InnSuites Hospitality Trust (IHT)
Market Price (7/29/2026): $1.73 | Market Cap: $16.1 MilSector: Real Estate | Industry: Hotel & Resort REITs
InnSuites Hospitality Trust (IHT)
Market Price (7/29/2026): $1.73Market Cap: $16.1 MilSector: 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 -9.8%, 3Y Excs Rtn is -68% | Not profitable at operating income levelOp Inc LTMOperating Income, Last Twelve Months is -0.6 Mil, Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is -8.1% Debt is significantNet D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is 86% Weak revenue growthRev Chg QQuarterly Revenue Change % is -0.6% Not cash flow generativeCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is -4.4%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is -4.4% Valuation getting more expensiveP/S 6M Chg %Price/Sales change over 6 months. Declining P/S indicates valuation has become less expensive. is 83% Yield minus risk free rate is negativeERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -12% Key risksIHT key risks include [1] significant financial instability, Show more. |
| Weak multi-year price returns2Y Excs Rtn is -9.8%, 3Y Excs Rtn is -68% |
| Not profitable at operating income levelOp Inc LTMOperating Income, Last Twelve Months is -0.6 Mil, Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is -8.1% |
| Debt is significantNet D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is 86% |
| Weak revenue growthRev Chg QQuarterly Revenue Change % is -0.6% |
| Not cash flow generativeCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is -4.4%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is -4.4% |
| Valuation getting more expensiveP/S 6M Chg %Price/Sales change over 6 months. Declining P/S indicates valuation has become less expensive. is 83% |
| Yield minus risk free rate is negativeERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -12% |
| Key risksIHT key risks include [1] significant financial instability, Show more. |
Qualitative Assessment
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InnSuites Hospitality Trust (IHT) stock has gained about 70% since 3/31/2026 because of the following key factors:
1. Improved fiscal performance in the initial periods of fiscal year 2027.
InnSuites Hospitality Trust reported positive financial results after March 31, 2026. Specifically, the company recorded a consolidated net income of $307,326 before certain non-cash items for fiscal Q1 2027, which began May 1, 2026. Additionally, combined hotel revenue for the first four fiscal months of 2027 reached approximately $2.9 million. This suggests an upturn in operational profitability and revenue generation for the company.
2. Strategic diversification initiatives and potential corporate restructuring.
The Trust has actively pursued diversification, including an investment in UniGen Power, a clean energy company, where IHT anticipates holding a 15-20% ownership stake. Furthermore, RRF LLLP, IHT's management subsidiary, secured management rights for IBC Hotels LLC, which includes a five-year purchase option. Ongoing discussions regarding a potential reverse merger also indicate strategic moves aimed at enhancing future value and operational scope.
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InnSuites Hospitality Trust (IHT) stock has gained about 70% since 3/31/2026 because of the following key factors:
1. Improved fiscal performance in the initial periods of fiscal year 2027.
InnSuites Hospitality Trust reported positive financial results after March 31, 2026. Specifically, the company recorded a consolidated net income of $307,326 before certain non-cash items for fiscal Q1 2027, which began May 1, 2026. Additionally, combined hotel revenue for the first four fiscal months of 2027 reached approximately $2.9 million. This suggests an upturn in operational profitability and revenue generation for the company.
2. Strategic diversification initiatives and potential corporate restructuring.
The Trust has actively pursued diversification, including an investment in UniGen Power, a clean energy company, where IHT anticipates holding a 15-20% ownership stake. Furthermore, RRF LLLP, IHT's management subsidiary, secured management rights for IBC Hotels LLC, which includes a five-year purchase option. Ongoing discussions regarding a potential reverse merger also indicate strategic moves aimed at enhancing future value and operational scope.
3. Recovery from a 52-week low.
InnSuites Hospitality Trust's stock experienced a significant rebound from its 52-week low of $0.95, recorded around February 19, 2026. The increase from this low point to recent trading prices around $1.75-$1.82 per share indicates a substantial recovery and renewed investor confidence following earlier valuation challenges.
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Stock Movement Drivers
Fundamental Drivers
The 71.3% change in IHT stock from 3/31/2026 to 7/28/2026 was primarily driven by a 78.5% change in the company's P/S Multiple.| (LTM values as of) | 3312026 | 7282026 | Change |
|---|---|---|---|
| Stock Price ($) | 1.01 | 1.73 | 71.3% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 7 | 8 | 1.5% |
| P/S Multiple | 1.2 | 2.1 | 78.5% |
| Shares Outstanding (Mil) | 9 | 9 | -5.5% |
| Cumulative Contribution | 71.3% |
Market Drivers
3/31/2026 to 7/28/2026| Return | Correlation | |
|---|---|---|
| IHT | 71.3% | |
| Market (SPY) | 13.9% | 15.2% |
| Sector (XLRE) | 12.7% | 5.9% |
Fundamental Drivers
The 30.3% change in IHT stock from 12/31/2025 to 7/28/2026 was primarily driven by a 35.8% change in the company's P/S Multiple.| (LTM values as of) | 12312025 | 7282026 | Change |
|---|---|---|---|
| Stock Price ($) | 1.33 | 1.73 | 30.3% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 7 | 8 | 1.5% |
| P/S Multiple | 1.6 | 2.1 | 35.8% |
| Shares Outstanding (Mil) | 9 | 9 | -5.5% |
| Cumulative Contribution | 30.3% |
Market Drivers
12/31/2025 to 7/28/2026| Return | Correlation | |
|---|---|---|
| IHT | 30.3% | |
| Market (SPY) | 8.9% | 17.3% |
| Sector (XLRE) | 14.8% | 10.5% |
Fundamental Drivers
The -22.1% change in IHT stock from 6/30/2025 to 7/28/2026 was primarily driven by a -16.6% change in the company's P/S Multiple.| (LTM values as of) | 6302025 | 7282026 | Change |
|---|---|---|---|
| Stock Price ($) | 2.22 | 1.73 | -22.1% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 8 | 8 | 0.7% |
| P/S Multiple | 2.6 | 2.1 | -16.6% |
| Shares Outstanding (Mil) | 9 | 9 | -7.1% |
| Cumulative Contribution | -22.1% |
Market Drivers
6/30/2025 to 7/28/2026| Return | Correlation | |
|---|---|---|
| IHT | -22.1% | |
| Market (SPY) | 20.9% | 15.0% |
| Sector (XLRE) | 13.9% | 6.6% |
Fundamental Drivers
The -25.0% change in IHT stock from 6/30/2023 to 7/28/2026 was primarily driven by a -25.8% change in the company's P/S Multiple.| (LTM values as of) | 6302023 | 7282026 | Change |
|---|---|---|---|
| Stock Price ($) | 2.31 | 1.73 | -25.0% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 7 | 8 | 4.7% |
| P/S Multiple | 2.9 | 2.1 | -25.8% |
| Shares Outstanding (Mil) | 9 | 9 | -3.4% |
| Cumulative Contribution | -25.0% |
Market Drivers
6/30/2023 to 7/28/2026| Return | Correlation | |
|---|---|---|
| IHT | -25.0% | |
| Market (SPY) | 73.0% | 8.6% |
| Sector (XLRE) | 34.1% | 6.3% |
Price Returns Compared
| 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| IHT Return | -0% | -23% | 2% | 30% | -37% | 29% | -18% |
| Peers Return | 31% | -17% | 21% | 10% | -17% | 33% | 60% |
| S&P 500 Return | 27% | -19% | 24% | 23% | 16% | 8% | 97% |
Monthly Win Rates [3] | |||||||
| IHT Win Rate | 33% | 42% | 33% | 50% | 42% | 57% | |
| Peers Win Rate | 55% | 38% | 55% | 53% | 47% | 71% | |
| S&P 500 Win Rate | 75% | 42% | 67% | 75% | 67% | 43% | |
Max Drawdowns [4] | |||||||
| IHT Max Drawdown | -81% | -67% | -70% | -27% | -62% | -27% | |
| Peers Max Drawdown | -18% | -33% | -22% | -19% | -35% | -14% | |
| 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 7/28/2026 (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.
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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.
Latest Trefis Analyses
| Title | Date | |
|---|---|---|
| DASHBOARDS | ||
| With InnSuites Hospitality Trust Stock Sliding, Have You Assessed The Risk? | 10/17/2025 |
| Title | |
|---|---|
| ARTICLES |
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Peer Comparisons
| Peers to compare with: |
Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 21.14 |
| Mkt Cap | 4.6 |
| Rev LTM | 1,513 |
| Op Inc LTM | 342 |
| FCF LTM | 187 |
| FCF 3Y Avg | 217 |
| CFO LTM | 370 |
| CFO 3Y Avg | 360 |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | 0.1% |
| Rev Chg 3Y Avg | 2.2% |
| Rev Chg Q | 0.9% |
| QoQ Delta Rev Chg LTM | 0.2% |
| Op Inc Chg LTM | -8.0% |
| Op Inc Chg 3Y Avg | -1.7% |
| Op Mgn LTM | 15.9% |
| Op Mgn 3Y Avg | 16.2% |
| QoQ Delta Op Mgn LTM | 0.1% |
| CFO/Rev LTM | 19.9% |
| CFO/Rev 3Y Avg | 20.6% |
| FCF/Rev LTM | 10.6% |
| FCF/Rev 3Y Avg | 12.3% |
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 | $1.73 | |
| Market Cap ($ Bil) | 0.0 | |
| First Trading Date | 12/30/1987 | |
| Distance from 52W High | -47.4% | |
| 50 Days | 200 Days | |
| DMA Price | $1.64 | $1.36 |
| DMA Trend | down | up |
| Distance from DMA | 5.7% | 27.3% |
| 3M | 1YR | |
| Volatility | 70.1% | 94.5% |
| Downside Capture | -178.62 | 148.95 |
| Upside Capture | 51.93 | 94.92 |
| Correlation (SPY) | 7.0% | 15.4% |
| 1M | 2M | 3M | 6M | 1Y | 3Y | |
|---|---|---|---|---|---|---|
| Beta | 0.88 | 0.59 | 0.75 | 0.79 | 1.20 | 0.45 |
| Up Beta | 0.96 | 1.09 | 1.24 | 1.27 | 0.62 | 0.33 |
| Down Beta | 1.83 | 2.88 | 2.20 | 1.58 | 1.32 | 0.30 |
| Up Capture | 115% | 115% | 108% | 56% | 98% | 19% |
| Bmk +ve Days | 11 | 24 | 40 | 67 | 140 | 429 |
| Stock +ve Days | 10 | 22 | 32 | 57 | 105 | 325 |
| Down Capture | -5% | -225% | -149% | 1% | 141% | 90% |
| Bmk -ve Days | 10 | 17 | 23 | 58 | 112 | 321 |
| Stock -ve Days | 11 | 18 | 30 | 57 | 122 | 356 |
[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 | -18.8% | 94.7% | 0.15 | - |
| Sector ETF (XLRE) | 10.3% | 14.4% | 0.46 | 7.0% |
| Equity (SPY) | 17.3% | 12.7% | 0.99 | 15.1% |
| Gold (GLD) | 20.2% | 28.1% | 0.64 | 1.3% |
| Commodities (DBC) | 29.1% | 19.5% | 1.19 | -0.4% |
| Real Estate (VNQ) | 14.4% | 14.1% | 0.72 | 6.5% |
| Bitcoin (BTCUSD) | -46.4% | 42.9% | -1.33 | 4.9% |
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Based On 5-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with IHT | |
|---|---|---|---|---|
| IHT | -19.1% | 88.7% | 0.14 | - |
| Sector ETF (XLRE) | 3.1% | 19.1% | 0.06 | 5.1% |
| Equity (SPY) | 12.9% | 17.1% | 0.58 | 8.3% |
| Gold (GLD) | 16.9% | 18.4% | 0.74 | 4.2% |
| Commodities (DBC) | 9.1% | 19.5% | 0.36 | 3.4% |
| Real Estate (VNQ) | 2.9% | 18.9% | 0.05 | 5.9% |
| Bitcoin (BTCUSD) | 16.2% | 53.4% | 0.48 | 6.0% |
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Based On 10-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with IHT | |
|---|---|---|---|---|
| IHT | -1.4% | 95.8% | 0.40 | - |
| Sector ETF (XLRE) | 6.5% | 20.4% | 0.27 | 6.0% |
| Equity (SPY) | 14.9% | 17.9% | 0.71 | 6.9% |
| Gold (GLD) | 11.3% | 16.1% | 0.57 | 1.6% |
| Commodities (DBC) | 6.8% | 18.0% | 0.30 | 2.4% |
| Real Estate (VNQ) | 5.2% | 20.7% | 0.21 | 6.3% |
| Bitcoin (BTCUSD) | 57.5% | 66.2% | 0.98 | 3.9% |
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Returns Analyses
SEC Filings
Expand for More| Report Date | Filing Date | Filing |
|---|---|---|
| 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 |
| Report Date | Filing Date | Filing |
|---|---|---|
| 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 |
| 07/31/2019 | 09/16/2019 | 10-Q |
Insider Activity
Updated 4/26/2026| # | Owner | Title | Holding | Action | Filing Date | Price | Shares | Transacted Value | Value of Held Shares | Form |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Wirth, James F | President & CEO | Direct | Sell | 2272026 | 9407.32 | 8,822 | 82,991,377 | 56,675,462,367 | Form |
| 2 | Wirth, James F | President & CEO | Direct | Sell | 11262025 | 10237.33 | 7,931 | 81,192,264 | 61,766,265,129 | Form |
| 3 | Wirth, James F | President & CEO | Direct | Sell | 11262025 | 10497.73 | 7,930 | 83,246,999 | 63,420,629,099 | Form |
| 4 | Wirth, James F | President & CEO | Direct | Sell | 11192025 | 13706.00 | 10,000 | 137,060,000 | 82,911,650,976 | Form |
| 5 | Wirth, James F | President & CEO | Direct | Sell | 11182025 | 14392.00 | 10,000 | 143,920,000 | 87,205,388,032 | Form |
| # | Owner | Title | Holding | Action | Filing Date | Price | Shares | Transacted Value | Value of Held Shares | Form |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Wirth, James F | President & CEO | Direct | Sell | 2272026 | 9407.32 | 8,822 | 82,991,377 | 56,675,462,367 | Form |
| 2 | Wirth, James F | President & CEO | Direct | Sell | 11262025 | 10237.33 | 7,931 | 81,192,264 | 61,766,265,129 | Form |
| 3 | Wirth, James F | President & CEO | Direct | Sell | 11262025 | 10497.73 | 7,930 | 83,246,999 | 63,420,629,099 | Form |
| 4 | Wirth, James F | President & CEO | Direct | Sell | 11192025 | 13706.00 | 10,000 | 137,060,000 | 82,911,650,976 | Form |
| 5 | Wirth, James F | President & CEO | Direct | Sell | 11182025 | 14392.00 | 10,000 | 143,920,000 | 87,205,388,032 | Form |
| 6 | Wirth, James F | President & CEO | Spouse | Sell | 11142025 | 18090.00 | 12,500 | 226,125,000 | 109,793,564,640 | Form |
| 7 | Wirth, James F | President & CEO | Direct | Sell | 11142025 | 14561.00 | 10,000 | 145,610,000 | 88,557,031,556 | Form |
| 8 | Wirth, James F | President & CEO | Spouse | Sell | 11072025 | 18363.75 | 12,500 | 229,546,875 | 111,868,218,795 | Form |
| 9 | Wirth, James F | President & CEO | Direct | Sell | 11072025 | 15050.22 | 10,000 | 150,502,200 | 91,870,997,745 | Form |
| 10 | Wirth, James F | President & CEO | Spouse | Sell | 10312025 | 18960.00 | 12,500 | 237,000,000 | 115,927,052,160 | Form |
| 11 | Wirth, James F | President & CEO | Direct | Sell | 10312025 | 16032.00 | 10,000 | 160,320,000 | 98,224,793,472 | Form |
| 12 | Wirth, James F | President & CEO | Spouse | Sell | 10272025 | 18448.75 | 12,500 | 230,609,375 | 113,216,215,205 | Form |
| 13 | Wirth, James F | President & CEO | Direct | Sell | 10222025 | 14507.00 | 10,000 | 145,070,000 | 89,207,837,072 | Form |
| 14 | Wirth, James F | President & CEO | Spouse | Sell | 10172025 | 18625.00 | 12,500 | 232,812,500 | 114,716,888,000 | Form |
| 15 | Wirth, James F | President & CEO | Direct | Sell | 10172025 | 14500.00 | 10,000 | 145,000,000 | 89,491,042,000 | Form |
| 16 | Wirth, James F | President & CEO | Spouse | Sell | 10102025 | 20500.00 | 12,500 | 256,250,000 | 126,726,818,000 | Form |
| 17 | Wirth, James F | President & CEO | Direct | Sell | 10082025 | 17170.00 | 10,000 | 171,700,000 | 106,356,062,320 | Form |
| 18 | Wirth, James F | President & CEO | Spouse | Sell | 10082025 | 22273.75 | 12,500 | 278,421,875 | 138,192,938,030 | Form |
| 19 | Kutasi, Leslie T | Direct | Sell | 9302025 | 9248.15 | 4,999 | 46,231,502 | 739,852,000 | Form | |
| 20 | Wirth, James F | President & CEO / Chairman | Direct | Sell | 9302025 | 17900.00 | 10,000 | 179,000,000 | 111,280,648,400 | Form |
| 21 | Wirth, James F | President & CEO | Spouse | Sell | 9262025 | 22625.00 | 12,500 | 282,812,500 | 140,881,259,500 | Form |
| 22 | Kutasi, Leslie T | Direct | Sell | 9262025 | 9250.00 | 5,000 | 46,250,000 | 786,240,750 | Form | |
| 23 | Wirth, James F | President & CEO | Direct | Sell | 9232025 | 18527.00 | 10,000 | 185,270,000 | 115,595,436,992 | Form |
| 24 | Berg, Marc E | EVP & Secretary/Treasurer | Direct | Sell | 9232025 | 10575.00 | 5,000 | 52,875,000 | 459,748,125 | Form |
| 25 | Kutasi, Leslie T | Direct | Sell | 9022025 | 1.91 | 1 | 2 | 171,898 | Form | |
| 26 | Kutasi, Leslie T | Direct | Sell | 8222025 | 2952.09 | 1,546 | 4,563,931 | 265,688,100 | Form | |
| 27 | Kutasi, Leslie T | Direct | Sell | 6022025 | 5648.03 | 2,500 | 14,120,075 | 517,054,554 | Form | |
| 28 | Kutasi, Leslie T | Direct | Sell | 5292025 | 2096.30 | 911 | 1,909,729 | 197,148,630 | Form | |
| 29 | Kutasi, Leslie T | Direct | Sell | 5222025 | 11206.64 | 4,533 | 50,799,699 | 1,064,148,914 | Form | |
| 30 | Kutasi, Leslie T | Direct | Sell | 5162025 | 3756.66 | 1,510 | 5,672,557 | 373,750,103 | 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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