Howard Hughes HHH Business Segments
| Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | ||
|---|---|---|---|---|---|---|
| Revenue by Business | ||||||
| MPC Segment | $112.28M+32.9% | $135.13M+51.4% | $271.58M+27.7% | $143.7M-16.5% | $84.45M+72.8% | |
| Operating Assets Segment | $119.2M+4.6% | $117.94M+4.8% | $117.18M+2.8% | $116.45M+5.1% | $114M+6.5% | |
| Strategic Developments Segment | $4.41M+416% | $371.34M-52.5% | $1.46M+189% | $714K+40.3% | $854K+44.0% | |
| Other income (loss), net by Business | ||||||
| MPC Segment | $1.86M— | $66K— | $19K— | $35K— | $0— | |
| Operating Assets Segment | $19K+110% | $1.47M— | $363K+772% | $634K+17.0% | -$196K-148% | |
| Strategic Developments Segment | -$889K+29.6% | -$19.42M-4,332% | $2.07M-97.7% | $132K+876% | -$1.26M-42,167% | |
| Income (loss) before income taxes by Business | ||||||
| MPC Segment | $84.38M+33.4% | $105.42M+85.3% | $205.01M+41.6% | $102.41M-16.9% | $63.26M+161% | |
| Operating Assets Segment | -$4.91M-316% | -$12.96M-2,426% | -$7.24M+43.8% | -$9.5M+21.8% | $2.27M+178% | |
| Strategic Developments Segment | -$6.64M-453% | -$25.01M-112% | $11.34M-85.4% | $961K+132% | -$1.2M+77.9% | |
| Total Assets by Business | ||||||
| MPC Segment | $3.57B+3.9% | $3.49B+3.4% | $3.38B+2.8% | $3.33B-4.9% | $3.44B0.0% | |
| Operating Assets Segment | $3.63B+2.9% | $3.61B+1.6% | $3.52B-0.5% | $3.53B-3.8% | $3.53B-0.9% | |
| Strategic Developments Segment | $2.51B+27.0% | $2.38B+29.5% | $2.51B+7.8% | $2.15B+9.1% | $1.98B+7.3% | |
| Operating Income (Loss) Before Other Items by Business | ||||||
| MPC Segment | $64.4M+39.3% | $80.2M+67.8% | $188.4M+47.1% | $86.01M-15.1% | $46.25M+94.1% | |
| Operating Assets Segment | $68.28M+4.7% | $63.66M+4.9% | $65.47M+0.7% | $66.98M+6.1% | $65.19M+7.1% | |
| Strategic Developments Segment | -$3.68M-4.8% | -$8.58M-104% | -$3.17M+80.1% | -$4.47M-21.0% | -$3.51M+56.4% | |
| Interest income (expense), net by Business | ||||||
| MPC Segment | $21.71M+29.3% | $20.85M+65.1% | $19.41M+18.2% | $18.11M+12.0% | $16.79M+10.1% | |
| Operating Assets Segment | -$33.51M+2.1% | -$34.24M+0.6% | -$34.01M+7.2% | -$34.17M0.0% | -$34.22M-3.9% | |
| Strategic Developments Segment | $4.97M+7.1% | $5.26M-6.6% | $4.31M-1.0% | $4.63M+0.8% | $4.65M+15.5% | |
| Rental property real estate taxes by Business | ||||||
| MPC Segment | $0— | $0— | $0— | $0— | $0— | |
| Operating Assets Segment | $15.71M+6.5% | $14.07M+0.4% | $15.01M+8.1% | $14.75M+2.0% | $14.75M+8.8% | |
| Strategic Developments Segment | $521K-4.9% | $404K-31.2% | $624K+3.1% | $615K-4.5% | $548K-14.9% | |
| Equity in earnings (losses) from unconsolidated ventures by Business | ||||||
| MPC Segment | -$3.54M+27.6% | —— | -$2.72M-400% | -$1.65M-128% | -$4.88M+69.3% | |
| Operating Assets Segment | $5.88M+26.6% | $376K-78.8% | $135K+106% | -$325K-196% | $4.64M-20.2% | |
| Strategic Developments Segment | -$4.98M-5,826% | $86K+36.5% | $57K-51.7% | $87K+142% | $87K+123% | |
| Operating costs by Business | ||||||
| MPC Segment | $13.14M+1.1% | $14.9M-4.0% | $4.89M-59.1% | $12.52M-4.6% | $12.99M+7.0% | |
| Operating Assets Segment | $35.28M+3.1% | $40.02M+6.3% | $37.05M+6.1% | $34.18M+3.9% | $34.22M+4.6% | |
| Strategic Developments Segment | $4.43M+24.0% | $11.21M+87.3% | $3.94M-0.7% | $3.76M+5.6% | $3.58M-13.8% | |
| D&A by Business | ||||||
| MPC Segment | $65K-41.4% | $99K-10.8% | $110K+0.9% | $88K-18.5% | $111K+0.9% | |
| Operating Assets Segment | $45.58M+5.7% | $44M+2.0% | $43.41M+2.7% | $42.31M+1.2% | $43.12M+3.1% | |
| Strategic Developments Segment | $2.06M+77.6% | $2.36M+136% | $1.99M+107% | $1.08M-72.3% | $1.16M-18.4% | |
| CapEx by Business | ||||||
| MPC Segment | $74K-1.3% | $66K+53.5% | $43K-10.4% | $0— | $75K-46.8% | |
| Operating Assets Segment | $9.91M+10.4% | $15.3M-27.4% | $10.76M-34.4% | $10.3M-54.0% | $8.98M+127% | |
| Strategic Developments Segment | $23.3M-56.7% | $22.9M-61.8% | $41.12M-30.6% | $58.84M-4.8% | $53.83M-7.8% | |
| Provision for (recovery of) doubtful accounts by Business | ||||||
| MPC Segment | $0— | $0— | $0— | $0— | $0— | |
| Operating Assets Segment | -$59K+62.2% | $191K+7.9% | -$345K-282% | $542K+112% | -$156K-31.1% | |
| Strategic Developments Segment | $0— | $0— | $0— | $0— | $0— | |
| Equity Method Investments by Business | ||||||
| MPC Segment | $55.96M-10.1% | $59.01M-2.9% | $60.06M+2.6% | $60.7M+5.3% | $62.26M+9.1% | |
| Operating Assets Segment | $13.26M+242% | $10.65M+51.4% | $10.14M+156% | $6.82M+76.1% | $3.88M+4.4% | |
| Strategic Developments Segment | $49.58M-18.2% | $60.83M+0.5% | $60.74M+0.5% | $60.69M+0.6% | $60.6M+0.5% | |
| 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%-0.3pp | 58%0.0pp | 58%0.0pp | 58%0.0pp | |
| Revenues from contracts with customers by Product | ||||||
| Builder price participation | $8.68M-6.5% | $12.9M-23.9% | $16.01M+66.9% | $14.14M+9.6% | $9.29M-26.1% | |
| Condominium rights and unit sales | $3.13M+816% | $369.48M-52.5% | $142K+4,633% | $193K— | $342K+1,387% | |
| Master Planned Communities land sales | $99.57M+39.0% | $117.44M+73.3% | $248.47M+25.3% | $125.04M-19.2% | $71.64M+121% | |
| Other revenues | $10.98M+13.8% | —— | —— | —— | $9.64M— | |
| Cost of Sales by Product | ||||||
| Condominium rights and unit sales | $3.13M+1,195% | $368.3M-35.0% | $59K-99.5% | $811K— | $242K-93.7% | |
| Master Planned Communities land sales | $34.74M+37.8% | $40.03M+54.3% | $78.28M+7.9% | $45.18M-21.8% | $25.21M+95.4% |
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.