Howard Hughes Holdings Q2 net income $158.4 million; $2.1 billion Vantage deal closed
Howard Hughes Holdings reported second-quarter 2026 net income attributable to common stockholders of $158.4 million, compared with a net loss of $12.1 million a year earlier, and said it closed its approximately $2.1 billion cash acquisition of Vantage Group Holdings on June 4, 2026. The company states that Vantage is included only for the June 4 to June 30 stub period, so period-over-period comparisons are not comparable and do not reflect run-rate performance, and the company also issued $1.0 billion of preferred stock to a Pershing Square affiliate to help fund the deal.
Key points
- Net income attributable to common stockholders was $158.4 million, or $2.68 per diluted share, versus a net loss of $12.1 million, or $0.22 per share, in the prior-year quarter.
- Total revenues were $1.12 billion, versus $260.9 million a year earlier; Vantage contributed $97.2 million of net earned insurance premiums in the stub period.
- Master Planned Communities EBT rose 32% to $134.7 million from $102.4 million.
- On June 4, 2026, the company issued $1.0 billion of Series A non-voting exchangeable perpetual preferred stock to a Pershing Square affiliate; it carries no current cash dividend.
The filing
Written by AI on Nov 9, 2026, 11:46 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on August 05, 2026.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.