Howard Hughes Holdings Inc. reported Q4 2025 net income from continuing operations of USD 5.7 million (USD 0.10 per diluted share) and Adjusted Operating Cash Flow of USD 93 million (USD 1.57 per diluted share). In Q4, Master Planned Communities $(MPC)$ EBT was USD 105.4 million, and Total Operating Assets net operating income (NOI) rose 11% to USD 68.0 million, led by office and retail. The company also contracted to sell 28 condo units representing about USD 92 million of future condo revenue, and marked the grand opening of Teravalis in the Phoenix West Valley. For FY 2025, net income from continuing operations was USD 123.8 million (USD 2.21 per diluted share) and Adjusted Operating Cash Flow was USD 446 million (USD 7.97 per diluted share). MPC EBT increased 36% to a record USD 476.1 million, and Total Operating Assets NOI increased 8% to USD 276.3 million. Howard Hughes said it contracted USD 1.6 billion of future condo revenue in 2025, primarily through pre-sales at Ward Village. Corporate updates included an agreement to acquire 100% of Vantage Group Holdings for about USD 2.1 billion as Howard Hughes transitions into a diversified holding company, and commentary citing Pershing Square’s USD 900 million investment. The company ended 2025 with USD 1.5 billion in cash and cash equivalents and USD 1.2 billion of undrawn lender commitments available for property development. Subsequent to year-end, its subsidiary issued USD 1.0 billion of senior unsecured notes (USD 500 million due 2032 and USD 500 million due 2034) and used the proceeds to redeem USD 750 million of 2028 notes, with remaining proceeds for general corporate purposes.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Howard Hughes Holdings Inc. published the original content used to generate this news brief via GlobeNewswire (Ref. ID: GNW9657931-en) on February 19, 2026, and is solely responsible for the information contained therein.