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CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($)
$ in Thousands
Sep. 30, 2024
Dec. 31, 2023
ASSETS    
Master Planned Communities assets $ 2,491,291 $ 2,445,673
Buildings and equipment 3,794,960 3,649,376
Less: accumulated depreciation (915,279) (829,018)
Land 299,406 294,189
Developments 1,705,544 1,169,571
Net investment in real estate 7,375,922 6,729,791
Investments in unconsolidated ventures 177,908 182,799
Cash and cash equivalents 400,728 629,714
Restricted cash 519,998 379,498
Accounts receivable, net 101,284 101,373
Municipal Utility District (MUD) receivables, net 461,985 550,884
Deferred expenses, net 152,626 138,182
Operating lease right-of-use assets 5,948 5,463
Other assets, net 239,723 242,636
Assets of discontinued operations 0 615,272
Total assets 9,436,122 9,575,612
LIABILITIES    
Mortgages, notes, and loans payable, net 5,298,760 5,146,992
Operating lease obligations 5,764 5,362
Deferred tax liabilities, net 77,731 84,523
Accounts payable and other liabilities 1,374,461 1,052,973
Liabilities of discontinued operations 0 227,165
Total liabilities 6,756,716 6,517,015
Commitments and Contingencies (see Note 10)
EQUITY    
Common stock: 10 shares authorized, issued, and outstanding as of September 30, 2024 and December 31, 2023 0 0
Additional paid-in capital 2,954,382 3,374,284
Retained earnings (accumulated deficit) attributable to Howard Hughes Holdings Inc. (339,528) (383,012)
Accumulated other comprehensive income (loss) (1,375) 1,272
Total equity attributable to Howard Hughes Holdings Inc. 2,613,479 2,992,544
Noncontrolling interests 65,927 66,053
Total equity 2,679,406 3,058,597
Total liabilities and equity $ 9,436,122 $ 9,575,612