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Companies / Real Estate / Howard Hughes Holdings Inc.
HHH

Howard Hughes Holdings Inc.

Real EstateREITs
Ticker HHHTHE WOODLANDS, TXFiscal year ends DecemberBook value per share $66.94Diluted shares 59.2M

Howard Hughes Holdings Inc. (NYSE: HHH) is a holding company that owns The Howard Hughes Corporation, a large-scale mixed-use real estate development platform. The company operates through three primary business segments: Operating Assets, Master Planned Communities (MPCs), and Strategic Developments. The company's… From the company’s description.

Fiscal year 2025 · ends 12-31Changes are against fiscal 2024The amber dot is the latest twelve months, to 2026-06-30
Sales & profitability
$1.47B
−15.8% year over year
Last 12 mo $2.37B
22.48%
−9.5 percentage points
Last 12 mo 21.32%
$123.84M
−56.6% year over year
Last 12 mo $290.10M
3.28%
−3.8 percentage points
Last 12 mo 7.38%
Cash & financing
$462.37M
+16.6% year over year
Last 12 mo $787.15M
$414.11M
+19.5% year over year
Last 12 mo $731.92M
1.35
Was 1.85× a year earlier
Last 12 mo 1.38
56.0M
+12.3% year over year
Last 12 mo 59.2M

Margins and return on equity change in ; everything else in percent. Fewer shares and less debt are shown plainly, not as bad news — it depends what you make of buybacks. Dotted labels explain each measure. is shown separately from the annual figures.

What Howard Hughes Holdings Inc. does

In the company’s own words

Howard Hughes Holdings Inc. (NYSE: HHH) is a holding company that owns The Howard Hughes Corporation, a large-scale mixed-use real estate development platform. The company operates through three primary business segments: Operating Assets, Master Planned Communities (MPCs), and Strategic Developments. The company's website is www.howardhughes.com.

The Operating Assets segment comprises 77 properties including 13 retail properties, 37 office properties, 18 multifamily properties, and 9 other operating properties or investments, representing approximately 9.3 million square feet of retail and office space and 5,855 multifamily units. These assets are concentrated within the company's MPCs, providing competitive advantages through scale and operational synergies.

The Master Planned Communities segment develops and manages large-scale, mixed-use communities across five states. The portfolio includes Summerlin in Las Vegas, The Woodlands, The Woodlands Hills, and Bridgeland in the Houston region, and Teravalis in the Phoenix region. These communities encompass approximately 101,000 gross acres, with approximately 34,000 acres available for sale or development. The company generates revenue through the sale of finished lots and undeveloped superpads to residential homebuilders and developers, as well as commercial land sales and builder price participation arrangements.

The Strategic Developments segment consists of various development and redevelopment projects, including condominium towers at Ward Village in Hawai'i and The Woodlands. As of December 31, 2025, five properties were under construction and not yet placed into service. The company has opened or started construction on 11 condominium towers with approximately 99 percent of units sold or pre-sold.

The company employs approximately 500 individuals across various U.S. locations. In 2025, the company began executing a strategy to transition from a pure-play real estate company to a diversified holding company. In May 2025, the company sold 9 million newly issued shares to Pershing Square for $900 million. In December 2025, the company announced a definitive agreement to acquire Vantage Group Holdings Ltd., a specialty insurance and reinsurance company, for approximately $2.1 billion, expected to close in the second quarter of 2026.

Company details
Sector
Real Estate
Industry
REITs
Headquarters
THE WOODLANDS, TX
Fiscal year end
December
CIK
1981792
SIC
6798

Financial performance, year by year

Fiscal 2023–2025 · USD
$-843.98M$33.36M$910.70M$1.79B$2.67B202320242025Last 12 moLast 12 monthsLast 12 months

The full income statement, balance sheet and cash flow for each of these years — every figure traceable to its filing — is on the Financials tab with a free account.

Ownership

Who owns Howard Hughes Holdings Inc. — and what changed

Funds as of 2026Q2 · superinvestors as of 2026-06-30

223
funds hold it
0 of 35
superinvestors hold it
$713.19M
held by funds, at market
18.3%
of shares held by funds
4
bond issues held by funds

Largest fund holders · Howard Hughes Holdings Inc.’s weight in each

VANGUARD REAL ESTATE INDEX FUND
VNQ · VANGUARD SPECIALIZED FUNDS
0.11%of fund net assets
Avantis U.S. Small Cap Value ETF
AVUV · American Century ETF Trust
0.28%of fund net assets
VANGUARD TOTAL STOCK MARKET INDEX FUND
VTI · VANGUARD INDEX FUNDS
0.00%of fund net assets
VANGUARD SMALL-CAP INDEX FUND
VB · VANGUARD INDEX FUNDS
0.03%of fund net assets
U.S. SMALL CAP VALUE PORTFOLIO
DFSVX · DFA INVESTMENT DIMENSIONS GROUP INC
0.19%of fund net assets

Fund ownership is a floor, not a census — pensions, insurers and people holding shares directly are not visible here.

Howard Hughes Holdings Inc.’s bonds, as funds hold them

Funds report holding 4 issues of Howard Hughes Holdings Inc.’s debt, $1.24B at market value — what funds hold, not the company’s total debt. Weighted-average coupon 4.99%, maturing 2029 to 2034.

Fund ownership counts N-PORT filers only, so it is a floor rather than a census — pensions, insurers and direct holders are not visible here, and the remainder is not “held by individuals”.

Every fund and institutional holder, quarter by quarter, is on the Ownership tab with a free account.

Connected research

Put this business in context.

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  • How do Howard Hughes Holdings Inc. and its peers compare on margins and cash generation over ten years?
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