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Howard Hughes Corp.'s Earnings Slip Due to the Timing of Condo Sales [The Motley Fool]

HOWARD HUGHES (HHC)  More Company Research Source: The Motley Fool
Last howard hughes earnings: 5/1 05:59 pm Check Earnings Report
PDF Income from the real estate developer’s operating assets continues to grow. Howard Hughes   ( NYSE:HHC ) is in a bit of a transitional phase right now because the company is wrapping up construction on the first phase of its condo development in Hawaii, which had driven earnings in recent quarters . Consequently, results in the third-quarter slipped against the year-ago period. However, that masked the fact that the company's other segments performed well, led by continued income growth from its operating assets, which should help reduce earnings volatility going forward. Howard Hughes results: The raw numbers Metric Q3 2017 Q3 2016 Year-Over-Year Change NOI from operating assets $37.5 million $31.9 million 17.6% Core FFO $60.1 million $62.9 million (4.5%) Core FFO per share $1.39 $1.47 (5.4%) Data source: Howard Hughes Corp. NOI = net operating income. FFO = [Read more]

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