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Howard Hughes HHH Operating Assets Segment — Operating costs

Other segment segments

MPC Segment
$13.14M+1.1%
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 operating assets segment — operating costs?
Howard Hughes (HHH) reported operating assets segment — operating costs of $35.28M in Q1 2026.
How has Howard Hughes's operating assets segment — operating costs changed year-over-year?
Howard Hughes's operating assets segment — operating costs increased by 3.1% year-over-year, from $34.22M to $35.28M.
What is the long-term trend for Howard Hughes's operating assets segment — operating costs?
Over 3 years (2022 to 2025), Howard Hughes's operating assets segment — operating costs has grown at a 7.1% compound annual growth rate (CAGR), from $118.42M to $145.46M.
What does operating assets segment — operating costs mean?
This metric encompasses the direct costs associated with maintaining and operating the commercial, mixed-use, and retail properties within the segment. It includes expenses such as property management, utilities, maintenance, and insurance. Efficient management of these costs is essential for maximizing the net operating income of the property portfolio.

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