The Howard Hughes Corp. (HHC) Tops Q1 EPS Views
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The Howard Hughes Corporation® Reports First Quarter 2015 Results
May 11, 2015 8:48 AM EDTDALLAS--(BUSINESS WIRE)-- The Howard Hughes Corporation® (NYSE: HHC):
First Quarter Earnings Highlights
First quarter 2015 adjusted net income increased 18.4%, or $3.8 million, to $24.4 million, compared to first quarter 2014 adjusted net income of $20.6 million. Adjusted net income excludes the following non-cash items: depreciation and amortization, warrant liability gains and losses, and gains and losses relating to the tax indemnity receivable for periods prior to its settlement in December 2014. Master Planned Community (MPC) land sales decreased 4.1% to $44.8 million for the first quarter 2015 compared to $46.7 million for the first quarter... More