HHH posts Q2 net income $0.42/share; record land price $1M/acre; raises guidance

Howard Hughes Holdings Inc.

2024-Q2 EPS reported -$0.63 revenue$488,547,000

Net income $21.1M ($0.42 diluted EPS) vs net loss $19.1M ($0.39 loss) in Q2 2023.
MPC EBT $123.2M (+124% YoY); record avg residential land price $1.0M per acre.
Total Operating Assets NOI $67.6M (down 1% YoY); full-year guidance raised to ~$255M mid-point.
Condo pre-sales: 94 units contracted ($207M future revenue); full-year condo sales guidance raised to $730-750M.
Board approved Seaport Entertainment spinoff; distribution date July 31, 2024 (1 share SEG per 9 HHH shares).

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.