InnSuites Hospitality Trust Announces Continued Dividend Payments
InnSuites Hospitality Trust (NYSE American: IHT) recently made headlines with its announcement of a semi-annual dividend of $0.01 per share. This exciting news, revealed by the Board of Trustees, continues a remarkable legacy of uninterrupted annual dividends spanning over 55 years. Shareholders can expect this dividend payout on August 7, 2025, following the record of shareholders as of July 25, 2025.
Strong Performance in Hotel Operations
The hospitality operations of IHT are thriving at the start of the current fiscal year. Both the Tucson and Albuquerque hotels have outperformed expectations, setting revenue records for the first half of the fiscal year, which runs from February 1, 2025, to January 31, 2026. This remarkable performance showcases the company’s ability to generate significant revenue even in competitive markets.
Introducing Strategic Investments in Clean Energy
In late 2019, IHT took an innovative step by investing in UniGen Power, Inc., a company focused on pioneering efficient clean energy solutions. The investment holds substantial promise, as UniGen is developing energy generation technology that utilizes not only clean natural gas but also alternative fuels such as ethanol and hydrogen. This diversification aligns with IHT's commitment to sustainability and growth in the energy sector.
Progress on UniGen's Development
Currently, the prototype design engineering of UniGen's UPI 1000TA engine is approximately 61% complete. Efforts are underway to secure additional financing, which is crucial for moving forward. This venture signifies IHT’s strategic approach to broadening its investment portfolio while aiming for future profitability.
Positive Outlook for Future Fiscal Growth
IHT's hospitality revenues have reached unprecedented levels over the first five months of fiscal 2026, and the company has recorded profitability in three of the last four fiscal years. The ongoing progress in its clean energy investments with UniGen, combined with the company’s solid real estate portfolio—valued below current market rates—paints a promising picture for future growth and success.
Annual Shareholder Meeting Details
The Annual Meeting of Shareholders is scheduled for August 14, at IHT’s corporate offices in Phoenix. This meeting marks an essential opportunity for shareholders to engage with leadership and discuss the direction of the company. Those who are current shareholders as of July 3, 2025, will be entitled to vote during this significant gathering.
Contact Information
For further inquiries or information about InnSuites Hospitality Trust, Marc Berg, Executive Vice President, is available for contact. Individuals can reach him at 602-944-1500 or via email.
Frequently Asked Questions
What is the current dividend announced by InnSuites Hospitality Trust?
InnSuites Hospitality Trust has announced a semi-annual dividend of $0.01 per share.
When is the Annual Meeting of Shareholders scheduled?
The Annual Meeting is set for August 14, 2025, at IHT’s corporate offices.
What can shareholders expect from IHT's financial performance?
Shareholders can look forward to positive revenue growth, with strong performance in hotel operations and ongoing profitability trends.
What investment strategy is IHT pursuing?
IHT has diversified investments, particularly in clean energy through UniGen Power, Inc., focusing on innovative and sustainable solutions.
How can I contact InnSuites Hospitality Trust for more information?
For inquiries, contact Marc Berg at 602-944-1500 or through email.
