secwatch.observer — SEC 8-K summary
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Issuer:     Howard Hughes Holdings Inc. (HHH)
CIK:        0001981792
Form:       8-K
Filed at:   2023-11-06T23:59:59+00:00
Accession:  0001628280-23-037016
Event type: earnings
Sentiment:  negative
Materiality: 0.85
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

HHH reports Q3 net loss $544M on $555M Seaport impairment; raises guidance
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- Net loss of $544.2M ($10.97/share) includes $555M after-tax Seaport impairment; prior year net income was $108.1M.
- MPC EBT $84.8M (+12% YoY); price per acre record $913k (+16%); full-year guidance raised to ~$325M mid-point.
- Operating Assets NOI $62.8M (+3% YoY); full-year NOI guidance raised to ~$243M mid-point.
- Plans to spin off Seaport Entertainment as a separate public company in 2024, led by Anton Nikodemus.
- Closed financings: $93.3M construction loan for 1 Riva Row and $115M refinancing of 250 Water St.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1981792/000162828023037016/0001628280-23-037016-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1981792/000162828023037016/hhh-20231106.htm
  HTML page:      https://secwatch.observer/filing/0001628280-23-037016

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