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CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($)
$ in Thousands
Mar. 31, 2024
Dec. 31, 2023
ASSETS    
Master Planned Communities assets $ 2,481,538 $ 2,445,673
Buildings and equipment 4,207,900 4,177,677
Less: accumulated depreciation (1,071,110) (1,032,226)
Land 303,380 303,685
Developments 1,438,924 1,272,445
Net investment in real estate 7,360,632 7,167,254
Investments in unconsolidated ventures 213,433 220,258
Cash and cash equivalents 462,699 631,548
Restricted cash 429,130 421,509
Accounts receivable, net 111,117 115,045
Municipal Utility District receivables, net 584,222 550,884
Deferred expenses, net 145,833 142,561
Operating lease right-of-use assets 45,649 44,897
Other assets, net 280,938 281,656
Total assets 9,633,653 9,575,612
LIABILITIES    
Mortgages, notes, and loans payable, net 5,391,243 5,302,620
Operating lease obligations 53,065 51,584
Deferred tax liabilities, net 71,092 88,065
Accounts payable and other liabilities 1,105,982 1,074,746
Total liabilities 6,621,382 6,517,015
Commitments and Contingencies (see Note 9)
EQUITY    
Common stock: 10 shares authorized, issued, and outstanding as of March 31, 2024 and December 31, 2023 0 0
Additional paid-in capital 3,377,172 3,374,284
Retained earnings (accumulated deficit) attributable to Howard Hughes Holdings Inc. (434,928) (383,012)
Accumulated other comprehensive income (loss) 3,897 1,272
Total equity attributable to Howard Hughes Holdings Inc. 2,946,141 2,992,544
Noncontrolling interests 66,130 66,053
Total equity 3,012,271 3,058,597
Total liabilities and equity $ 9,633,653 $ 9,575,612