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Howard Hughes HHH Construction in progress

Construction in progress at other companies

Equity ResidentialEQR

$85.97M-40.6%

AvalonBay CommunitiesAVB

$1.58B+31.5%

Highwoods PropertiesHIW

$0—

Mid-America Apartment CommunitiesMAA

$369.88M-23.8%

UDRUDR

$91.74M+174%

Invitation HomesINVH

——

Other financials

Income statement

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

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

Operating cash flow-$229.4M-2.0%

CapEx$14.8M+9.8%

Free cash flow-$244.2M-2.4%

Valuation

Market cap$3.99B+1.0%

Enterprise value$1.5B-55.6%

P/E32.8×+17.7×

P/S2.6×+0.4×

Profitability

Operating margin22.1%-11.1pp

Net margin8%-6.5pp

FCF margin27.2%+11.1pp

Returns & leverage

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:DevelopmentInProcess.

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 construction in progress?: Howard Hughes (HHH) reported construction in progress of $1.57B in Q1 2026.
How has Howard Hughes's construction in progress changed year-over-year?: Howard Hughes's construction in progress increased by 2.2% year-over-year, from $1.54B to $1.57B.
What is the long-term trend for Howard Hughes's construction in progress?: Over 3 years (2022 to 2025), Howard Hughes's construction in progress has grown at a 9.5% compound annual growth rate (CAGR), from $1.13B to $1.48B.
What does construction in progress mean?: Costs accumulated for facilities, equipment, or infrastructure projects under construction — not yet placed in service or generating revenue.