More on Hughes Corp Q2 results


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

Comments (1)
  • Atulkshrestha
    , contributor
    Comments (4) | Send Message
     
    $HHC is just warming up. It will start getting interesting after Q3~Q4 2015.
    8 Aug 2014, 11:08 AM Reply Like
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