Professional
Added to YB: 2026-09-11
Pitch date: 2026-09-09
HHH [bullish]
Howard Hughes Holdings Inc.
Author Info
Symmetry Invest is a portfolio that focuses on Small- and Mid-cap stocks primarily in Europe and the USA. The long-term objective is to deliver the highest possible growth in net asset value per share at the lowest possible risk. Visit the website.
Company Info
Howard Hughes Holdings Inc., together with its subsidiaries, develops master planned communities (MPCs) in the United States.
Market Cap
$3.7B
Pitch Price
N/A
Price Target
119.00
Dividend
N/A
EV/EBITDA
8.11
P/E
12.74
EV/Sales
2.77
Sector
Real Estate Management and Development
Category
value
Howard Hughes Holdings - From America’s premier city-builder to a Berkshire-style holding company — an irreplaceable land bank, now paired with an insurance compounder, trading at a deep discount to intrinsic value.
HHH: Howard Hughes remains a core holding as management accelerates its shift from real-estate developer to diversified holding company, using JVs, partnerships and asset sales to release property capital for Vantage. At ~$65, shares trade around 45% below the ~$119 sum-of-the-parts value. The appreciating land bank and insurance float support the thesis, while leverage, insurance and equity volatility, and reliance on Pershing Square remain material risks.
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