Howard Hughes' average residential land price per acre reached an all-time high of $1.0 million in the most recent quarter (Q2 2024).
Resolved true The record shows it happened or was so.
Factual: Statements about the present or the past, checked against the record: did they hold up?
Said for an organisation they lead or work for; it counts on both records.
What would count as true or false
Judge as of August 2024. True if Howard Hughes Holdings' Q2 2024 results (earnings release, supplemental, or 10-Q) report an average residential land price per acre of about $1.0 million (within ±$50,000) and describe it as, or historical data show it to be, an all-time high for the company (or its MPC segment). Mostly true if the figure is within ±$100,000 of $1.0 million and a record, or $1.0 million but a record only for a particular community/metric rather than company-wide in a way the claim did not hinge on. Mixed if the price was about $1.0 million but not an all-time high, or a record but materially different from $1.0 million. Mostly false if the record or figure refers to a different period or a single community presented as the whole. False if the Q2 2024 average price per acre was far from $1.0 million and not a record.
Set before the research began.
Evidence (3)
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E1 Document - SEC.gov U.S. Securities and Exchange Commission (Howard Hughes Holdings Inc. Exhibit 99.1) · 26 July 2024
“The average price per acre of residential land sold was approximately $1.0 million during the second quarter, representing a new all-time high quarterly record for Howard Hughes.”
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E2 Document - SEC.gov U.S. Securities and Exchange Commission (Howard Hughes Holdings Inc. Exhibit 99.1) · 26 July 2024
“MPC EBT of $123 million driven by an impressive 315% year-over-year increase in residential land sales at a record quarterly average price of $1 million per acre”
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E3 Howard Hughes Holdings Inc. Reports Second Quarter 2024 Results StockTitan · 26 July 2024
“The average price per acre of residential land sold was approximately $1.0 million during the second quarter, representing a new all-time high quarterly record for Howard Hughes.”
Reasoning
Howard Hughes Holdings' Q2 2024 earnings release, filed with the SEC as Exhibit 99.1 [E1], says the average price per acre of residential land sold was about $1.0 million in the second quarter. The release calls this "a new all-time high quarterly record for Howard Hughes." The same filing describes it as a record quarterly average of $1 million per acre within the MPC segment's results [E2], and StockTitan reprints the same statement [E3]. Both the figure and the company-wide record status meet the criteria for true.
Cite this claim
Bill Ackman, “Howard Hughes' average residential land price per acre reached an all-time high of $1.0 million in the most recent quarter (Q2 2024).” (said August 2024). Verdict: resolved true. Reliability API, claim c_5f652bf6c120, method 0.1.0+c876030c, dataset release v1.1.2. https://epistacklabs.com/claims/c_5f652bf6c120
This claim is in dataset release v1.1.2, with the same verdict.
Reply to this claim
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