secwatch.observer — SEC 8-K summary
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Issuer:     Howard Hughes Holdings Inc. (HHH)
CIK:        0001981792
Form:       8-K
Filed at:   2024-07-26T23:59:59+00:00
Accession:  0001628280-24-033186
Event type: earnings
Sentiment:  positive
Materiality: 0.78
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1981792/000162828024033186/0001628280-24-033186-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1981792/000162828024033186/hhh-20240726.htm
  HTML page:      https://secwatch.observer/filing/0001628280-24-033186

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