vs
Side-by-side financial comparison of Howard Hughes Holdings Inc. (HHH) and Piedmont Realty Trust, Inc. (PDM). Click either name above to swap in a different company.
Howard Hughes Holdings Inc. is the larger business by last-quarter revenue ($235.9M vs $143.3M, roughly 1.6× Piedmont Realty Trust, Inc.). Howard Hughes Holdings Inc. runs the higher net margin — 3.4% vs -31.4%, a 34.8% gap on every dollar of revenue. On growth, Howard Hughes Holdings Inc. posted the faster year-over-year revenue change (18.4% vs 0.4%). Over the past eight quarters, Piedmont Realty Trust, Inc.'s revenue compounded faster (0.0% CAGR vs -13.8%).
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.
Piedmont Realty Trust, Inc. is a publicly traded real estate investment trust (REIT) that owns, operates, and invests in high-quality office properties primarily located in high-growth metropolitan areas across the United States. It serves corporate tenants across multiple industry sectors including technology, professional services, and healthcare, and pursues stable long-term returns for stakeholders via strategic property management and portfolio optimization.
HHH vs PDM — Head-to-Head
Income Statement — Q1 FY2026 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $235.9M | $143.3M |
| Net Profit | $8.1M | $-45.0M |
| Gross Margin | — | — |
| Operating Margin | 121.6% | — |
| Net Margin | 3.4% | -31.4% |
| Revenue YoY | 18.4% | 0.4% |
| Net Profit YoY | -25.6% | -27.9% |
| EPS (diluted) | $0.14 | $-0.10 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q1 26 | $235.9M | $143.3M | ||
| Q4 25 | $624.4M | $142.9M | ||
| Q3 25 | $390.2M | $139.2M | ||
| Q2 25 | $260.9M | $140.3M | ||
| Q1 25 | $199.3M | $142.7M | ||
| Q4 24 | $935.0M | $143.2M | ||
| Q3 24 | $327.1M | $139.3M | ||
| Q2 24 | $317.4M | $143.3M |
| Q1 26 | $8.1M | $-45.0M | ||
| Q4 25 | $6.0M | $-43.2M | ||
| Q3 25 | $119.5M | $-13.5M | ||
| Q2 25 | $-12.1M | $-16.8M | ||
| Q1 25 | $10.5M | $-10.1M | ||
| Q4 24 | $156.3M | $-30.0M | ||
| Q3 24 | $72.8M | $-11.5M | ||
| Q2 24 | $21.1M | $-9.8M |
| Q1 26 | 121.6% | — | ||
| Q4 25 | 4.2% | — | ||
| Q3 25 | 48.6% | — | ||
| Q2 25 | 26.0% | — | ||
| Q1 25 | 24.0% | — | ||
| Q4 24 | 33.5% | — | ||
| Q3 24 | 60.6% | — | ||
| Q2 24 | 20.4% | — |
| Q1 26 | 3.4% | -31.4% | ||
| Q4 25 | 1.0% | -30.3% | ||
| Q3 25 | 30.6% | -9.7% | ||
| Q2 25 | -4.7% | -12.0% | ||
| Q1 25 | 5.3% | -7.1% | ||
| Q4 24 | 16.7% | -20.9% | ||
| Q3 24 | 22.2% | -8.3% | ||
| Q2 24 | 6.6% | -6.8% |
| Q1 26 | $0.14 | $-0.10 | ||
| Q4 25 | $0.20 | $-0.34 | ||
| Q3 25 | $2.02 | $-0.11 | ||
| Q2 25 | $-0.22 | $-0.14 | ||
| Q1 25 | $0.21 | $-0.08 | ||
| Q4 24 | $3.14 | $-0.25 | ||
| Q3 24 | $1.46 | $-0.09 | ||
| Q2 24 | $0.42 | $-0.08 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $1.8B | $2.3M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $3.8B | $1.5B |
| Total Assets | $11.2B | $4.0B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $1.8B | $2.3M | ||
| Q4 25 | $1.5B | $731.0K | ||
| Q3 25 | $1.5B | $3.0M | ||
| Q2 25 | $1.4B | $3.3M | ||
| Q1 25 | $493.7M | $2.9M | ||
| Q4 24 | $596.1M | $109.6M | ||
| Q3 24 | $400.7M | $133.6M | ||
| Q2 24 | $436.8M | $138.5M |
| Q1 26 | — | — | ||
| Q4 25 | $5.1B | $2.2B | ||
| Q3 25 | — | $2.2B | ||
| Q2 25 | — | $2.2B | ||
| Q1 25 | — | $2.2B | ||
| Q4 24 | $5.1B | $2.2B | ||
| Q3 24 | — | $2.2B | ||
| Q2 24 | — | $2.2B |
| Q1 26 | $3.8B | $1.5B | ||
| Q4 25 | $3.8B | $1.5B | ||
| Q3 25 | $3.8B | $1.5B | ||
| Q2 25 | $3.6B | $1.5B | ||
| Q1 25 | $2.8B | $1.6B | ||
| Q4 24 | $2.8B | $1.6B | ||
| Q3 24 | $2.6B | $1.6B | ||
| Q2 24 | $3.0B | $1.7B |
| Q1 26 | $11.2B | $4.0B | ||
| Q4 25 | $10.6B | $4.0B | ||
| Q3 25 | $10.7B | $4.0B | ||
| Q2 25 | $10.3B | $4.0B | ||
| Q1 25 | $9.3B | $4.0B | ||
| Q4 24 | $9.2B | $4.1B | ||
| Q3 24 | $9.4B | $4.1B | ||
| Q2 24 | $9.9B | $4.2B |
| Q1 26 | — | — | ||
| Q4 25 | 1.35× | 1.49× | ||
| Q3 25 | — | 1.43× | ||
| Q2 25 | — | 1.41× | ||
| Q1 25 | — | 1.40× | ||
| Q4 24 | 1.85× | 1.40× | ||
| Q3 24 | — | 1.36× | ||
| Q2 24 | — | 1.34× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
HHH
| Rental revenue | $113.5M | 48% |
| Master Planned Communities land sales | $99.6M | 42% |
| Other revenues | $11.0M | 5% |
| Builder price participation | $8.7M | 4% |
| Condominium rights and unit sales | $3.1M | 1% |
PDM
Segment breakdown not available.
