Added to YB: 2026-09-16
Pitch date: 2026-09-13
HHH [bullish]
Howard Hughes Holdings Inc.
-0.83%
current return
Author Info
No bio for this author
Company Info
Howard Hughes Holdings Inc., together with its subsidiaries, develops master planned communities (MPCs) in the United States.
Market Cap
$3.6B
Pitch Price
$61.45
Price Target
1.3K (+2012%)
Dividend
N/A
EV/EBITDA
8.03
P/E
12.50
EV/Sales
2.74
Sector
Real Estate Management and Development
Category
special_situation
Howard Hughes: From Real Estate to a Berkshire-Style Compounder
HHH: Howard Hughes is being transformed from a real-estate developer into a permanent-capital holding company, while its ~$62 share price sits below the company’s $82-per-share real-estate valuation and $104 pro forma value including Vantage. Pershing paid $900M at $100, and $2.5B-$3B of projected real-estate cash through 2030 can expand common holders’ ~58% economic interest in Vantage. The $211 2030 illustration could reach ~$1,100 by 2040 at 18% growth, but underwriting, investment returns and capital allocation remain major risks.
Read full article (13 min)