v3.26.1
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
REVENUES    
Rental revenue $ 113,549 $ 108,413
Total revenues 235,917 199,328
EXPENSES    
Operating costs 53,033 50,789
Rental property real estate taxes 16,228 15,299
Provision for (recovery of) doubtful accounts (59) (156)
General and administrative 17,197 21,214
Depreciation and amortization 48,640 45,139
Other 3,892 4,797
Total expenses 176,807 162,538
OTHER    
Gain (loss) on sale or disposal of real estate and other assets, net 0 13,729
Other income (loss), net 127 (1,367)
Total other 127 12,362
Operating income (loss) 59,237 49,152
Interest income 6,711 6,118
Interest expense (41,790) (41,094)
Gain (loss) on extinguishment of debt (10,226) 0
Equity in earnings (losses) from unconsolidated ventures (2,640) 1,320
Income (loss) before income taxes 11,292 15,496
Income tax expense (benefit) 2,794 3,707
Net income (loss) 8,498 11,789
Net (income) loss attributable to noncontrolling interests 161 (305)
Net income (loss) attributable to howard hughes holdings Inc., basic 8,659 11,484
Net income (loss) attributable to howard hughes holdings Inc., diluted 8,659 11,484
Condominium rights and unit sales    
REVENUES    
Revenue from contract with customers 3,134 342
EXPENSES    
Cost of sales 3,134 242
Master Planned Communities land sales    
REVENUES    
Revenue from contract with customers 99,573 71,642
EXPENSES    
Cost of sales 34,742 25,214
Other revenues    
REVENUES    
Revenue from contract with customers 10,979 9,644
Builder price participation    
REVENUES    
Revenue from contract with customers $ 8,682 $ 9,287