Howard Hughes (HHH) Q4 2025 Earnings Transcript
The Motley Fool
by newsfeedback@fool.com (Motley Fool Transcribing)February 20, 2026
AI-Generated Deep Dive Summary
Howard Hughes Holdings Inc. (HHH) reported impressive results in its Q4 2025 earnings transcript, showcasing strong financial performance across its land, operating assets, and condominium segments. The company achieved record EBT of $476 million, driven by the sale of 621 residential acres at an average price of $890,000 per acre. Operating Asset NOI reached $276 million for the year, up 8% year-over-year, with notable contributions from same-store office and multifamily growth.
Looking ahead, HHH provided guidance for 2026, forecasting adjusted operating cash flow between $415 million and $465 million. This reflects a normalized run rate following the significant land sales in 2025. The company’s transition to a diversified holding structure was highlighted as a key strategic move, with management emphasizing intrinsic and book value growth over single earnings metrics.
The transcript also revealed HHH’s continued focus on capital discipline and long-term growth. Notably, the Vantage Holdings acquisition is expected to close soon, adding $2 billion in insurance assets and diversifying
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Originally published on The Motley Fool on 2/20/2026