Highlands REIT, Inc. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2022
August 11, 2022 at 04:11 pm EDT
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Highlands REIT, Inc. reported earnings results for the second quarter and six months ended June 30, 2022. For the second quarter, the company reported sales was USD 7.35 million compared to USD 6.9 million a year ago. Revenue was USD 7.58 million compared to USD 7.11 million a year ago. Net loss was USD 1.58 million compared to USD 2.03 million a year ago.
For the six months, sales was USD 15.31 million compared to USD 13.66 million a year ago. Revenue was USD 15.75 million compared to USD 14.12 million a year ago. Net loss was USD 2.47 million compared to USD 6.71 million 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.