v3.25.4
Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2025
Dec. 31, 2024
Investment properties    
Land $ 83,792 $ 83,792
Building and other improvements 298,845 289,126
Construction in progress 64 3,663
Total 382,701 376,581
Less accumulated depreciation (98,361) (87,211)
Net investment properties 284,340 289,370
Cash and cash equivalents 19,504 29,864
Restricted cash and escrows 2,234 4,364
Accounts receivable (net of allowance of $292 and $139 as of December 31, 2025 and 2024, respectively) 8,068 6,909
Intangible assets, net 164 205
Deferred costs and other assets, net 5,935 6,028
Total assets 320,245 336,740
Liabilities    
Debt, net 120,135 120,713
Accounts payable and accrued expenses 6,076 9,867
Other liabilities 1,887 2,315
Total liabilities 128,098 132,895
Commitments and contingencies (See note 13)
Stockholders’ Equity    
Common stock, $0.01 par value, $1,000,000 shares authorized, 722,203 and 724,321 shares issued and outstanding as of December 31, 2025 and 2024, respectively 7,222 7,243
Additional paid-in capital 1,390,104 1,390,536
Accumulated distributions in excess of net income (1,203,970) (1,192,873)
Accumulated other comprehensive income (loss) (101) 47
Total Highlands REIT, Inc. stockholders’ equity 193,255 204,953
Noncontrolling interests (1,108) (1,108)
Total equity 192,147 203,845
Total liabilities and equity $ 320,245 $ 336,740