Howard Hughes Holdings Inc.

Listed Company

HHHCIK 0001981792NYSELarge AcceleratedReal Estate Investment TrustsDelawareFY ends Dec 31

Period

FY 2025

Revenue

$1.47B

Net Income

$123.90M

Total Assets

$10.64B

Equity

$3.78B

Shares Out

59.62M

Op. Cash Flow

$462.37M

HHH$74.21+7.59% · past yearDBEQ Basic

Daily closing prices

Business

Howard Hughes Holdings Inc. is a holding company that owns The Howard Hughes Corporation, a large-scale real estate developer and operator focused on master planned communities, strategic developments, and income-producing properties. The company develops and operates approximately 101,000 gross acres across five states, including Summerlin, The Woodlands, and Bridgeland, generating revenue through residential land sales, commercial leasing, and condominium development.

Summary from 10-K filed 2026-02-19

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Rental revenue	441	422	384	380	369
Total revenues	1,475	1,751	909	1,489	1,428
Operating costs	213	209	205	192	294
Rental property real estate taxes	61	58	56	52	55
Provision for (recovery of) doubtful accounts	232,000	504,000	−3	629,000	−459,000
General and administrative	122	92	87	82	82
Depreciation and amortization	183	180	169	155	205
Other	19	15	13	12	11
Total expenses	1,157	1,306	723	1,096	1,215
Gain (loss) on sale or disposal of real estate and other assets, net	30	23	24	30	53
Other income (loss), net	−16	92	6	1	−12
Total other	14	115	30	31	28
Operating income (loss)	332	560	216	424	242
Interest income	47	25	26	4	107,000
Interest expense	−170	−165	−158	−112	—
Gain (loss) on extinguishment of debt	−698,000	−465,000	−97,000	−2	−38
Gain (loss) on sale of MUD receivables	−48	−49	0	0	—
Equity in earnings (losses) from unconsolidated ventures	2	−6	26	22	−10
Income (loss) from continuing operations before income taxes	161	365	110	335	64
Income tax expense (benefit)	38	80	26	82	15
Net income (loss) from continuing operations	124	285	83	253	—
Net income (loss) from discontinued operations, net of tax	0	−88	−635	−68	—
Net income (loss)	124	197	−552	185	49
Net (income) loss attributable to noncontrolling interests	54,000	711,000	−243,000	−103,000	7
Net income (loss) attributable to common stockholders	124	198	−552	185	—
Basic income (loss) per share continuing operations (in dollars per share)	2.22	5.75	1.68	5	—
Basic income (loss) per share discontinued operations (in dollars per share)	0	−1.78	−12.81	−1.35	—
Basic income (loss) per share attributable to common stockholders (in dollars per share)	2.22	3.98	−11.13	3.65	1.03
Diluted income (loss) per share continuing operations (in dollars per share)	2.21	5.73	1.68	5	—
Diluted income (loss) per share discontinued operations (in dollars per share)	0	−1.77	−12.8	−1.35	—
Diluted income (loss) per share attributable to common stockholders (in dollars per share)	2.21	3.96	−11.12	3.65	1.03

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Master Planned Communities assets	2,635	2,512	2,446	2,412	—
Buildings and equipment	4,029	3,842	3,649	4,246	—
Less: accumulated depreciation	−1,082	−950	−829	−868	—
Land	308	302	294	312	—
Developments	1,478	1,341	1,170	1,125	—
Net investment in real estate	7,367	7,047	6,730	7,227	—
Investments in unconsolidated ventures	170	170	183	246	—
Cash and cash equivalents	1,469	596	630	610	843
Restricted cash	629	402	379	472	—
Accounts receivable, net	134	105	101	103	—
Municipal Utility District (MUD) receivables, net	460	464	551	473	—
Deferred expenses, net	161	139	138	129	—
Operating lease right-of-use assets	5	6	5	47	—
Other assets, net	245	282	244	279	—
Total assets	10,639	9,211	9,577	9,603	—
Mortgages, notes, and loans payable, net	5,110	5,127	5,147	4,747	—
Operating lease obligations	5	5	5	51	—
Deferred tax liabilities, net	164	142	84	254	—
Accounts payable and other liabilities	1,518	1,094	1,054	945	—
Total liabilities	6,797	6,369	6,518	5,997	—
Commitments and Contingencies (see Note 12)	—	—	—	—	—
Preferred stock: $0.01 par value; 50,000,000 shares authorized, none issued	0	0	0	0	—
Common stock: $0.01 par value; 150,000,000 shares authorized, 65,910,640 issued, and 59,370,353 outstanding as of December 31, 2025, and 56,610,009 shares issued, and 50,116,150 outstanding as of December 31, 2024	659,000	566,000	565,000	564,000	—
Additional paid-in capital	4,459	3,576	3,988	3,973	—
Retained earnings (accumulated deficit)	−62	−186	−384	168	—
Accumulated other comprehensive income (loss)	−2	2	1	10	—
Treasury stock, at cost, 6,540,287 shares as of December 31, 2025, and 6,493,859 shares as of December 31, 2024	−620	−617	−614	−611	—
Total stockholders' equity	3,775	2,776	2,993	3,540	—
Noncontrolling interests	67	66	66	66	—
Total equity	3,842	2,842	3,059	3,606	3,711
Total liabilities and equity	10,639	9,211	9,577	9,603	—

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Net income (loss) from continuing operations	124	285	83	253	—
Depreciation	164	161	152	138	185
Amortization	19	19	17	17	17
Amortization of deferred financing costs	12	12	12	10	10
Amortization of intangibles other than in-place leases	120,000	120,000	120,000	120,000	3
Straight-line rent amortization	−6	−7	−7	−8	−9
Deferred income taxes	24	62	−10	56	10
Restricted stock and stock option amortization	20	16	16	12	10
Net gain on sale of properties	−30	−23	−24	−30	−53
Proceeds from sale of MUD receivables	180	177	0	0	—
(Gain) loss on extinguishment of debt	698,000	465,000	97,000	2	38
Equity in (earnings) losses from unconsolidated ventures, net of distributions	4	12	−16	−8	52
Provision for (recovery of) doubtful accounts	3	−499,000	8	34,000	−2
Master Planned Communities development expenditures	−478	−428	−404	−396	−322
Master Planned Communities cost of sales, net of SID bonds transfers to buyers	171	151	126	112	145
Condominium development expenditures	−511	−682	−473	−341	−345
Condominium rights and units cost of sales, net of closing commissions	359	565	53	466	394
Other	5	0	1	0	0
Accounts receivable, net	−18	84	117	83	—
Other assets, net	27	16	31	−26	—
Condominium deposits, net	289	−19	89	21	59
Deferred expenses, net	−41	−31	−27	−28	−23
Accounts payable and other liabilities	96	29	39	14	43
Cash provided by (used in) operating activities of continuing operations	462	448	−215	342	—
Cash provided by (used in) operating activities of discontinued operations	0	−51	−43	−17	—
Cash provided by (used in) operating activities	462	397	−258	325	−284
Property and equipment expenditures	−3	−2	−7	−2	−2
Operating property improvements	−45	−48	−40	−43	−36
Property development and redevelopment	−171	−253	−231	−268	−275
Acquisition of assets	−18	−18	−6	0	0
Proceeds from sales of properties, net	12	48	40	82	322
Reimbursements under tax increment financings and grants	7	9	1	127,000	667,000
Distributions from unconsolidated ventures	4	7	13	208	92
Investments in unconsolidated ventures, net	−4	−4	0	−299,000	−1
Other	−1	0	0	—	—
Net parent investment in discontinued operations	0	−169	−115	−225	—
Cash provided by (used in) investing activities of continuing operations	−219	−431	−346	−249	—
Cash provided by (used in) investing activities of discontinued operations	0	130	10	29	—
Cash provided by (used in) investing activities	−219	−301	−336	−221	101
Proceeds from mortgages, notes, and loans payable	760	761	677	1,236	2,423
Principal payments on mortgages, notes, and loans payable	−782	−808	−148	−1,063	−2,140
Proceeds from issuance of common stock, net	863	0	0	—	—
Debt extinguishment costs	−422,000	0	0	−60,000	−30
Special Improvement District bond funds released from (held in) escrow	25	17	11	23	11
Deferred financing costs and bond issuance costs	−6	−6	−569,000	−18	−29
Taxes paid on stock options exercised and restricted stock vested	−4	−2	−3	−3	−3
Stock options exercised	58,000	0	0	300,000	4
Sale of preferred stock in Seaport subsidiary	0	10	0	0	—
Contributions from Teravalis noncontrolling interest owner	317,000	206,000	219,000	0	0
Cash provided by (used in) financing activities of continuing operations	855	−28	538	−220	—
Cash provided by (used in) financing activities of discontinued operations	0	−123	11	−2	—
Cash provided by (used in) financing activities	855	−150	549	−222	156
Net change in cash, cash equivalents, and restricted cash	1,099	−55	−46	−118	−26
Interest paid, net	283	298	240	206	183
Interest capitalized	149	152	110	90	72
Income taxes paid (refunded), federal, net	9	2	5	—	—
Consideration from sale of properties	41	0	5	0	—
Special Improvement District bonds transfers to buyers	18	18	14	8	9
Special Improvement District bonds held in third-party escrow	16	38	21	0	45
Capitalized stock compensation	3	4	5	5	2
Accrued property improvements, developments, and redevelopments	−10	−13	909,000	13	17
Initial recognition of operating lease right-of-use asset	0	766,000	0	1	6
Initial recognition of operating lease obligation	0	766,000	0	2	6
Distribution of Seaport Entertainment Group Inc. to stockholders	0	361	0	0	—

Filings

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Frequently asked questions

What is Howard Hughes Holdings Inc.'s CIK number?

Howard Hughes Holdings Inc.'s SEC CIK number is 0001981792 (1981792). The CIK (Central Index Key) is the permanent identifier the SEC assigns to every EDGAR filer — unlike a ticker symbol, it never changes.

Where can I find Howard Hughes Holdings Inc.'s SEC filings?

All of Howard Hughes Holdings Inc.'s EDGAR filings — 10-K annual reports, 10-Q quarterly reports, 8-K material events, and insider transactions — are listed on this page, sourced live from SEC EDGAR.

When did Howard Hughes Holdings Inc. last report earnings?

Howard Hughes Holdings Inc. (HHH) most recently filed an earnings 8-K with the SEC on May 7, 2026, furnishing its results under Item 2.02 (Results of Operations and Financial Condition). The earnings press release is attached to that filing (accession 0001628280-26-032117). This is Howard Hughes Holdings Inc.'s most recent earnings filing of record — not a forecast of its next earnings date.

What is Howard Hughes Holdings Inc.'s most recent earnings 8-K?

Howard Hughes Holdings Inc.'s latest earnings 8-K (Item 2.02) was filed May 7, 2026 under accession 0001628280-26-032117. It carries the quarterly or annual earnings press release — the earliest official, SEC-filed version of the results.

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