InnSuites Hospitality Trust (IHT) Q4 2025 earnings summary

Executive summary

• FY25 revenue reached a record $7.594M, up 1% YoY, but consolidated net loss was $1.392M versus $277K net income in FY24; hotel GOP reached record levels at both properties.

• Strategy centers on operating the two hotels, pursuing a sale of one or both within 36 months, and expanding diversification through UniGen and potential merger opportunities.

Financial highlights

• Revenue was $7.594M versus $7.484M; operating expenses rose 2% to $8.336M and operating loss widened to $743K from $721K.

• Consolidated net loss of $1.392M included a $209K Best Western rewards credit; FY24 net income of $277K included a $1.403M Employee Retention Credit.

• Room revenue increased 1% to $7.336M; food and beverage revenue was $90K and other revenue rose to $167K, primarily from guest fees.

• Operating cash flow was negative $1.059M versus positive $1.432M in FY24; hotel improvements and UniGen investment used $501K in investing cash.

Outlook and guidance

• FY26 outlook calls for steady hotel revenue and profitability, high occupancy, stable rates with modest increases, and ongoing cost control; economic uncertainty, tariffs and inflation are key challenges.

• Insurance costs at Tucson are expected to fall from ~$450K in FY25 to ~$100K in FY26, a projected ~$350K saving; management expects a return to profitability in future years.

• Combined hotel revenue for February and March 2025 was a record ~$1.6M; management expects solid results and seeks an additional management agreement during FY26.