Howard Hughes Holdings Inc.
For the period ended Dec 31, 2025. Filed Feb 19, 2026.
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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.
FY2025 · Filed Feb 19, 2026
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 | 2025 | 2024 | 2023 |
| REVENUES | |||
| Condominium rights and unit sales | $370,156 | $778,616 | $47,707 |
| Master Planned Communities land sales | 562,586 | 453,195 | 370,185 |
| Rental revenue | 441,446 | 422,100 | 383,617 |
| Other land, rental, and property revenues | 48,363 | 44,755 | 46,255 |
| Builder price participation | 52,341 | 52,023 | 60,989 |
| Total revenues | 1,474,892 | 1,750,689 | 908,753 |
| EXPENSES | |||
| Condominium rights and unit cost of sales | 369,408 | 582,574 | 55,417 |
| Master Planned Communities cost of sales | 188,704 | 169,191 | 140,050 |
| Operating costs | 213,449 | 208,578 | 205,453 |
| Rental property real estate taxes | 60,768 | 58,395 | 55,649 |
| Provision for (recovery of) doubtful accounts | 232 | 504 | (2,762) |
| General and administrative | 122,240 | 91,752 | 86,671 |
| Depreciation and amortization | 183,232 | 179,799 | 168,734 |
| Other | 19,146 | 15,002 | 13,302 |
| Total expenses | 1,157,179 | 1,305,795 | 722,514 |
| OTHER | |||
| Gain (loss) on sale or disposal of real estate and other assets, net | 29,825 | 22,907 | 24,162 |
| Other income (loss), net | (16,023) | 92,120 | 5,823 |
| Total other | 13,802 | 115,027 | 29,985 |
| Operating income (loss) | 331,515 | 559,921 | 216,224 |
| Interest income | 46,998 | 25,349 | 25,500 |
| Interest expense | (169,931) | (164,926) | (157,575) |
| Gain (loss) on extinguishment of debt | (698) | (465) | (97) |
| Gain (loss) on sale of MUD receivables | (48,197) | (48,651) | — |
| Equity in earnings (losses) from unconsolidated ventures | 1,772 | (5,829) | 25,776 |
| Income (loss) from continuing operations before income taxes | 161,459 | 365,399 | 109,828 |
| Income tax expense (benefit) | 37,616 | 80,184 | 26,418 |
| Net income (loss) from continuing operations | 123,843 | 285,215 | 83,410 |
| Net income (loss) from discontinued operations, net of tax | — | (88,223) | (634,940) |
| Net income (loss) | 123,843 | 196,992 | (551,530) |
| Net (income) loss attributable to noncontrolling interests | 54 | 711 | (243) |
| Net income (loss) attributable to common stockholders | $123,897 | $197,703 | $(551,773) |
| Basic income (loss) per share — continuing operations | $2.22 | $5.75 | $1.68 |
| Basic income (loss) per share — discontinued operations | $— | $(1.78) | $(12.81) |
| Basic income (loss) per share attributable to common stockholders | $2.22 | $3.98 | $(11.13) |
| Diluted income (loss) per share — continuing operations | $2.21 | $5.73 | $1.68 |
| Diluted income (loss) per share — discontinued operations | $— | $(1.77) | $(12.80) |
| Diluted income (loss) per share attributable to common stockholders | $2.21 | $3.96 | $(11.12) |
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