Howard Hughes HHH Development Plans — Gain (Loss) on Sale of Properties
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Where this comes from
Reported directly by Howard Hughes in its filing.
Tagged under the XBRL concept us-gaap:GainLossOnSaleOfProperties.
The source filing: Howard Hughes’s 10-Q, filed May 7, 2026.
- Filed
- May 7, 2026, 4:17 PM EDT
- Fiscal quarter
- Q1 FY2026
- Calendar quarter
- Q1 2026
- Accession
- 0001628280-26-032144
Development plans include approximately four million square feet of residential, retail, commercial, and entertainment offerings integrated into a cohesive neighborhood with a central plaza, a network of parks, and public transportation. Foulger-Pratt manages construction of the development. Demolition was completed in 2023, with completion of infrastructure work expected in 2026. During the first quarter of 2026, West End Alexandria completed the sale of 4 acres of land to Aspect Lower Tier JV, which as mentioned above, will utilize the land to develop a multifamily property within the West End Alexandria area. The Company recognized a loss of $5.0 million during the three months ended March 31, 2026, primarily related to its share of the loss on sale of this property.
Item 1. Financial Statements
FAQ
- What is Howard Hughes's development plans — gain (loss) on sale of properties?
- Howard Hughes (HHH) reported development plans — gain (loss) on sale of properties of -$5M in Q1 2026.
- What does development plans — gain (loss) on sale of properties mean?
- This metric reflects the net financial result realized from the disposition of real estate assets within the development segment. It captures the difference between the sale price and the carrying value of the properties sold, indicating the profitability of the company's asset recycling strategy. This figure is essential for evaluating the success of the company's development lifecycle and its ability to generate capital through asset monetization.
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