Wed, Apr 30, 8:35 PM (23 days ago)
**Howard Hughes Holdings Inc. (HHH, Ticker: HHH)** **Summary:** This amendment to the Annual Report on Form 10-K for the fiscal year ended December 31, 2024, includes Part III information, which was previously omitted. The amendment also includes certifications under the Sarbanes-Oxley Act of 2002. **Financial Performance:** - **Revenue:** $1,750,621,000 - **Net Income:** $365,399,000 - **Operating Expenses:** $1,019,242,000 - **Earnings per Share:** Not explicitly stated, but implied through executive compensation details. **Strategic Overview:** - The company focuses on master planned communities and mixed-use developments. - Key projects include developments in Houston, Hawaii, Phoenix, Columbia, Nevada, and asset management initiatives. - The company has a strong emphasis on sustainability and social metrics. **Future Outlook:** - The company aims to streamline its real estate-focused efforts as a master community pure-play developer. - Continued improvement in sustainability and social metrics is a strategic goal. **Risk Factors:** - The company faces risks related to market conditions, regulatory changes, and operational challenges. - The amendment includes details on related-party transactions and potential conflicts of interest. **Financial Condition:** - The company has a robust financial structure with significant revenue and net income. - The company's operating expenses are managed to ensure profitability. **Market Position Changes:** - The company has a strong market position in the real estate development sector. - The company's strategic initiatives aim to enhance its market position further. **Executive Compensation:** - The company has a comprehensive executive compensation program designed to attract, retain, and motivate key executives. - The program includes base salary, annual incentive compensation, and long-term equity incentives. - The company's executive compensation is competitive with industry peers and is designed to align the interests of executives with those of shareholders. **Board of Directors:** - The company has a diverse and experienced board of directors with expertise in real estate development, finance, and corporate governance. - The board is committed to maintaining a high standard of corporate governance and ethical conduct. **Auditor:** - KPMG LLP is the company's independent registered public accounting firm. - The company's audit fees for the year ended December 31, 2024, were $2,652,794,000.