Howard Hughes Holdings Inc.
Howard Hughes Holdings Inc. (HHH) is listed on NYSE and classified in Real Estate - Development, part of the Real Estate sector. It is headquartered in The Woodlands, United States and has 500 employees. The company is worth $4.15B and trades at 14.1x its earnings of the last twelve months; the median for its sector is 22.1x. Revenue was $1.47B in fiscal 2025, down 15.8% from the year before. Net income was $123.9M. The share price is 23.7% below its 52-week high of $91.07. 5 of the 38 superinvestors we track held it at the end of Q2 2026. The largest position belongs to Bill Ackman (Pershing Square Capital Management), at $1.99B. In that quarter, 2 of them opened or added to the position and 1 reduced it. Over the last 30 days, company insiders bought $1.67M of its stock on the open market and sold none.
Written from the data on this page: SEC filings (13F, Form 4, annual reports) and market prices.
Articles on this site that cover Howard Hughes Holdings Inc..
Year by year, from the annual reports; dividends from the payments themselves.
Bars are year-end balances; lines are what happened during the year.
Major managers that reported this stock in their latest 13F.
▼ -12.1% over 5Y.
today you would have $826.99▼ -17.3%
Dividends reinvested, splits accounted for. Past prices say what happened, not what will.
The last 5 closed years, each at that year’s closing price and reported numbers.
| Indicator | Median | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
| Year-end price | $79.77 | $76.92 | $81.55 | $72.85 | $97.03 | |
| P/E | 28.0x | 36.1x | 19.4x | — | 20.0x | 98.8x |
| P/S | 3.2x | 3.2x | 2.2x | 4.7x | 2.6x | 3.9x |
| P/B | 1.4x | 1.3x | 1.4x | 1.4x | 1.1x | 1.5x |
Seven formulas applied to the reported numbers, each with its assumption next to the result. None of them predicts a price.
Square root of 22.5 × earnings × book value. Blind to intangibles, so it undervalues software and brands.
Earnings growing 22.5% a year plus a 0.0% dividend yield. Growth capped at 25%.
Median P/E of 22.1 among peers in the sector.
Median P/E of 28.0 across this company’s own years on record.
Cash flow growing 15.0% a year for 10 years, discounted at 10%, then 2.5% forever.
Sector median of 14.1x operating profit, less net debt. Banks have no EBITDA.
This formula has no meaning here — usually a loss, negative cash flow, or a missing input.
Companies of similar size in Real Estate, for comparison. The columns are the same ones above, in the same order.
| Stock | Price | P/E | P/B | Dividend yield | ROE | Market cap |
|---|---|---|---|---|---|---|
| COLDAmericold Realty Trust | $14.22 | — | 1.7x | 6.47% | -16.46% | $4.08B |
| KRCKilroy Realty Corp | $35.96 | 24.1x | 0.8x | 6.01% | 3.43% | $4.22B |
| APLEApple Hospitality REIT, Inc. | $18.16 | 24.5x | 1.4x | 5.29% | 5.53% | $4.29B |
| SKTTanger Inc | $36.11 |
| EPS |
| $2.21 |
| $3.96 |
| -$11.12 |
| $3.65 |
| $0.98 |
| Profit margin | 8.40% | 8.40% | 11.29% | -60.72% | 12.39% | 3.43% |
| ROE | 3.28% | 3.28% | 7.12% | -18.44% | 5.21% | 1.32% |
Median of the years shown; P/E years above 200x are left out.
The average of the method families that answered, not of the seven numbers: four of the seven start from the same earnings per share.
6 methods answered, across 3 families.
Room for errors in the reported numbers.
+67.9% from the average.
Models, not forecasts, and not investment advice. How each formula works →
| 33.1x |
| 6.2x |
| 3.46% |
| 19.40% |
| $4.32B |
| EPREPR Properties | $56.36 | 18.1x | 1.9x | 6.60% | 11.32% | $4.32B |
| MRPMillrose Properties, Inc. | $23.97 | 8.4x | 0.7x | 13.18% | 8.12% | $3.98B |