HHH Stock Recent News

Howard Hughes Holdings (HHH) has appreciating land assets and a growing revenue stream but is undervalued by the market. Bill Ackman's Pershing Square Holdings invested $900 million in HHH, aiming to diversify and generate free cash, modeling HHH after Berkshire Hathaway's early years. The Pershing Square deal transforms HHH into a growth company and makes it more visible to investors, potentially warranting multiple expansion.

Howard Hughes Holdings Inc. (NYSE:HHH ) Q1 2025 Earnings Conference Call May 8, 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 Bill Ackman - Executive Chairman Conference Call Participants Anthony Paolone - JPMorgan Connor Mitchell - Piper Sandler John Kim - BMO Capital Markets Operator Thank you for standing by. Welcome to the Howard Hughes Management's First Quarter 2025 Earnings Conference Call.

Pershing Square's $900 million investment in Howard Hughes aims to transform it into a modern-day Berkshire Hathaway, with a 48% premium to the stock price. Howard Hughes' management believes the Net Asset Value is between $100 and $115, aligning with Pershing Square's increased bid to $100 per share. The deal includes a 1.5% management fee and quarterly fees, with Pershing Square limiting its voting power to 40% and beneficial ownership to 47%.

While the top- and bottom-line numbers for Howard Hughes Holdings (HHH) give a sense of how the business performed in the quarter ended March 2025, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.

Howard Hughes Holdings (HHH) came out with quarterly earnings of $0.21 per share, beating the Zacks Consensus Estimate of $0.13 per share. This compares to loss of $1.06 per share a year ago.

THE WOODLANDS, Texas, May 07, 2025 (GLOBE NEWSWIRE) -- Howard Hughes Holdings Inc. (NYSE: HHH) (the “Company,” “HHH,” “Howard Hughes,” or “we”) today announced operating results for the first quarter ended March 31, 2025. 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.

HHH Chairman Bill Ackman, CIO Ryan Israel, and CEO David O'Reilly to Discuss Transformation of HHH into a Diversified Holding Company Following $900M Pershing Square Investment

Billionaire investor Bill Ackman isn't just writing a $900 million check to Howard Hughes Holdings Inc HHH – he's rewriting the script.

Billionaire hedge fund manager Bill Ackman has been attempting to use real estate developer Howard Hughes Holdings (HHH 2.82%) to create a "modern-day Berkshire Hathaway" for some time. Now, it looks like a deal has finally been reached that could allow him to get started.

LONDON--(BUSINESS WIRE)--Pershing Square Holdings, Ltd. (LN:PSH) (LN:PSHD) today noted that its investment manager, Pershing Square Capital Management, L.P. (the “Investment Manager”), the Investment Manager's holding company, Pershing Square Holdco, L.P. (“Holdco”, and together with the Investment Manager, “Pershing Square”), and Howard Hughes Holdings, Inc. jointly issued the following release announcing Holdco's investment of $900 million to acquire nine million newly issued shares of HHH: h.