HHH Q4 net income $5.7M ($0.10/diluted); FY net income $123.8M; guides FY2026 AOCF $415-465M

Howard Hughes Holdings Inc.

2025-FY EPS reported $2.21 revenue$1,474,892,000

Net income from continuing ops Q4 $5.7M ($0.10/diluted) vs $162.3M ($3.25) in Q4 2024; FY $123.8M ($2.21) vs $285.2M ($5.73).
Adjusted Operating Cash Flow FY $446M ($7.97/diluted) vs $535M ($10.71) prior year; Q4 $93M ($1.57).
Full-year MPC EBT record $476M (+36% YoY) on 621 residential acres sold at avg $890K/acre.
Operating Assets NOI record $276M (+8% YoY); guided FY2026 Operating Assets NOI $279-$290M.
Subsequent to year-end, issued $500M 5.875% notes due 2032 and $500M 6.125% notes due 2034; redeemed $750M 5.375% notes.

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