Added to YB: 2024-11-28
Pitch date: 2024-11-27
HHDS [bullish]
Highlands REIT, Inc.
+144.4%
current return
Author Info
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Company Info
We are a self-advised and self-administered real estate investment trust (“REIT”) created to own and manage substantially all of the “non-core” investment properties previously owned and managed by our former parent, InvenTrust Properties Corp.
Market Cap
$55.9M
Pitch Price
$0.04
Price Target
N/A
Dividend
N/A
EV/EBITDA
19.15
P/E
-14.29
EV/Sales
4.01
Sector
Diversified REITs
Category
value
7% of Book Value; 1x EBITDA; Cash is 2.5x Larger than Market Cap - Highlands REIT, Inc.
HHDS: Spun-off REIT w/ $205M book value, $16.7M NOI, $85M net debt. 13 apt, 3 retail, 1 office, 1 correctional. Valued at $14.4M (7% BV, <1x NOI). 143k shareholders, likely due to spin-off. $23.7M buyback (20% shares) at $0.12-0.17. Undervalued, but difficult to acquire shares.
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