KRED

Wednesday, June 14, 2017

InnSuites Hospitality Trust (IHT) Revenues and Net Income Grow

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PHOENIX, AZ–(Marketwired – Jun 13, 2017) – InnSuites Hospitality Trust (NYSE: IHT) (“IHT”) reported revenues of approximately $4.15 million for the three months ended April 30, 2017 compared to revenues of approximately $3.63 million for the three months ended April 30, 2016, an improvement of approximately $520,000 or approximately 14.3%. IHT also reported consolidated net income of approximately $58,000 for the three months ended April 30, 2017 compared to consolidated net income of approximately $21,000 for the three months ended April 30, 2016, an improvement of approximately 276%. Included in consolidated net income were non-cash depreciation expenses of approximately $413,000 for the three months ended April 30, 2017 compared to non-cash depreciation expenses of approximately $134,000 for the three months ended April 30, 2016.

June 14, 2017 at 08:17AM

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