References to “Highlands,” “the Company,” “we” or “us” are to Highlands REIT Inc., as well as all of Highlands’ wholly-owned and consolidated subsidiaries. We are a self-advised and self-administered real estate investment trust (“REIT”) created to own and manage substantially all of the “non-core” assets 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
Company profile
Ticker
HHDS
Exchange
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
SEC CIK
Corporate docs
Subsidiaries
1560 Downing LLC • 1620 Central LLC • 355 Trimble Owner LLC • 455 Trimble Owner LLC • Champa Street Lofts, LLC • Detroit Street Denver LLC • Highlands Property Management, LLC • HRI Vue Venture LLC • IA New Ulm Atlas, L.L.C. • IA Orlando Palazzo, L.L.C. ...
Latest filings (excl ownership)
DEFA14A
Additional proxy soliciting materials
19 Mar 24
DEF 14A
Definitive proxy
19 Mar 24
10-K
2023 FY
Annual report
14 Mar 24
8-K
Other Events
21 Dec 23
SC TO-I/A
Issuer tender offer statement (amended)
8 Dec 23
SC TO-I/A
Issuer tender offer statement (amended)
20 Nov 23
CORRESP
Correspondence with SEC
20 Nov 23
UPLOAD
Letter from SEC
10 Nov 23
SC TO-I/A
Issuer tender offer statement (amended)
8 Nov 23
10-Q
2023 Q3
Quarterly report
8 Nov 23
Latest ownership filings
Financial summary
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Diluted EPS |
Annual (USD) | Dec 22 | Dec 21 | Dec 20 | Dec 19 | |
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Diluted EPS |
Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
---|---|---|---|---|---|---|
Cash on hand (at last report) | 35.36 mm | 35.36 mm | 35.36 mm | 35.36 mm | 35.36 mm | 35.36 mm |
Cash burn (monthly) | 6.88 mm | (no burn) | 328.33 k | 527.08 k | (no burn) | (no burn) |
Cash used (since last report) | 45.77 mm | n/a | 2.18 mm | 3.51 mm | n/a | n/a |
Cash remaining | -10.40 mm | n/a | 33.18 mm | 31.86 mm | n/a | n/a |
Runway (months of cash) | -1.5 | n/a | 101.0 | 60.4 | n/a | n/a |
Recent insider trades
Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
---|---|---|---|---|---|---|---|---|---|---|
15 Dec 23 | Kimberly A Karas | Common Stock | Grant | Dispose A | No | No | 0.32 | 138,438 | 44.30 k | 808,741 |
15 Dec 23 | Kimberly A Karas | Common Stock | Grant | Acquire A | No | No | 0 | 312,500 | 0.00 | 947,179 |
15 Dec 23 | Lange Robert J. | Common Stock | Grant | Dispose A | No | No | 0.32 | 553,750 | 177.20 k | 8,109,282 |
15 Dec 23 | Lange Robert J. | Common Stock | Grant | Acquire A | No | No | 0 | 1,250,000 | 0.00 | 8,663,032 |
15 Dec 23 | Richard Vance | Common Stock | Grant | Dispose A | No | No | 0.32 | 1,107,500 | 354.40 k | 15,487,241 |
15 Dec 23 | Richard Vance | Common Stock | Grant | Acquire A | No | No | 0 | 2,500,000 | 0.00 | 16,594,741 |
8 Jun 23 | Turner R. David | Common Stock | Grant | Acquire A | No | No | 0 | 178,572 | 0.00 | 1,244,567 |
8 Jun 23 | Shekell Jeffrey L. | Common Stock | Grant | Acquire A | No | No | 0 | 178,572 | 0.00 | 962,821 |