The portfolio consists of seven office assets, two industrial assets, six retail assets, two correctional facilities, four parcels of unimproved land and one bank branch. This portfolio largely represented the non-core assets of InvenTrust Properties Corp., the former parent, which spun off Highlands REIT in 2016. The spin-off allowed InvenTrust’s management to focus on its core portfolio while providing Highlands with a dedicated management team to focus on maximizing the value of their portfolio. NAV is currently being prepared by the management company.
Book value is the most recently published total shareholders' equity divided by shares outstanding.
Historic dividend is the recent amount paid by a non-traded public REIT to its shareholders. Dividends are typically distributed quarterly and are subject to adjustment at each distribution period.
FFO is a financial calculcation that is widely recognized in the REIT industry as a measure of operating performance, or cash flow. FFO is defined by the National Association of Real Estate Investment Trusts (“NAREIT”) as net income (loss) computed in accordance with GAAP, excluding gains or losses from sales of property, plus depreciation and amortization on real estate assets, and after adjustments for unconsolidated partnerships and joint ventures. FFO was developed by NAREIT as a measure of performance to recognize that income-producing real estate has historically not depreciated consistent with the basis as determined under GAAP.
|Date Sold||No. of Shares||Price per Share|
|Dec 14, 2016||4,710.587||US $0.19|
|Aug 17, 2016||3,116.117||US $0.22|
|Aug 17, 2016||1,129.000||US $0.23|