Howard Hughes

Q2 FY2026 EarningsQ2 FY26 results significantly beat consensus across top and bottom-line metrics, driven by a massive recognition of condominium sales and the initial contribution of the Vantage acquisition. Revenue reached $1.12B vs. $469M expected, while GAAP EPS of $2.68 substantially outperformed the $0.99 mean estimate. The transformation into a diversified holding company was solidified by the $2.1B Vantage closing and a $1.0B preferred stock issuance to Pershing Square, providing a strong liquidity position of $2.65B.