What does MPC segment — rental property real estate taxes mean?

This represents the property tax expenses associated with real estate assets held for rental within the Master Planned Community segment. It reflects the recurring tax burden of the company's income-producing property portfolio.

Howard Hughes (HHH) MPC Segment — Rental property real estate taxes

Screener

Other segment segments

Operating Assets Segment

$15.71M+6.5%

Strategic Developments Segment

$521K-4.9%

Similar metrics at other companies

AATRetail — Real estate taxes

$3.39M+4.9%

ELSProperty Operations — Real estate taxes

$21.83M-0.1%

UEReportable Segment — Real estate taxes

$17.07M+1.3%

CSRMultifamily — Real estate taxes

$7.14M+6.1%

AATMultifamily — Real estate taxes

$2.22M+16.5%

AATOffice — Real estate taxes

$5.27M+9.2%

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 / equity0×0.0×

Where this comes from

Reported directly by Howard Hughes in its filing.

Tagged under the XBRL concept us-gaap:RealEstateTaxExpense.

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, 2026	Operating Assets Segment	MPC Segment	Strategic Developments Segment
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 accounts	59	—	—
Segment operating income (loss)	68,277	64,404	(3,682)
Depreciation and amortization	(45,578)	(65)	(2,057)
Interest income (expense), net	(33,507)	21,712	4,974

Item 1. Financial Statements

FAQ

What is Howard Hughes's MPC segment — rental property real estate taxes?: Howard Hughes (HHH) reported MPC segment — rental property real estate taxes of $0 in Q1 2026.
What does MPC segment — rental property real estate taxes mean?: This represents the property tax expenses associated with real estate assets held for rental within the Master Planned Community segment. It reflects the recurring tax burden of the company's income-producing property portfolio.