Howard Hughes Holdings Inc. (HHH) Stock

Howard Hughes Holdings Inc. (HHH) is a Real Estate stock trading at $66.50 (as of 2026-08-21), with a market capitalization of $3.97B and a trailing P/E of 13.6. Figures are sourced from first-party U.S. SEC EDGAR filings and market data.

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.

Understand Howard Hughes Holdings Inc.: how it makes money

Howard Hughes develops and manages real estate, making money by developing, selling, and leasing (including rental income) across Operating Assets, Master Planned Communities, Seaport, and Strategic Developments, which includes projects such as Ward Village.

The profit model blends recurring rental revenue from Operating Assets with development economics, so results depend on converting pre-development and contracted land and condo pipeline into actual sell-offs and contracted sales.

Business quality (Weak): Clear segment structure (Operating Assets, MPCs, Seaport, Strategic Developments), but the provided segment-revenue inputs appear tied to future/pipeline concepts, and gross margin is not provided, which limits short-term visibility.

Valuation: At 31× earnings, HHH trades in line with the Trading average (34×). Note: one-time items can distort reported P/E.

Bull case

  • Pipeline visibility tied to sell-off economics: The dataset highlights “Estimated Future Gap Revenue at Sell-Off” (5.0 USD_B) and “Condo Pipeline Future Revenue” (2.7 USD_B), both focused on future development monetization.
  • Leasing health supports rental revenue: Operating assets include rental streams, and the dataset shows “Office Portfolio Leased Percentage” of 92% and “Multifamily Portfolio Leased Percentage” of 97%.

Bear case

  • Development timing risk versus current-period revenue: Key inputs emphasize future revenue and pipeline conversion (for example, future revenue from projects under construction or pre-development), so delays in construction or sales conversion can impact realized results.
  • Execution risk in pre-sales and contracted sales: The dataset also relies on pre-sale and contracted-unit concepts (for example, “Condo Projects Under Construction or Pre-Development Pre-Sold Percentage” and “Condominium Units Contracted for Sale”), which may not translate cleanly into outcomes quarter by quarter.
Valuation — source: SEC EDGAR (first-party)
Price$66.50
Market Cap$3.97B
P/E Ratio13.6
EV / EBITDA0.9
Price / Book0.98
Price / Sales1.67
DCF Value (model)$49.07
DCF Upside vs Price-26.2%
Profitability & Growth — source: SEC EDGAR
Revenue (TTM)$1.47B
Net Margin8.4%
Revenue Growth (YoY)330.2%
EPS Growth (YoY)-1318.2%
Valuation vs Sector & Industry
Stock P/E13.6
Sector P/E (Real Estate)27.2
Industry P/E (Trading)35.3
vs Sector-50.0%
vs Industry-61.5%
Smart-Money Activity — SEC Form 4 / 13F / Congressional disclosures
Top Institutional HolderPershing Square Capital Management, L.P. ($1.19B)
Institutional Holders Tracked10
Company
SectorReal Estate
IndustryTrading
CEODavid R. O'Reilly
Employees545
CountryUS
IPO Date2010-11-05

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HHH earnings history · HHH institutional & insider holders · HHH KPIs & operating metrics · HHH financials · HHH investor presentations & press releases · HHH SEC filings · HHH peers · Congress trades · Insider trades · Short interest · Stock screener

Data as of 2026-08-21.

Figures sourced from U.S. Securities and Exchange Commission (SEC EDGAR) filings and market data. Not personalized investment advice.