InnSuites Hospitality Trust reported a total revenue of approximately $7.59 million for the fiscal year ending January 31, 2025, reflecting a modest increase of 1% from the previous year's revenue of $7.48 million. The Trust's room revenue also saw a slight rise, reaching approximately $7.34 million compared to $7.29 million in the prior year. However, the Trust experienced a consolidated net loss of approximately $1.39 million, a significant decline from a net income of $277,176 in the previous fiscal year. This loss was attributed to increased operating expenses, which rose to $8.34 million from $8.21 million, driven by higher room expenses, property taxes, and hospitality costs.
Operationally, the Trust's hotel occupancy rate decreased to 74.58% from 75.91% in the previous fiscal year, while the average daily rate (ADR) increased by 2.28% to $99.68. Revenue per available room (REVPAR) also saw a slight increase of 0.49%, reaching $74.34. The Trust operates two hotels, one in Tucson, Arizona, and another in Albuquerque, New Mexico, with a total of 270 suites. Both properties are affiliated with Best Western and have undergone refurbishments to enhance guest experience and competitiveness.
Strategically, the Trust is focusing on diversifying its investments, including a $1 million investment in UniGen Power, Inc., a clean energy company. The Trust holds convertible debentures and common stock in UniGen, which it believes could provide substantial future income. Additionally, the Trust is exploring the potential sale of its hotel properties within the next 36 months, aiming to realize their market value, which management believes is significantly higher than their book values.
Looking ahead, the Trust anticipates stable occupancy levels and modest increases in room rates for the fiscal year 2026, despite economic uncertainties. Management is optimistic about maintaining profitability through effective cost control measures and the successful execution of its strategic initiatives. The Trust intends to continue its conservative dividend policy, having paid uninterrupted annual dividends since its inception in 1971, with plans to distribute $0.02 per share for the fiscal year.
About INNSUITES HOSPITALITY TRUST
About 10-K Filings
A 10-K form is a comprehensive annual report that public companies in the United States must file with the SEC, providing a detailed overview of the company's financial condition, performance, and business strategies.
Key points about the 10-K:
- Frequency: Filed annually, typically within 60 to 90 days after the end of the company's fiscal year.
-
Content: It includes:
- Detailed financial statements audited by an independent accounting firm
- Management's Discussion and Analysis (MD&A) of financial condition and results
- Description of the company's business, properties, and legal proceedings
- Risk factors and market risks
- Executive compensation and corporate governance information
- Importance: Considered the most comprehensive and important document a public company files with the SEC.
- Length: Often exceeds 100 pages due to its extensive and detailed nature.
Our Methodology
AssetRoom is committed to providing timely summaries of news from public companies. We use AI to generate these summaries quickly, but they are not reviewed by human experts.
Our method:
- Data Collection: We continuously monitor for new filings (currently limited to US-listed stocks).
- AI-Powered Analysis: Our advanced AI system processes each filing, identifying key information and extracting relevant data.
- Summary Generation: The AI creates a concise, easy-to-understand summary of the filing, highlighting the most important points.
- Publication: The summary is immediately published on our platform, allowing users instant access to the latest information.
- Email users: We distribute round-up emails according to our users preferences, keeping them in the loop with the companies they follow.
Feedback & Corrections
Spot an error or have a suggestion? Contact us.