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Howard Hughes HHH Operating Assets Segment — Rental property real estate taxes

Other segment segments

Strategic Developments Segment
$521K-4.9%
MPC Segment
$0

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$2.22M+16.5%

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: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, 2026Operating Assets SegmentMPC SegmentStrategic 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 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

Item 1. Financial Statements

FAQ

What is Howard Hughes's operating assets segment — rental property real estate taxes?
Howard Hughes (HHH) reported operating assets segment — rental property real estate taxes of $15.71M in Q1 2026.
How has Howard Hughes's operating assets segment — rental property real estate taxes changed year-over-year?
Howard Hughes's operating assets segment — rental property real estate taxes increased by 6.5% year-over-year, from $14.75M to $15.71M.
What is the long-term trend for Howard Hughes's operating assets segment — rental property real estate taxes?
Over 3 years (2022 to 2025), Howard Hughes's operating assets segment — rental property real estate taxes has grown at a 4.7% compound annual growth rate (CAGR), from $51.07M to $58.58M.
What does operating assets segment — rental property real estate taxes mean?
This represents the property-related tax obligations incurred by the Operating Assets segment for its commercial and retail holdings. These taxes are a significant fixed operating expense that directly impacts the net profitability of the real estate portfolio. Tracking this metric helps in understanding the tax burden associated with the geographic footprint of the assets.

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