Howard Hughes Holdings Inc.
For the period ended Mar 31, 2026. Filed May 7, 2026.
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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.
Mar 31, 2026 · Filed May 7, 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 March 31, 2026
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)
| Delaware | 93-1869991 |
|---|---|
| (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 class | Trading Symbol | Name of each exchange on which registered: |
|---|---|---|
| Common stock, par value $0.01 per share | HHH | New 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 April 30, 2026, was 59,624,589.
| TABLE OF CONTENTS | Page | |
|---|---|---|
| PART I | ||
| Item 1. · Financial Statements | ||
| Condensed Consolidated Financial Statements (Unaudited) | 2 | |
| Condensed Consolidated Balance Sheets | 2 | |
| Condensed Consolidated Statements of Operations | 3 | |
| Condensed Consolidated Statements of Comprehensive Income (Loss) | 4 | |
| Condensed Consolidated Statements of Equity | 5 | |
| Condensed Consolidated Statements of Cash Flows | 6 | |
| Notes to Condensed Consolidated Financial Statements | 8 | |
| Note 1. Presentation of Financial Statements and Significant Accounting Policies | 8 | |
| Note 2. Pershing Square | 11 | |
| Note 3. Investments in Unconsolidated Ventures | 12 | |
| Note 4. Acquisitions and Dispositions | 14 | |
| Note 5. Impairment | 14 | |
| Note 6. Other Assets and Liabilities | 15 | |
| Note 7. Mortgages, Notes, and Loans Payable, Net | 15 | |
| Note 8. Fair Value | 17 | |
| Note 9. Derivative Instruments and Hedging Activities | 19 | |
| Note 10. Commitments and Contingencies | 21 | |
| Note 11. Income Taxes | 22 | |
| Note 12. Accumulated Other Comprehensive Income (Loss) | 23 | |
| Note 13. Earnings Per Share | 24 | |
| Note 14. Revenues | 24 | |
| Note 15. Leases | 26 | |
| Note 16. Segments | 27 | |
| Item 2. | Management’s Discussion and Analysis of Financial Condition and Results of Operations | 30 |
| Forward-Looking Information | 31 | |
| Overview | 33 | |
| Results of Operations | 35 | |
| Liquidity and Capital Resources | 41 | |
| Item 3. | Quantitative and Qualitative Disclosures about Market Risk | 44 |
| Item 4. | Controls and Procedures | 44 |
| PART II | ||
| Item 1. | Legal Proceedings | 45 |
| Item 1A. | Risk Factors | 45 |
| Item 2. | Unregistered Sales of Equity Securities and Use of Proceeds | 45 |
| Item 3. | Default Upon Senior Securities | 45 |
| Item 4. | Mine Safety Disclosures | 45 |
| Item 5. | Other Information | 45 |
| Item 6. | Exhibits | 46 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.