Highlands REIT Balance Sheet

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Property, Plant & Equipment	284.59	289.37	309	275.55	292.62
Cash & Equivalents	19.5	29.86	17.08	26.03	18.32
Accounts Receivable	8.07	6.91	6.26	6.27	2.74
Other Intangible Assets	0.16	0.21	0.54	-	-
Restricted Cash	2.23	4.36	2.41	1.89	3.69
Trading Asset Securities	-	0.09	0.1	0.38	-
Deferred Long-Term Charges	5.69	5.94	5.78	4.99	3.65
Total Assets	320.25	336.74	341.15	315.11	321.01
Current Portion of Long-Term Debt	23.15	-	-	-	0.24
Current Portion of Leases	0.03	-	-	-	-
Long-Term Debt	97.05	120.71	120.93	61.66	62.13
Long-Term Leases	0.23	-	-	-	-
Accrued Expenses	6.08	9.87	13.34	11.08	9.53
Other Long-Term Liabilities	1.58	2.32	2.67	2.02	2.58
Total Liabilities	128.1	132.9	136.94	74.76	74.48
Common Stock	7.22	7.24	7.22	8.88	8.85
Additional Paid-In Capital	1,390	1,391	1,390	1,413	1,412
Distributions in Excess of Earnings	-1,204	-1,193	-1,192	-1,182	-1,174
Comprehensive Income & Other	-0.1	0.05	0.02	0.33	-0.2
Total Common Equity	193.26	204.95	205.32	240.28	246.56
Minority Interest	-1.11	-1.11	-1.11	0.08	-0.03
Shareholders' Equity	192.15	203.85	204.21	240.36	246.54
Total Liabilities & Equity	320.25	336.74	341.15	315.11	321.01
Total Debt	120.45	120.71	120.93	61.66	62.37
Net Cash (Debt)	-100.94	-90.76	-103.76	-35.25	-44.05
Net Cash Per Share	-0.14	-0.13	-0.12	-0.04	-0.05
Filing Date Shares Outstanding	722.2	724.32	721.67	888.24	885.22
Total Common Shares Outstanding	722.2	724.32	721.67	888.24	885.22
Book Value Per Share	0.27	0.28	0.28	0.27	0.28
Tangible Book Value	193.09	204.75	204.78	240.28	246.56
Tangible Book Value Per Share	0.27	0.28	0.28	0.27	0.28
Land	83.79	83.79	88.58	79.73	83.17
Buildings	298.85	289.13	296.79	272.23	270.39
Construction In Progress	0.06	3.66	10.85	0.48	6.54

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Real Estate template. Financial Sources.