howard hughes corp/the (HHC) Key Developments
The Howard Hughes Corporation signs Chef and Restaurateur Jean-Georges Vongerichten to Open Culinary Experiences at the Revitalized Seaport District
Sep 9 15
The Howard Hughes Corporation announced a partnership with Chef and Restaurateur Jean-Georges Vongerichten to bring two new, one-of-a-kind culinary experiences to the Seaport District. As part of the ongoing effort to revitalize the Seaport District, the collaboration between Jean-Georges and The Howard Hughes Corporation will introduce a food market and restaurant to the iconic neighborhood starting in 2017. The market will be located in the Tin Building and will be inspired by the original Fulton Fish Market. Reminiscent of the Seaport’s rich history as a center of food and commerce, the market will feature locally-sourced, organically grown products as well as authentic and accessible prepared foods and merchandise. The restaurant will be a seafood-driven concept located within the new Pier 17 building, which is currently under construction. The two companies are committed to rebuilding and restoring the Tin Building, subject to obtaining the requisite approval from the city, using this historic site to house the best year-round culinary market in New York City. The Jean-Georges’ concepts are the first to be announced in what will become an unparalleled range of new dining choices offered in the Seaport District as it becomes one of the top new hot spots for food lovers in the city. In 2017, seven buildings on several city blocks, including the new Pier 17 building, will fully reopen with 365,000 square feet comprising over 80 new shops and restaurants filled with culinary, fashion, entertainment and cultural offerings designed to captivate New Yorkers, inviting them to return and rediscover the city’s oldest new neighborhood again and again.
The Howard Hughes Corporation Announces Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2015
Aug 10 15
The Howard Hughes Corporation announced unaudited consolidated earnings results for the second quarter and six months ended June 30, 2015. For the quarter, the company reported total revenues of $209,163,000 compared to $209,631,000 a year ago. Operating income was $25,572,000 compared to $91,781,000 a year ago. Income before taxes was $54,859,000 compared to $29,799,000 a year ago. Net income attributable to common stockholders was $50,573,000 or $0.18 per diluted share compared to net loss attributable to common stockholders of $14,760,000 or $0.37 per diluted share a year ago. Adjusted net income was $33,022,000 compared to $75,010,000 a year ago. The decrease in adjusted net income was primarily due to large commercial land sales in the second quarter 2014 which were not repeated in the second quarter 2015.
For the six months, the company reported total revenues of $364,253,000 compared to $308,284,000 a year ago. Operating income was $42,029,000 compared to $105,728,000 a year ago. Loss before taxes was $48,816,000 compared to $51,759,000 a year ago. Net loss attributable to common stockholders was $55,386,000 or $1.40 per basic and diluted share compared to $101,076,000 or $2.56 per basic and diluted share a year ago.
The Howard Hughes Corporation Announces Unaudited Consolidated Financial Results for the First Quarter Ended March 31, 2015
May 11 15
The Howard Hughes Corporation announced unaudited consolidated financial results for the first quarter ended March 31, 2015. For the quarter, the company reported total revenues were $155,090,000 compared to $98,653,000 a year ago. Operating income was $16,457,000 compared to $13,947,000 a year ago. Net loss attributable to common stockholders was $105,959,000 or $2.68 basic and diluted per share compared to $86,316,000 or $2.19 basic and diluted per share a year ago. Loss before taxes was $103,675,000 compared to $81,558,000 a year ago. Adjusted Net Income was $24,361,000 compared to $20,633,000 a year ago.
The Howard Hughes Corporation Presents at REITWEEK 2015: NAREIT's Investor Forum, Jun-10-2015 11:45 AM
Apr 25 15
The Howard Hughes Corporation Presents at REITWEEK 2015: NAREIT's Investor Forum, Jun-10-2015 11:45 AM. Venue: New York Hilton Midtown, 1335 Avenue of the Americas, New York, NY 10019, United States. Speakers: Andrew C. Richardson, Chief Financial Officer, Grant Herlitz, President.
The Howard Hughes Corporation, Annual General Meeting, May 21, 2015
Apr 3 15
The Howard Hughes Corporation, Annual General Meeting, May 21, 2015., at 09:00 Central Standard Time. Location: The Woodlands Resort & Conference Center. Agenda: To elect ten directors to hold office until the 2016 annual meeting of stockholders; to conduct an advisory vote on executive compensation; to approve an amendment to extend the term of the company's Section 382 Rights Agreement for three years; to ratify the appointment of Ernst & Young LLP as the company's independent registered public accounting firm for fiscal 2015; and to transact such other business as may properly come before the annual meeting.