Howard Hughes Holdings (HHH) AI Stock Analysis

• Market Cap: $4.67B
• Dividend Yield: N/A
• Average Volume (3M): 397.81K
• Price to Earnings (P/E): 15.3
• Beta (1Y): 0.96
• Revenue Growth: 59.27%
• EPS Growth: 240.63%
• Country: US
• Employees: 545
• Sector: Real Estate
• Sector Strength: 53
• Industry: Real Estate - Diversified
• EPS (TTM): 2.02
• Shares Outstanding: 59,390,960
• 10 Day Avg. Volume: 486,737
• 30 Day Avg. Volume: 397,812
• PEG Ratio: -0.14
• Price to Book (P/B): 1.39
• Price to Sales (P/S): 2.20
• P/FCF Ratio: 9.77
• Enterprise Value/Market Cap: 1.85
• Enterprise Value/Revenue: 4.73
• Enterprise Value/Gross Profit: 10.94
• Enterprise Value/Ebitda: 10.81
• 1Y Price Target: $96.33
• Price Target Upside: 19.58% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 3
• EPS Forecast (FY): 1.98
• Revenue Forecast (FY): $1.42B

• Rating: 68 Neutral
• Price Target: $91.00 ▲(12.96% Upside)

Howard Hughes Holdings' overall score is driven by strong earnings call performance and strategic guidance updates, which are the most significant factors. Financial performance shows solid profitability but is offset by high debt levels and declining cash flow. Technical indicators suggest bearish momentum, while valuation remains fair.

Positive Factors

Revenue Growth

Consistent revenue growth indicates strong market demand and effective business strategies, supporting long-term financial health.

Strategic Acquisition

The acquisition diversifies HHH's portfolio into insurance, potentially enhancing growth and stability through a new revenue stream.

Leasing Growth

Sustained leasing growth boosts recurring revenue, indicating strong demand for HHH's properties and enhancing cash flow stability.

Negative Factors

High Debt Levels

Elevated debt levels can strain financial flexibility and increase risk, potentially impacting long-term operational capabilities.

Declining Cash Flow

Reduced cash flow generation may limit the company's ability to reinvest in growth opportunities and manage debt efficiently.

Condo Revenue Target Adjustment

Revenue target adjustments reflect potential challenges in the condo segment, which could affect overall revenue stability.

Howard Hughes Holdings Business Overview & Revenue Model

Company Description

Howard Hughes Holdings Inc., together with its subsidiaries, operates as a real estate development company in the United States. It operates in four segments: Operating Assets; Master Planned Communities (MPCs); Seaport; and Strategic Developments. The Operating Assets segment consists of developed or acquired retail, office, and multi-family properties along with other retail investments. Its MPCs segment develops, sells, and leases residential and commercial land designated for long-term community development projects in and around Las Vegas, Nevada; Houston, Texas; and Phoenix, Arizona. The Seaport segment is involved in the landlord operations, managed businesses, and events and sponsorships services of its restaurant, retail, and entertain properties in Pier 17, New York City; Historic Area/Uplands; and Tin Building, as well as in 250 Water Street and in the Jean-Georges restaurants. The Strategic Development segment develops and redevelops residential condominiums and commercial properties. It serves homebuilders. Howard Hughes Holdings Inc. was founded in 2010 and is headquartered in The Woodlands, Texas.

How the Company Makes Money

Howard Hughes Holdings generates revenue through several key streams, primarily from the sale and leasing of developed properties in its master-planned communities. The company earns income from residential sales, commercial leasing, and land sales. Additionally, HHH benefits from management fees associated with its property management services. Significant partnerships with local governments and other developers can also enhance its revenue potential by facilitating large-scale projects and community developments. The company’s strategic focus on high-demand markets allows it to capitalize on real estate trends and maximize earnings through effective development and management strategies.

Howard Hughes Holdings Financial Statement Overview

Summary

Howard Hughes Holdings demonstrates strong profitability with solid margins and revenue growth. However, high debt levels and declining free cash flow pose potential risks. The company needs to focus on improving cash flow generation and managing its leverage to ensure long-term financial stability.

Income Statement

Howard Hughes Holdings shows a solid revenue growth rate of 3.56% in the TTM, with a strong gross profit margin of 39.99% and a net profit margin of 14.95%. The EBIT and EBITDA margins are also robust at 31.59% and 41.45%, respectively. However, the gross profit margin has slightly decreased from the previous year, indicating some pressure on cost management.

Balance Sheet

The company has a high debt-to-equity ratio of 1.40, which is a concern for financial stability. However, the return on equity has improved to 8.45%, indicating better profitability. The equity ratio stands at 35.22%, suggesting a moderate level of financial leverage.

Cash Flow

Free cash flow has decreased by 17.07% in the TTM, which is a negative indicator. The operating cash flow to net income ratio is 0.26, showing limited cash flow generation relative to net income. However, the free cash flow to net income ratio is nearly 1, indicating that free cash flow is closely aligned with net income.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	1.83B	1.75B	1.02B	1.49B	1.43B	699.49M
Gross Profit	792.34M	731.95M	433.97M	642.06M	510.68M	210.15M
EBITDA	802.07M	710.44M	-342.20M	602.23M	399.26M	358.20M
Net Income	274.21M	197.70M	-551.77M	184.53M	56.10M	-26.15M
Balance Sheet
Total Assets	10.70B	9.21B	9.58B	9.60B	9.58B	9.14B
Cash, Cash Equivalents and Short-Term Investments	1.46B	596.08M	629.71M	626.65M	843.21M	1.24B
Total Debt	5.29B	5.13B	5.15B	4.80B	4.66B	4.36B
Total Liabilities	6.86B	6.37B	6.52B	6.00B	5.85B	5.43B
Stockholders Equity	3.77B	2.78B	2.99B	3.54B	3.71B	3.71B
Cash Flow
Free Cash Flow	436.83M	350.85M	-295.73M	323.25M	-285.77M	-74.48M
Operating Cash Flow	439.20M	400.94M	-248.18M	325.25M	-283.96M	-72.87M
Investing Cash Flow	-216.55M	-307.25M	-348.92M	-220.69M	101.46M	-428.55M
Financing Cash Flow	830.54M	-148.25M	551.22M	-222.26M	156.14M	1.12B

Howard Hughes Holdings Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 80.56
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HHH, the sentiment is Negative. The current price of 80.56 is below the 20-day moving average (MA) of 84.58, below the 50-day MA of 83.18, and above the 200-day MA of 75.01, indicating a neutral trend. The MACD of -1.41 indicates Positive momentum. The RSI at 34.14 is Neutral, neither overbought nor oversold. The STOCH value of 8.96 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for HHH.

Howard Hughes Holdings Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
JOE	78 Outperform	$3.40B	32.72	14.16%	0.98%	26.89%	53.54%
SBRA	77 Outperform	$4.62B	25.50	6.29%	6.47%	8.12%	75.95%
HHH	68 Neutral	$4.67B	15.32	8.79%	―	59.27%	240.63%
Sector *	65 Neutral	$2.17B	12.19	3.79%	4.94%	3.15%	1.96%
NSA	61 Neutral	$3.73B	45.06	6.89%	8.28%	-4.98%	-65.45%
MAC	55 Neutral	$5.08B	-82.54	-18.43%	3.61%	8.06%	74.26%
SLG	49 Neutral	$3.37B	―	0.61%	6.95%	8.60%	―

Howard Hughes Holdings Corporate Events

Howard Hughes to Acquire Vantage, Expanding Insurance Platform

On December 17–18, 2025, Howard Hughes Holdings agreed to acquire 100% of Vantage Group Holdings, a privately held specialty insurance and reinsurance provider founded in 2020, for approximately $2.1 billion in cash, with closing targeted for the second quarter of 2026 pending regulatory approvals. The deal, struck at roughly 1.5 times estimated year-end 2025 book value, will be financed with about $1.2 billion of existing cash and up to $1 billion of non-interest-bearing, non-voting preferred stock sold to Pershing Square Holdings that economically tracks Vantage and can be redeemed over seven years or ultimately converted into Vantage equity; Pershing Square Capital Management is expected to manage Vantage’s investment portfolios on a fee-free basis, and Howard Hughes plans to use its permanent capital base and call-option structure to gradually move from 100% legal ownership to full economic ownership of Vantage, accelerating its shift into a diversified holding company and adding a higher-growth insurance platform to its portfolio.

Howard Hughes Holdings Reports Strong Q3 2025 Results

Howard Hughes Holdings Inc. reported strong third-quarter 2025 results, driven by record land sales and robust performance across all segments, leading to an upward revision of its full-year guidance. The company achieved $1.4 billion in condominium pre-sales, reinforcing its long-term cash-flow outlook. With a significant liquidity position and strategic reinvestments into new developments, Howard Hughes is well-positioned for continued growth and increased net asset value, as evidenced by its increased guidance for Adjusted Operating Cash Flow and Master Planned Community EBT.

Howard Hughes Holdings Approves 2025 Equity Incentive Plan

On September 30, 2025, Howard Hughes Holdings Inc. held its Annual Meeting of Stockholders where the 2025 Equity Incentive Plan was approved by the stockholders, following the Board’s prior approval in August. Additionally, the stockholders elected the Board of Directors and voted on several proposals, including the ratification of KPMG LLP as the independent registered public accounting firm for fiscal 2025.