Howard Hughes Holdings posts Q3 net loss of $1.1 million vs. $119.5 million profit a year earlier
Howard Hughes Holdings reported a third-quarter 2026 net loss attributable to common stockholders of $1.1 million, compared with net income of $119.5 million in the prior-year quarter, even though total revenues rose to $636.3 million from $390.2 million. The results include a $105.4 million GAAP loss on the sale of Municipal Utility District receivables, and the company said it intends to shift its real estate business toward an asset-light model.
Key points
- Diluted loss per share was $0.39 in Q3 2026, versus diluted income of $2.02 in Q3 2025.
- Total revenues were $636.3 million, up from $390.2 million a year earlier, with net earned insurance premiums of $315.8 million from Vantage.
- Sales of two MUD receivables (Bridgeland and The Woodlands Hills) produced $177.6 million in net cash proceeds but a GAAP loss of $105.4 million.
- MPC segment EBT fell to $89.5 million from $205.0 million, mainly due to a prior-year bulk sale of 231 acres in Summerlin and a $19.4 million Floreo loss.
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 November 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.