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Stock impact report

IHT Q2 HOTEL RECORD REVENUES CONTINUE

InnSuites Hospitality Trust Shares of Beneficial Interest (IHT) 
NASDAQ:AMEX Investor Relations: innsuitestrust.com
Company Research Source: GlobeNewswire
Phoenix, AZ, Sept. 16, 2024 (GLOBE NEWSWIRE) -- InnSuites Hospitality Trust (NYSE American: IHT) reported a continuation of Hotel Revenue record levels in the First Half of Fiscal 2025, (February 1, 2024, to July 31, 2024), with Total Revenue increasing to an approximately $4.1 million record level. Consolidated Net Income before non-cash depreciation expense was $14,693 for the 2025 Fiscal First Half ended July 31, 2024 (February 1, 2024, through July 31, 2024). IHT hotel operations were strong in the Fiscal Year ended January 31, 2024, and the 2025 Fiscal First Half, continuing into August, of the current Fiscal Year. Combined Revenue has led to a record $4,660,134 for the first seven Fiscal Months of Fiscal Year 2025. The Combined Average Daily Rate (ADR) has increased 4.03% for Fiscal First Half (February 1, 2024, to July 31, 2024). The Combined Revenue Per Available Room (REVPAR), has also increased from the prior Fiscal First Half, by 3.16%. The Trailing 12 month revenue ha Show less Read more
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