Recent developments highlight the Trust's continued dividend payments, revenue growth, operational updates, and insider share sales.

• InnSuites Hospitality Trust declared its 56th consecutive annual dividend amid surging hotel revenues in January 2026 [N1].
• The Trust announced a semi-annual dividend and provided updates on operational progress in July 2025 [N2].
• InnSuites reported revenue growth and a positive outlook for fiscal year 2026 in June 2025 [N3].
• An insider sold 2,500 shares in June 2025 [N4].
• The Trust reported continued revenue growth in fiscal year 2025 despite its first loss in four years in May 2025 [N5].
• InnSuites declared a semi-annual dividend and reported strong revenue performance for fiscal year 2025 in January 2025 [N6].
• The Trust reported record hotel revenues and strong performance for the first three fiscal quarters of 2025 in December 2024 [N7].

The Trust has demonstrated the ability to generate record or near-record hotel revenues and gross operating profits, supported by solid occupancy and modest room rate increases. The 56th consecutive annual dividend declaration reflects a commitment to returning value to shareholders. The Trust's operational control through its subsidiary and affiliation with Best Western support stable marketing and reservation channels. The potential sale of one or both hotels within 36 months could unlock asset value. Diversification into clean energy investments may provide additional growth avenues. The Trust's liquidity position, with a current ratio of 1.3 and cash ratio of 0.96, supports operational stability.

The Trust reported a net loss of $230,360 for the period ending July 31, 2026, and negative earnings per share, indicating profitability challenges. The hotel industry is highly competitive, with risks from alternative lodging platforms and potential new hotel developments that could pressure occupancy and room rates. The Trust's geographic concentration in two markets increases exposure to local economic and competitive risks. Regulatory compliance costs, including ADA, environmental, labor, and privacy laws, may increase operating expenses. The anticipated sale of hotel assets introduces execution risk and potential disruption. Seasonal fluctuations and external events such as pandemics or economic downturns could adversely impact revenues and profitability.

InnSuites Hospitality Trust's moat is based on its ownership and management of two established moderate-service hotels with a long-standing brand and operational history since 1971. The Trust benefits from its majority ownership and direct management control through its subsidiary, allowing for operational efficiencies and brand consistency. The hotels' membership agreements with Best Western provide access to a recognized reservation system and brand affiliation, supporting marketing and occupancy. However, the hotel industry is highly competitive with many mid-market alternatives and increasing competition from alternative lodging platforms such as Airbnb. The Trust's relatively small scale and geographic concentration in two markets may limit its competitive advantages compared to larger hotel operators with broader portfolios and resources. The Trust's diversification into clean energy investments may provide additional strategic value but is not core to its hotel operations.

• Competitive Pressure: The Trust faces competition from other mid-market hotels and alternative lodging options such as Airbnb, which may affect occupancy and room rates.
• Geographic Concentration: Operations are concentrated in two hotels located in Tucson, Arizona and Albuquerque, New Mexico, increasing exposure to local market risks.
• Regulatory Compliance: The Trust is subject to various federal, state, and local regulations including ADA compliance, environmental laws, labor laws, and privacy regulations, which may increase costs and operational complexity.
• Profitability Challenges: The Trust reported a net loss and negative earnings per share in the latest period, indicating challenges in maintaining profitability.
• Asset Sale Execution Risk: The Trust anticipates selling one or both hotels within 36 months, which may involve execution risks and potential operational disruption.
• Seasonality and External Events: Seasonal fluctuations and adverse events such as pandemics, economic downturns, or travel disruptions could significantly impact revenues and profitability.

• InnSuites Hospitality Trust is an unincorporated Ohio real estate investment trust formed in 1971 and headquartered in Phoenix, Arizona.
• The Trust is taxed as a C-corporation, not as a REIT for federal tax purposes.
• The Trust owns interests in two hotels located in Tucson, Arizona and Albuquerque, New Mexico, operating under the InnSuites brand.
• The Trust owns a 79.18% general partner interest in a partnership controlling 51.69% of the Tucson hotel and directly owns 21.90% of the Albuquerque hotel.
• The two hotels have a total of 270 suites and operate as moderate-service hotels with amenities including pools, fitness centers, business centers, complimentary breakfast, social areas, and conference facilities.
• The Trust manages the hotels through its majority-owned subsidiary RRF LLLP, which also manages a boutique hotel reservation and services company.
• The Trust's primary business objective is to maximize shareholder returns through hotel operating income, asset value increases, profitable hotel operations, asset sales, and diversified investments including clean energy innovation.
• The Trust has management agreements for the hotels with fees of 5% of room revenue plus monthly accounting fees; these agreements can be cancelled with 30 days' notice.
• The hotels have membership agreements with Best Western International for use of their name, trademark, and reservation system, paying marketing and reservation fees based on room revenues and reservations.
• The hotel industry is highly competitive with competition from other mid-market hotels and alternative lodging such as Airbnb.
• The hotels experienced record or near-record revenues and gross operating profits in fiscal year 2026 due to solid occupancy and modest room rate increases.
• The Trust anticipates selling one or both hotels within 36 months.
• The Trust also holds a diversification investment in UniGen Power, Inc., an efficient clean energy electricity generator innovation company.
• The Trust has approximately 52 full-time and 27 part-time employees.
• The hotels' operations are seasonal, with Tucson's highest occupancy in winter and Albuquerque's in summer, causing quarterly revenue fluctuations.
• The Trust is subject to various federal, state, and local regulations affecting hospitality, including ADA compliance, environmental laws, labor laws, and privacy regulations.
• The Trust reported revenue of $4.6 million for the period ending August 31, 2025, and a net loss of $230,360 for the period ending July 31, 2026.
• Basic and diluted earnings per share were -$0.02 for the period ending July 31, 2026.
• As of July 31, 2026, the Trust had cash and equivalents of $1,325,000, current assets of $1,796,555, current liabilities of $1,382,286, a current ratio of 1.3, and a cash ratio of 0.96.
• The Trust declared its 56th consecutive annual dividend as hotel revenues surged in January 2026.
• The Trust announced semi-annual dividends and operational updates in July 2025.
• The Trust reported continued revenue growth in fiscal year 2025 despite its first loss in four years.
• An insider sold 2,500 shares in June 2025.