InnSuites Hospitality Trust (IHT)
Market Price (9/19/2026): $1.48 | Market Cap: $-Sector: Real Estate | Industry: Hotel & Resort REITs
InnSuites Hospitality Trust (IHT)
Market Price (9/19/2026): $1.48Market Cap: $-Sector: Real EstateIndustry: Hotel & Resort REITs
Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.
Weak multi-year price returns2Y Excs Rtn is -65%, 3Y Excs Rtn is -37% | Key risksIHT key risks include [1] significant financial instability, Show more. |
| Weak multi-year price returns2Y Excs Rtn is -65%, 3Y Excs Rtn is -37% |
| Key risksIHT key risks include [1] significant financial instability, Show more. |
Qualitative Assessment
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InnSuites Hospitality Trust (IHT) stock has lost about 10% since 5/31/2026 because of the following key factors:
1. NYSE American Listing Non-Compliance and Remediation Efforts.
InnSuites Hospitality Trust (IHT) received a notice of non-compliance from NYSE American on June 24, 2026, for failing to meet continued listing standards, specifically Section 1003(a)(i) equity requirements, with a stockholders' deficit of approximately $(921,921) as of the end of fiscal Q1 2027 (April 30, 2026). While IHT's compliance plan was accepted by NYSE American on September 10, 2026, granting an 18-month cure period until December 24, 2027, the initial non-compliance and the ongoing period to regain full compliance likely contributed to investor concern and stock depreciation. As part of its remediation, IHT increased its stockholders' equity by $3.0 million on August 19, 2026, reaching $2,078,079 by August 25, 2026, which put it above the NYSE American's minimum threshold of $2 million.
2. Persistent Net Losses Despite Revenue Growth in Fiscal Q2 2027.
For fiscal Q2 2027, which ended July 31, 2026, InnSuites Hospitality Trust reported a revenue of $1.84 million, a modest 2.1% increase from $1.80 million in the comparable prior-year quarter. Despite this top-line growth and an improved net loss of $297,000 (compared to a $401,000 net loss in the prior-year quarter), the company continued to operate at a net loss, with diluted earnings per share (EPS) of $(0.02). While there was an improvement in reducing the net loss, the continued lack of overall profitability could temper investor confidence and contribute to downward pressure on the stock.
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InnSuites Hospitality Trust (IHT) stock has lost about 10% since 5/31/2026 because of the following key factors:
1. NYSE American Listing Non-Compliance and Remediation Efforts.
InnSuites Hospitality Trust (IHT) received a notice of non-compliance from NYSE American on June 24, 2026, for failing to meet continued listing standards, specifically Section 1003(a)(i) equity requirements, with a stockholders' deficit of approximately $(921,921) as of the end of fiscal Q1 2027 (April 30, 2026). While IHT's compliance plan was accepted by NYSE American on September 10, 2026, granting an 18-month cure period until December 24, 2027, the initial non-compliance and the ongoing period to regain full compliance likely contributed to investor concern and stock depreciation. As part of its remediation, IHT increased its stockholders' equity by $3.0 million on August 19, 2026, reaching $2,078,079 by August 25, 2026, which put it above the NYSE American's minimum threshold of $2 million.
2. Persistent Net Losses Despite Revenue Growth in Fiscal Q2 2027.
For fiscal Q2 2027, which ended July 31, 2026, InnSuites Hospitality Trust reported a revenue of $1.84 million, a modest 2.1% increase from $1.80 million in the comparable prior-year quarter. Despite this top-line growth and an improved net loss of $297,000 (compared to a $401,000 net loss in the prior-year quarter), the company continued to operate at a net loss, with diluted earnings per share (EPS) of $(0.02). While there was an improvement in reducing the net loss, the continued lack of overall profitability could temper investor confidence and contribute to downward pressure on the stock.
3. Uncertainty Surrounding Reverse Merger Discussions and High-Risk Diversification.
Throughout the period, IHT has consistently announced that it is exploring strategic alternatives, including a potential reverse merger. While these discussions could offer future opportunities, the inherent uncertainty of such complex transactions can create volatility and cautious sentiment among investors. Additionally, IHT's diversification investment in UniGen Power, Inc., a clean energy generation venture, is described by management as "high risk but offering significant upside potential". The characterization of this investment as high-risk could add to investor apprehension given the company's existing challenges.
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Stock Movement Drivers
Fundamental Drivers
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Market Drivers
5/31/2026 to 9/18/2026| Return | Correlation | |
|---|---|---|
| IHT | -7.8% | |
| Market (SPY) | 0.9% | 7.4% |
| Sector (XLRE) | -3.3% | 6.5% |
Fundamental Drivers
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Market Drivers
2/28/2026 to 9/18/2026| Return | Correlation | |
|---|---|---|
| IHT | 36.5% | |
| Market (SPY) | 11.6% | 13.6% |
| Sector (XLRE) | -2.3% | 13.1% |
Fundamental Drivers
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Market Drivers
8/31/2025 to 9/18/2026| Return | Correlation | |
|---|---|---|
| IHT | -26.5% | |
| Market (SPY) | 19.4% | 15.3% |
| Sector (XLRE) | 3.1% | 6.6% |
Fundamental Drivers
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Market Drivers
8/31/2023 to 9/18/2026| Return | Correlation | |
|---|---|---|
| IHT | -3.7% | |
| Market (SPY) | 75.6% | 8.1% |
| Sector (XLRE) | 26.2% | 6.9% |
Price Returns Compared
| 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| IHT Return | -0% | -23% | 2% | 30% | -37% | 8% | -31% |
| Peers Return | 31% | -17% | 21% | 10% | -17% | 23% | 48% |
| S&P 500 Return | 27% | -19% | 24% | 23% | 16% | 12% | 103% |
Monthly Win Rates [3] | |||||||
| IHT Win Rate | 33% | 42% | 33% | 50% | 42% | 56% | |
| Peers Win Rate | 55% | 38% | 55% | 53% | 47% | 56% | |
| S&P 500 Win Rate | 75% | 42% | 67% | 75% | 67% | 44% | |
Max Drawdowns [4] | |||||||
| IHT Max Drawdown | -81% | -67% | -70% | -27% | -62% | -31% | |
| Peers Max Drawdown | -18% | -33% | -22% | -19% | -35% | -17% | |
| S&P 500 Max Drawdown | -5% | -25% | -10% | -8% | -19% | -9% | |
[1] Cumulative total returns since the beginning of 2021
[2] Peers: CHH, WH, HST, PK, APLE.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 9/18/2026 (YTD)
How Low Can It Go
| Event | IHT | S&P 500 |
|---|---|---|
| 2025 US Tariff Shock | ||
| % Loss | -15.8% | -18.8% |
| % Gain to Breakeven | 18.8% | 23.1% |
| Time to Breakeven | 41 days | 79 days |
| 2024 Yen Carry Trade Unwind | ||
| % Loss | -15.0% | -7.8% |
| % Gain to Breakeven | 17.6% | 8.5% |
| Time to Breakeven | 35 days | 18 days |
| Summer-Fall 2023 Five Percent Yield Shock | ||
| % Loss | -49.5% | -9.5% |
| % Gain to Breakeven | 98.0% | 10.5% |
| Time to Breakeven | 348 days | 24 days |
| 2023 SVB Regional Banking Crisis | ||
| % Loss | -27.7% | -6.7% |
| % Gain to Breakeven | 38.3% | 7.1% |
| Time to Breakeven | 8 days | 31 days |
| 2022 Inflation Shock & Fed Tightening | ||
| % Loss | -21.3% | -24.5% |
| % Gain to Breakeven | 27.1% | 32.4% |
| Time to Breakeven | 232 days | 427 days |
| 2020 COVID-19 Crash | ||
| % Loss | -38.7% | -33.7% |
| % Gain to Breakeven | 63.0% | 50.9% |
| Time to Breakeven | 166 days | 140 days |
In The Past
InnSuites Hospitality Trust's stock fell -15.8% during the 2025 US Tariff Shock. Such a loss loss requires a 18.8% gain to breakeven.
Preserve Wealth
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Asset Allocation
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| Event | IHT | S&P 500 |
|---|---|---|
| Summer-Fall 2023 Five Percent Yield Shock | ||
| % Loss | -49.5% | -9.5% |
| % Gain to Breakeven | 98.0% | 10.5% |
| Time to Breakeven | 348 days | 24 days |
| 2023 SVB Regional Banking Crisis | ||
| % Loss | -27.7% | -6.7% |
| % Gain to Breakeven | 38.3% | 7.1% |
| Time to Breakeven | 8 days | 31 days |
| 2022 Inflation Shock & Fed Tightening | ||
| % Loss | -21.3% | -24.5% |
| % Gain to Breakeven | 27.1% | 32.4% |
| Time to Breakeven | 232 days | 427 days |
| 2020 COVID-19 Crash | ||
| % Loss | -38.7% | -33.7% |
| % Gain to Breakeven | 63.0% | 50.9% |
| Time to Breakeven | 166 days | 140 days |
| 2016-2017 Trump Reflation Bond Selloff | ||
| % Loss | -24.0% | -3.7% |
| % Gain to Breakeven | 31.5% | 3.9% |
| Time to Breakeven | 344 days | 6 days |
| 2013 Taper Tantrum | ||
| % Loss | -32.4% | -0.2% |
| % Gain to Breakeven | 48.0% | 0.2% |
| Time to Breakeven | 70 days | 1 days |
| 2008-2009 Global Financial Crisis | ||
| % Loss | -58.3% | -53.4% |
| % Gain to Breakeven | 140.1% | 114.4% |
| Time to Breakeven | 85 days | 1085 days |
In The Past
InnSuites Hospitality Trust's stock fell -15.8% during the 2025 US Tariff Shock. Such a loss loss requires a 18.8% gain to breakeven.
Preserve Wealth
Limiting losses and compounding gains is essential to preserving wealth.
Asset Allocation
Actively managed asset allocation strategies protect wealth. Learn more.
About InnSuites Hospitality Trust (IHT)
InnSuites Hospitality Trust (IHT) is a publicly traded Ohio Business Trust, headquartered in Phoenix, Arizona, that initially listed on the NYSE in 1971. The company's fundamental business model revolves around the ownership and management of hotel properties operating under its proprietary "InnSuites Hotels" brand name.
IHT's primary products and services encompass a full spectrum of hotel-related activities. This includes the direct ownership of real estate and hotel properties, providing comprehensive hotel management services, and offering branding and reservation services under its trademarked "InnSuites" brand. Through this integrated approach, the trust manages the entire operation of its hotels, from initial investment in real estate to daily guest services and brand maintenance.
The company primarily serves the hospitality market, with its main customers being travelers and guests seeking accommodations at its InnSuites branded hotels. With over 40 years of experience, IHT has focused on innovating for guest needs and recognizing hotel membership demands, aiming to provide a consistent and quality experience to the general public staying at its properties.
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1. Starbucks for hotels, but exclusively for its 'InnSuites' brand.
2. Think of it as a boutique hotel chain like a smaller Hyatt, where they own and manage all their properties under the 'InnSuites' name.
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- Hotel Ownership: IHT owns real estate and hotels operating under the InnSuites Hotels name.
- Hotel Management Services: IHT provides comprehensive management services for hotels.
- Hotel Branding Services: IHT offers the "InnSuites" brand and trademark for hotels.
- Hotel Reservation Services: IHT provides reservation systems and services for hotels.
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InnSuites Hospitality Trust (IHT) sells primarily to **individuals** who are guests at its hotels. The major categories of customers that it serves include:
- Leisure Travelers: Individuals or families seeking accommodations for vacations, tourism, or recreational purposes.
- Business Travelers: Professionals traveling for work-related activities, corporate meetings, conferences, or temporary assignments.
- Group Travelers: Individuals traveling as part of organized groups, which may include corporate groups, government employees, sports teams, or tour groups.
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James F. Wirth, Chairman and Chief Executive Officer
Mr. Wirth is the founder of InnSuites Hospitality Trust, established in 1971. He has served as Chairman and Chief Executive Officer of InnSuites Hospitality Trust since January 30, 1998, and held the position of President until February 1, 2012. Beyond InnSuites, Mr. Wirth is the Manager and primary owner (together with his affiliates) of Rare Earth Financial, L.L.C., and affiliated entities, which own and operate hotels, a role he has held since 1980. He also founded Rare Earth Development Co. in 1972, where he has been Chairman & President since 2012. His other current positions include Chairman at InnSuites Hotels, Inc. since 2001, Director at UniGen Power, Inc. since 2019, and President at Phoenix Northern Resort LLC and Suite Hotels LLC since 2011. Mr. Wirth possesses significant real estate and hotel industry experience.
Adam B. Remis, Chief Financial Officer
Mr. Remis has served as Chief Financial Officer of InnSuites Hospitality Trust since March 18, 2013. He brings nearly 20 years of combined experience in accounting, audit, tax, and technology consulting. From September 2008 to March 2013, Mr. Remis was a Senior Manager at Khalsa McBrearty Accountancy, LP, where he was responsible for managing financial audit and tax compliance engagements. Previously, from April 2006 to September 2008, he held the position of Director of Technology – Internal Audit at American Express, where he led a team of auditors in reviewing information systems and technology infrastructure controls.
Marc E. Berg, Executive Vice President, Secretary and Treasurer
Mr. Berg has served as Executive Vice President, Secretary and Treasurer of InnSuites Hospitality Trust since February 10, 1999. Prior to this, he was the Vice President of Acquisitions and Dispositions for the Trust from December 16, 1998, to February 10, 1999. He has also been a Consultant to InnSuites Hotels since 1989. Before his tenure with InnSuites, Mr. Berg worked as a Wealth Manager at Valley National Bank and was also involved in public finance at Young, Smith and Peacock, an Investment Banking firm. He has been a Trustee of InnSuites Hospitality Trust since January 30, 1998.
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Financial Performance and Profitability Challenges
InnSuites Hospitality Trust has experienced a decline in earnings, with a 2.1% decrease per year over the past five years. The company reported a consolidated net loss of approximately -$48,000 for the first three fiscal quarters of 2026 and a consolidated net loss of $(713,982) for the third quarter of 2025, primarily due to higher interest expenses and lower revenue. Furthermore, fiscal year 2025 marked the first loss for the company in four years, signaling potential underlying profitability issues. The dividend coverage by earnings or free cash flows is not strong, and the company has a high Debt to Equity ratio and a low Cash to Assets ratio, contributing to financial vulnerability. -
High-Risk Investment in UniGen Power Inc.
IHT has made a diversification investment in UniGen Power Inc., which is explicitly categorized as a high-risk venture. The success of this investment is uncertain and poses a significant financial threat to InnSuites Hospitality Trust if it does not yield the expected returns. IHT's potential ownership stake in UniGen could be up to 15-20% if all stock, convertible bonds, and warrants are fully exercised. UniGen is currently seeking its next round of capital, and IHT's participation is not guaranteed. -
Operational Challenges and Intense Industry Competition
The company faces significant operational challenges stemming from economic uncertainties, including inflationary pressures and tariff impacts that affect hotel occupancy and room rates. InnSuites Hospitality Trust operates in a competitive landscape where the bargaining power of suppliers, particularly lenders with substantial liabilities, and customers who can easily switch options, puts pressure on margins. The hospitality industry also contends with tight labor supply and rising wages in its operating markets, increasing costs. Moreover, the threat of substitutes, such as non-traditional lodging (e.g., Airbnb) and the expansion of extended-stay properties, presents a persistent challenge to its core hotel business. InnSuites Hospitality Trust has also underperformed the US Hotel and Resort REITs industry and the broader US Market over the past year.
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The continued growth and increasing market share of short-term rental platforms, such as Airbnb and VRBO, pose a significant emerging threat. These platforms directly compete with traditional hotels like InnSuites by offering alternative lodging options, often at competitive prices or with unique amenities, thereby impacting occupancy rates and revenue for the conventional hotel business model.
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The addressable markets for InnSuites Hospitality Trust (IHT) primarily revolve around the hotel industry in the United States, encompassing hotel ownership, management, branding, and reservation services.
The overall U.S. hotels market was estimated at USD 263.21 billion in 2024 and is projected to grow to USD 280.63 billion in 2025. This market size reflects the general industry for hotel operations, which includes the ownership, management, and branding services provided by InnSuites Hospitality Trust.
For their reservation services, the market size for online hotel booking in the U.S. was USD 53.3 billion in 2024 and is expected to reach USD 55.8 billion in 2025.
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InnSuites Hospitality Trust (IHT) expects future revenue growth over the next 2-3 years to be driven by several key factors:
- Continued Robust Hotel Operations: The company reported strong hotel revenue results exceeding $2 million for the First Fiscal Quarter of 2026, demonstrating resilient operational performance despite a flattening travel industry. Strong hotel operations in Fiscal Year 2025 are also contributing to a solid start in the current Fiscal Year 2026.
- Strategic Diversification into Clean Energy through UniGen Power: IHT is pursuing diversification opportunities, notably its investment in UniGen Power, a company focused on clean energy innovations. IHT holds convertible bonds and warrants that could lead to an ownership stake of approximately 15-20% or more in UniGen, which already has sales for 30 engines on its books. This investment is viewed as a potential high-return opportunity in a growing market.
- Revitalization and Management of InnDependent Boutique Collection (IBC Hotels): Another diversification strategy involves IHT's management role in the newly acquired InnDependent Boutique Collection (IBC Hotels). This initiative aims to revitalize IBC and capitalize on the demand for independent hotel services, presenting another potential high-return opportunity for the Trust.
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Outbound Investments
- InnSuites Hospitality Trust made a diversification investment in UniGen Power, Inc., a privately held company focused on clean energy generation innovation, with UniGen currently seeking its next round of capital raising in which IHT may participate.
- The company's management entity, RRF LLLP, has assumed management of InnDependent Boutique Collection (IBC Hotels), representing a diversification project aimed at capitalizing on the market for independent hotel services.
Peer Outperformance in Hotel & Resort REITs
| Industry | Names | 1Y med | 3Y med | 5Y med | Top 3 by 5Y |
|---|---|---|---|---|---|
| Health Care REITs | 15 | 13.7% | 59.0% | 58.9% | WELL 201% · DHC 159% · CTRE 117% |
| Retail REITs | 22 | 7.3% | 31.9% | 31.6% | IVT 1505% · SKT 151% · SPG 104% |
| Real Estate Development | 6 | -24.2% | 15.7% | 16.2% | JOE 55% · AXR 46% · FOR 32% |
| Other Specialized REITs | 11 | 4.7% | 20.1% | 15.6% | IRM 208% · LAMR 70% · OUT 65% |
| Hotel & Resort REITs ← | 16 | 27.6% | 29.2% | 6.2% | HST 70% · RHP 70% · DRH 54% |
| Industrial REITs | 11 | 10.2% | 19.6% | 3.3% | EGP 38% · FR 33% · PLD 20% |
| Diversified REITs | 12 | 7.0% | 25.4% | -6.0% | CTO 69% · LXP 18% · WPC 18% |
| Single-Family Residential REITs | 4 | -4.8% | -2.0% | -17.9% | AMH -9% · ELS -15% · INVH -21% |
| Multi-Family Residential REITs | 13 | -9.4% | 1.3% | -20.5% | AIV 7% · ESS 0% · BRT -5% |
| Real Estate Services | 27 | -23.9% | -6.4% | -27.4% | REAX 784% · MDRR 544% · CHCI 305% |
| Office REITs | 18 | -14.3% | 13.2% | -31.5% | PSTL 66% · CDP 58% · SLG 6% |
| Telecom Tower REITs | 3 | -7.9% | -11.0% | -44.9% | AMT -31% · SBAC -45% · CCI -50% |
Latest Trefis Analyses
| Title | Date | |
|---|---|---|
| DASHBOARDS | ||
| With InnSuites Hospitality Trust Stock Sliding, Have You Assessed The Risk? | 10/17/2025 |
| Title | |
|---|---|
| ARTICLES |
Research & Analysis
Invest in Strategies
Wealth Management
Peer Comparisons
| Peers to compare with: |
Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 18.71 |
| Mkt Cap | 4.4 |
| Rev LTM | 1,619 |
| Op Inc LTM | 413 |
| FCF LTM | 290 |
| FCF 3Y Avg | 285 |
| CFO LTM | 386 |
| CFO 3Y Avg | 393 |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | 1.2% |
| Rev Chg 3Y Avg | 1.8% |
| Rev Chg Q | 3.4% |
| QoQ Delta Rev Chg LTM | 0.9% |
| Op Inc Chg LTM | -1.8% |
| Op Inc Chg 3Y Avg | 1.0% |
| Op Mgn LTM | 17.8% |
| Op Mgn 3Y Avg | 18.5% |
| QoQ Delta Op Mgn LTM | 0.3% |
| CFO/Rev LTM | 25.8% |
| CFO/Rev 3Y Avg | 23.2% |
| FCF/Rev LTM | 16.4% |
| FCF/Rev 3Y Avg | 15.4% |
Segment Financials
Revenue by Segment| $ Mil | 2026 | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
| Hotel Operations and Hotel Management Services | 8 | 8 | |||
| Food and Beverage | 0 | 0 | 0 | ||
| Other | 0 | 0 | 0 | ||
| Room | 7 | 7 | 6 | ||
| Management and Trademark Fees | 0 | ||||
| Total | 8 | 8 | 7 | 7 | 6 |
| $ Mil | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|
| Hotel Operations & Corporate Overhead | -1 | -1 | -1 | -1 |
| IBC Developments | -2 | -1 | -0 | -0 |
| Total | -3 | -2 | -1 | -1 |
| $ Mil | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|
| Hotel Operations & Corporate Overhead | 22 | 21 | 23 | 27 |
| IBC Developments | 1 | 1 | 1 | 0 |
| Total | 23 | 22 | 24 | 27 |
Price Behavior
| Market Price | $1.42 | |
| Market Cap ($ Bil) | 0.0 | |
| First Trading Date | 12/30/1987 | |
| Distance from 52W High | -25.8% | |
| 50 Days | 200 Days | |
| DMA Price | $1.59 | $1.40 |
| DMA Trend | indeterminate | down |
| Distance from DMA | -10.8% | 1.4% |
| 3M | 1YR | |
| Volatility | 65.2% | 56.5% |
| Downside Capture | -60.28 | 68.98 |
| Upside Capture | -122.71 | 24.99 |
| Correlation (SPY) | 3.9% | 20.4% |
| 1M | 2M | 3M | 6M | 1Y | 3Y | |
|---|---|---|---|---|---|---|
| Beta | -0.68 | -0.33 | 0.26 | 0.54 | 1.11 | 0.38 |
| Up Beta | 0.14 | 0.39 | 0.88 | 1.11 | 0.68 | 0.29 |
| Down Beta | -1.97 | -0.18 | 0.96 | 1.45 | 1.55 | 0.20 |
| Up Capture | -264% | -154% | -56% | 20% | 59% | 17% |
| Bmk +ve Days | 10 | 21 | 32 | 68 | 138 | 427 |
| Stock +ve Days | 7 | 16 | 27 | 59 | 101 | 325 |
| Down Capture | 258% | 93% | 23% | -31% | 128% | 84% |
| Bmk -ve Days | 11 | 21 | 32 | 59 | 113 | 324 |
| Stock -ve Days | 14 | 24 | 35 | 63 | 127 | 358 |
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with IHT | |
|---|---|---|---|---|
| IHT | -29.5% | 56.9% | -0.41 | - |
| Sector ETF (XLRE) | 3.8% | 14.0% | 0.03 | 9.7% |
| Equity (SPY) | 16.9% | 12.9% | 0.94 | 20.5% |
| Gold (GLD) | 19.1% | 29.3% | 0.60 | -4.8% |
| Commodities (DBC) | 46.9% | 20.6% | 1.76 | -6.1% |
| Real Estate (VNQ) | 4.9% | 13.6% | 0.10 | 10.6% |
| Bitcoin (BTCUSD) | -34.5% | 43.9% | -0.84 | 6.3% |
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Based On 5-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with IHT | |
|---|---|---|---|---|
| IHT | -17.0% | 88.4% | 0.16 | - |
| Sector ETF (XLRE) | 1.2% | 19.1% | -0.04 | 5.6% |
| Equity (SPY) | 12.9% | 17.2% | 0.57 | 8.4% |
| Gold (GLD) | 19.1% | 18.8% | 0.83 | 3.8% |
| Commodities (DBC) | 11.3% | 19.5% | 0.45 | 2.9% |
| Real Estate (VNQ) | 1.1% | 18.8% | -0.05 | 6.3% |
| Bitcoin (BTCUSD) | 11.2% | 52.5% | 0.39 | 5.5% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 10-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with IHT | |
|---|---|---|---|---|
| IHT | -3.3% | 95.8% | 0.37 | - |
| Sector ETF (XLRE) | 5.8% | 20.4% | 0.24 | 6.2% |
| Equity (SPY) | 15.1% | 18.0% | 0.72 | 7.0% |
| Gold (GLD) | 12.1% | 16.4% | 0.61 | 1.3% |
| Commodities (DBC) | 8.3% | 18.1% | 0.37 | 2.2% |
| Real Estate (VNQ) | 4.4% | 20.7% | 0.18 | 6.4% |
| Bitcoin (BTCUSD) | 61.7% | 66.1% | 1.02 | 3.8% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Returns Analyses
SEC Filings
Expand for More| Report Date | Filing Date | Filing |
|---|---|---|
| 07/31/2026 | 09/16/2026 | 10-Q |
| 04/30/2026 | 06/22/2026 | 10-Q |
| 01/31/2026 | 05/19/2026 | 10-K |
| 10/31/2025 | 12/15/2025 | 10-Q |
| 07/31/2025 | 09/12/2025 | 10-Q |
| 04/30/2025 | 06/20/2025 | 10-Q |
| 01/31/2025 | 05/01/2025 | 10-K |
| 10/31/2024 | 12/16/2024 | 10-Q |
| 07/31/2024 | 09/16/2024 | 10-Q |
| 04/30/2024 | 06/18/2024 | 10-Q |
| 01/31/2024 | 04/08/2024 | 10-K |
| 10/31/2023 | 12/07/2023 | 10-Q |
| 07/31/2023 | 09/14/2023 | 10-Q |
| 04/30/2023 | 06/14/2023 | 10-Q |
| 01/31/2023 | 05/02/2023 | 10-K |
| 10/31/2022 | 12/14/2022 | 10-Q |
| Report Date | Filing Date | Filing |
|---|---|---|
| 07/31/2026 | 09/16/2026 | 10-Q |
| 04/30/2026 | 06/22/2026 | 10-Q |
| 01/31/2026 | 05/19/2026 | 10-K |
| 10/31/2025 | 12/15/2025 | 10-Q |
| 07/31/2025 | 09/12/2025 | 10-Q |
| 04/30/2025 | 06/20/2025 | 10-Q |
| 01/31/2025 | 05/01/2025 | 10-K |
| 10/31/2024 | 12/16/2024 | 10-Q |
| 07/31/2024 | 09/16/2024 | 10-Q |
| 04/30/2024 | 06/18/2024 | 10-Q |
| 01/31/2024 | 04/08/2024 | 10-K |
| 10/31/2023 | 12/07/2023 | 10-Q |
| 07/31/2023 | 09/14/2023 | 10-Q |
| 04/30/2023 | 06/14/2023 | 10-Q |
| 01/31/2023 | 05/02/2023 | 10-K |
| 10/31/2022 | 12/14/2022 | 10-Q |
| 07/31/2022 | 09/20/2022 | 10-Q |
| 04/30/2022 | 07/01/2022 | 10-Q |
| 01/31/2022 | 05/27/2022 | 10-K |
| 10/31/2021 | 12/28/2021 | 10-Q |
| 07/31/2021 | 10/20/2021 | 10-Q |
| 04/30/2021 | 06/28/2021 | 10-Q |
| 01/31/2021 | 05/17/2021 | 10-K |
| 10/31/2020 | 03/24/2021 | 10-Q |
| 07/31/2020 | 03/01/2021 | 10-Q |
| 04/30/2020 | 01/11/2021 | 10-Q |
| 01/31/2020 | 08/14/2020 | 10-K |
| 10/31/2019 | 12/27/2019 | 10-Q |
Insider Activity
Updated 9/18/2026| # | Owner | Title | Holding | Action | Filing Date | Price | Shares | Transacted Value | Value of Held Shares | Form |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Berg, Marc E | EVP & Secretary/Treasurer | Direct | Sell | 9182026 | 22593.60 | 16,000 | 361,497,600 | 733,727,160 | Form |
| 2 | Wirth, James F | President & CEO | Spouse | Sell | 8312026 | 32102.45 | 25,000 | 802,561,250 | 256,286,249,896 | Form |
| 3 | Wirth, James F | President & CEO | Direct | Sell | 8272026 | 17372.52 | 12,378 | 215,037,053 | 139,560,158,953 | Form |
| 4 | Wirth, James F | President & CEO | Direct | Sell | 8242026 | 52316.70 | 34,800 | 1,820,621,160 | 420,927,821,459 | Form |
| 5 | Wirth, James F | President & CEO | Direct | Sell | 2272026 | 9407.32 | 8,822 | 82,991,377 | 56,675,462,367 | Form |
| # | Owner | Title | Holding | Action | Filing Date | Price | Shares | Transacted Value | Value of Held Shares | Form |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Berg, Marc E | EVP & Secretary/Treasurer | Direct | Sell | 9182026 | 22593.60 | 16,000 | 361,497,600 | 733,727,160 | Form |
| 2 | Wirth, James F | President & CEO | Spouse | Sell | 8312026 | 32102.45 | 25,000 | 802,561,250 | 256,286,249,896 | Form |
| 3 | Wirth, James F | President & CEO | Direct | Sell | 8272026 | 17372.52 | 12,378 | 215,037,053 | 139,560,158,953 | Form |
| 4 | Wirth, James F | President & CEO | Direct | Sell | 8242026 | 52316.70 | 34,800 | 1,820,621,160 | 420,927,821,459 | Form |
| 5 | Wirth, James F | President & CEO | Direct | Sell | 2272026 | 9407.32 | 8,822 | 82,991,377 | 56,675,462,367 | Form |
| 6 | Wirth, James F | President & CEO | Direct | Sell | 11262025 | 10237.33 | 7,931 | 81,192,264 | 61,766,265,129 | Form |
| 7 | Wirth, James F | President & CEO | Direct | Sell | 11262025 | 10497.73 | 7,930 | 83,246,999 | 63,420,629,099 | Form |
| 8 | Wirth, James F | President & CEO | Direct | Sell | 11192025 | 13706.00 | 10,000 | 137,060,000 | 82,911,650,976 | Form |
| 9 | Wirth, James F | President & CEO | Direct | Sell | 11182025 | 14392.00 | 10,000 | 143,920,000 | 87,205,388,032 | Form |
| 10 | Wirth, James F | President & CEO | Spouse | Sell | 11142025 | 18090.00 | 12,500 | 226,125,000 | 109,793,564,640 | Form |
| 11 | Wirth, James F | President & CEO | Direct | Sell | 11142025 | 14561.00 | 10,000 | 145,610,000 | 88,557,031,556 | Form |
| 12 | Wirth, James F | President & CEO | Spouse | Sell | 11072025 | 18363.75 | 12,500 | 229,546,875 | 111,868,218,795 | Form |
| 13 | Wirth, James F | President & CEO | Direct | Sell | 11072025 | 15050.22 | 10,000 | 150,502,200 | 91,870,997,745 | Form |
| 14 | Wirth, James F | President & CEO | Spouse | Sell | 10312025 | 18960.00 | 12,500 | 237,000,000 | 115,927,052,160 | Form |
| 15 | Wirth, James F | President & CEO | Direct | Sell | 10312025 | 16032.00 | 10,000 | 160,320,000 | 98,224,793,472 | Form |
| 16 | Wirth, James F | President & CEO | Spouse | Sell | 10272025 | 18448.75 | 12,500 | 230,609,375 | 113,216,215,205 | Form |
| 17 | Wirth, James F | President & CEO | Direct | Sell | 10222025 | 14507.00 | 10,000 | 145,070,000 | 89,207,837,072 | Form |
| 18 | Wirth, James F | President & CEO | Spouse | Sell | 10172025 | 18625.00 | 12,500 | 232,812,500 | 114,716,888,000 | Form |
| 19 | Wirth, James F | President & CEO | Direct | Sell | 10172025 | 14500.00 | 10,000 | 145,000,000 | 89,491,042,000 | Form |
| 20 | Wirth, James F | President & CEO | Spouse | Sell | 10102025 | 20500.00 | 12,500 | 256,250,000 | 126,726,818,000 | Form |
| 21 | Wirth, James F | President & CEO | Direct | Sell | 10082025 | 17170.00 | 10,000 | 171,700,000 | 106,356,062,320 | Form |
| 22 | Wirth, James F | President & CEO | Spouse | Sell | 10082025 | 22273.75 | 12,500 | 278,421,875 | 138,192,938,030 | Form |
| 23 | Kutasi, Leslie T | Direct | Sell | 9302025 | 9248.15 | 4,999 | 46,231,502 | 739,852,000 | Form | |
| 24 | Wirth, James F | President & CEO / Chairman | Direct | Sell | 9302025 | 17900.00 | 10,000 | 179,000,000 | 111,280,648,400 | Form |
| 25 | Wirth, James F | President & CEO | Spouse | Sell | 9262025 | 22625.00 | 12,500 | 282,812,500 | 140,881,259,500 | Form |
| 26 | Kutasi, Leslie T | Direct | Sell | 9262025 | 9250.00 | 5,000 | 46,250,000 | 786,240,750 | Form | |
| 27 | Wirth, James F | President & CEO | Direct | Sell | 9232025 | 18527.00 | 10,000 | 185,270,000 | 115,595,436,992 | Form |
| 28 | Berg, Marc E | EVP & Secretary/Treasurer | Direct | Sell | 9232025 | 10575.00 | 5,000 | 52,875,000 | 459,748,125 | Form |
| 29 | Kutasi, Leslie T | Direct | Sell | 9022025 | 1.91 | 1 | 2 | 171,898 | Form |
Industry Resources
| Real Estate Resources |
| The Real Deal |
| Commercial Observer |
| Inman |
| Hotel & Resort REITs Resources |
| Hotel News Now |
| Hospitality Net |
| Lodging Magazine |
External Quote Links
| Y Finance | Barrons |
| TradingView | Morningstar |
| SeekingAlpha | ValueLine |
| Motley Fool | Robinhood |
| CNBC | Etrade |
| MarketWatch | Unusual Whales |
| YCharts | Perplexity Finance |
| FinViz |
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