Howard Hughes HHH Business Segments
| Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | ||
|---|---|---|---|---|---|---|
| Revenue by Business | ||||||
| MPC Segment | $112.28M-16.9% | $135.13M-50.2% | $271.58M+89.0% | $143.7M+70.2% | $84.45M-5.4% | |
| Operating Assets Segment | $119.2M+1.1% | $117.94M+0.6% | $117.18M+0.6% | $116.45M+2.1% | $114M+1.3% | |
| Strategic Developments Segment | $4.41M-98.8% | $371.34M+25,334% | $1.46M+104% | $714K-16.4% | $854K-99.9% | |
| Other income (loss), net by Business | ||||||
| MPC Segment | $1.86M+2,718% | $66K+247% | $19K-45.7% | $35K— | $0— | |
| Operating Assets Segment | $19K-98.7% | $1.47M+304% | $363K-42.7% | $634K+423% | -$196K— | |
| Strategic Developments Segment | -$889K+95.4% | -$19.42M-1,040% | $2.07M+1,465% | $132K+110% | -$1.26M-375% | |
| Income (loss) before income taxes by Business | ||||||
| MPC Segment | $84.38M-20.0% | $105.42M-48.6% | $205.01M+100% | $102.41M+61.9% | $63.26M+11.2% | |
| Operating Assets Segment | -$4.91M+62.1% | -$12.96M-79.1% | -$7.24M+23.8% | -$9.5M-518% | $2.27M+542% | |
| Strategic Developments Segment | -$6.64M+73.5% | -$25.01M-320% | $11.34M+1,080% | $961K+180% | -$1.2M-101% | |
| Total Assets by Business | ||||||
| MPC Segment | $3.57B+2.4% | $3.49B+3.2% | $3.38B+1.6% | $3.33B-3.2% | $3.44B+1.9% | |
| Operating Assets Segment | $3.63B+0.7% | $3.61B+2.6% | $3.52B-0.3% | $3.53B-0.1% | $3.53B-0.5% | |
| Strategic Developments Segment | $2.51B+5.5% | $2.38B-5.1% | $2.51B+16.7% | $2.15B+8.7% | $1.98B+7.6% | |
| Operating Income (Loss) Before Other Items by Business | ||||||
| MPC Segment | $64.4M-19.7% | $80.2M-57.4% | $188.4M+119% | $86.01M+86.0% | $46.25M-3.2% | |
| Operating Assets Segment | $68.28M+7.2% | $63.66M-2.8% | $65.47M-2.3% | $66.98M+2.8% | $65.19M+7.4% | |
| Strategic Developments Segment | -$3.68M+57.1% | -$8.58M-171% | -$3.17M+29.2% | -$4.47M-27.3% | -$3.51M-102% | |
| Interest income (expense), net by Business | ||||||
| MPC Segment | $21.71M+4.1% | $20.85M+7.4% | $19.41M+7.2% | $18.11M+7.9% | $16.79M+32.9% | |
| Operating Assets Segment | -$33.51M+2.1% | -$34.24M-0.7% | -$34.01M+0.5% | -$34.17M+0.1% | -$34.22M+0.6% | |
| Strategic Developments Segment | $4.97M-5.5% | $5.26M+22.0% | $4.31M-7.0% | $4.63M-0.3% | $4.65M-17.5% | |
| Rental property real estate taxes by Business | ||||||
| MPC Segment | $0— | $0— | $0— | $0— | $0— | |
| Operating Assets Segment | $15.71M+11.6% | $14.07M-6.2% | $15.01M+1.7% | $14.75M0.0% | $14.75M+5.3% | |
| Strategic Developments Segment | $521K+29.0% | $404K-35.3% | $624K+1.5% | $615K+12.2% | $548K-6.6% | |
| Equity in earnings (losses) from unconsolidated ventures by Business | ||||||
| MPC Segment | -$3.54M— | —— | -$2.72M-65.0% | -$1.65M+66.2% | -$4.88M+13.8% | |
| Operating Assets Segment | $5.88M+1,463% | $376K+179% | $135K+142% | -$325K-107% | $4.64M+162% | |
| Strategic Developments Segment | -$4.98M-5,893% | $86K+50.9% | $57K-34.5% | $87K0.0% | $87K+38.1% | |
| Operating costs by Business | ||||||
| MPC Segment | $13.14M-11.8% | $14.9M+205% | $4.89M-60.9% | $12.52M-3.7% | $12.99M-16.3% | |
| Operating Assets Segment | $35.28M-11.8% | $40.02M+8.0% | $37.05M+8.4% | $34.18M-0.1% | $34.22M-9.1% | |
| Strategic Developments Segment | $4.43M-60.4% | $11.21M+184% | $3.94M+4.9% | $3.76M+5.1% | $3.58M-40.3% | |
| D&A by Business | ||||||
| MPC Segment | $65K-34.3% | $99K-10.0% | $110K+25.0% | $88K-20.7% | $111K0.0% | |
| Operating Assets Segment | $45.58M+3.6% | $44M+1.3% | $43.41M+2.6% | $42.31M-1.9% | $43.12M0.0% | |
| Strategic Developments Segment | $2.06M-12.7% | $2.36M+18.6% | $1.99M+84.8% | $1.08M-7.1% | $1.16M+16.0% | |
| CapEx by Business | ||||||
| MPC Segment | $74K+12.1% | $66K+53.5% | $43K— | $0-100% | $75K+74.4% | |
| Operating Assets Segment | $9.91M-35.2% | $15.3M+42.1% | $10.76M+4.5% | $10.3M+14.7% | $8.98M-57.4% | |
| Strategic Developments Segment | $23.3M+1.8% | $22.9M-44.3% | $41.12M-30.1% | $58.84M+9.3% | $53.83M-10.3% | |
| Provision for (recovery of) doubtful accounts by Business | ||||||
| MPC Segment | $0— | $0— | $0— | $0— | $0— | |
| Operating Assets Segment | -$59K-131% | $191K+155% | -$345K-164% | $542K+447% | -$156K-188% | |
| Strategic Developments Segment | $0— | $0— | $0— | $0— | $0— | |
| Equity Method Investments by Business | ||||||
| MPC Segment | $55.96M-5.2% | $59.01M-1.8% | $60.06M-1.0% | $60.7M-2.5% | $62.26M+2.4% | |
| Operating Assets Segment | $13.26M+24.5% | $10.65M+5.1% | $10.14M+48.7% | $6.82M+75.9% | $3.88M-44.9% | |
| Strategic Developments Segment | $49.58M-18.5% | $60.83M+0.1% | $60.74M+0.1% | $60.69M+0.1% | $60.6M+0.1% | |
| Ownership Interest by Business | ||||||
| MPC Segment | 50%0.0pp | 50%0.0pp | 50%0.0pp | 50%0.0pp | 50%0.0pp | |
| Strategic Developments Segment | 85%+27.0pp | 58%0.0pp | 58%0.0pp | 58%0.0pp | 58%-0.3pp | |
| Revenues from contracts with customers by Product | ||||||
| Builder price participation | $8.68M-32.7% | $12.9M-19.4% | $16.01M+13.3% | $14.14M+52.2% | $9.29M-45.2% | |
| Condominium rights and unit sales | $3.13M-99.2% | $369.48M+260,096% | $142K-26.4% | $193K-43.6% | $342K-100.0% | |
| Master Planned Communities land sales | $99.57M-15.2% | $117.44M-52.7% | $248.47M+98.7% | $125.04M+74.5% | $71.64M+5.7% | |
| Other revenues | $10.98M— | —— | —— | —— | $9.64M— | |
| Cost of Sales by Product | ||||||
| Condominium rights and unit sales | $3.13M-99.1% | $368.3M+624,131% | $59K-92.7% | $811K+235% | $242K-100.0% | |
| Master Planned Communities land sales | $34.74M-13.2% | $40.03M-48.9% | $78.28M+73.3% | $45.18M+79.2% | $25.21M-2.8% |
Chart any of these lines over time, or line them up against competitors.
Compare these in charts →Questions, answered.
- How does Howard Hughes break its business down?
- Howard Hughes (HHH) reports revenue by business across 3 parts — MPC Segment, Operating Assets Segment and Strategic Developments Segment. Each is extracted from the segment footnotes and tracked over time.
- Where does Howard Hughes's segment data come from?
- Segment breakdowns are pulled from the segment footnotes in Howard Hughes's SEC filings (the XBRL dimensional tags), so every line ties back to a reported figure. Switch between quarterly, annual, and TTM, or open any segment for its full history.