Howard Hughes Holdings Inc. (HHH) saw its stock soar 5.11% in pre-market trading on Monday, following the release of its impressive third-quarter results and an upward revision of its full-year cash flow forecast. The real estate developer's strong performance across multiple segments has boosted investor confidence.
The company reported a net income from continuing operations of $119.4 million, or $2.02 per diluted share, for the third quarter ended September 30, 2025. This represents a significant increase from $96.5 million, or $1.95 per diluted share, in the prior-year period, and notably surpassed analysts' expectations of $1.46 per share. Howard Hughes' total revenue for the quarter reached $390.2 million, up from $327.2 million a year earlier, also beating market estimates.
Adding to the positive sentiment, Howard Hughes raised its fiscal year 2025 adjusted operating cash flow forecast to a range of $30 million to $440 million. The company's Master Planned Communities segment achieved record-breaking earnings before tax of $205 million, with Summerlin pricing approaching an all-time high of $1.7 million per acre. Additionally, the Operating Assets Net Operating Income grew by 5% year-over-year to $68 million, further demonstrating the company's robust performance across its portfolio. With $1.5 billion in cash and ongoing investments in new developments, Howard Hughes appears well-positioned for continued growth, driving investor optimism and the subsequent stock price surge.
Comments