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Stock impact report

Howard Hughes Holdings Inc. Reports First Quarter 2024 Results

Howard Hughes Holdings Inc. (HHH) 
Company Research Source: GlobeNewswire
THE WOODLANDS, Texas, May 08, 2024 (GLOBE NEWSWIRE) -- Howard Hughes Holdings Inc. (NYSE: HHH) (the “Company,” “HHH,” or “we”) today announced operating results for the first quarter ended March 31, 2024. The financial statements, exhibits, and reconciliations of non-GAAP measures in the attached Appendix and the Supplemental Information, as available through the Investors section of our website, provide further detail of these results. First Quarter 2024 Highlights: Net loss per diluted share of $(1.06) compared to $(0.46) in the prior-year period primarily related to reduced commercial land sales, lower equity earnings from The Summit, and increased G&A expenses associated with the anticipated spinoff of Seaport EntertainmentFull-year 2024 guidance is unchanged with segment mid-point projections for MPC EBT of $300 million, Operating Asset NOI of $250 million, and condo sales of $700 million with gross margins of 29%Total Operating Assets NOI of $63 million increased 7% year-ove Show less Read more
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