THE WOODLANDS, Texas, April 14, 2025 (GLOBE NEWSWIRE) -- Howard Hughes Holdings Inc. (NYSE: HHH) (the “Company” or “HHH”) today further extended its previously announced standstill agreement with Pershing Square Capital Management L.P. (“Pershing Square”). The standstill agreement will now remain in effect until April 30, 2025, unless further extended. There can be no assurance that discussions with Pershing Square will result in any particular outcome, and HHH does not intend to comment further on these ma ...

HHH to Host Earnings Call on May 8, 2025THE WOODLANDS, Texas, April 09, 2025 (GLOBE NEWSWIRE) -- Howard Hughes Holdings Inc. (NYSE: HHH) (“the Company” or “Howard Hughes”) announced today that the Company will release 2025 first quarter earnings on Wednesday, May 7, 2025, after the market closes and will hold its first quarter conference call on Thursday, May 8, 2025, at 10:00 AM Eastern Time. The Company's earnings release will be posted to the Investors section of the Company's website prior to the confer ...

THE WOODLANDS, Texas, April 07, 2025 (GLOBE NEWSWIRE) -- Howard Hughes Holdings Inc. (NYSE:HHH) (the "Company" or "HHH") today further extended its previously announced standstill agreement with Pershing Square Capital Management L.P. ("Pershing Square"). The standstill agreement will now remain in effect until April 15, 2025, unless further extended. There can be no assurance that discussions with Pershing Square will result in any particular outcome, and HHH does not intend to comment further on these mat ...

THE WOODLANDS, Texas, March 12, 2025 (GLOBE NEWSWIRE) -- Howard Hughes Holdings Inc. (NYSE: HHH) (the “Company” or “HHH”) today announced an extension to the previously announced standstill agreement with Pershing Square Capital Management L.P. (“Pershing Square”). The standstill agreement will now remain in effect until April 7, 2025, unless further extended. There can be no assurance that discussions with Pershing Square will result in any particular outcome, and HHH does not intend to comment further on ...

Howard Hughes Holdings just rejected Bill Ackman's offer, but that doesn't mean it's over.Billionaire investor Bill Ackman has ambitious plans to transform Howard Hughes Holdings (HHH -3.49%) into the next Berkshire Hathaway (BRK.A 0.02%) (BRK.B -0.13%). In this video, I'll discuss the latest developments with the potential deal, the current state of Howard Hughes' business, and why the company might think Ackman's offer is inadequate.*Stock prices used were the morning prices of March 6, 2025. The video wa ...

THE WOODLANDS, Texas, March 03, 2025 (GLOBE NEWSWIRE) -- Howard Hughes Holdings Inc. (NYSE:HHH) (the "Company" or "HHH") announced that the Special Committee of its Board of Directors (the "Special Committee") responded to Pershing Square Capital Management L.P. ("Pershing Square") indicating that the proposal received on February 13, 2025 (the "Revised Proposal") is not acceptable in its current form. The Special Committee also announced that it has entered into a standstill agreement with Pershing Square ...

Financial Data and Key Metrics Changes - The company reported record full-year results in each segment, with Master Planned Community (MPC) EBT reaching $349 million, driven by record residential land sales revenue and average price per acre [9][14] - Operating assets delivered record NOI of $257 million, a 6% increase year over year [10][21] - The company executed over $860 million in financings during 2024, including more than $300 million in the fourth quarter [11][50] Business Line Data and Key Metrics Changes - In the MPC segment, EBT was $57 million in Q4, primarily from the sale of 60 residential acres at an average price of $909,000 per acre [12][14] - The operating assets generated $61 million of NOI in Q4, reflecting a 9% year-over-year growth [21] - Retail NOI improved by 15% in Q4, totaling $13 million, with full-year retail NOI increasing 8% to $54 million [26][27] Market Data and Key Metrics Changes - The company sold 510 residences in Q4, totaling 2,234 homes for the year, ranking Summerlin and Bridgeland as the fifth and seventh top-selling MPCs in the nation [15] - Despite rising mortgage rates, the company anticipates strong new home construction in 2025 due to limited inventory and high demand for new homes [16][18] Company Strategy and Development Direction - The company plans to focus on residential land sales and anticipates continued strong demand for new homes in 2025, particularly in Summerlin and Bridgeland [39][40] - The company is also exploring additional entitlements in Ward Village, potentially adding 2.5% to 3.5% million square feet for future condo projects [53][55] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the housing market, citing strong demand for new homes and limited existing inventory as key drivers for growth [16][18] - The company expects another strong year in the MPC segment in 2025, projecting EBT to increase by 5% to 10% year over year [39][40] Other Important Information - The company ended 2024 with $596 million in cash and approximately $315 million in available lender commitments, providing over $900 million in liquidity [48] - The company plans to introduce a new guidance metric for 2025 called adjusted operating cash flows, expected to range between $320 million and $375 million [45][46] Q&A Session Summary Question: Update on Seaport and its impact on cash flow - Management noted that Seaport has historically been a cash drain, costing about $170 million in adjusted operating cash flow in the past year, and its absence in 2025 will allow for better capital allocation [66][70] Question: Guidance for operating free cash flow and net cash position - The stable net cash position is attributed to deliberate capital deployment and a focus on specific projects, despite lower condo deliveries [71][72] Question: Commentary on Summerlin's price per acre increase - The increase in price per acre is primarily driven by the sale of Superpads at higher prices, reflecting strong demand from homebuilders [74][78] Question: Expected legislation in Nevada for studios - Management is optimistic about the passage of a film tax credit bill and is actively engaging with the legislature [92] Question: Commentary on Columbia move-outs and turnover expectations - Management reported active marketing efforts and positive absorption in multifamily assets, with no significant negative fallout from external factors [105][106] Question: Updates on Superpad sales and acreage sold - Management is cautiously optimistic about strong Superpad sales, expecting significant price increases due to strong demand from homebuilders [109]

The HHH Opportunity 4Q 2024 Forward-Looking Statements Statements made in this presentation that are not historical facts, including statements accompanied by words such as "anticipate," "believe," "estimate," "expect," "forecast," "intend," "likely," "may," "plan," "project," "realize," "should," "transform," "would," and other statements of similar expression and other words of similar expression, are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, a ...

Howard Hughes Holdings (HHH) came out with quarterly earnings of $3.25 per share, beating the Zacks Consensus Estimate of $2.85 per share. This compares to earnings of $0.69 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 14.04%. A quarter ago, it was expected that this land developer would post earnings of $0.19 per share when it actually produced earnings of $1.95, delivering a surprise of 926.32%.Over the last four quarters ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K (MARK ONE) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2024 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number 001-41779 HOWARD HUGHES HOLDINGS INC. (Exact name of registrant as specified in its charter) (State or other jurisdiction of incorporatio ...