Howard Hughes Holdings Inc.
For the period ended Sep 30, 2026. Filed Nov 5, 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.
Sep 30, 2026 · Filed Nov 5, 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
Condensed Consolidated Statements of Operations
| FINANCIAL STATEMENTS | Table of Contents |
|---|
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS
| Three Months Ended September 30, | Nine Months Ended September 30, | |||
|---|---|---|---|---|
| thousands except per share amounts | 2026 | 2025 | 2026 | 2025 |
| REVENUES | ||||
| Condominium rights and unit sales | $6,189 | $142 | $715,634 | $677 |
| Master Planned Communities land sales | 133,657 | 248,467 | 404,166 | 445,150 |
| Rental revenue | 115,852 | 111,377 | 343,599 | 330,882 |
| Net earned insurance premiums | 315,849 | — | 413,096 | — |
| Net insurance investment income | 22,678 | — | 33,666 | — |
| Builder price participation | 11,366 | 16,012 | 26,916 | 39,437 |
| Other revenues | 30,705 | 14,237 | 57,463 | 34,297 |
| Total revenues | 636,296 | 390,235 | 1,994,540 | 850,443 |
| EXPENSES | ||||
| Condominium rights and unit cost of sales | 5,414 | 59 | 583,937 | 1,112 |
| Master Planned Communities cost of sales | 46,242 | 78,280 | 140,041 | 148,672 |
| Operating costs | 56,000 | 45,940 | 163,756 | 147,247 |
| Rental property real estate taxes | 13,649 | 15,630 | 44,675 | 46,294 |
| Insurance claims and claim expenses | 200,551 | — | 255,761 | — |
| Insurance underwriting expenses | 120,973 | — | 158,354 | — |
| Provision for (recovery of) doubtful accounts | 206 | (345) | 270 | 41 |
| General and administrative | 28,802 | 28,281 | 90,696 | 85,269 |
| Depreciation and amortization | 51,550 | 46,381 | 156,799 | 135,845 |
| Other expenses | 12,061 | 3,332 | 22,126 | 12,402 |
| Total expenses | 535,448 | 217,558 | 1,616,415 | 576,882 |
| OTHER | ||||
| Gain (loss) on sale or disposal of real estate and other assets, net | 6,582 | 14,449 | 58,382 | 29,834 |
| Investment gain (loss), net | 50,915 | — | 12,637 | — |
| Other income (loss), net | (1,375) | 2,445 | (1,908) | 1,963 |
| Total other | 56,122 | 16,894 | 69,111 | 31,797 |
| Operating income (loss) | 156,970 | 189,571 | 447,236 | 305,358 |
| Interest income | 7,593 | 15,287 | 36,059 | 31,736 |
| Interest expense | (50,111) | (43,856) | (137,713) | (128,644) |
| Gain (loss) on extinguishment of debt | (429) | (173) | (11,068) | (480) |
| Gain (loss) on sale of Municipal Utility District (MUD) receivables | (105,362) | — | (105,917) | (48,197) |
| Equity in earnings (losses) from unconsolidated ventures | (7,529) | (2,529) | (9,868) | (3,096) |
| Income (loss) before income taxes | 1,132 | 158,300 | 218,729 | 156,677 |
| Income tax expense (benefit) | 1,503 | 38,898 | 54,078 | 38,513 |
| Net income (loss) | (371) | 119,402 | 164,651 | 118,164 |
| Net (income) loss attributable to noncontrolling interests | (716) | 106 | 853 | (267) |
| Net income (loss) attributable to common stockholders | $(1,087) | $119,508 | $165,504 | $117,897 |
| Basic income (loss) per share | $(0.02) | $2.03 | $2.81 | $2.16 |
| Diluted income (loss) per share | $(0.39) | $2.02 | $2.53 | $2.15 |
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