Segments (Tables)

3 Months Ended

Mar. 31, 2024

Segment operating results are as follows:


thousands	Operating Assets Segment		MPC Segment		Seaport Segment		Strategic Developments Segment		Total
Three Months Ended March 31, 2024
Total revenues	$	110,152	$	48,875	$	11,502	$	593	$	171,122
Total operating expenses	(51,395)		(25,049)		(21,485)		(8,654)		(106,583)
Segment operating income (loss)	58,757		23,826		(9,983)		(8,061)		64,539
Depreciation and amortization	(44,156)		(110)		(5,757)		(1,419)		(51,442)
Interest income (expense), net	(33,476)		15,246		(2,012)		4,024		(16,218)
Other income (loss), net	408		—		—		3		411
Equity in earnings (losses) from unconsolidated ventures	5,817		(14,711)		(10,280)		39		(19,135)
Gain (loss) on sale or disposal of real estate and other assets, net	4,794		—		—		—		4,794



Segment EBT	$	(7,856)	$	24,251	$	(28,032)	$	(5,414)	$	(17,051)
Corporate income, expenses, and other items									(34,854)
Net income (loss)									(51,905)
Net (income) loss attributable to noncontrolling interests									(10)
Net income (loss) attributable to HHH									$	(51,915)

Three Months Ended March 31, 2023
Total revenues	$	100,925	$	77,013	$	11,897	$	6,440	$	196,275
Total operating expenses	(47,599)		(34,351)		(18,916)		(11,059)		(111,925)
Segment operating income (loss)	53,326		42,662		(7,019)		(4,619)		84,350
Depreciation and amortization	(39,632)		(107)		(10,527)		(943)		(51,209)
Interest income (expense), net	(28,911)		15,812		1,186		2,063		(9,850)
Other income (loss), net	2,282		(103)		1		94		2,274
Equity in earnings (losses) from unconsolidated ventures	1,905		4,108		(10,820)		5		(4,802)
Gain (loss) on sale or disposal of real estate and other assets, net	4,730		—		—		—		4,730



Segment EBT	$	(6,300)	$	62,372	$	(27,179)	$	(3,400)	$	25,493
Corporate income, expenses, and other items									(48,120)
Net income (loss)									(22,627)
Net (income) loss attributable to noncontrolling interests									(118)
Net income (loss) attributable to HHH									$	(22,745)

Summary of Assets by Segment and the Reconciliation of Total Segment Assets to the Total Assets in the Condensed Consolidated Balance Sheets

The assets by segment and the reconciliation of total segment assets to Total assets in the Condensed Consolidated Balance Sheets are summarized as follows:


thousands	March 31, 2024		December 31, 2023
Operating Assets	$	3,561,321	$	3,577,694
Master Planned Communities	3,435,883		3,358,821
Seaport	486,713		485,898
Strategic Developments	1,840,743		1,638,955
Total segment assets	9,324,660		9,061,368
Corporate	308,993		514,244
Total assets	$	9,633,653	$	9,575,612