Howard Hughes Holdings Inc. (HHH) Form 8-K — Aug 5, 2026
Howard Hughes Holdings reported Q2 2026 net income attributable to common stockholders of $158.4 million, or $2.68 per diluted share, a sharp swing from a $12.1 million net loss a year earlier, on total revenues of $1.12 billion driven largely by condo closings at The Park Ward Village. The quarter's defining event was the June 4, 2026 closing of the approximately $2.1 billion all-cash acquisition of 100% of Vantage Group Holdings, a specialty insurance and reinsurance company, reshaping HHH into a diversified holding company with two platforms: Howard Hughes Communities and Vantage.
Key figures
- Eps
- 2.68
- Revenue
- $1,122.3 million (Q2 2026 total revenues vs. $260.9 million prior year)
- Net Income
- $158.4 million attributable to common stockholders (vs. -$12.1 million prior year)
- Total Debt
- $5,456.4 million mortgages, notes, and loans payable, net
- Total Assets
- $15.91 billion (vs. $10.64 billion at Dec 31, 2025)
- Cash Position
- $2,648.0 million of cash and cash equivalents
- Mpc ebt
- $134.7 million, up 32% from $102.4 million
- Condo pipeline
- 1,293 units under construction/predevelopment, 78% pre-sold
- Undrawn liquidity
- $515.0 million Bridgeland Notes capacity plus $1.0 billion undrawn lender commitments
- Condo gross profit
- $130.9 million on 527 units closed at The Park Ward Village
- Shares outstanding
- 59657062
- Creekside park sale
- $127.3 million sale price, $30.2 million net proceeds
- Operating assets noi
- $70.5 million, up 2% from $68.9 million
- Diluted eps prior year
- -$0.22
- Preferred stock issued
- $1.0 billion Series A Non-Voting Exchangeable Perpetual Preferred Stock sold to Pershing Square affiliate
- Vantage acquisition value
- approximately $2.1 billion cash for 100% of Vantage Group Holdings, closed June 4, 2026
- Vantage stub combined ratio
- 95% with $20.8 million pre-tax loss
- Park ward village net proceeds
- $226.6 million after debt repayment
- Vantage q2 gwp historical basis
- $473 million, up 29% YoY
- Vantage stub net earned premiums
- $97.2 million (June 4-30 stub period)
- Vantage q2 combined ratio historical basis
- 101.6%, deteriorated 7.6 pts YoY
Price after filing
Close on the filing date to close N calendar days later (from $65.65). Historical, not a forecast.
AI analysis
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