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Howard Hughes Holdings
(NYSE:HHH)
Howard Hughes Holdings (HHH) vs. S&P 500 (SPY)
Howard Hughes Holdings Business Overview & Revenue Model
Howard Hughes Holdings Financial Statement Overview
| Breakdown | ||||
| Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|
| Income Statement | Total Revenue | |||
| 1.75B | 1.02B | 1.61B | 1.43B | 699.49M | Gross Profit |
| 731.95M | 433.97M | 633.62M | 500.01M | 201.98M | EBIT |
| 559.92M | -528.21M | 369.13M | 241.87M | -119.56M | EBITDA |
| 710.44M | -342.20M | 556.39M | 399.26M | 358.20M | Net Income Common Stockholders |
| 197.70M | -551.77M | 184.53M | 56.10M | -26.15M |
| Balance Sheet | Cash, Cash Equivalents and Short-Term Investments | |||
| 596.08M | 631.55M | 626.65M | 843.21M | 1.01B | Total Assets |
| 9.21B | 9.58B | 9.60B | 9.58B | 9.14B | Total Debt |
| 5.13B | 5.35B | 4.80B | 4.66B | 4.36B | Net Debt |
| 4.54B | 4.72B | 4.17B | 3.82B | 3.34B | Total Liabilities |
| 6.37B | 6.52B | 6.00B | 5.85B | 5.43B | Stockholders Equity |
| 2.78B | 2.99B | 3.54B | 3.71B | 3.71B |
| Cash Flow | Free Cash Flow | |||
| 447.75M | -265.82M | 323.25M | -285.77M | -74.48M | Operating Cash Flow |
| 447.75M | -258.48M | 325.25M | -283.96M | -72.87M | Investing Cash Flow |
| -300.79M | -336.14M | -220.69M | 101.46M | -428.55M | Financing Cash Flow |
| -150.35M | 548.75M | -222.26M | 156.14M | 1.12B |
Howard Hughes Holdings Technical Analysis
Howard Hughes Holdings Risk Analysis
Howard Hughes Holdings Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
79 Outperform | $3.54B | 24.27 | 10.56% | 4.70% | 7.44% | 4.23% | |
78 Outperform | $3.80B | 31.12 | 6.25% | 6.64% | 0.69% | -19.22% | |
71 Outperform | $3.46B | 17.35 | 10.15% | ― | 82.64% | ― | |
64 Neutral | $3.57B | 9.97 | 18.78% | 4.92% | 12.61% | 111.99% | |
62 Neutral | $2.92B | 63.80 | 2.31% | 4.72% | 10.86% | 6.72% | |
60 Neutral | $2.80B | 11.09 | 0.20% | 8508.36% | 6.13% | -16.84% | |
59 Neutral | $2.59B | 33.35 | 10.96% | 1.21% | 1.25% | -4.31% |
Howard Hughes Holdings Earnings Call Summary
Howard Hughes Holdings Corporate Events
Howard Hughes Holdings Inc. reported strong financial results for the first quarter of 2025, with net income from continuing operations reaching $0.21 per diluted share, a significant improvement from the previous year’s loss. The company achieved a record quarterly net operating income of $72 million, driven by robust performance in office and multifamily segments, and saw a 161% increase in MPC earnings before taxes due to substantial land sales. Additionally, a $900 million investment by Pershing Square is set to transform Howard Hughes into a diversified holding company, enhancing its growth prospects and liquidity.
Spark’s Take on HHH Stock
According to Spark, TipRanks’ AI Analyst, HHH is a Outperform.
Howard Hughes Holdings shows strong financial recovery and a positive outlook based on earnings guidance and strategic corporate developments. Despite these strengths, challenges such as high debt levels and mixed technical indicators temper the overall score. The company’s ongoing focus on operational efficiency and strategic growth initiatives, supported by the recent Pershing Square investment, are key factors that contribute to its favorable stock evaluation.
To see Spark’s full report on HHH stock, click here.
On May 5, 2025, Howard Hughes Holdings Inc. announced a strategic shift to become a diversified holding company, following a significant investment from Pershing Square Holdco, L.P. Pershing Square purchased 9 million shares of Howard Hughes for $900 million, representing a 48% premium over the previous closing price, and now owns 46.9% of the company. This investment is expected to enhance Howard Hughes’ financial flexibility and credit profile, allowing it to acquire controlling interests in high-quality public and private companies. Bill Ackman, CEO of Pershing Square, has been appointed Executive Chairman of Howard Hughes, with Ryan Israel assuming the role of Chief Investment Officer. The transaction, approved by Howard Hughes’ Special Committee, is anticipated to create long-term value for stakeholders by leveraging Pershing Square’s expertise and resources.
Spark’s Take on HHH Stock
According to Spark, TipRanks’ AI Analyst, HHH is a Neutral.
Howard Hughes Holdings shows strong financial recovery and positive future guidance, indicating a solid performance outlook. However, technical indicators are bearish, signaling potential near-term challenges in stock price movement. The valuation is reasonable, but high debt levels pose risks. Overall, the stock score reflects strengths in financial recovery and earnings guidance but is tempered by technical analysis and debt concerns.
To see Spark’s full report on HHH stock, click here.
Howard Hughes Holdings Inc. announced an extension of its standstill agreement with Pershing Square Capital Management L.P. until May 30, 2025. The company has engaged Morgan Stanley as a financial advisor and Hogan Lovells US LLP and Richards, Layton & Finger, P.A. as legal counsel to assist in the ongoing discussions, though no specific outcomes are assured.
Spark’s Take on HHH Stock
According to Spark, TipRanks’ AI Analyst, HHH is a Neutral.
Howard Hughes Holdings shows strong financial recovery and positive future guidance, indicating a solid performance outlook. However, technical indicators are bearish, signaling potential near-term challenges in stock price movement. The valuation is reasonable, but high debt levels pose risks. Overall, the stock score reflects strengths in financial recovery and earnings guidance but is tempered by technical analysis and debt concerns.
To see Spark’s full report on HHH stock, click here.
On April 14, 2025, Howard Hughes Holdings Inc. announced the extension of its standstill agreement with Pershing Square Capital Management L.P. until April 30, 2025. The company has engaged Morgan Stanley as a financial advisor and Hogan Lovells US LLP and Richards, Layton & Finger, P.A. as legal counsel to the Special Committee of the Board of Directors. This extension indicates ongoing negotiations, but there is no assurance of any particular outcome, impacting the company’s strategic positioning and stakeholder interests.
Spark’s Take on HHH Stock
According to Spark, TipRanks’ AI Analyst, HHH is a Outperform.
Howard Hughes Holdings receives a solid score due to its financial recovery, strong earnings call guidance, and stable valuation. Key strengths include revenue growth and cash flow improvement, while high debt levels and operational challenges pose risks. Neutral technical indicators and the absence of a dividend yield are secondary factors.
To see Spark’s full report on HHH stock, click here.
On April 7, 2025, Howard Hughes Holdings Inc. announced an extension of its standstill agreement with Pershing Square Capital Management L.P. until April 15, 2025. The company has engaged Morgan Stanley as a financial advisor and Hogan Lovells US LLP and Richards, Layton & Finger, P.A. as legal counsel for the Special Committee of the Board of Directors. The impact of this extension on the company’s operations and industry positioning remains uncertain, as Howard Hughes Holdings has not committed to any specific outcomes from discussions with Pershing Square.
Spark’s Take on HHH Stock
According to Spark, TipRanks’ AI Analyst, HHH is a Outperform.
Howard Hughes Holdings receives a solid score due to its financial recovery, strong earnings call guidance, and stable valuation. Key strengths include revenue growth and cash flow improvement, while high debt levels and operational challenges pose risks. Neutral technical indicators and the absence of a dividend yield are secondary factors.
To see Spark’s full report on HHH stock, click here.
On April 1, 2025, Howard Hughes Holdings Inc. announced amendments to the employment agreements of its executive officers, including David R. O’Reilly, Carlos Olea, and Joseph Valane. These amendments revise the definition of ‘Good Reason,’ introduce the term ‘Transaction,’ and extend the terms of O’Reilly’s and Olea’s agreements to December 31, 2028. Additionally, O’Reilly’s annual target Long-Term Incentive Plan award is increased to $4.5 million. On April 2, 2025, the company and its President, L. Jay Cross, agreed not to renew his employment agreement upon its expiration on December 1, 2025, marking a significant leadership change.
On March 12, 2025, Howard Hughes Holdings Inc. announced an extension of its standstill agreement with Pershing Square Capital Management L.P., now effective until April 7, 2025. The company has not guaranteed any specific outcomes from these discussions and will provide further updates only if necessary. Morgan Stanley & Co. LLC is advising the Special Committee of the Board of Directors, with Hogan Lovells US LLP and Richards, Layton & Finger, P.A. serving as legal counsel.
On March 3, 2025, Howard Hughes Holdings Inc. announced that its Special Committee has rejected a proposal from Pershing Square Capital Management L.P. received on February 13, 2025, deeming it unacceptable in its current form. The company has entered into a standstill agreement with Pershing Square to explore potential alternatives, which will last until March 13, 2025, unless extended. The outcome of these discussions is uncertain, and the company has stated it will not provide further comments unless necessary. Morgan Stanley & Co. LLC is advising the Special Committee, with legal counsel from Hogan Lovells US LLP and Richards, Layton & Finger, P.A.
Howard Hughes Holdings Inc. reported record financial results for the fourth quarter and full year of 2024, with significant increases in net income and earnings before taxes across its segments. The company achieved record sales in its Master Planned Community segment and strong leasing performance in its Operating Assets segment, while also completing the spinoff of Seaport Entertainment Group to focus more on real estate operations. Looking ahead, the company anticipates continued growth in 2025, driven by strong homebuilder demand and strategic developments, including potential new residential entitlements in Ward Village, Hawai’i.
On February 18, 2025, Howard Hughes Holdings Inc. confirmed the receipt of a revised unsolicited acquisition proposal from Pershing Square Capital Management L.P. The proposal, which replaces an initial proposal submitted on January 13, 2025, was discussed in a meeting on February 13, 2025, between Pershing Square and a Special Committee formed by the Howard Hughes Board of Directors. The Special Committee has not yet engaged in negotiations or made any determinations regarding the proposal, and no action is required from stockholders at this time. The proposal is contingent upon a definitive agreement and approvals from the Special Committee and the HHH Board of Directors.