Highlands REIT, Inc.
Real Estate · Real Estate Investment Trusts · MD · SEC filings ↗ · Compare ⊕
Financials
SEC XBRL · annual| FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | |
|---|---|---|---|---|---|---|
| Revenue | $37.4M | $36.1M | $31.0M | $31.4M | $28.6M | $28.9M |
| Operating income | −$4.7M | −$1.5M | −$6.6M | −$5.1M | −$9.8M | −$29.4M |
| Net income | −$11.1M | −$1.0M | −$10.3M | −$7.7M | −$13.0M | −$33.6M |
| Total assets | $320.2M | $336.7M | $341.2M | $315.1M | $321.0M | $356.1M |
| Total liabilities | $128.1M | $132.9M | $136.9M | $74.8M | $74.5M | $99.0M |
| Equity | $193.3M | $205.0M | $205.3M | $240.3M | $246.6M | $257.1M |
| EPS (diluted) | $-0.02 | $0.00 | $-0.01 | $-0.01 | $-0.01 | $-0.04 |
| Shares out. | 722.2M | 724.3M | 888.2M | 885.2M | 881.3M | 879.6M |
Reported figures from the company's SEC filings (XBRL). Blank where a line item isn't cleanly tagged — never estimated.
Key ratios
from filings · FY2025- Operating margin
- −12.4%
- Net margin
- −29.7%
- Return on equity
- −5.7%
- Return on assets
- −3.5%
- Return on capital (ROCE)
- —
- Liabilities / assets
- 40.0%
- Debt / equity
- 0.66×
- Book value / share
- $0.27
- Revenue growth (YoY)
- 3.7%
- Net income growth (YoY)
- —
Computed from the company's own SEC figures — no market price, so these are facts, not a valuation. Book value per share is reported equity ÷ shares; it is not the stock price.
Financial health
forensic scores · FY2025- Accruals / assets
- −3.9%clean
- Piotroski F-Score
- 4/8mixed
Altman Z″is a textbook bankruptcy-distress score from book values only (>2.6 safe · 1.1–2.6 grey · <1.1 distress). Accruals = (net income − operating cash flow) ÷ assets; persistently high accruals are an earnings-quality red flag. Beneish M-Scoreis an eight-ratio screen comparing this year with last (M > −1.78 = elevated manipulation-risk screen, not proof). Piotroski F-Scorecounts how many of nine fundamental-health checks pass (shown as passed / applicable; we use operating margin and total liabilities as documented proxies where the exact input isn't XBRL-tagged). Computed from SEC filings — descriptive factors, not advice or a forecast.
Quality score
EDS ScoreOur own multi-factor score from free SEC data — profitability, growth, financial strength, earnings quality, and event/ownership catalysts. No market price and no licensed model: each axis is the share of source-backed checks it passes. Descriptive factors, not advice or a forecast.
Signs
● 2 warning● 4 good- Operating losses (negative operating margin)
- Reported a net loss
- Revenue is growing year-over-year
- Conservative leverage (liabilities < 50% of assets)
- Positive operating cash flow
- Clean earnings (low accruals)
Derived from the company's own SEC figures (fundamentals, forensic scores, filing discipline) — descriptive factors, not advice or a forecast.
Insider transactions
SEC Form 4 · most recent| Insider | Date | Type | Shares | Price |
|---|---|---|---|---|
| Karas Kimberly AOfficer — SVP, CAO & Treasurer | Dec 15, 2024 | Grant | 322,581 | $0.00 |
Headline trade per Form 4 (officers, directors, 10%+ owners). Buy/sell read from the filing's structured data — blank where a field isn't cleanly tagged.
Material events
SEC Form 8-K · most recent- Other material eventMay 26, 2026
- Regulation FD disclosureMay 22, 2026
- Other material eventMay 18, 2026
- Other material eventMay 12, 2026
- Other material eventDec 16, 2025
- Director / officer changeAug 14, 2025
- Other material eventMay 14, 2025
- Regulation FD disclosureMay 8, 2025
Events the company reported on Form 8-K, labelled by the SEC item code it filed under — its own classification, not our interpretation.
Recent SEC filings
All filings ↗Corporate family
Spun off from InvenTrustIVT · Apr 27, 2016
From the spin-off filings we track. Follow a company to walk its own history.