Highlands REIT Balance Sheet

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Property, Plant & Equipment	286.83	289.63	309	275.55	292.62	296.7
Cash & Equivalents	23.82	29.86	17.08	26.03	18.32	50.24
Accounts Receivable	7.76	6.91	6.26	6.27	2.74	2.93
Other Intangible Assets	0.17	0.21	0.54	-	-	0.04
Restricted Cash	2.68	4.36	2.41	1.89	3.69	3.4
Trading Asset Securities	-	0.09	0.1	0.38	-	-
Deferred Long-Term Charges	6.67	5.68	5.78	4.99	3.65	-
Other Long-Term Assets	-	-	-	-	-	2.76
Total Assets	327.94	336.74	341.15	315.11	321.01	356.06
Current Portion of Long-Term Debt	0.07	20.98	-	-	0.24	0.65
Current Portion of Leases	-	0.06	-	-	-	-
Long-Term Debt	120.26	99.73	120.93	61.66	62.13	82.76
Long-Term Leases	-	0.24	-	-	-	-
Accrued Expenses	10.81	9.87	13.34	11.08	9.53	12.95
Other Long-Term Liabilities	2.37	2.02	2.67	2.02	2.58	2.64
Total Liabilities	133.51	132.9	136.94	74.76	74.48	99
Common Stock	7.19	7.24	7.22	8.88	8.85	8.78
Additional Paid-In Capital	1,389	1,391	1,390	1,413	1,412	1,410
Distributions in Excess of Earnings	-1,201	-1,193	-1,192	-1,182	-1,174	-1,161
Comprehensive Income & Other	-0.13	0.05	0.02	0.33	-0.2	-0.55
Total Common Equity	195.54	204.95	205.32	240.28	246.56	257.14
Minority Interest	-1.11	-1.11	-1.11	0.08	-0.03	-0.08
Shareholders' Equity	194.43	203.85	204.21	240.36	246.54	257.06
Total Liabilities & Equity	327.94	336.74	341.15	315.11	321.01	356.06
Total Debt	120.33	121.01	120.93	61.66	62.37	83.41
Net Cash (Debt)	-96.51	-91.06	-103.76	-35.25	-44.05	-33.17
Net Cash Per Share	-0.13	-0.13	-0.12	-0.04	-0.05	-0.04
Filing Date Shares Outstanding	718.87	724.32	721.67	888.24	885.22	881.32
Total Common Shares Outstanding	718.67	724.32	721.67	888.24	885.22	877.76
Book Value Per Share	0.27	0.28	0.28	0.27	0.28	0.29
Tangible Book Value	195.37	204.75	204.78	240.28	246.56	257.1
Tangible Book Value Per Share	0.27	0.28	0.28	0.27	0.28	0.29
Land	83.79	83.79	88.58	79.73	83.17	83.68
Buildings	298.27	289.13	296.79	272.23	270.39	276.82
Construction In Progress	0.33	3.66	10.85	0.48	6.54	1.7

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Real Estate template. Financial Sources.