Howard Hughes Says Full-year 2024 Guidance Remains Unchanged From Prior Reporting Period
Portfolio Pulse from Benzinga Newsdesk
Howard Hughes Corporation (HHH) maintains its full-year 2024 guidance, with Cash G&A expected between $80 million and $90 million, excluding costs from the Seaport Entertainment spinoff and non-cash stock compensation. Condo sales revenues are forecasted between $675 million and $725 million, driven by the completion of Victoria Place in Ward Village, which is fully pre-sold and expected to complete in Q4 2024.
May 08, 2024 | 8:57 pm
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Howard Hughes Corporation reaffirms its 2024 financial guidance, highlighting stable Cash G&A projections and strong condo sales revenue forecasts, particularly from the fully pre-sold Victoria Place development.
The reaffirmation of financial guidance by Howard Hughes Corporation, especially with the anticipated revenue from the fully pre-sold Victoria Place, is likely to instill confidence in investors about the company's financial health and growth prospects. The detailed projections regarding Cash G&A and condo sales revenues provide a clear financial outlook, potentially leading to positive investor sentiment and a favorable impact on the stock price in the short term.
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