Latest news with #HHH
Washington Post
07-05-2025
- Business
- Washington Post
Howard Hughes Holdings: Q1 Earnings Snapshot
THE WOODLANDS, Texas — THE WOODLANDS, Texas — Howard Hughes Holdings Inc. (HHH) on Wednesday reported net income of $10.5 million in its first quarter. The The Woodlands, Texas-based company said it had net income of 21 cents per share.
Business Wire
05-05-2025
- Business
- Business Wire
Pershing Square Holdings, Ltd. ('PSH') Notes the Transaction Announced Today by Howard Hughes Holdings ('HHH') and PSH's Investment Manager
LONDON--(BUSINESS WIRE)--Pershing Square Holdings, Ltd. (LN:PSH) (LN:PSHD) today noted that its investment manager, Pershing Square Capital Management, L.P. (the 'Investment Manager'), the Investment Manager's holding company, Pershing Square Holdco, L.P. ('Holdco', and together with the Investment Manager, 'Pershing Square'), and Howard Hughes Holdings, Inc. jointly issued the following release announcing Holdco's investment of $900 million to acquire nine million newly issued shares of HHH: After giving effect to the acquisition, Holdco, PSH and other Pershing Square funds will collectively own approximately 46.9% of HHH common stock outstanding. Pershing Square has generally agreed to limit its voting power to 40% and its beneficial ownership to 47%. PSH Fee Reduction In connection with the acquisition, HHH has entered into a Services Agreement with the Investment Manager, pursuant to which the Investment Manager will provide investment, advisory, and other ancillary services to HHH, and HHH will pay the Investment Manager a quarterly fee further described in the joint press release. In connection with the foregoing, the Investment Manager will reduce the management fees paid by PSH by an amount equal to the fees paid by HHH to the Investment Manager that are attributable to the HHH common stock held by PSH. This press release does not constitute an offer to sell or buy or the solicitation of an offer to buy or sell any securities. About Pershing Square Holdings, Ltd. Pershing Square Holdings, Ltd. (LN:PSH) (LN:PSHD) is an investment holding company structured as a closed‐ended fund that makes concentrated investments principally in North American domiciled companies. Category: (PSH:Other)
Forbes
05-05-2025
- Business
- Forbes
Time To Buy HHH Stock?
POLAND - 2025/04/26: In this photo illustration, the Howard Hughes Holdings company logo is seen ... More displayed on a smartphone screen. (Photo Illustration by Piotr Swat/SOPA Images/LightRocket via Getty Images) Recent reports have put Howard Hughes Holdings (NYSE:HHH) stock in the spotlight, revealing that Bill Ackman's Pershing Square Capital Management has secured a $900 million deal to increase its control over the company. This acquisition, priced at a substantial 48% premium over the Friday, May 2nd closing price of approximately $68, elevates Pershing Square's total stake to 46.9%. Given this significant development, a key question arises: Is HHH stock a buy at around $70? We think so. While acknowledging near-term headwinds such as elevated interest rates, macroeconomic uncertainty, and ongoing trade tensions, our conclusion is based on a comparative assessment of HHH stock's current valuation against its recent operating performance and its present and historical financial health. Our evaluation of Howard Hughes across crucial metrics—Growth, Profitability, Financial Stability, and Downturn Resilience—indicates a robust operating performance and a solid financial condition, the details of which are provided below. However, for investors who seek lower volatility than individual stocks, the Trefis High-Quality portfolio presents an alternative - having outperformed the S&P 500 and generated returns exceeding 91% since its inception. Going by what you pay per dollar of sales or profit, HHH stock looks slightly cheap compared to the broader market. Howard Hughes' Revenues have grown considerably over recent years. Howard Hughes' profit margins are around the median level for companies in the Trefis coverage universe. Howard Hughes' balance sheet looks weak. In summary, Howard Hughes' performance across the parameters detailed above are as follows: In summary, HHH stock has demonstrated strong performance across the aforementioned metrics, and its current valuation appears attractive. Therefore, we believe the stock presents a good buying opportunity at its current levels. Supporting this view, the average analyst price target of $90 suggests a potential upside of approximately 30% from the current price. While HHH stock looks promising, investing in a single stock can be risky. On the other hand, the Trefis High Quality (HQ) Portfolio, with a collection of 30 stocks, has a track record of comfortably outperforming the S&P 500 over the last 4-year period. Why is that? As a group, HQ Portfolio stocks provided better returns with less risk versus the benchmark index; less of a roller-coaster ride as evident in HQ Portfolio performance metrics.
Yahoo
09-04-2025
- Business
- Yahoo
Howard Hughes Holdings Inc. Announces Dates and Times for 2025 First Quarter Earnings Release and Conference Call
HHH to Host Earnings Call on May 8, 2025 THE WOODLANDS, Texas, April 09, 2025 (GLOBE NEWSWIRE) -- Howard Hughes Holdings Inc. (NYSE: HHH) ('the Company' or 'Howard Hughes') announced today that the Company will release 2025 first quarter earnings on Wednesday, May 7, 2025, after the market closes and will hold its first quarter conference call on Thursday, May 8, 2025, at 10:00 AM Eastern Time. The Company's earnings release will be posted to the Investors section of the Company's website prior to the conference call. Please visit the Howard Hughes website to listen to the earnings call via a live webcast. Listeners who wish to participate in the question and answer session may do so via telephone by pre-registering on HHH's earnings call registration webpage. All registrants will receive dial-in information and a PIN allowing them to access the live call. An on-demand replay of the earnings call will be available on the Company's website immediately following the conclusion of the live call for a period of one year. About Howard Hughes Holdings Hughes Holdings Inc. owns, manages, and develops commercial, residential, and mixed-use real estate throughout the U.S. Its award-winning assets include the country's preeminent portfolio of master planned communities, as well as operating properties and development opportunities including: Downtown Columbia® in Maryland; The Woodlands®, Bridgeland® and The Woodlands Hills® in the Greater Houston, Texas area; Summerlin® in Las Vegas; Ward Village® in Honolulu, Hawaiʻi; and Teravalis™ in the Greater Phoenix, Arizona area. The Howard Hughes portfolio is strategically positioned to meet and accelerate development based on market demand, resulting in one of the strongest real estate platforms in the country. Dedicated to innovative placemaking, the company is recognized for its ongoing commitment to design excellence and to the cultural life of its communities. Howard Hughes Holdings Inc. is traded on the New York Stock Exchange as HHH. For additional information visit Media ContactCristina Carlson, 646-822-6910Senior Vice President, Head of Corporate Communications Investor Relations ContactEric Holcomb, 281-475-2144Senior Vice President, Investor
Associated Press
07-04-2025
- Business
- Associated Press
Howard Hughes Extends Standstill Agreement with Pershing Square to April 15, 2025
THE WOODLANDS, Texas, April 07, 2025 (GLOBE NEWSWIRE) -- Howard Hughes Holdings Inc. (NYSE: HHH) (the 'Company' or 'HHH') today further extended its previously announced standstill agreement with Pershing Square Capital Management L.P. ('Pershing Square'). The standstill agreement will now remain in effect until April 15, 2025, unless further extended. There can be no assurance that discussions with Pershing Square will result in any particular outcome, and HHH does not intend to comment further on these matters until HHH determines that additional disclosure is appropriate or required by law. Morgan Stanley & Co. LLC is acting as financial advisor to the Special Committee of the Board of Directors, and Hogan Lovells US LLP and Richards, Layton & Finger, P.A. are acting as legal counsel. About Howard Hughes Holdings Inc. Howard Hughes Holdings Inc. owns, manages, and develops commercial, residential, and mixed-use real estate throughout the U.S. Its award-winning assets include the country's preeminent portfolio of master planned communities, as well as operating properties and development opportunities including Downtown Columbia® in Maryland; The Woodlands®, Bridgeland® and The Woodlands Hills® in the Greater Houston, Texas area; Summerlin® in Las Vegas; Ward Village® in Honolulu, Hawaiʻi; and Teravalis™ in the Greater Phoenix, Arizona area. The Howard Hughes portfolio is strategically positioned to meet and accelerate development based on market demand, resulting in one of the strongest real estate platforms in the country. Dedicated to innovative placemaking, the company is recognized for its ongoing commitment to design excellence and to the cultural life of its communities. Howard Hughes Holdings Inc. is traded on the New York Stock Exchange as HHH. For additional information visit Safe Harbor Statement Statements made in this press release that are not historical facts, including statements accompanied by words such as 'will,' 'believe,' 'expect,' 'enables,' 'realize,' 'plan,' 'intend,' 'assume,' 'transform' and other words of similar expression, are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements are based on management's expectations, estimates, assumptions, and projections as of the date of this release and are not guarantees of future performance. Actual results may differ materially from those expressed or implied in these statements. Factors that could cause actual results to differ materially are set forth as risk factors in Howard Hughes Holdings Inc.'s filings with the Securities and Exchange Commission, including its Quarterly and Annual Reports. Howard Hughes Holdings Inc. cautions you not to place undue reliance on the forward-looking statements contained in this release. Howard Hughes Holdings Inc. does not undertake any obligation to publicly update or revise any forward-looking statements to reflect future events, information or circumstances that arise after the date of this release. Contacts: Media Relations Andrew Siegel / Lyle Weston Joele Frank 212-355-4449 Investor Relations Eric Holcomb, 281-475-2144
