Master Planned Community land sales of $151.2M up 123%, thanks to $88M of commercial land sales at The Woodlands. Average price per superpad acre at Summerlin of $519K up 40.3%.
NOI for income-producing operating assets of $18.2M up 15.9%.
Among Q2 highlights: Acquisition of 1,343 acres north of The Woodlands for $67.3M, with 652 adjacent acres under contract. 4.6K residential lots are planned with the first expected to be delivered in 2016; construction begins on the 171-unit Waiea condo tower at Ward Village with completion expected by the end of 2016; construction started on a 40K square foot Whole Foods Market in Hughes Landing with an expected opening by mid-2015.
Previously: Howard Hughes beats by $1.10, beats on revenue
HHC flat premarket