Added to YB: 2025-05-16
Pitch date: 2025-05-15
HHH [neutral]
Howard Hughes Holdings Inc.
+19.36%
current return
Author Info
Under the Hood is a private investor (ex-NYSE, Bridgewater, Alliance Bernstein) writing about stocks. Sign up for their newsletter.
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
$71.03
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
1Q25 Earning and Position Updates - Added: Howard Hughes Holdings Inc.
HHH (holding update): Added at $70 (~$4.25B mkt cap, $7.25B EV). Mature MPCs generate $350M annual EBT (minimal CapEx) + $260M NOI from operating assets (ramping to $350M). Six high-quality communities with vast land worth >$6B. Operating assets valued at just 3x stabilized NOI. Bill Ackman revised deal addressed fee concerns.
Read full article (1 min)