Howard Hughes Holdings Inc
For the period ended Jun 30, 2024. Filed Jul 26, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Jun 30, 2024 · Filed Jul 26, 2024
HHH$85.60+10.1%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Condensed Consolidated Statements of Operations
| FINANCIAL STATEMENTS | Table of Contents |
|---|
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS
| Three Months Ended June 30, | Six Months Ended June 30, | |||
|---|---|---|---|---|
| thousands except per share amounts | 2024 | 2023 | 2024 | 2023 |
| REVENUES | ||||
| Condominium rights and unit sales | $— | $14,866 | $23 | $20,953 |
| Master Planned Communities land sales | 154,790 | 42,306 | 187,205 | 101,667 |
| Rental revenue | 111,490 | 103,339 | 219,241 | 201,203 |
| Other land, rental, and property revenues | 38,224 | 46,898 | 56,607 | 65,866 |
| Builder price participation | 12,905 | 15,907 | 25,471 | 29,916 |
| Total revenues | 317,409 | 223,316 | 488,547 | 419,605 |
| EXPENSES | ||||
| Condominium rights and unit cost of sales | — | 29,317 | 3,861 | 33,853 |
| Master Planned Communities cost of sales | 57,768 | 15,867 | 70,672 | 37,870 |
| Operating costs | 91,422 | 83,800 | 165,711 | 156,187 |
| Rental property real estate taxes | 15,582 | 15,578 | 30,277 | 30,997 |
| Provision for (recovery of) doubtful accounts | 1,563 | (26) | 2,397 | (2,446) |
| General and administrative | 30,235 | 20,217 | 61,137 | 43,770 |
| Depreciation and amortization | 52,629 | 53,221 | 104,876 | 105,230 |
| Other | 3,868 | 3,089 | 7,686 | 6,660 |
| Total expenses | 253,067 | 221,063 | 446,617 | 412,121 |
| OTHER | ||||
| Gain (loss) on sale or disposal of real estate and other assets, net | — | (16) | 4,794 | 4,714 |
| Other income (loss), net | 391 | (1,607) | 1,282 | 3,374 |
| Total other | 391 | (1,623) | 6,076 | 8,088 |
| Operating income (loss) | 64,733 | 630 | 48,006 | 15,572 |
| Interest income | 6,185 | 4,992 | 14,303 | 9,084 |
| Interest expense | (43,007) | (33,947) | (84,925) | (72,084) |
| Gain (loss) on extinguishment of debt | (198) | — | (198) | — |
| Equity in earnings (losses) from unconsolidated ventures | (296) | (6,186) | (19,431) | (10,988) |
| Income (loss) before income taxes | 27,417 | (34,511) | (42,245) | (58,416) |
| Income tax expense (benefit) | 6,359 | (15,370) | (10,836) | (16,648) |
| Net income (loss) | 21,058 | (19,141) | (31,409) | (41,768) |
| Net (income) loss attributable to noncontrolling interests | 34 | (2) | 24 | (120) |
| Net income (loss) attributable to common stockholders | $21,092 | $(19,143) | $(31,385) | $(41,888) |
| Basic income (loss) per share | $0.42 | $(0.39) | $(0.63) | $(0.85) |
| Diluted income (loss) per share | $0.42 | $(0.39) | $(0.63) | $(0.85) |
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