Business
Howard Hughes Holdings Inc. Reports First Quarter 2025 Results
Strong start to the year affirms expectations for record MPC and Operating Assets performance in 2025THE WOODLANDS, Texas, May 07, 2025 (GLOBE NEWSWIRE) -- Howard Hughes Holdings Inc. (NYSE: HHH) (the “Company,” “HHH,” “Howard Hughes,” or “we”) today announced operating results for the first quarter ended March 31, 2025. The financial statements, exhibits, and reconciliations of non-GAAP measures in the attached Appendix and the Supplemental Information, as available through the Investors sectio
About this update from Howard Hughes Holdings Inc.
[{"type":"image","alt":"Howard Hughes Holdings Inc.","displaySize":"","headline":null,"caption":"Howard Hughes Holdings Inc.","className":"","disableSlideshowImg":false,"size":{"original":{"width":300,"height":52,"url":"https://media.zenfs.com/en/globenewswire.com/a19eeb56e94a0a8faa84dc0763e2dd87"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/ND0ZAezTFKrqDuBexxDDHQ--/YXBwaWQ9aGlnaGxhbmRlcjt3PTQyMDtoPTczO2NmPXdlYnA-/https://media.zenfs.com/en/globenewswire.com/a19eeb56e94a0a8faa84dc0763e2dd87","width":300,"height":52}},"lazy":false},{"type":"text","content":"Strong start to the year affirms expectations for record MPC and Operating Assets performance in 2025","length":101,"tagName":"p"},{"type":"text","content":"THE WOODLANDS, Texas, May 07, 2025 (GLOBE NEWSWIRE) -- Howard Hughes Holdings Inc. (NYSE: HHH) (the “Company,” “HHH,” “Howard Hughes,” or “we”) today announced operating results for the first quarter ended March 31, 2025. The financial statements, exhibits, and reconciliations of non-GAAP measures in the attached Appendix and the Supplemental Information, as available through the Investors section of our website, provide further detail of these results.","length":462,"tagName":"p"},{"type":"text","content":"First Quarter 2025 Highlights:","length":30,"tagName":"p"},{"type":"list","items":[{"val":[{"type":"text","content":"Net income from continuing operations per diluted share of $0.21 compared to a loss of $(0.42) in the prior-year period","length":119,"tagName":"p"}]},{"val":[{"type":"text","content":"Adjusted Operating Cash Flow of $63 million or $1.27 per diluted share","length":75,"tagName":"p"}]},{"val":[{"type":"text","content":"Full-year 2025 guidance is unchanged in each segment with mid-point adjusted operating cash flow of $350 million or $7.00 per diluted share","length":144,"tagName":"p"}]},{"val":[{"type":"text","content":"Total Operating Assets Net Operating Income (NOI) achieves a new quarterly record of $72 million, increasing 9% year-over-year led by improved performance in office and multifamily","length":180,"tagName":"p"}]},{"val":[{"type":"text","content":"Master Planned Community (MPC) EBT of $63 million increases sequentially and year-over-year, driven by the sale of 70 residential acres at an average price of $991,000 per acre","length":181,"tagName":"p"}]},{"val":[{"type":"text","content":"Contra...