Howard Hughes Holdings Inc
For the period ended Dec 31, 2024. Filed Feb 26, 2025.
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A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2024 · Filed Feb 26, 2025
HHH$85.60+10.1%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Consolidated Statements of Operations
| FINANCIAL STATEMENTS | Table of ContentsIndex to Financial Statements |
|---|
CONSOLIDATED STATEMENTS OF OPERATIONS
| Year Ended December 31, | |||
|---|---|---|---|
| thousands except per share amounts | 2024 | 2023 | 2022 |
| REVENUES | |||
| Condominium rights and unit sales | $778,616 | $47,707 | $677,078 |
| Master Planned Communities land sales | 453,195 | 370,185 | 316,065 |
| Rental revenue | 422,100 | 383,617 | 379,693 |
| Other land, rental, and property revenues | 44,755 | 46,255 | 44,893 |
| Builder price participation | 52,023 | 60,989 | 71,761 |
| Total revenues | 1,750,689 | 908,753 | 1,489,490 |
| EXPENSES | |||
| Condominium rights and unit cost of sales | 582,574 | 55,417 | 483,983 |
| Master Planned Communities cost of sales | 169,191 | 140,050 | 119,466 |
| Operating costs | 208,578 | 205,453 | 191,856 |
| Rental property real estate taxes | 58,395 | 55,649 | 52,121 |
| Provision for (recovery of) doubtful accounts | 504 | (2,762) | 629 |
| General and administrative | 91,752 | 86,671 | 81,770 |
| Depreciation and amortization | 179,799 | 168,734 | 154,605 |
| Other | 15,002 | 13,302 | 11,920 |
| Total expenses | 1,305,795 | 722,514 | 1,096,350 |
| OTHER | |||
| Gain (loss) on sale or disposal of real estate and other assets, net | 22,907 | 24,162 | 29,678 |
| Other income (loss), net | 92,120 | 5,823 | 1,421 |
| Total other | 115,027 | 29,985 | 31,099 |
| Operating income (loss) | 559,921 | 216,224 | 424,239 |
| Interest income | 25,349 | 25,500 | 3,818 |
| Interest expense | (164,926) | (157,575) | (112,498) |
| Gain (loss) on extinguishment of debt | (465) | (97) | (2,377) |
| Gain (loss) on sale of MUD receivables | (48,651) | — | — |
| Equity in earnings (losses) from unconsolidated ventures | (5,829) | 25,776 | 21,723 |
| Income (loss) from continuing operations before income taxes | 365,399 | 109,828 | 334,905 |
| Income tax expense (benefit) | 80,184 | 26,418 | 82,196 |
| Net income (loss) from continuing operations | 285,215 | 83,410 | 252,709 |
| Net income (loss) from discontinued operations, net of tax | (88,223) | (634,940) | (68,073) |
| Net income (loss) | 196,992 | (551,530) | 184,636 |
| Net (income) loss attributable to noncontrolling interests | 711 | (243) | (103) |
| Net income (loss) attributable to common stockholders | $197,703 | $(551,773) | $184,533 |
| Basic income (loss) per share — continuing operations | $5.75 | $1.68 | $5.00 |
| Basic income (loss) per share — discontinued operations | $(1.78) | $(12.81) | $(1.35) |
| Basic income (loss) per share attributable to common stockholders | $3.98 | $(11.13) | $3.65 |
| Diluted income (loss) per share — continuing operations | $5.73 | $1.68 | $5.00 |
| Diluted income (loss) per share — discontinued operations | $(1.77) | $(12.80) | $(1.35) |
| Diluted income (loss) per share attributable to common stockholders | $3.96 | $(11.12) | $3.65 |
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