Ault Alliance Says It Has Ended Marketing Process For Its Four Hotels Owned And Operated By Wholly Owned Subsidiary, Ault Global Real Estate Equities

Author: Benzinga Newsdesk | April 26, 2024 06:34am

As a result, it was determined that the Ault Global Real Estate Equities assets and liabilities previously presented as assets and liabilities held for sale within the Company's balance sheet will no longer meet the held for sale criteria. Assets of $91.0 million and liabilities of $70.4 million as of December 31, 2023 were reported as assets and liabilities held for sale. In future periods, assets and liabilities of AGREE will be reclassified to assets and liabilities held and used and amounts previously presented in discontinued operations will be reclassified into continuing operations for all periods presented.

Posted In: AULT