Howard Hughes profit margin HHH
Gross, operating and net profit as a share of revenue over the last twelve months, from 2023.
- Net margin, 12 months
- 12.3%
- Net margin on a year earlier
- −0.5 pts
- Peer median
- 15.4%
Over the twelve months to Jun 30, 2026, Howard Hughes kept 12.3% of its revenue as net profit and a gross margin of 51.2%.
The median for 10 specialty REITs of a similar size is 15.4%.
Profit margin over time
GrossNet
Fiscal year by fiscal year
| Fiscal year | Net margin | Gross margin |
|---|---|---|
| FY2025 | 8.4% | 62.2% |
| FY2024 | 11.3% | 57.1% |
| FY2023 | −60.7% | 86.8% |
| FY2022 | n/a | n/a |
Quarter by quarter
| Quarter | Ended | Net margin, 12 months | Change on a year |
|---|---|---|---|
| Q2 FY26 | 12.3% | −0.5 pts | |
| Q1 FY26 | 8.0% | −6.5 pts | |
| Q4 FY25 | 8.4% | −2.9 pts | |
| Q3 FY25 | 15.0% | +7.9 pts | |
| Q2 FY25 | 12.8% | +68.0 pts | |
| Q1 FY25 | 14.5% | +80.3 pts | |
| Q4 FY24 | 11.3% | +72.0 pts | |
| Q3 FY24 | 7.0% | +56.5 pts | |
| Q2 FY24 | −55.2% | −63.1 pts | |
| Q1 FY24 | −65.8% | n/a | |
| Q4 FY23 | −60.7% | n/a | |
| Q3 FY23 | −49.5% | n/a |
Against its peers
Companies in REIT - Specialty nearest Howard Hughes' size, closest first, today.
| Company | Profit margin |
|---|---|
| HHHHoward Hughes | 12.3% |
| APLEApple Hospitality REIT | 12.2% |
| EPREPR Properties | 35.5% |
| KRCKilroy Realty | 1.7% |
| CDPCopt Defense Properties | 20.9% |
| STWDStarwood Property Trust | 11.4% |
| LXPLXP Industrial Trust | 18.7% |
| PECOPhillips Edison | 19.1% |
| KRGKite Realty Group Trust | 41.8% |
| IRTIndependence Realty Trust | 6.5% |
| SBRASabra Health Care REIT | 7.6% |
| Peer median | 15.4% |
Where Howard Hughes ranks
What the profit margin tells you
Profit as a share of revenue at three levels: gross (after making the product), operating (after running the business) and net (after everything, including tax and interest).
Compare within an industry. 10% is superb for a retailer and poor for a software company.
More on Howard Hughes
Valuation data, not investment advice. Prices as of . Reported figures come from the company's filings with the SEC.