Quarterly ResultMay 19, 2026, 08:32 AM
InnSuites Hospitality Trust Reports FY26 Results; Plans Hotel Sales
AI Summary
InnSuites Hospitality Trust reported a slight revenue decrease to $7.57 million for Fiscal Year 2026, but significantly improved its operating loss by 25% to $(560,159) and Adjusted EBITDA by 47.7% to $(128,000). The company plans to sell its two hotel properties within 36 months and is actively pursuing diversification, including a potential reverse merger and investment in UniGen Power, Inc., an efficient clean energy company. Occupancy rates increased to 76.98%, though Average Daily Rate and Revenue Per Available Room saw slight declines.
Key Highlights
- Total Revenues for Fiscal Year 2026 decreased by less than 1% to $7.57 million from $7.59 million in Fiscal Year 2025.
- Operating Loss improved by 25% to $(560,159) in Fiscal Year 2026 from $(742,742) in Fiscal Year 2025.
- Adjusted EBITDA improved by 47.7% to $(128,000) in Fiscal Year 2026 from $(245,000) in Fiscal Year 2025.
- Consolidated Net Loss remained stable at approximately $(1.39) million for both Fiscal Year 2026 and Fiscal Year 2025.
- Overall hotel occupancy increased by 3.22% to 76.98% in Fiscal Year 2026.
- Average Daily Rate (ADR) decreased by 4.13% to $95.57, and Revenue Per Available Room (REVPAR) decreased by 1.03% to $73.57.
- The Trust anticipates selling one or both of its hotels within the next 36 months.
- The company is seeking further diversification, including a potential reverse merger and investment in UniGen Power, Inc.
Price Impact
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