secwatch.observer — SEC 8-K summary
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Issuer:     Howard Hughes Holdings Inc. (HHH)
CIK:        0001981792
Form:       8-K
Filed at:   2025-05-07T23:59:59+00:00
Accession:  0001628280-25-023141
Event type: earnings
Sentiment:  positive
Materiality: 0.85
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

HHH reports Q1 net income $0.21/share; Pershing Square invests $900M at $100/share (48% premium)
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- Net income from continuing ops $10.8M ($0.21 diluted), vs loss of $21.0M ($0.42) YoY.
- Total Operating Assets NOI record $71.6M (+9% YoY); MPC EBT $63.3M (+161% YoY).
- Full-year 2025 adjusted operating cash flow guidance reaffirmed at $325-375M, mid-point $350M ($7.00/share).
- Pershing Square bought 9M newly issued shares at $100/share (48% premium) for $900M, raising ownership to 46.9%.
- Subsequent to quarter end, sold Bridgeland MUD receivables for $180M.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1981792/000162828025023141/0001628280-25-023141-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1981792/000162828025023141/hhh-20250507.htm
  HTML page:      https://secwatch.observer/filing/0001628280-25-023141

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