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Despite industry woes, healthy demand for certain real estate categories and limited supply bodes well for Real Estate Development industry players like HHH and GRBK.

THE WOODLANDS, Texas, March 12, 2025 (GLOBE NEWSWIRE) -- Howard Hughes Holdings Inc. (NYSE: HHH) (the “Company” or “HHH”) today announced an extension to the previously announced standstill agreement with Pershing Square Capital Management L.P. (“Pershing Square”). The standstill agreement will now remain in effect until April 7, 2025, unless further extended.

Billionaire investor Bill Ackman has ambitious plans to transform Howard Hughes Holdings (HHH -3.49%) into the next Berkshire Hathaway (BRK.A 0.02%) (BRK.B -0.13%). In this video, I'll discuss the latest developments with the potential deal, the current state of Howard Hughes' business, and why the company might think Ackman's offer is inadequate.

Bill Ackman's bid for Howard Hughes is ambitious but faces challenges due to Pershing Square's limited operational experience and the bid's current form being insufficient. Pershing Square aims to convert Howard Hughes into a diversified holding company, similar to Berkshire, but with a controversial 1.5% management fee structure. The deal mechanics involve a $900 million investment to increase Pershing's ownership stake from 37.6% to 48%, but the bid may need revision.

Bill Ackman is the manager of the large and highly successful Pershing Square hedge fund. Unlike some other famous investment managers, Ackman maintains a concentrated portfolio of just nine different companies.

THE WOODLANDS, Texas, March 03, 2025 (GLOBE NEWSWIRE) -- Howard Hughes Holdings Inc. (NYSE: HHH) (the “Company” or “HHH”) announced that the Special Committee of its Board of Directors (the “Special Committee”) responded to Pershing Square Capital Management L.P. (“Pershing Square”) indicating that the proposal received on February 13, 2025 (the “Revised Proposal”) is not acceptable in its current form. The Special Committee also announced that it has entered into a standstill agreement with Pershing Square to facilitate further discussions to explore potential alternatives. The standstill agreement will remain in effect until March 13, 2025, unless otherwise extended.

Howard Hughes Holdings Inc. (NYSE:HHH ) Q4 2024 Earnings Conference Call February 27, 2025 10:00 AM ET Company Participants Eric Holcomb - Senior Vice President, Investor Relations David O'Reilly - Chief Executive Officer Dave Striph - President of Asset Management & Operations Jay Cross - President Carlos Olea - Chief Financial Officer Conference Call Participants Alexander Goldfarb - Piper Sandler Anthony Paolone - JPMorgan John Kim - BMO Capital Markets Craig Bibb - Jasper Funds Operator Good day, and thank you for standing by. Welcome to Howard Hughes' Fourth Quarter 2024 Earnings Conference Call.

Howard Hughes Holdings (HHH) came out with quarterly earnings of $3.25 per share, beating the Zacks Consensus Estimate of $2.85 per share. This compares to earnings of $0.69 per share a year ago.

THE WOODLANDS, Texas, Feb. 26, 2025 (GLOBE NEWSWIRE) -- Howard Hughes Holdings Inc. (NYSE: HHH) (the “Company,” “HHH,” or “we”) today announced operating results for the fourth quarter and year ended December 31, 2024. The financial statements, exhibits, and reconciliations of non-GAAP measures in the attached Appendix and the Supplemental Information, as available through the Investors section of our website, provide further detail of these results.

Who's going to one day fill Warren Buffett's shoes? If we're talking about Berkshire Hathaway (BRK.A 0.34%) (BRK.B 0.28%), the answer is easy.