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December 11, 2012
07:09 EDTLAYN, HHCHoward Hughes subsidiary announces Layne Christensen signs on lease
The Woodlands Development Company, a wholly-owned subsidiary of The Howard Hughes (HHC), confirmed that Layne Christensen Company (LAYN) has signed a 51,152-square-foot lease for the top two floors of One Hughes Landing, the first office building to be constructed at Hughes Landing, a 66-acre, mixed-use development situated on 200-acre Lake Woodlands. With construction just beginning, the building is already nearly 30% pre-leased.
News For HHC;LAYN From The Last 14 Days
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March 2, 2015
16:12 EDTLAYNLayne Christensen still sees FY16 results improving over FY15
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16:12 EDTLAYNLayne Christensen lowers Q4 EPS outlook to ($1.25)-($1.10) from (65c)-(60c)
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08:42 EDTHHCHoward Hughes reports Q4 adjusted EPS 51c, two estimates 19c
Reports Q4 revenue $207.1M, one estimate $113.5M. EPS excludes $78.6M non-cash warrant gain and $68.5M net non-cash loss relating to the tax indemnity receivable and settlement. MPC land sales increased by $17.6M, or 22.4%, to $96.3M. NOI from income-producing operating assets, exclusive of properties undergoing redevelopment and properties sold, increased $3.3M, or 20%, to $19.8M.

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