---
schema_version: "secwatch.filing_event.v1"
accession: "0001981792-25-000009"
form_type: "8-K"
ticker: "HHH"
cik: "0001981792"
company_name: "Howard Hughes Holdings Inc."
filed_at: "2025-08-06T23:59:59+00:00"
generated_at: "2026-05-17T20:02:33.330949+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Howard Hughes Q2 net loss $0.22/sh; Pershing Square invests $900M; raises 2025 guidance

## Summary
- Net loss from continuing ops $0.22/sh vs income $0.95 prior year; includes $0.66/sh GAAP loss on MUD sale.
- Pershing Square bought 9M new shares at $100 each for $900M, raising its ownership to 46.9% to fund acquisitions.
- Full-year 2025 Adjusted OCF guidance raised to $410M midpoint from $350M; MPC EBT guidance to $430M midpoint.
- MPC EBT Q2 $102M, down 17% YoY, but record average price per acre $1.35M, up 29% YoY.
- Total Operating Assets NOI $68.9M, up 5% YoY; full-year NOI guidance raised to $267M midpoint.

## SEC filing metadata
- accession: 0001981792-25-000009
- form_type: 8-K
- ticker: HHH
- cik: 0001981792
- company_name: Howard Hughes Holdings Inc.
- filed_at: 2025-08-06T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1981792/000198179225000009/0001981792-25-000009-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1981792/000198179225000009/hhh-20250806.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001981792-25-000009
- JSON: https://secwatch.observer/filing/0001981792-25-000009.json
- Plain text: https://secwatch.observer/filing/0001981792-25-000009.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.