Highlands REIT (OTCMKTS:HHDS) Announces Quarterly Earnings Results

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

Highlands REIT Price Performance

Shares of OTCMKTS:HHDS remained flat at $0.10 on Thursday. The stock’s 50-day simple moving average is $0.05 and its 200-day simple moving average is $0.06. The company has a quick ratio of 3.17, a current ratio of 3.17 and a debt-to-equity ratio of 0.62. Highlands REIT has a 1-year low of $0.01 and a 1-year high of $0.90. The stock has a market cap of $69.70 million, a P/E ratio of 9.70 and a beta of 21.36.

About Highlands REIT

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.