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Howard Hughes Holdings (HHH)
NYSE:HHH
RESEARCH TOOLSreports
Earnings Data
Report Date
May 07, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
3.08Last Year’s EPS
-1.01Same Quarter Last Year
Strong Buy
Based on 3 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Feb 26, 2025
|% Change Since: 4.56%
|Next Earnings Date:May 07, 2025
Earnings Call Sentiment|Positive
The earnings call highlighted strong financial performance across multiple segments, with record results in MPC EBT and operating asset NOI. However, challenges such as a decline in commercial land sales, expected short-term reductions in retail NOI, and tenant vacancies in office spaces were noted. The company's strategic initiatives and financing achievements indicate a positive outlook for 2025.Company Guidance
During Howard Hughes Holdings Inc.'s fourth quarter 2024 earnings call, the company provided a comprehensive review of its performance and 2025 guidance. The call highlighted record Master Planned Community (MPC) earnings before taxes (EBT) of $349 million, driven by record residential land sales revenue and an average price per acre. Operating assets delivered a record net operating income (NOI) of $257 million, marking a 6% year-over-year increase. For 2025, the company expects MPC EBT to grow by 5% to 10%, with a projected midpoint of $375 million, while operating asset NOI is anticipated to be flat to up 4%, reaching approximately $262 million. Condo sales revenue is projected to be around $375 million, with no gross profit expected from the sold-out Ulana workforce housing project. The company also introduced a new guidance metric, adjusted operating cash flows, expected to range between $320 million and $375 million, with a midpoint of $350 million for 2025. Howard Hughes Holdings reported a strong liquidity position, with $596 million in cash and over $900 million in available liquidity, reinforcing its ability to fund development projects and strategic initiatives.Record MPC Earnings Before Taxes
The company achieved a record MPC EBT of $349 million, exceeding guidance by $19 million and surpassing 2023's record results by 2%.
Strong Operating Asset NOI Growth
Operating assets delivered record NOI of $257 million, marking a 6% increase year over year, with multifamily NOI growing by 13% over the prior year.
Successful Condo Sales
Victoria Place in Hawaii was sold out, generating record condo revenue of $779 million with a gross margin of 27%.
Significant Financing Achievements
Over $860 million in financings were executed, including two significant condo construction loans totaling $680 million.
Anticipated Strong Performance in 2025
The company projects another strong year in its MPC segment with expected growth in residential land sales and increased custom lot sales.
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HHH Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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HHH Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Feb 26, 2025 | $74.10 | $77.42 | +4.48% |
| Nov 04, 2024 | $75.93 | $80.95 | +6.61% |
| Jul 26, 2024 | $67.14 | $70.85 | +5.53% |
| May 08, 2024 | $63.72 | $64.18 | +0.72% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Howard Hughes Holdings (HHH) report earnings?
Howard Hughes Holdings (HHH) is schdueled to report earning on May 07, 2025, TBA Not Confirmed.
What is Howard Hughes Holdings (HHH) earnings time?
Howard Hughes Holdings (HHH) earnings time is at May 07, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is HHH EPS forecast?
HHH EPS forecast for the fiscal quarter 2025 (Q1) is 3.08.
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