Last $156.94 USD
Change Today -1.06 / -0.67%
Volume 25.8K
As of 12:41 PM 08/28/14 All times are local (Market data is delayed by at least 15 minutes).

howard hughes corp/the (HHC) Snapshot

Open
$157.81
Previous Close
$158.00
Day High
$157.97
Day Low
$156.59
52 Week High
08/19/14 - $160.62
52 Week Low
08/30/13 - $100.35
Market Cap
6.2B
Average Volume 10 Days
90.9K
EPS TTM
$3.17
Shares Outstanding
39.6M
EX-Date
--
P/E TM
49.5x
Dividend
--
Dividend Yield
--
Current Stock Chart for HOWARD HUGHES CORP/THE (HHC)

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howard hughes corp/the (HHC) Details

The Howard Hughes Corporation owns, develops, and manages commercial, residential, and mixed-use real estate properties in the United States. The company operates through three segments: Master Planned Communities, Operating Assets, and Strategic Developments. The Master Planned Communities segment develops and sells residential and commercial land. This segment sells residential parcels designated for detached and attached single- and multi-family homes ranging from entry-level to luxury homes to home builders; and commercial land parcels designated for retail, office, resort, services, and other for-profit activities, as well as parcels designated for use by government, schools, and other not-for-profit entities. This segment also owns 4 master planned communities with approximately 11,500 acres of land. The Operating Assets segment operates mixed-use and retail properties, office properties, a multi-family apartment building, a resort and conference center, a 36-hole golf and country club, equity investments, and other assets. The Strategic Development segment comprises medium and long-term real estate properties and development projects. This segment’s real estate opportunities consist of mixed-use commercial development, retail component, office buildings, multi-family projects, mall development projects, redevelopment projects, and other property interests. The company was formerly known as Summa Corporation and changed its name to The Howard Hughes Corporation in 1994. The Howard Hughes Corporation is headquartered in Dallas, Texas.

howard hughes corp/the (HHC) Top Compensated Officers

Chief Executive Officer and Director
Total Annual Compensation: $1.0M
President
Total Annual Compensation: $750.0K
Chief Financial Officer and Principal Account...
Total Annual Compensation: $500.0K
Senior Vice President, General Counsel and Se...
Total Annual Compensation: $500.0K
Senior Executive Vice President of Developmen...
Total Annual Compensation: $750.0K
Compensation as of Fiscal Year 2013.

howard hughes corp/the (HHC) Key Developments

The Howard Hughes Announces Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2014

The Howard Hughes announced unaudited consolidated earnings results for the second quarter and six months ended June 30, 2014. For the three months ended June 30, 2014, the company’s net loss attributable to common stockholders was $14.760 million, or $0.37 per diluted common share, compared with net loss attributable to common stockholders of $76.554 million, or $1.94 per diluted common share for the three months ended June 30, 2013. Total revenues were $209.631 million against $145.762 million a year ago. Operating income was $91.781 million against $47.790 million a year ago. Income before taxes was $29.799 million against loss before income taxes of $63.135 million a year ago. Second quarter 2014 net loss attributable to common stockholders includes a $67.4 million non-cash warrant loss and a $10.9 million non-cash reduction in the tax indemnity receivable. Excluding these non-cash charges, net income attributable to common stockholders was $63.5 million or $1.48 per diluted common share for the second quarter 2014. Excluding the $111.2 million non-cash warrant loss and $7.5 million non-cash reduction in tax indemnity receivable, net income attributable to common stockholders was $42.1 million or $1.00 per diluted common share for the second quarter 2013. For the six months, the company reported total revenues of $308.284 million against $235,853 million a year ago. Operating income was $105.728 million against $57.084 million a year ago. Loss before income taxes was $51.759 million against $83.826 million a year ago. Net loss attributable to common stockholders was $101.076 million or $2.56 per diluted common share against $99.678 million or $2.53 per diluted common share a year ago.

Starwood Hotels & Resorts Worldwide Inc. and The Howard Hughes Corporation to Expand Portfolio in Greater Houston Region

Starwood Hotels & Resorts Worldwide Inc. and The Howard Hughes Corporation announced that the renowned Westin brand will soon open its fifth hotel in greater Houston. The Westin, The Woodlands will debut at the end of 2015 within The Woodlands, one of the country's premier master planned communities and a business center located 27 miles north of downtown Houston. The newly constructed Westin will offer 302 luxurious guest rooms, more than 15,000 square feet of meeting and pre-function space, an outdoor pool, WestinWORKOUT(R) studio, business center and all the brand's signature amenities in a scenic location overlooking The Woodlands Waterway(R) in Waterway Square(R). The Westin, The Woodlands will feature a 150-seat restaurant, lobby bar and second level pool deck and bar, with direct access to The Fountains at Waterway Square. Guests can also cross an adjacent pedestrian bridge spanning The Waterway to access the performance stage at Waterway Square. The new Westin will boast a prime location on Waterway Square within The Woodlands. The 28,000-acre development is home to more than 1,900 businesses employing over 50,000 people. The hotel will be within walking distance to numerous corporate offices, the shops and restaurants in The Waterway Square District, The Woodlands Mall and Market Street, as well as The Cynthia Woods Mitchell Pavilion. Also nearby is the new Hughes Landing, a 66-acre mixed-use development situated on the 200-acre Lake Woodlands.

the Howard Hughes Corporation Announces Joint Venture with Discovery Land Company to Develop Nevada's Most Exclusive Community in Summerlin

The Howard Hughes Corporation announced a joint venture development with Discovery Land Company to create an unparalleled luxury living experience in the Summerlin master planned community in Las Vegas, NV. The joint venture will produce Summerlin's most exclusive luxury community, consisting of 555 acres of the most scenic, secluded and pristine land only minutes from Downtown Summerlin. Development on this new resort community is expected to begin in mid-2015 with the first lot and home sales commencing in the latter part of 2015. Located immediately south of The Ridges, a 752-acre Summerlin custom home and luxury community, the new 555-acre high-end residential resort community will be home to exclusive residential custom lot sites, a private world-class Tom Fazio designed 18 hole golf course and clubhouse with fitness facility and spa. Given the property's secluded location adjacent to the Spring Mountains and nearby Red Rock Canyon, it offers spectacular views and a sanctuary for residents seeking a truly private luxury living environment.

 

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