secwatch.observer — SEC 8-K summary
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Issuer:     Howard Hughes Holdings Inc. (HHH)
CIK:        0001981792
Form:       8-K
Filed at:   2024-02-27T23:59:59+00:00
Accession:  0001628280-24-007196
Event type: earnings
Sentiment:  negative
Materiality: 0.85
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Howard Hughes reports FY2023 net loss $551.8M on Seaport impairment; record MPC EBT $341M
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- FY2023 net loss of $551.8M ($11.13 diluted EPS) includes $548.5M after-tax Seaport impairment; vs net income $184.5M in 2022.
- Record MPC EBT of $341M (+21% YoY) driven by 45% increase in new home sales and 23% higher residential price/acre.
- Record Operating Assets NOI of $244M (+2% YoY, +4% ex-dispositions) led by multi-family growth of 16%.
- Q4 net income $34.3M ($0.69 EPS) vs $52.8M ($1.07) prior year; MPC EBT $139M (+82% YoY).
- 2024 guidance: MPC EBT expected ~$300M (down 10-15%), Operating Assets NOI ~$250M (up 1-4%), condo revenue $675-725M.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1981792/000162828024007196/0001628280-24-007196-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1981792/000162828024007196/hhh-20240227.htm
  HTML page:      https://secwatch.observer/filing/0001628280-24-007196

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