Highlands REIT, Inc. Reports Earnings Results for the First Quarter Ended March 31, 2024
May 10, 2024 at 12:01 am IST
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Highlands REIT, Inc. reported earnings results for the first quarter ended March 31, 2024. For the first quarter, the company reported sales was USD 9.02 million compared to USD 7.42 million a year ago. Revenue was USD 9.25 million compared to USD 7.63 million a year ago.
Net income was USD 5.04 million compared to net loss of USD 1.72 million a year ago. Basic earnings per share from continuing operations was USD 0.01. Diluted earnings per share from continuing operations was USD 0.01.
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. 