Horizon Group Properties, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2021
January 19, 2022 at 08:36 pm IST
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Horizon Group Properties, Inc. reported earnings results for the third quarter and nine months ended September 30, 2021. For the third quarter, the company reported sales was USD 0.101 million compared to USD 0.101 million a year ago. Revenue was USD 1.15 million compared to USD 0.605 million a year ago. Net income was USD 12.27 million compared to net loss of USD 2.2 million a year ago.
For the nine months, sales was USD 0.292 million compared to USD 0.321 million a year ago. Revenue was USD 2.9 million compared to USD 1.73 million a year ago. Net income was USD 10.09 million compared to net loss of USD 6.19 million a year ago.
Horizon Group Properties, Inc. is an owner and developer of outlet shopping centers in the United States, third party property manager, and developer of a master-planned community in suburban Chicago. It owns, leases, and manages designer outlet shopping centers across the United States. It provides a range of services, including leasing, management/operations, accounting/financial reporting, marketing, strategic/master planning, retailer relationships, acquisitions/mergers, tenant coordination and development/construction/tenant coordination. It owns several restaurant franchises and designs and built a full-service craft pizza and craft beer restaurant. Its portfolio includes the Outlet Shoppes at Atlanta, the Outlet Shoppes of the Bluegrass, the Outlet Shoppes at Gettysburg, the Outlet Shoppes at Laredo, the Outlet Shoppes at El Paso and Outlets at the Dells. It offers a shopping destination for tourists to the Lincoln City, Oregon coast and residents of the surrounding communities.
HORIZON GROUP PROPERTIES, INC. 