Howard Hughes Holdings Inc. Reports Q1 2025 Net Income Per Share of $0.21, Reversing Prior Year Loss; Adjusted Operating Cash Flow Reaches $63 Million

Reuters
05-08
Howard Hughes Holdings Inc. Reports Q1 2025 Net Income Per Share of $0.21, Reversing Prior Year Loss; Adjusted Operating Cash Flow Reaches $63 Million

Howard Hughes Holdings Inc. $(HHH)$ reported its first quarter 2025 financial results, showcasing a strong performance with net income from continuing operations amounting to $0.21 per diluted share, a significant turnaround from a loss of $(0.42) in the same period the previous year. The company achieved an Adjusted Operating Cash Flow of $63 million, or $1.27 per diluted share, reflecting robust operational momentum. The company also highlighted exceptional leasing activities in its Operating Assets segment, resulting in record quarterly net operating income (NOI) of $72 million. This success was partially driven by new leases in Downtown Summerlin, enhancing the retail destination's growth prospects. Furthermore, Howard Hughes Holdings anticipates a continued positive trajectory for the year, projecting Adjusted Operating Cash Flow to range between $325 million and $375 million, with a mid-point estimate of approximately $350 million or $7.00 per share.

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: GNW9446557-en) on May 07, 2025, and is solely responsible for the information contained therein.

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