InnSuites Hospitality Trust Reports Third Quarter EPS of $(0.08)

InnSuites Hospitality Trust IHT Highlights

 For the three months ended October 31, 2010, the Trust reported an operating loss of $(493,000), a decline of $102,000 from the prior year period operating loss of $(391,000).

The Trust also reported a net loss attributable to controlling interest of $(675,000), or $(0.08) per basic and diluted share, for the three months ended October 31, 2010, declining from $(522,000), or $(0.06) per basic and diluted share, in the prior year period. Decreased hotel revenues, reflecting weakened economic conditions, were the primary driver of the decreased income figures.