Highlands REIT, Inc. Reports Earnings Results for the Full Year Ended December 31, 2021
March 16, 2022 at 05:20 pm EDT
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Highlands REIT, Inc. reported earnings results for the full year ended December 31, 2021. For the full year, the company reported sales was USD 27.69 million compared to USD 27.23 million a year ago. Revenue was USD 28.63 million compared to USD 28.94 million a year ago.
Net loss was USD 13.05 million compared to USD 33.59 million a year ago. Basic loss per share from continuing operations was USD 0.01 compared to USD 0.04 a year ago.
Highlands REIT, Inc. is a self-advised and self-administered real estate investment trust (REIT). The Company owns and manages substantially all of the non-core investment properties. The Company operates through two segments: multi-family and other. The Company's portfolio of investment properties consisted of 13 multi-family, three retail, one office and two industrial properties, one correctional facility and one parcel of unimproved land, which are all located in the United States. The Company's properties include 1620 Central, Buerger Brothers Lofts, Chamber Lofts, Kenilworth Court, Tennyson44, The Detroit and Detroit Terraces, The Lafayette, The Locale, The Muse, The Sterling, Hudson Correctional Facility, Market at Hilliard, The Q Lofts, Sherman Plaza and others.
HIGHLANDS REIT, INC. 