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Howard Hughes HHH MPC Segment — Operating costs

Other segment segments

Operating Assets Segment
$35.28M+3.1%
Strategic Developments Segment
$4.43M+24.0%

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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:OtherCostAndExpenseOperating.

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
thousands / Three Months Ended March 31, 2026Operating Assets SegmentMPC SegmentStrategic Developments Segment
Total revenues$119,202$112,281$4,407
Condominium rights and unit cost of sales(3,134)
Master Planned Communities cost of sales(34,742)
Operating costs(35,277)(13,135)(4,434)
Rental property real estate taxes(15,707)(521)
(Provision for) recovery of doubtful accounts59
Segment operating income (loss)68,27764,404(3,682)
Depreciation and amortization(45,578)(65)(2,057)

Item 1. Financial Statements

FAQ

What is Howard Hughes's MPC segment — operating costs?
Howard Hughes (HHH) reported MPC segment — operating costs of $13.14M in Q1 2026.
How has Howard Hughes's MPC segment — operating costs changed year-over-year?
Howard Hughes's MPC segment — operating costs increased by 1.1% year-over-year, from $12.99M to $13.14M.
What is the long-term trend for Howard Hughes's MPC segment — operating costs?
Over 3 years (2022 to 2025), Howard Hughes's MPC segment — operating costs has grown at a -5.9% compound annual growth rate (CAGR), from $54.44M to $45.3M.
What does MPC segment — operating costs mean?
This metric encompasses the direct and indirect expenses incurred to develop, maintain, and sell land within the Master Planned Community segment. Monitoring these costs is essential for evaluating the operational efficiency and margin management of the development business.

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