Howard Hughes Holdings Inc.HHHEarnings & Financial Report
Howard Hughes Holdings Inc., formerly the Howard Hughes Corporation, is a real estate development and management company based in The Woodlands, Texas. It was formed in 2010 as a spin-off from General Growth Properties (GGP). Most of its holdings are focused on several master-planned communities. It took its name from the original Howard Hughes Corporation, which had developed the planned community of Summerlin, Nevada, and later became a subsidiary of GGP.
HHH Q1 FY2026 Key Financial Metrics
Revenue
$235.9M
Gross Profit
N/A
Operating Profit
$286.8M
Net Profit
$8.1M
Gross Margin
N/A
Operating Margin
121.6%
Net Margin
3.4%
YoY Growth
18.4%
EPS
$0.14
Howard Hughes Holdings Inc. Q1 FY2026 Financial Summary
Howard Hughes Holdings Inc. reported revenue of $235.9M (up 18.4% YoY) for Q1 FY2026, with a net profit of $8.1M (down 25.6% YoY) (3.4% margin).
Key Financial Metrics
| Total Revenue | $235.9M |
|---|---|
| Net Profit | $8.1M |
| Gross Margin | N/A |
| Operating Margin | 121.6% |
| Report Period | Q1 FY2026 |
Revenue Breakdown
Howard Hughes Holdings Inc. Q1 FY2026 revenue of $235.9M breaks down across 5 segments, led by Rental revenue at $113.5M (48.1% of total).
| Segment | Revenue | % of Total |
|---|---|---|
| Rental revenue | $113.5M | 48.1% |
| Master Planned Communities land sales | $99.6M | 42.2% |
| Other revenues | $11.0M | 4.7% |
| Builder price participation | $8.7M | 3.7% |
| Condominium rights and unit sales | $3.1M | 1.3% |
Howard Hughes Holdings Inc. Annual Revenue by Year
Howard Hughes Holdings Inc. annual revenue history includes year-by-year totals (for example, 2025 revenue was $1.5B).
Howard Hughes Holdings Inc. Quarterly Revenue & Net Profit History
Howard Hughes Holdings Inc. results over the last 8 reported quarters, including revenue, net profit and year-over-year growth.
| Quarter | Revenue | Revenue YoY | Net Profit | Net Margin |
|---|---|---|---|---|
| Q1 FY2026 | $235.9M | +18.4% | $8.1M | 3.4% |
| Q4 FY2025 | $624.4M | -33.2% | $6.0M | 1.0% |
| Q3 FY2025 | $390.2M | +19.3% | $119.5M | 30.6% |
| Q2 FY2025 | $260.9M | -17.8% | $-12.1M | -4.7% |
| Q1 FY2025 | $199.3M | +16.5% | $10.5M | 5.3% |
| Q4 FY2024 | $935.0M | — | $156.3M | 16.7% |
| Q3 FY2024 | $327.1M | +21.8% | $72.8M | 22.2% |
| Q2 FY2024 | $317.4M | +42.1% | $21.1M | 6.6% |
Income Statement
| Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $317.4M | $327.1M | $935.0M | $199.3M | $260.9M | $390.2M | $624.4M | $235.9M |
| YoY Growth | 42.1% | 21.8% | N/A | 16.5% | -17.8% | 19.3% | -33.2% | 18.4% |
Balance Sheet
| Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | |
|---|---|---|---|---|---|---|---|---|
| Assets | $9.90B | $9.44B | $9.21B | $9.29B | $10.30B | $10.70B | $10.64B | $11.25B |
| Liabilities | $6.87B | $6.76B | $6.37B | $6.43B | $6.59B | $6.86B | $6.80B | $7.40B |
| Equity | $2.97B | $2.61B | $2.78B | $2.79B | $3.64B | $3.77B | $3.78B | $3.78B |
Cash Flow
| Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|
| Operating CF | $-17.5M | $248.3M | $337.1M | $-224.9M | $177.3M | $149.8M | $360.3M |