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Howard Hughes Holdings Inc. (HHH)

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Upturn Advisory Summary
12/30/2025: HHH (2-star) is currently NOT-A-BUY. Pass it for now.
1 Year Target Price $96.33
1 Year Target Price $96.33
| 0 | Strong Buy |
| 3 | Buy |
| 0 | Hold |
| 0 | Sell |
| 0 | Strong Sell |
Analysis of Past Performance
Type Stock | Historic Profit 18.09% | Avg. Invested days 53 | Today’s Advisory PASS |
Upturn Star Rating ![]() | Upturn Advisory Performance | Stock Returns Performance |
Key Highlights
Company Size Mid-Cap Stock | Market Capitalization 4.71B USD | Price to earnings Ratio 14.68 | 1Y Target Price 96.33 |
Price to earnings Ratio 14.68 | 1Y Target Price 96.33 | ||
Volume (30-day avg) 3 | Beta 1.22 | 52 Weeks Range 61.41 - 91.07 | Updated Date 12/29/2025 |
52 Weeks Range 61.41 - 91.07 | Updated Date 12/29/2025 | ||
Dividends yield (FY) - | Basic EPS (TTM) 5.4 |
Earnings Date
Report Date - | When - | Estimate - | Actual - |
Profitability
Profit Margin 14.95% | Operating Margin (TTM) 44.88% |
Management Effectiveness
Return on Assets (TTM) 3.79% | Return on Equity (TTM) 8.61% |
Valuation
Trailing PE 14.68 | Forward PE 33.11 | Enterprise Value 8521634744 | Price to Sales(TTM) 2.57 |
Enterprise Value 8521634744 | Price to Sales(TTM) 2.57 | ||
Enterprise Value to Revenue 4.65 | Enterprise Value to EBITDA 11.61 | Shares Outstanding 59390960 | Shares Floating 30417218 |
Shares Outstanding 59390960 | Shares Floating 30417218 | ||
Percent Insiders 1.06 | Percent Institutions 105.63 |
Upturn AI SWOT
Howard Hughes Holdings Inc.

Company Overview
History and Background
Howard Hughes Holdings Inc. (NYSE: HHC) is a diversified real estate development company that spun off from Howard Hughes Corporation in 2019. It traces its roots back to the legacy of Howard Hughes, the aviator, filmmaker, and eccentric billionaire. The company primarily operates through its consolidated subsidiary, The Howard Hughes Corporation, which develops and manages master planned communities, large-scale mixed-use projects, and other real estate assets.
Core Business Areas
- Master Planned Communities (MPCs): Developing and managing large, long-term residential and commercial communities across the U.S., offering a wide range of amenities and services.
- Operating Properties: Owning and operating a portfolio of income-generating properties, including retail, office, industrial, and residential buildings, often located within its MPCs or strategic urban centers.
- Seaport District: Managing the Seaport District in New York City, a significant mixed-use development with retail, entertainment, and hospitality components.
Leadership and Structure
Howard Hughes Holdings Inc. is led by a Board of Directors and a management team. The company's operations are largely conducted through its subsidiary, The Howard Hughes Corporation, which has its own dedicated leadership and operational structure.
Top Products and Market Share
Key Offerings
- Master Planned Communities: The company develops and sells residential lots, homes, and commercial spaces within its extensive master planned communities. These communities are its primary revenue driver, offering a lifestyle experience. Key competitors include other large-scale community developers like Lennar Corporation (LEN), PulteGroup, Inc. (PHM), and Taylor Morrison Home Corporation (TMHC). Specific market share data for MPCs is fragmented due to the localized nature of development, but HHC is a significant player in its core markets.
- Operating Property Portfolio: This segment includes income-producing assets such as retail centers, office buildings, and multi-family residential properties. These generate rental income and can be strategically enhanced or sold. Competitors vary by property type and location, but include major REITs and real estate investment firms.
- Seaport District, NYC: A high-profile mixed-use development in a prime New York City location, generating revenue from retail leases, events, and potentially hospitality operations. Its unique urban setting makes direct comparables difficult, but it competes for visitor attention and retail spend with other major NYC attractions and retail destinations.
Market Dynamics
Industry Overview
Howard Hughes Holdings Inc. operates within the real estate development and management industry, a sector heavily influenced by economic cycles, interest rates, demographic trends, and local market conditions. The residential development segment is sensitive to housing demand and affordability, while the operating properties segment is affected by commercial real estate trends and tenant demand.
Positioning
HHC is positioned as a large-scale, diversified real estate developer with a focus on creating long-term value through its master planned communities and strategic operating properties. Its competitive advantages include its significant land holdings in growth markets, its ability to develop integrated communities with diverse amenities, and its prime urban assets like the Seaport District.
Total Addressable Market (TAM)
The TAM for real estate development and management is vast, encompassing residential, commercial, and mixed-use segments. For master planned communities, the TAM is tied to population growth and housing demand in desirable regions. HHC is well-positioned within the MPC segment in its key geographic markets, but the overall TAM is influenced by broad economic factors. Its operating properties target specific urban and suburban markets, contributing to a significant but segmented TAM.
Upturn SWOT Analysis
Strengths
- Significant land bank in high-growth regions of the U.S.
- Experience in developing and managing large-scale master planned communities
- Diversified portfolio of income-producing operating properties
- Prime urban asset in the Seaport District, New York City
- Strong brand recognition associated with the Howard Hughes legacy
Weaknesses
- Sensitivity to economic downturns and interest rate fluctuations
- Long development cycles for master planned communities can tie up capital
- Reliance on external financing for large projects
- Potential for execution risk in complex urban developments
Opportunities
- Continued population growth in its core markets driving demand for housing and commercial space
- Expansion of its operating property portfolio through acquisitions or development
- Leveraging its MPCs to attract businesses and create job centers
- Potential for urban redevelopment and revitalization projects
- Partnerships and joint ventures to share development risk and capital requirements
Threats
- Rising interest rates increasing borrowing costs and dampening buyer demand
- Increased competition from other developers and real estate companies
- Changes in zoning laws and land use regulations
- Natural disasters and climate change impacts on property values
- Economic recessions leading to reduced consumer spending and business investment
Competitors and Market Share
Key Competitors
- Lennar Corporation (LEN)
- PulteGroup, Inc. (PHM)
- Taylor Morrison Home Corporation (TMHC)
- The Howard Hughes Corporation (pre-spin off entity, though now its primary operating subsidiary)
Competitive Landscape
HHC's competitive advantage lies in its scale and long-term vision for master planned communities, particularly in high-demand growth markets. However, it faces intense competition from larger, more established homebuilders with broader geographic reach and potentially lower cost of capital. The operating properties segment faces competition from a wide array of real estate investment trusts (REITs) and private real estate firms.
Growth Trajectory and Initiatives
Historical Growth: Historically, the company has demonstrated growth through the development and expansion of its master planned communities and the strategic acquisition or development of operating properties. Growth is often measured by the increase in lot sales, property revenues, and the overall value of its real estate assets.
Future Projections: Future growth is projected to be driven by continued sales within its existing master planned communities, the development of new phases, and the expansion of its operating property portfolio. Analyst estimates would focus on projected land sales, rental income growth, and the potential for new development projects.
Recent Initiatives: Recent initiatives likely involve strategic land acquisitions, accelerating development in key MPCs, and optimizing the performance of its operating property portfolio. The company may also be exploring opportunities for urban development or strategic partnerships.
Summary
Howard Hughes Holdings Inc. is a well-positioned real estate developer with substantial land assets and a strong focus on master planned communities. Its diversified portfolio and strategic urban assets provide resilience. However, the company is susceptible to economic downturns and interest rate hikes. Continued successful execution of its development pipeline and strategic management of its operating properties will be critical for future growth and shareholder value.
Similar Stocks
Sources and Disclaimers
Data Sources:
- Company SEC Filings (e.g., 10-K, 10-Q)
- Financial news and analysis websites
- Industry reports on real estate development
Disclaimers:
This analysis is based on publicly available information and is for informational purposes only. It does not constitute financial advice. Investors should conduct their own due diligence before making any investment decisions.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About Howard Hughes Holdings Inc.
Exchange NYSE | Headquaters The Woodlands, TX, United States | ||
IPO Launch date 2010-11-05 | CEO & Director Mr. David R. O'Reilly | ||
Sector Real Estate | Industry Real Estate - Development | Full time employees 545 | Website https://www.howardhughes.com |
Full time employees 545 | Website https://www.howardhughes.com | ||
Howard Hughes Holdings Inc., together with its subsidiaries, develops and operates master planned communities (MPCs) in the United States. It operates through three segments: Operating Assets, MPC, and Strategic Developments. The Operating Assets segment acquires or develops retail, office, and multifamily properties, as well as invests in other real estate properties. The MPC segment develops and sells land in large-scale and long-term community development projects in and around Las Vegas, Nevada; Houston, Texas; and Phoenix, Arizona to homebuilders and developers. The Strategic Developments segment develops residential condominium and commercial property projects, as well as various other properties. The company was founded in 2010 and is headquartered in The Woodlands, Texas.

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