v3.26.1
Consolidated Balance Sheets (unaudited) - USD ($)
$ in Thousands
Jun. 30, 2026
Dec. 31, 2025
Investment properties    
Land $ 83,792 $ 83,792
Building and other improvements 299,201 298,845
Construction in progress 101 64
Total 383,094 382,701
Less accumulated depreciation (103,953) (98,361)
Net investment properties 279,141 284,340
Cash and cash equivalents 44,514 19,504
Restricted cash and escrows 2,034 2,234
Accounts receivable (net of allowance of $226 and $292 as of June 30, 2026 and December 31, 2025, respectively) 8,278 8,068
Intangible assets, net 143 164
Deferred costs and other assets, net 6,187 5,935
Total assets 340,297 320,245
Liabilities    
Debt, net 144,520 120,135
Accounts payable and accrued expenses 7,473 6,076
Other liabilities 1,684 1,887
Total liabilities 153,677 128,098
Commitments and contingencies (see Note 11)
Stockholders’ Equity    
Common stock, $0.01 par value, 1,000,000 shares authorized, 722,651 and 722,203 shares issued and outstanding as of June 30, 2026 and December 31, 2025, respectively 7,226 7,222
Additional paid-in capital 1,390,230 1,390,104
Accumulated distributions in excess of net income (1,209,934) (1,203,970)
Accumulated other comprehensive income (loss) 214 (101)
Total Highlands REIT, Inc. stockholders’ equity 187,736 193,255
Noncontrolling interests (1,116) (1,108)
Total equity 186,620 192,147
Total liabilities and equity $ 340,297 $ 320,245
Common stock, shares issued 722,651,000 722,203,000
Common stock, shares outstanding 722,651,000 722,203,000