Inferra AI / Company / HHH

Howard Hughes Holdings Inc.

HHH · Real Estate

Last earnings Aug 5, 2026

Key results

Net incomequarter

$158.4 million

Second Quarter 2026 Highlights Net income attributable to common stockholders was $158.4 million for the quarter, compared to a net loss of $12.1 million in the prior-year period.

SEC original ↗Howard Hughes Holdings Inc. — Earnings release (8-K exhibit)EX-99Aug 5, 2026

Operating Assets Net operating incomequarter

$70.5 million

The real estate platform delivered Master Planned Communities (MPC) EBT of $134.7 million and Total Operating Assets Net Operating Income (NOI) of $70.5 million in the quarter.

SEC original ↗Howard Hughes Holdings Inc. — Earnings release (8-K exhibit)EX-99Aug 5, 2026

Free cash flowquarter

13%

free cash flow decreased 13% during the quarter compared to the prior period due to higher net interest expense and elevated leasing costs resulting from positive leasing momentum

SEC original ↗Howard Hughes Holdings Inc. — Presentation / slide deck (8-K exhibit)EX-99Aug 5, 2026

AI analysis

Q2 2026 · reported Aug 5, 2026

Based on: Earnings release + Q2 2026 deck + parent 8-K + 10-Q — transcript not held

Net income · Q2 2026

$158.4M

EX-99 · Aug 5, 2026

Operating Assets Net operating income · Q2 2026

$70.5M

EX-99 · Aug 5, 2026

Headline figures

Metric	Q2 2026	Prior qtr	Year ago
Net income	$158.4 million	—	—
Operating Assets Net operating income	$70.5 million	—	—
Free cash flow	13%	—	—

EX-99 · Aug 5, 2026

Guidance · company-stated

No guidance located in the held release

Next earningsNo verified date on fileNo date is estimated or imported

Cash flow & capex

Free cash flow13%

Capital allocation

The preferred stock carries no current cash dividend and may be repurchased by the Company pursuant to its terms.

Net Investment Results and Total Investment Return Net investment results represents net investment income together with realized and unrealized gains and losses generated by our investment portfolio, including dividend income on common equity securities, in each case calculated on a pre-tax basis and before investment expenses.

General educational research only — not investment advice.Every figure is as stated in the held documents; values marked “computed from stated figures” are arithmetic on those stated figures. Guidance shown is the company’s own stated guidance. No price targets, no recommendations, no consensus estimates.

Event summary

REPORTS SECOND QUARTER 2026 RESULTS

Based on: Earnings release + Q2 2026 deck + parent 8-K + 10-Q — transcript not held

Guidance & outlook

No guidance located in the held release

Capital allocation

The preferred stock carries no current cash dividend and may be repurchased by the Company pursuant to its terms.

SEC original ↗Howard Hughes Holdings Inc. — Earnings release (8-K exhibit)EX-99Aug 5, 2026

SEC original ↗Howard Hughes Holdings Inc. — Presentation / slide deck (8-K exhibit)EX-99Aug 5, 2026

Investment return on the common equity portfolio is calculated as net investment results for the period (comprising dividends and realized and unrealized gains and losses) divided by the beginning-of-period portfolio balance, adjusted for any incremental acquisitions of common equity securities at cost, and is presented for the quarterly period.

SEC original ↗Howard Hughes Holdings Inc. — Presentation / slide deck (8-K exhibit)EX-99Aug 5, 2026

Strong liquidity position of $2,648.0 million of cash and cash equivalents, including cash held at Vantage, $515.0 million of undrawn capacity on the Secured Bridgeland Notes, $1.0 billion of undrawn lender commitments available for property development, and limited near-term debt maturities, all as of June 30, 2026.

SEC original ↗Howard Hughes Holdings Inc. — Earnings release (8-K exhibit)EX-99Aug 5, 2026

Strategic Developments Howard Hughes Communities completed construction of The Park Ward Village and closed sales of 97% of its units during the quarter, generating $226.6 million of net proceeds after repayment of debt.

SEC original ↗Howard Hughes Holdings Inc. — Earnings release (8-K exhibit)EX-99Aug 5, 2026

NOI excludes straight-line rents and amortization of tenant incentives, net interest expense, net ground rent amortization demolition costs other income (loss) depreciation and amortization development-related marketing costs gain on sale or disposal of real estate and other assets, net loss on extinguishment of debt provision for impairment and equity in earnings from unconsolidated ventures.

SEC original ↗Howard Hughes Holdings Inc. — Earnings release (8-K exhibit)EX-99Aug 5, 2026

Strategy & priorities

SEC original ↗Howard Hughes Holdings Inc. — Earnings release (8-K exhibit)EX-99Aug 5, 2026

(NYSE HHH) is a diversified holding company focused on growing long-term shareholder value.

SEC original ↗Howard Hughes Holdings Inc. — Earnings release (8-K exhibit)EX-99Aug 5, 2026

Management believes the updated definition provides a more meaningful measure of the Company s leverage by (i) focusing on obligations for which the Company has primary responsibility and control and (ii) using a more conservative measure of liquidity that reflects only readily available cash resources.

SEC original ↗Howard Hughes Holdings Inc. — Presentation / slide deck (8-K exhibit)EX-99Aug 5, 2026

These include a real estate development subsidiary that operates a large-scale, mixed-use real estate platform focused on the development of master planned communities (MPCs), the investment in strategic real estate development opportunities, and the ownership and operation of income-producing properties, and a specialty insurance and reinsurance subsidiary, which provides property, casualty, and specialty insurance and reinsurance.

SEC original ↗Howard Hughes Holdings Inc. — 10-Q Quarterly report10-QAug 5, 2026

The Company periodically evaluates strategic alternatives with respect to each property and may revise the strategy from time to time, including the intent to hold the asset on a long-term basis or the timing of potential asset dispositions.

SEC original ↗Howard Hughes Holdings Inc. — 10-Q Quarterly report10-QAug 5, 2026

Risks & headwinds

Legal Proceedings 71 Item 1A.

SEC original ↗Howard Hughes Holdings Inc. — 10-Q Quarterly report10-QAug 5, 2026

Reinsurance recoverable related to IBNR is generally developed as part of the Company s loss reserving process, therefore, its estimation is subject to similar risks and uncertainties as the estimation of IBNR.

SEC original ↗Howard Hughes Holdings Inc. — 10-Q Quarterly report10-QAug 5, 2026

Variable consideration is recognized in revenue only to the extent that it is probable that a significant reversal will not occur when the related uncertainty is resolved.

SEC original ↗Howard Hughes Holdings Inc. — 10-Q Quarterly report10-QAug 5, 2026

Reserves for claims and claim expenses are subject to considerable estimation error due to the inherent uncertainty in projecting ultimate claim cost.

SEC original ↗Howard Hughes Holdings Inc. — 10-Q Quarterly report10-QAug 5, 2026

Documents

Earnings deck slides

0 decks with slide view

Howard Hughes Holdings Inc. — Presentation / slide deck (8-K exhibit) — Slide view unavailable — this deck was filed as a web document, whose text has no page boundaries.

Competitors