INNSUITES HOSPITALITY TRUST
For the period ended Jul 31, 2026. Filed Sep 16, 2026.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Jul 31, 2026 · Filed Sep 16, 2026
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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 10-Q
☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES
EXCHANGE ACT OF 1934
For The Quarterly Period Ended July 31, 2026
or
☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES
EXCHANGE ACT OF 1934
Commission File Number 1-07062
INNSUITES HOSPITALITY TRUST
(Exact name of registrant as specified in its charter)
| Ohio | 34-6647590 |
|---|---|
| (State or other jurisdiction of incorporation or organization) | (I.R.S. Employer Identification Number) |
InnSuites Hospitality Centre
1730 E. Northern Avenue, Suite 122
Phoenix, AZ 85020
(Address of principal executive offices)
Registrant’s telephone number, including area code:(602) 944-1500
Indicate by check mark whether the registrant: (l) has filed all reports required to be filed by Section 13 or l5(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes ☐No ☒
Indicate by check mark whether the registrant has submitted electronically and posted on its corporate Web site, if any, every Interactive Data File required to be submitted and posted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit and post such files). ☐ Yes ☒No
Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company, or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company,” and “emerging growth company” in Rule 12b-2 of the Exchange Act. (Check one):
| Large accelerated filer | ☐ | Accelerated filer | ☐ |
|---|---|---|---|
| Non-accelerated filer | ☒ | ||
| Smaller reporting company | ☒ | Emerging growth company | ☐ |
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act ☐
Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes ☐ No☒
If securities are registered pursuant to Section 12(b) of the Act, indicate by check mark whether the financial statements of the registrant included in the filing reflect the correction of an error to previously issued financial statements. ☐
Indicate by check mark whether any of those error corrections are restatements that required a recovery analysis of incentive-based compensation received by any of the registrant’s executive officers during the relevant recovery period pursuant to §240.10D-1(b). ☐
Aggregate market value of Shares of Beneficial Interest held by non-affiliates of the registrant as of July 31, 2026, based upon the closing sales price of the registrant’s Shares of Beneficial Interest on that date, as reported on the NYSE AMERICAN: $3,417,091.
Number of outstanding Shares of Beneficial Interest, without par value, as of September 14, 2026:11,224,569.
Securities registered pursuant to Section 12(b) of the Act:
| Title of each class | Trading Symbol(s) | Name of each exchange on which registered |
|---|---|---|
| Shares of beneficial interest without par value | IHT | NYSE-American |
TABLE OF CONTENTS
FOR THE QUARTERLY PERIOD ENDED JULY 31, 2026
| Pages | ||
|---|---|---|
| PART I. FINANCIAL INFORMATION | ||
| Item 1 | Financial Statements | 3 |
| Condensed Consolidated Balance Sheets – January 31, 2026 (audited) and July 31, 2026(unaudited) | 3 | |
| Condensed Consolidated Statements of Operations – Six Months Ended July 31, 2026 and July 31, 2025 (unaudited) | 4 | |
| Condensed Consolidated Statements of Operations – Three Months Ended July 31, 2026 and July 31, 2025 (unaudited) | 5 | |
| Condensed Consolidated Statements of Shareholders’ Equity – Six Months Ended July 31, 2026 and July 31, 2025 (unaudited) | 6 | |
| Condensed Consolidated Statements of Cash Flows – Six Months ended July 31, 2026 and July 31, 2025 (unaudited) | 7 | |
| Notes to Condensed Consolidated Financial Statements (unaudited) | 8 | |
| Item 2 | Management’s Discussion and Analysis of Financial Condition and Results of Operations | 24 |
| Item 3 | Quantitative and Qualitative Disclosures About Market Risk | 40 |
| Item 4 | Controls and Procedures | 40 |
| PART II. OTHER INFORMATION | ||
| Item 1 | Legal Proceedings | 42 |
| Item 1A | Risk Factors | 42 |
| Item 2 | Unregistered Sales of Equity Securities and Use of Proceeds | 42 |
| Item 4 | Mine Safety Disclosures | 43 |
| Item 5 | Other Information | 43 |
| Item 6 | Exhibits | 43 |
| Signature | 44 | |
| Exhibit Index | ||
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