InnSuites Hospitality Trust Reports Increased Net Loss and Decline in Revenue for Nine Months Ended October 31, 2025

InnSuites Hospitality Trust (IHT) reported a consolidated net loss of approximately $714,000 for the nine months ended October 31, 2025, compared to a net loss of about $557,000 for the same period in 2024, marking a 28% increase in losses. Total revenue for the current period was approximately $5.81 million, down 3% from $5.96 million in the prior year. The decline in revenue was primarily attributed to a decrease in room revenue, which fell to approximately $5.58 million from $5.76 million. The loss per share attributable to controlling interests was $0.10, compared to $0.09 in the previous year.

Operating expenses for the nine months decreased by 3% to approximately $6.01 million, down from $6.21 million. The reduction in expenses was largely due to lower general and administrative costs, which fell to approximately $1.52 million from $1.66 million. However, the Trust incurred increased costs in food and beverage expenses, which rose to approximately $81,000, reflecting a 14% increase due to higher revenue in that segment. The Trust's total equity decreased to approximately $(147,000) as of October 31, 2025, down from approximately $1.65 million a year earlier.

In terms of operational developments, IHT continues to manage two hotels in Arizona and New Mexico, with a total of 270 suites. The Trust has also expanded its management services to include the InnDependent Boutique Collection Hotels (IBC), which focuses on independent hotel reservations and branding. The Trust holds a 21.90% interest in the Albuquerque hotel and a 51.75% interest in the Tucson hotel, which has recently undergone refurbishments to meet Best Western standards. The occupancy rates for the Tucson and Albuquerque hotels were reported at 70.95% and 90.87%, respectively, for the nine months ended October 31, 2025.

Looking ahead, IHT is focused on improving its financial performance through cost-cutting measures and strategic initiatives, including the potential sale of its hotel properties. The Trust is also exploring opportunities in the clean energy sector through its investment in UniGen Power Inc., which is developing efficient clean energy generation technology. Management anticipates stable hotel occupancy and modest improvements in room rates, although challenges remain due to inflation and economic uncertainties. The Trust aims to leverage its real estate equity and diversify its investments to enhance future profitability.