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Added to YB: 2025-05-07

Pitch date: 2025-05-05

HHH [bullish]

Howard Hughes Holdings Inc.

+21.68%

current return

Author Info

No bio for this author

Company Info

Howard Hughes Holdings Inc., together with its subsidiaries, develops and operates master planned communities (MPCs) in the United States.

Market Cap

$4.5B

Pitch Price

$69.50

Price Target

N/A

Dividend

N/A

EV/EBITDA

11.64

P/E

15.02

EV/Sales

4.71

Sector

Real Estate Management and Development

Category

value

Show full summary:
Howard Hughes (HHH): Ackman’s Vision Aims to Unlock Deep NAV Discount

HHH: Ackman deal positive despite 38bps mgmt fee + 1.5% performance fee; $900M equity raise at $100/share adds ~$5/share accretion. Stock previously at ~50% NAV discount as CRE/land bank hybrid. Ackman's involvement should improve shareholder base, enhance value, and close NAV gap.

Read full article (1 min)