Asset SalesHoward Hughes sold 70 residential acres at a higher price per acre, showing strong land sales performance.
Financial PerformanceHHH expects strong homebuilder demand, and thus raised FY25 MPC EBT by +14.7% to a company-high $430M.
Investment And OwnershipPershing Square is increasing its HHH ownership stake to 46.9% through its purchase of 9M newly-issued HHH shares for $100/share, which is a 62.7% premium to the unaffected HHH price.