Highlands REIT, Inc. Reports Earnings Results for the Second Quarter Ended June 30, 2021
August 12, 2021 at 03:13 pm EDT
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Highlands REIT, Inc. announced earnings results for the second quarter ended June 30, 2021. For the second quarter, the company announced total revenue was USD 7.108 million compared to USD 5.873 million a year ago. Operating loss was USD 1.331 million compared to USD 3.138 million a year ago. Net loss was USD 2.029 million compared to USD 4.148 million a year ago. For the half year, total revenue was USD 14.115 million compared to USD 15.159 million a year ago. Operating loss was USD 4.919 million compared to USD 5.473 million a year ago. Net loss was USD 6.707 million compared to USD 7.349 million a year ago. Basic loss per share from continuing operations was USD 0.01 compared to 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. 
