Howard Hughes Holdings reported second-quarter revenue of $1.12 billion, a 330.2% increase from the same period last year, with earnings per share of $2.68 compared to $0.44 a year ago. The revenue figure matched the Zacks Consensus Estimate of $0 million, while the EPS surprise was 100% relative to the consensus estimate of negative $999,900.00. Among key segment metrics, Master Planned Community land sales came in at $170.94 million, above the $97.57 million analyst estimate and up 36.7% year-over-year, while Condominium rights and unit sales reached $706.31 million, far exceeding the $299.11 million estimate. The Operating Assets Segment generated $119.96 million in revenue, slightly below the $121.95 million estimate but up 3% from the prior-year quarter, and the Master Planned Communities Segment posted revenue of $181.74 million, beating the $115.08 million estimate with a 26.5% year-over-year increase. Segment EBT for Master Planned Communities was $134.68 million, above the $89.62 million analyst estimate.
Howard Hughes Holdings Inc.Q2 revenue up 330.2% and EPS of $2.68 beat estimates, with strong segment sales.
