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Howard Hughes HHH MPC Segment — CapEx

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Strategic Developments Segment
$23.3M-56.7%
Operating Assets Segment
$9.91M+10.4%

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Other financials

Income statement

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Revenue$235.9M+18.4%
Operating income$50.7M+5.7%
Net income$8.2M-21.9%
EPS (diluted)$0.14-33.3%

Balance sheet

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Cash & equivalents$2.5B+197%
Total debt$4.8M-11.9%
Total equity$3.8B+35.7%
Total assets$11.2B+21.1%

Cash flow

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Operating cash flow-$229.4M-2.0%
CapEx$14.8M+9.8%
Free cash flow-$244.2M-2.4%

Valuation

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Market cap$4.06B-1.0%
Enterprise value$1.58B-31.7%
P/E33.4×+15.4×
P/S2.7×+0.4×

Profitability

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Operating margin22.1%-11.1pp
Net margin8%-6.5pp
FCF margin27.2%+11.1pp

Returns & leverage

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Return on equity3.7%-5.4pp
Debt / equity0.0×

Where this comes from

Reported directly by Howard Hughes in its filing.

Tagged under the XBRL concept us-gaap:SegmentExpenditureAdditionToLongLivedAssets.

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
thousandsThree Months Ended March 31, 20262025
Operating Assets$9,911$8,976
Master Planned Communities7475
Strategic Developments23,29653,834

Item 1. Financial Statements

FAQ

What is Howard Hughes's MPC segment — capex?
Howard Hughes (HHH) reported MPC segment — capex of $74K in Q1 2026.
How has Howard Hughes's MPC segment — capex changed year-over-year?
Howard Hughes's MPC segment — capex decreased by 1.3% year-over-year, from $75K to $74K.
What is the long-term trend for Howard Hughes's MPC segment — capex?
Over 2 years (2023 to 2025), Howard Hughes's MPC segment — capex has grown at a -27.6% compound annual growth rate (CAGR), from $351K to $184K.
What does MPC segment — capex mean?
This metric tracks the cash outflows used by the Master Planned Communities segment to acquire, upgrade, or maintain physical assets such as land development infrastructure and community amenities. It reflects the level of investment in future growth and the maintenance of existing project value. High levels of expenditure indicate active development and long-term investment in the segment's portfolio.

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