Annual Net Income Attributable to Controlling Interests was
Earnings Per Share based on this Net Income Attributable to Controlling Interest amount was
Consolidated Net Income before non-cash depreciation expense was
IHT hotel operations were strong in the Fiscal Year ended
These are all positive signs for InnSuites, as progress continues while the Travel Industry, and
IHT management believes that due to real estate held on the books of IHT at book values believed to be significantly below current market value and due to the high clean energy diversification profit potential ahead, the IHT future looks bright. Accordingly, IHT continues its stock buyback program.
IHT’s strong hotel operating results are reflected in three successful, consecutive profitable Fiscal Years, even after accounting for substantial non-cash depreciation expense.
Fiscal Year 2025 extended IHT’s uninterrupted, continuous annual dividends to 54 years, since 1971, with semi-annual dividends paid
For more information, visit www.innsuitestrust.com and www.innsuites.com.
Forward-Looking Statements
With the exception of historical information, matters discussed in this news release may include “forward-looking statements” within the meaning of the federal securities laws. All statements regarding IHT’s review and exploration of potential strategic, operational, and structural alternative diversification investments, 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. Important factors, among others, that could cause IHT’s actual results and future actions to differ materially from those described in forward-looking statements include the uncertain outcome, impact, effects and results of IHT’s success in finding potential qualified purchasers for its hospitality real estate, or a reverse merger partner, the success of additional financing and timing of the
FOR FURTHER INFORMATION:
602-944-1500
email: mberg@innsuites.com
INNSUITES HOTEL CENTRE
1730 E. NORTHERN AVENUE, #122
Phone: 602-944-1500
Source:
2024 GlobeNewswire, Inc., source