Highlands Reit, Inc. Reports Earnings Results for the Third Quarter Ended September 30, 2020
November 10, 2020 at 03:22 pm
Share
Highlands REIT, Inc. announced earnings results for the third quarter ended September 30, 2020. For the third quarter, the company announced total revenue was USD 6.616 million compared to USD 9.198 million a year ago. Operating loss was USD 4.117 million compared to operating Income of USD 995,000 a year ago. Net loss was USD 5.167 million compared to net income of USD 508,000 a year ago. Basic loss per share from continuing operations was USD 0.01 compared to Basic EPS - Continuing Operations of USD 0 a year ago. For the nine months, total revenue was USD 21.775 million compared to USD 29.857 million a year ago. Operating loss was USD 9.590 million compared to operating Income of USD 11.059 million a year ago. Net loss was USD 12.516 million compared to net income of USD 9.574 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. 
