Howard Hughes (HHH) Q2 EPS Falls 123%
Howard Hughes (NYSE:HHH), a leading developer of master planned communities and mixed-use real estate, reported earnings for Q2 FY2025 on August 6, 2025. The headline news from the release was a significant miss on traditional accounting metrics, with GAAP revenue and diluted earnings per share both falling well short of Wall Street estimates due to a sizable non-cash charge tied to the accelerated sale of MUD receivables. Reported GAAP diluted earnings per share was $(0.22), considerably below the $0.76 expected, and GAAP revenue reached $35 million compared to the $284.11 million estimate. Despite these headline misses, the quarter saw strong operational performance in the core business: net operating income from operating assets (non-GAAP) hit a record, cash levels improved dramatically, and management raised full-year guidance for key operational and financial measures. The period was marked by robust pricing in land sales, successful strategic investment activity, and expanded plans for the remainder of fiscal 2025.
Source: Analyst estimates provided by FactSet. Management expectations based on management's guidance, as provided in Q1 2025 earnings report.
Howard Hughes operates as a major real estate development and management company, specializing in master planned communities (MPCs). These are large-scale, mixed-use neighborhoods integrating homes, offices, shopping centers, parks, and entertainment over thousands of acres. Its projects include Summerlin in Nevada, The Woodlands and Bridgeland in Texas, and Ward Village in Hawai'i. These assets generate value through residential and commercial land sales and ongoing income from rental properties.
Source Fool.com
