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

Other segment segments

Operating Assets Segment

$15.71M+6.5%

Strategic Developments Segment

$521K-4.9%

Similar metrics at other companies

KIMReal Estate Rental Operations — Real Estate Tax Expense

$72.84M+4.2%

STWDProperty Segment — Costs of rental operations

$7.26M+20.6%

UEReportable Segment — Real estate taxes

$17.07M+1.3%

SUIMH — Real estate tax

$19.8M+11.9%

CPTReportable Segment — Real Estate Tax Expense

$49.89M+0.3%

NSAReportable Segment — Property tax expense

$16.44M+3.3%

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$4.01B+1.0%

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 official record: Howard Hughes’s 10-Q, filed May 7, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

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.