Added to YB: 2026-04-27
Pitch date: 2026-04-24
HHH [bullish]
Howard Hughes Holdings Inc.
Author Info
@ArmsGarrett is a a research analyst and portfolio manager whoe stock pitches on Twitter. Follow on Twitter
Company Info
Howard Hughes Holdings Inc., together with its subsidiaries, develops master planned communities (MPCs) in the United States.
Market Cap
$3.8B
Pitch Price
N/A
Price Target
N/A
Dividend
N/A
EV/EBITDA
14.87
P/E
29.29
EV/Sales
5.11
Sector
Real Estate Management and Development
Category
value
Howard Hughes $HHH is a long @ $63.50
HHH: MPC biz priced <$2.4B (COVID-era lows) despite $325M+ annual allocable cash (~14% yield expanding 50%). Seaport drag gone, model now self-funded. 34k acres = 50+ yrs supply; NAV higher than 2017 despite 500 acres/yr sold. Vantage acquisition @ 1.4x book: $1.6B GWP, 13% ROE expanding to high-teens as expense ratio drops from 36% to <30% (600bps margin gain). PSH mgmt aligned, target >2x book. Multi-year 25% IRR.
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