Quarterly ResultJun 18, 2026, 10:00 PM
InnSuites Q1 Net Income $74,702; Record Hotel Revenue $2.2M
AI Summary
InnSuites Hospitality Trust reported a profitable Fiscal First Quarter 2027 with consolidated net income of $74,702, a $35,672 improvement year-over-year. The company achieved record hotel revenue of approximately $2.2 million for the quarter, with combined hotel occupancy reaching 85.37% and REVPAR at $88.23. IHT continues to explore diversification opportunities, including a potential reverse merger, and highlights its investment in UniGen Power and the five-year option to purchase IBC Hotels, LLC, managed by its subsidiary RRF LLLP. The company also noted its 56-year history of continuous annual dividends.
Key Highlights
- Fiscal First Quarter 2027 Consolidated Net Income was $74,702, up $35,672 YoY.
- Achieved record Hotel Revenue of approximately $2.2 million in Q1 FY2027.
- Consolidated Net Income before non-cash items was $307,326 for Q1 FY2027.
- Combined Hotel Occupancy jumped to 85.37% in Q1 FY2027.
- Revenue Per Available Room and Suites (REVPAR) modestly increased to $88.23.
- Total Hotel Revenue for the first four fiscal months of FY2027 was $2.9 million.
- RRF LLLP, IHT's subsidiary, secured a five-year option to purchase IBC Hotels, LLC.
- IHT has maintained uninterrupted annual dividends for 56 years since 1971.
Price Impact
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