DALLAS (AP) _ The Howard Hughes Corp. (HHC) on Monday reported a first-quarter loss of $125.1 million, after reporting a profit in the same period a year earlier.
On a per-share basis, the Dallas-based company said it had a loss of $2.88. Losses, adjusted for asset impairment costs, came to $1.76 per share.
The land developer posted revenue of $175.2 million in the period.
Howard Hughes shares have decreased 59% since the beginning of the year. In the final minutes of trading on Monday, shares hit $52.55, a decline of 51% in the last 12 months.