Howard Hughes Holdings Inc. (HHH)
NYSE:HHH
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Earnings Data
Report Date
Jul 24, 2026After Close (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
0.79Last Year’s EPS
-0.22Same Quarter Last Year
Moderate Buy
Based on 3 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call presented a predominantly positive operational and strategic picture: MPC earnings and pricing showed strong momentum (MPC EBT +33% YoY), operating NOI grew (2% YoY, 7% TTM), and the company strengthened liquidity and executed a favorable refinancing. Management introduced clearer KPIs, outlined a large, de‑risked condo pipeline (~$5B future GAAP revenue at sell-up), and laid out a strategic plan to deploy $2.5–$3.0B of cash into higher‑return insurance opportunities via the Vantage acquisition (on track to close in Q2). Near-term negatives are limited to lumpy condo GAAP timing (breakeven in Q1), incremental G&A/transaction costs ($3.4M Vantage-related), and removal of annual guidance, plus a continued disconnect between management’s valuation and the current market price. Overall, the highlights materially outweigh the lowlights, driven by strong cash generation, improved liquidity, strategic acquisition upside, and clearer long-term metrics.Company Guidance
Strong MPC Earnings Growth
Master Planned Community (MPC) earnings before taxes (EBT) were $84 million in Q1, up 33% year-over-year, driven by higher residential land sales and pricing power in key communities.
Residential Sales and Pricing Momentum
Bridgeland land closings increased to 62 acres (versus 37 acres last year) with materially higher average realized pricing; net new home sales in Bridgeland rose 12% and Summerlin new home sales rose 6%. Summerlin custom lots and super pads reported higher per‑acre realizations.
Recurring Operating Asset Cash Flow Growth
Operating asset NOI grew 2% year-over-year and 7% on a trailing twelve-month same-store basis, led by multifamily and office leasing momentum and the burn-off of rent abatements. Company introduced adjusted maintenance free cash flow to show recurring property-level cash available to redeploy.
Condo Pipeline and De‑Risked Development
Ward Village activity: completed ‘Ōlana and broke ground on Lē‘ahi (70% presold). Company cites approximately $5 billion of estimated future GAAP revenue at sell-up across the condo platform and emphasizes that condo projects are largely presold and financed with buyer deposits and nonrecourse construction loans, making them capital-recycling engines.
Balance Sheet Strength and Liquidity
Completed a $1.0 billion refinancing at historically tight credit spreads in Q1, added $230 million incremental liquidity, closed a $300 million mortgage at Downtown Summerlin, and finished the quarter with approximately $1.8 billion of cash (including $929 million at the HHC level). Pershing preferred commitment and cash position fully fund the planned Vantage acquisition.
Strategic Acquisition and Valuation Upside
Vantage acquisition on track to close in Q2 (May 19 regulatory hearing). Management estimates conservative intrinsic value of the company at $104 per share (≈60% above the ~$65 trading price) and a five-year intrinsic value target of about $211 per share (≈233% above current price). Expect to generate $2.5–$3.0 billion of cash over the next five years to deploy, with substantial value creation tied to improving Vantage returns (purchase price ~1.5x book; expected ~1.4x at close; target >2x book value over five years).
Board and Management Strengthening
Added Mark Grandison (former Arch CEO) to the board to support insurance strategy and oversight, signaling a strengthened governance capability for the planned pivot into insurance.
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 |
|---|---|---|---|
May 07, 2026 | $63.52 | $65.77 | +3.54% |
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% |
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 Jul 24, 2026, After Close (Confirmed).
What is Howard Hughes Holdings Inc. (HHH) earnings time?
Howard Hughes Holdings Inc. (HHH) earnings time is at Jul 24, 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 (Q2) is 0.79.