InnSuites Hospitality

IHT DECLARES 53RD CONSECUTIVE ANNUAL DIVIDEND; ANNUAL PROXY FILED

Retrieved on: 
Wednesday, July 12, 2023

InnSuites hotel operations continue strong, while the investment in UniGen’s diversified efficient clean energy innovation continues to progress.

Key Points: 
  • InnSuites hotel operations continue strong, while the investment in UniGen’s diversified efficient clean energy innovation continues to progress.
  • IHT filed its Fiscal 2023 Annual Report and Proxy on July 9th.
  • IHT holds stock, convertible bonds, and warrants that, when fully converted/exercised, could result in IHT holding an approximate 25% ownership stake in UniGen.
  • In management’s opinion IHT stock continues to be undervalued, with IHT extending its stock buyback program.”

IHT INCOME DOUBLES

Retrieved on: 
Tuesday, May 2, 2023

Earnings Per Share based on this Net Income Attributable to Controlling Interest amount was $0.06, also more than doubling, up $0.03 from the prior year of $0.03.

Key Points: 
  • Earnings Per Share based on this Net Income Attributable to Controlling Interest amount was $0.06, also more than doubling, up $0.03 from the prior year of $0.03.
  • Consolidated Net Income before non-cash depreciation expense was $1,439,437 for the Fiscal Year ended January 31, 2023.
  • These are all positive signs for InnSuites, as progress continues heading in the right direction as the Travel Industry, and InnSuites Hospitality Trust (IHT) specifically, continue to rebound and thrive.
  • IHT holds convertible bonds and warrants that, when fully exercised, could result in IHT holding an approximate 25% ownership stake in UniGen.

IHT EQUITY INCREASES BY KEY INDIVIDUALS

Retrieved on: 
Friday, December 30, 2022

As part of maintaining NYSE American Equity requirements, key IHT Personnel continue to increase their IHT Beneficial Ownership Interest.

Key Points: 
  • 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.
  • James Wirth, President, and Chairman of IHT, holds an 80% Interest in Family Investment Company Rare Earth Financial, LLC (REF).
  • REF has invested $70,000 in newly issued IHT common stock equity, on December 29, 2022, based on the closing market price of IHT Stock at $1.61, on the date of issue, as disclosed in the Purchase Agreement.

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

Retrieved on: 
Friday, July 1, 2022

Earnings Per Share based on this First Fiscal Quarter Consolidated Net Income were $0.05 per share, up $0.03 from prior year income of $0.02, an all-time First Fiscal Quarter record.

Key Points: 
  • Earnings Per Share based on this First Fiscal Quarter Consolidated Net Income were $0.05 per share, up $0.03 from prior year income of $0.02, an all-time First Fiscal Quarter record.
  • Total Trust Equity increased to $4,312,186 at the end of Fiscal First Quarter 2023, up 56%, or $1,551,898 million, from the $2,760,288 reported at the end of the prior Year Fiscal First Quarter.
  • Net Income before non-cash depreciation expense was $359,806 for the Fiscal First Quarter ended April 30, 2022, up 358%, or $281,269, compared to prior Year Fiscal First Quarter ended April 30, 2022.
  • With 2023 Fiscal First quarter revenues and profits continuing to rebound, along with the recently completed profitable Fiscal Year 2022, strong upward trends continue.

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

Retrieved on: 
Wednesday, June 29, 2022

InnSuites hotel operations continue to rebound strongly, while the investment in UniGens diversified efficient clean energy innovation continues to progress.

Key Points: 
  • InnSuites hotel operations continue to rebound strongly, while the investment in UniGens diversified efficient clean energy innovation continues to progress.
  • IHT failed to timely file its Quarterly Report on Form 10-Q for the Fiscal First Quarter ended April 30, 2022.
  • This filing delay subjects IHT to the procedures and requirements of Section 1007 of the NYSE American Company Guide.
  • IHT has contacted the Exchange, and is working diligently to file the delinquent report as soon as possible.

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

Retrieved on: 
Monday, June 6, 2022

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.

Key Points: 
  • 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.
  • It has prompted Key Personnel to increase their IHT Beneficial Ownership Interest.

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

Retrieved on: 
Friday, May 27, 2022

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.

Key Points: 
  • 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.
  • Total Trust Equity increased to $4,132,041 at the end of Fiscal Year 2022, up more than $1.6 million, from the $2,509,572 reported at the end of the prior Fiscal Year 2021.
  • InnSuites Hospitality Trust (IHT), in late 2019, made a diversification investment in privately held UniGen Power, Inc. (UniGen), a company developing a patented, high profit potential, efficient clean energy generation innovation.
  • IHT holds convertible bonds and warrants that, when fully exercised, could result in IHT holding an approximate 25% ownership stake in UniGen.

IHT HOTEL PROFIT REBOUNDS; CLEAN ENERGY PROTOTYPE ANTICIPATED SOON

Retrieved on: 
Tuesday, December 28, 2021

IHT continued to experience a steady increase in Hotel Operation earnings for both the third Fiscal Quarter and first three quarters of Fiscal 2022 (February 1, 2021, to January 31, 2022).

Key Points: 
  • IHT continued to experience a steady increase in Hotel Operation earnings for both the third Fiscal Quarter and first three quarters of Fiscal 2022 (February 1, 2021, to January 31, 2022).
  • In addition, the IHT efficient clean energy innovation diversification investment targets its first prototype under development since January 2020, to be in operation during the first Fiscal Quarter of Fiscal 2023 (February 1, 2022 to January 31, 2023).
  • InnSuites Hospitality Trust (IHT) has made a diversification investment in privately held UniGen Power, Inc. (UniGen), a company developing a patented, high profit potential, efficient clean energy generation innovation.
  • IHT Management has long believed, as indicated in past IHT SEC Filings, that the investor community continues to value IHT well below its true underlying value (both real estate equity/hotel operations, and clean energy opportunity potential).

IHT RECEIVES NOTICE FROM NYSE AMERICAN 

Retrieved on: 
Friday, July 10, 2020

Phoenix, AZ, July 10, 2020 (GLOBE NEWSWIRE) -- InnSuites Hospitality Trust (NYSE American: IHT), which owns and operates hotels, and provides management services for hotels, received notice from NYSE Regulation on July 1, 2020 that the Trust is not in compliance with continued listing standards of NYSE American Exchange because IHT has not yet filed its Annual Report on Form 10-K for the year ended January 31, 2020.

Key Points: 
  • Phoenix, AZ, July 10, 2020 (GLOBE NEWSWIRE) -- InnSuites Hospitality Trust (NYSE American: IHT), which owns and operates hotels, and provides management services for hotels, received notice from NYSE Regulation on July 1, 2020 that the Trust is not in compliance with continued listing standards of NYSE American Exchange because IHT has not yet filed its Annual Report on Form 10-K for the year ended January 31, 2020.
  • NYSE Rules require that listed companies timely file all periodic reports.
  • The notice from NYSE Regulation has no immediate effect on the listing or trading of the Trusts shares.
  • Such uncertainties, and others affecting IHT are described in greater detail in our filings with the Securities and Exchange Commission.

InnSuites Hospitality Trust (IHT) Declares 50th Consecutive Annual Dividend

Retrieved on: 
Monday, July 6, 2020

Phoenix, AZ, July 06, 2020 (GLOBE NEWSWIRE) -- InnSuites Hospitality Trust (NYSE American: IHT)

Key Points: 
  • Phoenix, AZ, July 06, 2020 (GLOBE NEWSWIRE) -- InnSuites Hospitality Trust (NYSE American: IHT)
    On July 6, 2020, the Board of Trustees of IHT announced a dividend of $0.01 per share payable on July 31, 2020 to shareholders of record as of July 16, 2020, continuing an uninterrupted 50-year history of annual dividends.
  • With the exception of historical information, the matters discussed in this news release may include forward-looking statements within the meaning of the federal securities laws.
  • All statements regarding the Trusts review and exploration of potential strategic, operational and structural alternatives and expected associated costs and benefits are forward-looking.
  • Actual developments and business decisions may differ materially from those expressed or implied by such forward-looking statements.