Howard Hughes Holdings Inc. (HHH) saw its stock soar 5.11% in early trading on Monday after the company raised its full-year cash flow forecast and reported better-than-expected third-quarter earnings. The real estate developer's shares climbed to $83 in pre-market trading, reflecting investor optimism about the company's financial performance and outlook.
For the third quarter ended September 30, 2025, Howard Hughes reported net income from continuing operations of $119.4 million, or $2.02 per diluted share, surpassing analysts' expectations of $1.46 per share. This represents a significant improvement from $96.5 million, or $1.95 per diluted share, in the prior-year period. The company's revenue for the quarter rose to $390.2 million, up from $327.2 million a year earlier, also beating market estimates of $360.6 million.
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 strong performance was underpinned by robust results across its business segments, including a 5% year-over-year increase in Total Operating Assets Net Operating Income to $68 million and record-high Master Planned Communities Earnings Before Tax of $205 million. With $1.5 billion in cash on hand and ongoing investments in new developments, Howard Hughes appears well-positioned for continued growth, as reflected in the market's enthusiastic response to its latest financial results and improved guidance.
Comments