InnSuites Hospitality Trust
IHT Real Estate Reit Hotel & Motel
InnSuites Hospitality Trust’s revenue for fiscal 2026 (year ended January 2026) was $7.6 million, roughly unchanged from fiscal 2025. In the quarter to July 2026, revenue grew 2.10%, EPS grew 50.0%, free cash flow grew 49.8% and total debt rose 8.83%, each against the same quarter a year earlier. Dividend growth for ten consecutive years.
Follow IHT
InnSuites Hospitality Trust (IHT) Beneish M-score
InnSuites Hospitality Trust's Beneish M-score for fiscal 2026 cannot be worked out: not meaningful for banks, insurers and REITs.
Beneish M-score, annual
Annual newest first
| Period | Beneish M-score | Change (points) |
|---|
How fiscal 2026’s score is made up
| Component | This year | Year before | Result | Points |
|---|---|---|---|---|
| Days’ sales in receivables index | 0.93 | — | 0.86 | |
| Gross margin index | 0.99 | — | 0.52 | |
| Asset quality index | 0.97 | — | 0.39 | |
| Sales growth index | 1.00 | — | 0.89 | |
| Depreciation index | 0.91 | — | 0.11 | |
| SG&A index | 0.99 | — | −0.17 | |
| Total accruals to total assets | (0.10) | — | −0.46 | |
| Leverage index | 1.15 | — | −0.37 | |
| Beneish M-score | n/a — not meaningful for banks, insurers and REITs | — | ||
How the Beneish M-score works
M = −4.84 + 0.920 × DSRI + 0.528 × GMI + 0.404 × AQI + 0.892 × SGI + 0.115 × DEPI − 0.172 × SGAI + 4.679 × TATA − 0.327 × LVGI (Beneish, 1999): eight changes in the accounts from one fiscal year to the next, which the model weighs for the pattern seen in companies that later restated their earnings. Higher is worse.
| below −2.22 | Low — no pattern the model associates with manipulation |
|---|---|
| −2.22 to −1.78 | Elevated |
| above −1.78 | Flagged by the model |
−1.78 is the cut-off usually quoted from the paper, −2.22 a common conservative one. A statistical screen, not a finding of wrongdoing.
When asset quality, depreciation or SG&A cannot be worked out, that index is set to 1, as Beneish did, and the breakdown says so; with all three missing there is no score. Depreciation includes amortisation, and asset quality leaves out securities. Not worked out for banks, insurers and REITs.
Beneish M-score against peers
| Company | Beneish M-score |
|---|---|
| IHT InnSuites Hospitality Trust | — |
| BHR BRAEMAR HOTELS & RESORTS INC. compare | — |
| CLDT Chatham Lodging Trust (REIT) compare | — |
| RLJ RLJ Lodging Trust compare | — |
| SVC Service Properties Trust compare | — |
| AHT Ashford Hospitality Trust Inc compare | — |
| INN Summit Hotel Properties, Inc. compare | — |
| PEB Pebblebrook Hotel Trust compare | — |
| XHR Xenia Hotels & Resorts, Inc. compare | — |
What Beneish M-score is
The Beneish M-Score combines eight year-on-year changes in the accounts into a statistical screen for patterns seen in companies that overstated earnings.
−4.84 + 0.920 × DSRI + 0.528 × GMI + 0.404 × AQI + 0.892 × SGI + 0.115 × DEPI − 0.172 × SGAI + 4.679 × TATA − 0.327 × LVGI