Highlands Reit, Inc. Reports Earnings Results for the Second Quarter Ended June 30, 2020
August 12, 2020 at 12:47 pm
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Highlands REIT, Inc. announced earnings results for the second quarter ended June 30, 2020. For the second quarter, the company announced total revenue was USD 5.873 million compared to USD 10.401 million a year ago. Operating loss was USD 3.138 million compared to operating Income of USD 10.129 million a year ago. Net loss was USD 4.148 million compared to net income of USD 9.521 million a year ago. Basic eps - continuing operations was USD 0 compared to USD 0.01 a year ago. For the half year, total revenue was USD 15.159 million compared to USD 20.659 million a year ago. Operating loss was USD 5.473 million compared to operating Income of USD 10.064 million a year ago. Net loss was USD 7.349 million compared to net income of USD 9.066 million a year ago. Basic loss per share from continuing operations was USD 0.01 compared to basic earnings per share from continuing operations of USD 0.01 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. 
