST HALF PROFIT UP 271%; REVENUE UP 25%; EQUITY UP 28%

Phoenix, AZ, July 01, 2022 (GLOBE NEWSWIRE) -- InnSuites Hospitality Trust (NYSE American : IHT) continued its strong rebound with 2023 First Fiscal Quarter (February 1, 2022, to April 30, 2022), revenues of approximately $2.136 million, up 53% from the prior Fiscal Year First Quarter.

IHT FISCAL FIRST QUARTER REVENUE, PROFIT, AND EQUITY MAINTAIN UPWARD MOMENTUM

Phoenix, AZ, June 29, 2022 (GLOBE NEWSWIRE) -- InnSuites Hospitality Trust (NYSE American : IHT) On June 29, 2022, the Board of Trustees of IHT announced a semi-annual dividend of $0.01 per share, payable on July 29, 2022 to shareholders of record as of July 15, 2022. This announcement continues an uninterrupted 52-year history of annual dividends. InnSuites hotel operations continue to rebound strongly, while the investment in UniGen's diversified efficient clean energy innovation continues to progress.

IHT DECLARES 52ND CONSECUTIVE ANNUAL DIVIDEND; FISCAL Q1 DELAYED, FILING SOON, WITH ANNUAL PROXY TO FOLLOW

Phoenix, AZ, June 06, 2022 (GLOBE NEWSWIRE) -- InnSuites Hospitality Trust (NYSE American : IHT) Fiscal Q1 results will be reported soon, confirming a continuation of IHT strong quarterly resurgence, with Revenues achieving an all-time record high for the Quarter. Combined Revenue for Hotel Operations have tentatively exceeded $2.1 million for the Fiscal First Quarter (February 1, 2022, through April 30, 2022), with final totals to be announced in the coming weeks. This represents a 50% increase from the Prior Fiscal First Quarter (February 1, 2021, through April 30, 2021), of $1.4 million. Furthermore, the month of May has also started the Second Fiscal Quarter (May 1, 2022, through July 31, 2022), with equally record-breaking tentative results, surpassing the maximum combined hotel revenue ever achieved by InnSuites, with a new May standard of approximately $600,966, which is an increase of 159% compared to May of 2021, which recorded combined revenues of approximately $232,499.

IHT FISCAL FIRST QUARTER RECORD REVENUE; INCREASES IN IHT OWNERSHIP BY KEY INDIVIDUALS

Phoenix, AZ, May 27, 2022 (GLOBE NEWSWIRE) -- InnSuites Hospitality Trust (NYSE American : IHT) reported a strong annual rebound with revenues ballooning by a 53% increase to $6.410 million for the most recent Fiscal Year 2022 (February 1, 2021, to January 31, 2022), which is up from the $4.203 million reported in the prior Fiscal Year. Total Consolidated Fiscal Year Net Income increased to a profit of $1,539,735, an improvement of approximately $4.4 million from the prior Fiscal Year loss of $2,827,840. Earnings Per Share based on this Consolidated Net Income amount were $0.03, up $0.34 from prior year loss of ($0.31), and also far exceeding their pre-Covid counterpart of Fiscal Year 2020.

IHT FISCAL YEAR REVENUE, PROFIT, AND EQUITY SHARPLY REBOUND; CLEAN ENERGY INNOVATION NEAR

Phoenix, AZ, May 26, 2022 (GLOBE NEWSWIRE) -- InnSuites Hospitality Trust (NYSE American : IHT) will be reporting shortly Results for Fiscal Year 2022 (February 1, 2021, to January 31, 2022), as well as solid revenues for Q1 of 2023 (February 1, 2022, to April 30, 2022).

IHT TO ANNOUNCE POSITIVE FISCAL YEAR OPERATING RESULTS SHORTLY, WITH 10-K FILING DELAYED

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The State Of REITs: March 2022 Edition

Phoenix, AZ, Feb. 03, 2022 (GLOBE NEWSWIRE) -- InnSuites Hospitality Trust (NYSE American : IHT) hotel operations continue to perform substantially better Fiscal Year to Date for the first eleven months of Fiscal Year 2022, and is closing the year strong. Consolidated Net Income for the first three Fiscal Quarters was approximately $390,000, which is an increase in excess of $2.7 million compared to the first three quarters of Fiscal Year 2021. Earnings Per Share for the first three Fiscal Quarters based on this Consolidated Net Income amount were $0.04, up from prior year loss of ($0.26). Additionally, The First Three Quarters of Fiscal 2022 (February 1, 2021-October 31, 2021), profits far exceed their pre-Covid counterparts of Fiscal Year 2020 and Fiscal Year 2019 by over $1.3 million each year.

IHT HOTEL PROFIT GROWS; CLEAN ENERGY PROTOTYPE APPROACHES; NYSE PLAN APPROVED

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The State Of REITs: January 2022 Edition

Phoenix, AZ, Jan. 04, 2022 (GLOBE NEWSWIRE) -- InnSuites Hospitality Trust (NYSE American: IHT) On January 4, 2022, the Board of Trustees of IHT announced a semi-annual dividend of $0.01 per share payable on January 31, 2022 to shareholders of record as of January 18, 2022, continuing an uninterrupted 52-year history of annual dividends. InnSuites Hotel operations continue to recover while the UniGen diversified efficient clean energy investment continues to progress.

InnSuites Hospitality Trust (IHT) Declares 52nd Consecutive Annual Dividend

Phoenix, AZ, Dec. 28, 2021 (GLOBE NEWSWIRE) -- InnSuites Hospitality Trust (NYSE American : IHT) hotel operations continue to perform substantially better Year to Date for the three quarters of Fiscal Year 2022, with Consolidated Net Income of approximately $390,000, which is an increase in excess of $2.7 million compared to the first three quarters of Fiscal Year 2021. Earnings Per Share based on this Consolidated Net Income amount were $0.04, up from prior year loss of ($0.26). Additionally, The First Three Quarters of Fiscal 2022 (February 1, 2021-October 31, 2021), profits far exceed their pre-Covid counterparts of Fiscal Year 2020 and Fiscal Year 2019 by over $1.3 million each year.

IHT HOTEL PROFIT REBOUNDS; CLEAN ENERGY PROTOTYPE ANTICIPATED SOON

Phoenix, AZ, Nov. 19, 2021 (GLOBE NEWSWIRE) -- InnSuites Hospitality Trust (NYSE American : IHT) received a letter from NYSE American on November 15, 2021, informing the Trust that the staff of the NYSE American Corporate Regulation Department had determined that the Trust was not in compliance with Part 10 of Section 1003(a)(ii) and (iii) of the NYSE American Company Guide due to the Trust having stockholders' equity of less than $4.0 million, and $6.0 million, respectively, and losses from continuing operations and/or net losses in its five most recent fiscal years ended January 31, 2021. The Trust is also not eligible for any exemption in Section 1003(a) of the Company Guide from the stockholder's equity requirements. The Trust experienced losses related to the Covid-19 pandemic over eighteen months as well as recognizing non-cash hotel depreciation expense.

IHT RECEIVES NOTICE FROM NYSE AMERICAN; IHT OPERATIONS CONTINUE TO SURGE WITH CLEAN ENERGY PROTOTYPE APPROACHING

Phoenix, AZ, Oct. 20, 2021 (GLOBE NEWSWIRE) -- InnSuites Hospitality Trust (NYSE A merican : IHT) experienced a sharp increase in Hotel Operation earnings for both the second Fiscal Quarter and first half of Fiscal 2022 (February 1, 2021, to January 31, 2022). In addition, the IHT efficient clean energy innovation diversification investment targets its first prototypes under development since January 2020, to be in operation within the next six months.

IHT HOTEL PROFIT JUMPS; CLEAN ENERGY PROTOTYPE SOON

Phoenix, AZ, June 29, 2021 (GLOBE NEWSWIRE) -- On June 23 2021, the Board of Trustees of InnSuites Hospitality Trust (NYSE Am: IHT), announced a semi-annual dividend of $0.01 per share payable on July 30, 2021 to shareholders of record as of July 15, 2021, continuing an uninterrupted 51-year history of annual dividends. InnSuites Hotel operations continue to recover while the UniGen diversified efficient clean energy investment continues to progress.

IHT Declares 51st Consecutive Annual Dividend As Industry Recovers

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