NYSE$HHH

Howard Hughes Holdings Inc · Q4 2025 earnings

Q4 2025 earnings · · After market close · Investor relations

Briefing

Howard Hughes Holdings reported Q4 2025, revenue of $624.4M, net income of $5.7M, diluted EPS of $0.10.

For Q4 2025, Howard Hughes Holdings reported revenue of $624.4M, net income of $5.7M, diluted EPS was $0.10. Management discusses segment performance, capital allocation, and outlook in the earnings release.

  • Revenue $624.4M.
  • Net income $5.7M.
  • Diluted EPS $0.10.

Headline financials

Total Revenue

$624M

Previous: $336M+85.9%
EPS (adj)

$0.10

Previous: $0.69-85.5%
MPC EBT

$105M

No prior period
Total Operating Assets NOI

$68M

No prior period
Residential acres sold

91

No prior period
Residential price per acre

$653K

No prior period
New homes sold

477

No prior period
Multifamily NOI

$13.8M

No prior period
Retail NOI

$14.2M

No prior period
Office NOI

$36.1M

No prior period
Condo units contracted to sell

28

No prior period
Stabilized multifamily leased %

93.0%

No prior period
Stabilized office leased %

88.0%

No prior period
Stabilized retail leased %

92.0%

No prior period
Net Income

$5.68M

Previous: $34.4M-83.5%
Operating Income

$26.2M

Previous: $83.3M-68.6%

Revenue & EPS history

Howard Hughes · Revenue · Quarterly

$624M

Q4 2025+85.9%vs Q4 2024
Beat estimate in 2 of 4 quarters(50%)
ActualEstimate

Revenue by segment

Howard Hughes · $482M total across 5 segments · Q4 2022

  • Condominium rights and unit sales
    $217M
  • Master Planned Communities land sales
    $117M
  • Rental revenue
    $103M
  • Other land, rental, property revenues
    $24.6M
  • Builder price participation
    $19.9M

Forward guidance

The release discusses Howard Hughes Holdings's outlook for upcoming periods, including capital allocation, operating priorities, and market risks, without relying solely on numeric EPS bridges.

Tailwinds

  • Howard Hughes Holdings cites operational execution and demand trends supporting the outlook.
  • Balance sheet and liquidity actions aim to fund growth and returns.

Headwinds

  • Macro, pricing, and input-cost volatility could pressure margins.
  • Segment mix and one-time items may affect quarter-to-quarter comparability.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 11 quarterly earnings reports · overlaid with Q4 2025

Historical avgQ4 2025

+0.7%

Avg return

Earnings day

-1.0%

Avg return

5 days after

-0.2%

Avg return

30 days after

45%

5 / 11 earnings

Positive

+11.3%

Q3 2025

Best reaction

-9.7%

Q4 2025

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026+3.5%+1.0%+2.4%
Q4 2025-9.7%-11.5%-25.0%
Q3 2025+11.3%+7.3%+6.5%
Q2 2025+1.7%+4.7%+14.1%
Q1 2025+1.8%+4.3%-0.1%
Q4 2024+0.4%-0.2%+0.3%
Q3 2024-0.4%-1.6%-2.0%
Q2 2024+0.0%-0.4%+13.8%
Q1 2024+0.0%-8.1%-10.3%
Q4 2022+0.0%-3.1%-4.1%
Q3 2022-1.2%-3.1%+2.6%

Discussion

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