Highlands REIT (OTCMKTS:HHDS) Posts Quarterly Earnings Results

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

Highlands REIT Stock Performance

OTCMKTS:HHDS opened at $0.10 on Thursday. Highlands REIT has a 1 year low of $0.01 and a 1 year high of $0.90. The firm has a 50 day moving average of $0.05 and a 200-day moving average of $0.06. The company has a current ratio of 3.17, a quick ratio of 3.17 and a debt-to-equity ratio of 0.62. The stock has a market capitalization of $69.68 million, a P/E 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.