Highlands Reit, Inc. Reports Earnings Results for the First Quarter Ended March 31, 2020
May 14, 2020 at 11:14 am
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Highlands REIT, Inc. announced earnings results for the first quarter ended March 31, 2020. For the first quarter, the company announced total revenue was USD 9.286 million compared to USD 10.257 million a year ago. Operating loss was USD 2.335 million compared to USD 66,000 a year ago. Net loss was USD 3.201 million compared to USD 455,000 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. 
