Professional
Added to YB: 2024-03-26
Pitch date: 2024-03-24
HHH [bullish]
Howard Hughes Holdings Inc.
+25.36%
current return
Author Info
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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
$67.63
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
growth
Show full summary:
Pershing Square's Portfolio Holding: Howard Hughes Holdings Inc.
HHH: Record land sales profits of $341M in 2023. New home sales +45% YoY due to low resale inventory. Residential land price/acre topped $1M, +22%. NOI +4% for operating assets. Spinning off Seaport Entertainment division. Pershing Sq. owns 38%, sees deep value.
Read full article (2 min)