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Howard Hughes HHH MPC Segment — Operating Income (Loss) Before Other Items

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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 hhh:OperatingIncomeLossBeforeOtherItems.

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
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)
Interest income (expense), net(33,507)21,7124,974
Other income (loss), net191,860(889)
Equity in earnings (losses) from unconsolidated ventures5,877(3,535)(4,982)

Item 1. Financial Statements

FAQ

What is Howard Hughes's MPC segment — operating income (loss) before other items?
Howard Hughes (HHH) reported MPC segment — operating income (loss) before other items of $64.4M in Q1 2026.
How has Howard Hughes's MPC segment — operating income (loss) before other items changed year-over-year?
Howard Hughes's MPC segment — operating income (loss) before other items increased by 39.3% year-over-year, from $46.25M to $64.4M.
What is the long-term trend for Howard Hughes's MPC segment — operating income (loss) before other items?
Over 3 years (2021 to 2025), Howard Hughes's MPC segment — operating income (loss) before other items has grown at a 22.9% compound annual growth rate (CAGR), from $215.9M to $400.85M.
What does MPC segment — operating income (loss) before other items mean?
This metric measures the core profitability of the Master Planned Community segment by subtracting operating costs from segment revenues, excluding non-operating items. It provides a clear view of the segment's ability to generate profit from its primary land development activities.

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