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HHHHoward Hughes Holdings Inc.
$73.88$4.4B
Overview & Verdict
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HHH logoHoward Hughes Holdings Inc.(HHH)Earnings, Financials & Key Ratios

HHH•NYSE•REIT / Real Estate
$73.88
35.2× P/E·Price updated Jul 7, 2026
SectorReal EstateIndustryDiversified Real EstateSub-IndustryMaster planned community land developers
AboutHoward 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.Show more
  • Revenue$1.47B-15.8%
  • FFO$307M-18.6%
  • FFO/Share5.19-31.0%
  • FFO Payout0%
  • FFO per Share5.19-31.0%
  • NOI Margin18.72%-55.2%
  • FFO Margin20.82%-3.4%
  • ROE3.71%-44.7%
  • ROA1.25%-40.7%

HHH Price & Volume

Howard Hughes Holdings Inc. (HHH) stock price & volume — 10-year historical chart

Loading chart...

Lumpy Development Revenue Masks Underlying Cash Volatility

Investment Thesis • Updated 2026Q1

VerdictNeutral
Growth:Mixed
Profitability:Strained
Financial:Adequate
Cash Flow:Mixed
Primary Risk:Development revenue lumpiness

Key Thesis Takeaways

  • Howard Hughes Holdings operates a capital-intensive master-planned community model that generates significant revenue volatility, as evidenced by the 36.5% revenue contraction observed in 2025Q4.
  • While the company maintains a robust $1.8B cash position as of 2026Q1 to support ongoing infrastructure, the structural reliance on project-based closings creates unpredictable FFO per share, which fluctuated from -$0.17 in 2024Q1 to $4.03 in 2024Q4.
  • Investors should monitor the disconnect between GAAP net income and operating cash flow, as the company's long-term value creation remains heavily tethered to the timing of asset completions rather than consistent organic growth.

Verdict Logic

while the company holds a strong $1.8B cash reserve, the extreme volatility in FFO per share and the negative free cash flow of -$237.9M in 2026Q1 suggest that the underlying earnings quality remains highly speculative.

HHH Growth Metrics

Howard Hughes Holdings Inc. (HHH) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR

Revenue CAGR

10 Years6.35%
5 Years16.09%
3 Years-0.33%
TTM-15.73%

Profit CAGR

10 Years-0.22%
5 Years-
3 Years-12.44%
TTM-53.36%

EPS CAGR

10 Years2.76%
5 Years-
3 Years-16.83%
TTM-60.99%

Return on Capital

10 Years2.27%
5 Years2.17%
3 Years1.06%
Last Year2.66%

HHH Recent Earnings

Howard Hughes Holdings Inc. (HHH) EPS & revenue vs analyst estimates — last 4 quarters

Full history →
●Beat EPS 6/12 qtrs (50%)●Beat Revenue 9/12 qtrs (75%)
Q2 2026Latest
May 7, 2026
Metric
Actual
Est
EPS
$0.14+75.0%
$0.08
Rev
$236M+21.3%
$194M
Q1 2026
Feb 19, 2026
Metric
Actual
Est
EPS
$0.10-67.7%
$0.31
Rev
$624M+5.6%
$591M
Q4 2025
Nov 10, 2025
Metric
Actual
Est
EPS
$2.02+38.4%
$1.46
Rev
$390M+9.0%
$358M
Q3 2025
Aug 6, 2025
Metric
Actual
Est
EPS
$0.44-56.4%
$1.01
Rev
$261M-9.7%
$289M
QuarterDateEPS (Act vs Est)Revenue (Act vs Est)
Q2 2026LatestMay 7, 2026
$0.14vs $0.08+75.0%
$236Mvs $194M+21.3%
Q1 2026Feb 19, 2026
$0.10vs $0.31-67.7%
$624Mvs $591M+5.6%
Q4 2025Nov 10, 2025
$2.02vs $1.46+38.4%
$390Mvs $358M+9.0%
Q3 2025Aug 6, 2025
$0.44vs $1.01-56.4%
$261Mvs $289M-9.7%
Based on last 12 quarters of dataView full earnings history →

Latest HHH News

Recent stock market news and headlines for Howard Hughes Holdings Inc. (HHH)

GlobeNewsWire·17h ago
Howard Hughes Holdings Inc. Announces Dates and Times for 2026 Second Quarter Earnings Release and Conference Call

THE WOODLANDS, Texas, July 07, 2026 (GLOBE NEWSWIRE) -- Howard Hughes Holdings Inc . (NYSE: HHH) (“the Company” or “Howard Hughes”) announced today that the Company will release 2026 second quarter earnings on Wednesday, August 5, 2026, after the market closes and will hold its second quarter conference call on Thursday, August 6, 2026, at 10:00 AM Eastern Time.

Newsfile Corp·Jun 16, 2026
Helius Minerals Limited Announces Issuance of Options

Vancouver, British Columbia--(Newsfile Corp. - June 16, 2026) - Helius Minerals Limited (TSXV: HHH) ("Helius" or the "Company") announces that it has issued 65,611 stock options to a director of the company pursuant to the Company's stock option plan. The stock options were issued as of June 16, 2026, with an expiry date of 60 months from the date of issuance and are exercisable at a price of $5.01 per common share.

Peers Comparison

Key metrics vs top competitors for Howard Hughes Holdings Inc. (HHH)

Full Screener →
CompanyPriceMarket CapP/E RatioRev Growth (1Y)Net MarginROEDiv Yield
HHH logoHHHHoward Hughes Holdings Inc.Current
$73.88$4.41B35.18-15.75%8.4%3.71%—
IRT logoIRTIndependence Realty Trust, Inc.
$17.35$4.09B72.292.76%7.27%1.35%—
FPH logoFPHFive Point Holdings, LLC
$5.08$763.56M10.58-53.76%41.16%1.94%—
ALX logoALXAlexander's, Inc.
$270.38$1.38B49.16-5.83%9.72%17.37%—
FCPT logoFCPTFour Corners Property Trust, Inc.
$25.28$2.77B23.199.72%38.74%7.38%—
SPG logoSPGSimon Property Group, Inc.
$227.19$73.8B16.076.72%70.4%97.99%—

Compare HHH vs Peers

Howard Hughes Holdings Inc. (HHH) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.

Closest Rival

vs IRT

Most directly comparable listed peer for HHH.

Scale Benchmark

vs SPG

Larger-name benchmark to compare HHH against a more recognizable public peer.

Peer Set

Compare Top 5

vs IRT, FPH, ALX, FCPT

HHH SEC Filings & Documents

Howard Hughes Holdings Inc. (HHH) SEC filings — annual & quarterly reports (10-K, 10-Q)

8-K Announcements

6
Material company update

May 7, 2026·SEC

Material company update

Apr 21, 2026·SEC

Material company update

Mar 6, 2026·SEC

10-K Annual Reports

3
FY 2026

Feb 19, 2026·SEC

FY 2025

Feb 26, 2025·SEC

FY 2024

Feb 27, 2024·SEC

10-Q Quarterly Reports

6
FY 2026

May 7, 2026·SEC

FY 2025

Nov 10, 2025·SEC

FY 2025

Aug 6, 2025·SEC

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HHH Frequently Asked Questions

Howard Hughes Holdings Inc. (HHH) stock FAQ — growth, dividends, profitability & financials explained

Growth & Financials
What is Howard Hughes Holdings Inc.'s revenue?

Howard Hughes Holdings Inc. (HHH) reported $1.51B in revenue for fiscal year 2025. This represents a 1009% increase from $136.3M in 2009.

How fast is Howard Hughes Holdings Inc. growing?

Howard Hughes Holdings Inc. (HHH) saw revenue decline by 15.8% over the past year.

Is HHH profitable?

Yes, Howard Hughes Holdings Inc. (HHH) is profitable, generating $121.6M in net income for fiscal year 2025 (8.4% net margin).

Dividend & Returns
What is HHH's return on equity?

Howard Hughes Holdings Inc. (HHH) has a return on equity (ROE) of 3.7%. This is below average, suggesting room for improvement.

Industry Metrics
What is Howard Hughes Holdings Inc.'s FFO?

Howard Hughes Holdings Inc. (HHH) generated Funds From Operations (FFO) of $308.4M in the trailing twelve months. FFO is the primary profitability metric for REITs.

What if you invested $1,000 in HHH back in 2009?

Total return calculator · dividends reinvested · 17+ years of data

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