InnSuites shares rise 10.29% after-hours after reporting $5.8M in first three FY26 hotel revenue.

lunes, 15 de diciembre de 2025, 5:45 pm ET1 min de lectura
IHT--
InnSuites Hospitality Trust surged 10.29% in after-hours trading following a report of $5.8 million in hotel revenue for the first three fiscal quarters of 2026, with a near break-even net income. The results, combined with a 5-year option to purchase IBC Hotels (a revived independent hotel chain) and potential ownership in clean energy firm UniGen Power, highlighted diversification and growth opportunities. The company also maintained its 55-year dividend streak, reinforcing stability. Strong November revenue ($550,000) and a $6.3 million 10-month total underscored operational resilience amid a flat travel industry. The news aligned with the stock’s upward move, driven by improved profitability, strategic expansion, and high-potential investments.

Comentarios



Add a public comment...
Sin comentarios

Aún no hay comentarios