Highlands REIT (OTCMKTS:HHDS) Announces Quarterly Earnings Results

Highlands REIT (OTCMKTS:HHDS) released its quarterly earnings data on Wednesday. The company reported ($0.01) earnings per share (EPS) for the quarter, Zacks reports. Highlands REIT had a negative return on equity of 4.66% and a negative net margin of 25.09%.The business had revenue of $9.36 million during the quarter.

Highlands REIT Stock Performance

Shares of OTCMKTS:HHDS remained flat at $0.10 during midday trading on Thursday. The company’s 50 day simple moving average is $0.05 and its two-hundred day simple moving average is $0.06. The company has a debt-to-equity ratio of 0.62, a quick ratio of 3.17 and a current ratio of 3.17. Highlands REIT has a 1-year low of $0.01 and a 1-year high of $0.90. The firm has a market cap of $69.70 million, a PE ratio of 9.70 and a beta of 21.36.

Highlands REIT Company Profile

We are a self-advised and self-administered real estate investment trust (REIT) created to own and manage substantially all of the non-core investment properties previously owned and managed by our former parent, InvenTrust Properties Corp., a Maryland corporation (InvenTrust). On April 28, 2016, we were spun-off from InvenTrust through a pro rata distribution (the Distribution) by InvenTrust of 100% of the outstanding shares of our common stock to holders of InvenTrust's common stock. Prior to or concurrent with the separation, we and InvenTrust engaged in certain reorganization transactions that were designed to consolidate substantially all of InvenTrust's remaining non-core investment properties in Highlands.