Heritage Global Inc. Anticipates Significant Net Operating Growth in Second Quarter 2022

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Jul 11, 2022

Heritage+Global+Inc. (NASDAQ: HGBL) (“Heritage Global,” “HGI” or “the Company”), an asset services company specializing in financial and industrial asset transactions, today announced that it expects to report significant growth in net operating income for the second quarter of 2022, related to strong performance in both of the Company’s operating divisions as well as the final disposition of the Huntsville real estate assets associated with its joint venture partnership and the conclusion of that project. Based on its preliminary review of second quarter 2022 financial results, the Company anticipates that net operating income (NOI) will likely be in the range of $3.0 million to $4.0 million.