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Howard Hughes HHH Strategic Developments Segment — Operating costs

Other segment segments

Operating Assets Segment
$35.28M+3.1%
MPC Segment
$13.14M+1.1%

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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 strategic developments segment — operating costs?
Howard Hughes (HHH) reported strategic developments segment — operating costs of $4.43M in Q1 2026.
How has Howard Hughes's strategic developments segment — operating costs changed year-over-year?
Howard Hughes's strategic developments segment — operating costs increased by 24.0% year-over-year, from $3.58M to $4.43M.
What is the long-term trend for Howard Hughes's strategic developments segment — operating costs?
Over 3 years (2022 to 2025), Howard Hughes's strategic developments segment — operating costs has grown at a 5.8% compound annual growth rate (CAGR), from $19M to $22.49M.
What does strategic developments segment — operating costs mean?
This metric aggregates the direct expenses incurred to maintain and operate properties within the Strategic Developments segment, excluding depreciation and taxes. It includes costs related to property management, maintenance, and general site operations for development and rental assets. Efficient management of these costs is vital for maximizing the net operating income of the segment.

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