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Howard Hughes Holdings Inc

For the period ended Sep 30, 2024. Filed Nov 4, 2024.

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About this filing

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.

Sep 30, 2024 · Filed Nov 4, 2024

HHH$77.73-0.4%Stored close · as of Nov 6, 2026
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UNITED STATES SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 10-Q

☒ Quarterly report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

For the quarterly period ended September 30, 2024

or

☐ Transition report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Commission file number 001-41779

(Exact name of registrant as specified in its charter)

Delaware93-1869991
(State or other jurisdiction of incorporation or organization)(I.R.S. employer identification number)

9950 Woodloch Forest Drive, Suite 1100, The Woodlands, Texas 77380

(Address of principal executive offices, including zip code)

(281) 719-6100

(Registrant’s telephone number, including area code)

Securities registered pursuant to Section 12(b) of the Act:

Title of each classTrading SymbolName of each exchange on which registered:
Common stock, par value $0.01 per shareHHHNew York Stock Exchange

Indicate by check mark whether the registrant: (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days.

☒ Yes ☐No

Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files).

☒ Yes ☐No

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company, or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company,” and “emerging growth company” in Rule 12b-2 of the Exchange Act.

Large accelerated filer☒Accelerated filer☐
Non-accelerated filer☐Smaller reporting company☐
Emerging growth company☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act).

☐ Yes ☒ No

The number of shares of common stock, $0.01 par value, outstanding as of October 28, 2024, was 50,137,514.

TABLE OF CONTENTSPage
PART I
Item 1. · Financial Statements
Condensed Consolidated Financial Statements (Unaudited)2
Condensed Consolidated Balance Sheets2
Condensed Consolidated Statements of Operations3
Condensed Consolidated Statements of Comprehensive Income (Loss)4
Condensed Consolidated Statements of Equity5
Condensed Consolidated Statements of Cash Flows6
Notes to Condensed Consolidated Financial Statements8
Note 1. Presentation of Financial Statements and Significant Accounting Policies8
Note 2. Discontinued Operations10
Note 3. Investments in Unconsolidated Ventures12
Note 4. Acquisitions and Dispositions14
Note 5. Impairment14
Note 6. Other Assets and Liabilities15
Note 7. Mortgages, Notes, and Loans Payable, Net15
Note 8. Fair Value17
Note 9. Derivative Instruments and Hedging Activities18
Note 10. Commitments and Contingencies20
Note 11. Income Taxes22
Note 12. Accumulated Other Comprehensive Income (Loss)23
Note 13. Earnings Per Share24
Note 14. Revenues25
Note 15. Leases26
Note 16. Segments28
Item 2.Management’s Discussion and Analysis of Financial Condition and Results of Operations31
Forward-Looking Information32
Overview34
Results of Operations36
Liquidity and Capital Resources47
Item 3.Quantitative and Qualitative Disclosures about Market Risk50
Item 4.Controls and Procedures50
PART II
Item 1.Legal Proceedings51
Item 1A.Risk Factors51
Item 2.Unregistered Sales of Equity Securities and Use of Proceeds51
Item 3.Default Upon Senior Securities51
Item 4.Mine Safety Disclosures51
Item 5.Other Information52
Item 6.Exhibits52
ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.