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CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Sep. 30, 2023
Sep. 30, 2022
Statement of Comprehensive Income [Abstract]        
Net income (loss) $ (543,987) $ 107,669 $ (585,755) $ 131,272
Other comprehensive income (loss):        
Interest rate caps and swaps [1] (182) 7,522 (2,764) 31,064
Reclassification of the Company's share of previously deferred derivative gains to net income [2] 0 0 0 (6,723)
Other comprehensive income (loss) (182) 7,522 (2,764) 24,341
Comprehensive income (loss) (544,169) 115,191 (588,519) 155,613
Comprehensive (income) loss attributable to noncontrolling interests (46) 427 (166) 510
Comprehensive income (loss) attributable to Howard Hughes Holdings Inc. $ (544,215) $ 115,618 $ (588,685) $ 156,123
[1] Amounts are shown net of tax benefit of $0.1 million for the three months ended September 30, 2023, and $0.8 million for the nine months ended September 30, 2023, and tax expense of $2.2 million for the three months ended September 30, 2022, and $9.3 million for the nine months ended September 30, 2022.
[2] In March 2022, the Company completed the sale of its ownership interest in 110 North Wacker and released a net of $6.7 million from Accumulated other comprehensive income (loss), representing the Company’s $8.6 million share of previously deferred gains associated with the Venture’s derivative instruments net of tax expense of $1.9 million. See Note 2 - Investments in Unconsolidated Ventures for additional information.