Highlands REIT Q2 FY26 net loss widens 12.1% to $3.38 million; revenue falls 4.6% to $9.03 million
Reuters2026/08/11 19:22- Highlands REIT posted a GAAP net loss of USD 3.38 million for the quarter ended June 30, 2026, widening 12.1%.
- Revenue fell 4.6% to USD 9.03 million, reflecting weaker performance in the Denver multifamily portfolio due to rent cuts and concessions.
- Property operating expenses rose 6.6% to USD 2.82 million, while interest expense climbed 14% to USD 2.03 million.
- Economic occupancy slipped 2.7 percentage points to 72.3%, while rent per square foot edged up to USD 26.58.
- Cash and cash equivalents totaled USD 44.5 million at June 30, 2026, with total debt of USD 147.4 million and a 5.31% weighted average rate.
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