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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2023
Dec. 31, 2022
ASSETS    
Master Planned Communities assets $ 2,445,673 $ 2,411,526
Buildings and equipment 4,177,677 4,246,389
Less: accumulated depreciation (1,032,226) (867,700)
Land 303,685 312,230
Developments 1,272,445 1,125,027
Net investment in real estate 7,167,254 7,227,472
Investments in unconsolidated ventures 220,258 246,171
Cash and cash equivalents 631,548 626,653
Restricted cash 421,509 472,284
Accounts receivable, net 115,045 103,437
Municipal Utility District receivables, net 550,884 473,068
Deferred expenses, net 142,561 128,865
Operating lease right-of-use assets 44,897 46,926
Other assets, net 281,656 278,587
Total assets 9,575,612 9,603,463
LIABILITIES    
Mortgages, notes, and loans payable, net 5,302,620 4,747,183
Operating lease obligations 51,584 51,321
Deferred tax liabilities, net 88,065 254,336
Accounts payable and other liabilities 1,074,746 944,511
Total liabilities 6,517,015 5,997,351
Commitments and Contingencies (see Note 10)
EQUITY    
Preferred stock: no shares authorized or issued as of December 31, 2023; $0.01 par value; 50,000,000 shares authorized, and none issued as of December 31, 2022 0 0
Common stock: 10 shares authorized, issued, and outstanding as of December 31, 2023; $0.01 par value; 150,000,000 shares authorized, 56,226,273 shares issued, and 49,801,997 outstanding as of December 31, 2022 0 564
Additional paid-in capital 3,374,284 3,972,561
Retained earnings (accumulated deficit) attributable to Howard Hughes Holdings Inc. (383,012) 168,077
Accumulated other comprehensive income (loss) 1,272 10,335
Treasury stock, at cost, no shares as of December 31, 2023, and 6,424,276 shares as of December 31, 2022 0 (611,038)
Total equity attributable to Howard Hughes Holdings Inc. 2,992,544 3,540,499
Noncontrolling interests 66,053 65,613
Total equity 3,058,597 3,606,112
Total liabilities and equity $ 9,575,612 $ 9,603,463