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Howard Hughes Holdings Inc. (HHH)
NYSE:HHH
Earnings Data
Report Date
May 13, 2026After Close (Confirmed)
Period Ending
2026 (Q1)Consensus EPS Forecast
0.24Last Year’s EPS
0.21Same Quarter Last Year
Moderate Buy
Based on 3 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call emphasized multiple record operating achievements (record MPC EBT, record NOI, strongest condo contracting year), clear near-term guidance, strong capital markets execution (tightest credit spreads, S&P upgrade), and a transformational M&A plan to acquire Vantage that would diversify earnings and target higher returns. Key near-term headwinds include the lumpy nature of MPC/condo earnings, temporary GAAP margin pressure from infrastructure allocations (Park Ward Village), and the fact that the Vantage transaction and some fee arrangements are not yet finalized. On balance, the positive operating performance, constructive 2026 guidance, refinancing success, and strategic outlook for Vantage and portfolio monetization outweigh the transient lowlights.Company Guidance
Record MPC Earnings and Strong Land Pricing
Master Planned Communities (MPC) EBT reached a record $476,000,000 in 2025; sold 621 residential acres at an average $890,000 per acre. Excluding a bulk Summerlin sale, finished residential land sold at a record $1,700,000 per acre, demonstrating strong pricing power and embedded value.
Operating Assets Delivered Record NOI
Full-year operating NOI was $276,000,000, up 8% year-over-year. Same-store office NOI increased 11% and multifamily NOI increased 6%, driven by strong leasing momentum and disciplined asset management.
Best Ever Condominium Contracting
Condominium platform contracted $1,600,000,000 of future condo revenue in 2025 (the strongest year in company history). Key projects remain substantially presold: The Park Ward Village 97% and Koʻula 93% presold.
Large, Visible Condo Backlog with Attractive Economics
Condos under construction and predevelopment represent approximately $5,000,000,000 of remaining expected gross revenue, with an estimated $1,300,000,000 in profits at a 25% margin. Management expects ~40% of revenues to be recognized in 2026-2027 and ~60% in 2028-2030.
2026 Consolidated Cash Flow & Segment Guidance
Company provided normalized 2026 guidance: adjusted operating cash flow $415,000,000 to $465,000,000; MPC EBT guidance $343,000,000 to $391,000,000 (decline largely due to absence of Summerlin bulk sale); operating NOI guidance $279,000,000 to $290,000,000 (implied +1% to +5% vs 2025).
Strategic Growth Initiatives and New Projects
Grand opening of Terra Vallis (37,000 acres entitled for up to 100,000 homes) and announcement of Toro District (83-acre sports & entertainment development anchored by Houston Texans HQ) underline long-duration growth opportunities and land activation capabilities.
Vantage Acquisition Expected to Diversify and Enhance Returns
Planned acquisition of Vantage (a $2.1 billion insurance asset) expected to close by mid-2026. Management expects Vantage to be profitable, to benefit from Pershing Square investment management (shifting toward higher-return equities), and to provide diversified, high-ROE earnings for the holding company.
Capital Markets Execution and Balance Sheet Strength
Refinanced and upsized 2028 notes to $1,000,000,000 with tranches due 2032 and 2034 achieving tightest credit spreads in company history (191 bps and 198 bps vs prior best 295 bps), and received a modest S&P upgrade. Management described conservative financing for Vantage and a 0% coupon Pershing preferred up to $1,000,000,000.
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
HHH Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Feb 19, 2026 | $82.25 | $74.26 | -9.71% |
Nov 10, 2025 | $80.09 | $89.14 | +11.30% |
Aug 06, 2025 | $69.13 | $70.30 | +1.69% |
May 07, 2025 | $68.70 | $69.92 | +1.78% |
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.
FAQ
When does Howard Hughes Holdings Inc. (HHH) report earnings?
Howard Hughes Holdings Inc. (HHH) is schdueled to report earning on May 13, 2026, After Close (Confirmed).
What is Howard Hughes Holdings Inc. (HHH) earnings time?
Howard Hughes Holdings Inc. (HHH) earnings time is at May 13, 2026, After Close (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 2026 (Q1) is 0.24.