THE WOODLANDS, Texas, Jan. 08, 2025 (GLOBE NEWSWIRE) -- Summerlin® and Bridgeland®, two of the award-winning communities in the Howard Hughes Holdings Inc. (NYSE:HHH) portfolio, have been ranked among the nation's top 10 best-selling master planned communities (MPCs) for 2024, according to the year-end report released by national real estate consultant RCLCO. Summerlin, in Las Vegas ranked #5 on the RCLCO list with 1,055 home sales while Bridgeland, in the Greater Houston area, ranked #7 nationally with 938 ...

Core Insights - Howard Hughes Holdings Inc. has two communities, Summerlin and Bridgeland, ranked among the top 10 best-selling master planned communities (MPCs) in the U.S. for 2024, with Summerlin at 5 (1,055 home sales) and Bridgeland at 7 (938 home sales) [1][2] Company Performance - In 2024, Howard Hughes communities experienced strong new home sales and are expected to achieve all-time-high residential land sales in terms of price-per-acre and acres sold [2] - The Houston metropolitan area accounted for 22% of all sales among top-ranked MPCs, while Nevada claimed over 26% of sales among the top five best-selling MPCs [2] Summerlin Community Highlights - Summerlin sold 1,055 new homes in 2024 and has been consistently ranked in the top 25 best-selling MPCs for over 28 years, showcasing its enduring appeal [3][4] - The community offers extensive amenities, including over 300 parks, 200 miles of trails, and various recreational facilities, contributing to its attractiveness [3][10] - Summerlin plans to add over a dozen new neighborhoods and three new parks in 2025, enhancing its residential offerings and outdoor lifestyle [4] Bridgeland Community Highlights - Bridgeland was named the 2024 Master Planned Community of the Year and sold 938 homes, ranking 2 in Texas and 7 nationwide [5][11] - The community is undergoing significant commercial development with the Bridgeland Central project, which will introduce a 925-acre urban district featuring retail, hotels, and office spaces [6][8] - Bridgeland is home to approximately 23,000 residents and is projected to grow to nearly 70,000 at full buildout, supported by extensive parks and recreational amenities [9][11]

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THE WOODLANDS, Texas, Nov. 13, 2024 (GLOBE NEWSWIRE) -- Howard Hughes Holdings Inc. (NYSE: HHH) announced today it will host its 2024 Investor Day on Monday, November 18 in Summerlin®, the company’s award-winning master planned community in Las Vegas, Nevada. The event will include a presentation led by the HHH executive team which will be webcast live starting at 1:00 p.m. Pacific Time (4:00 p.m. Eastern Time). To listen to the live webcast, please visit the company’s website. An on-demand replay of the we ...

Most of us have heard the dictum "the trend is your friend." And this is undeniably the key to success when it comes to short-term investing or trading. But it isn't easy to ensure the sustainability of a trend and profit from it.The trend often reverses before exiting the trade, leading to a short-term capital loss for investors. So, for a profitable trade, one should confirm factors such as sound fundamentals, positive earnings estimate revisions, etc. that could keep the momentum in the stock alive.Our " ...

HHH Portfolio Highlights - Howard Hughes has 69 million square feet of office space and 29 million square feet of retail space[9] - Howard Hughes has 5,855 multi-family units and 2,697 condos closed[9] - Howard Hughes has 7 communities and 35,000 acres of raw land[9] - Howard Hughes has a 9% historical Yield on Cost (YOC) and an 18% historical Return on Equity (ROE)[9] Financial Performance and Guidance - Master Planned Communities (MPC) are expected to generate $330 million in EBT for 2024[12] - Strategic Developments, specifically condo sales, are projected to bring in $760 million in revenue for 2024[12] - Operating Assets are anticipated to achieve $257 million in NOI for 2024[12] - The company anticipates a mid-point of $330 million EBT for MPC in 2024, with a lower end of $255 million (-6% vs FY2023) and an upper end of -1% vs FY2023[61] - The company anticipates a mid-point of $257 million NOI for Operating Assets in 2024, with a lower end +5% vs FY2023 and an upper end +8% vs FY2023[79] Land Appreciation and Sales - The weighted average price per acre is $642,000, and total land sales revenue is $24 billion[27] - MPC Gross Asset Value has increased by 123% since 2017, reaching $39 billion in 2024 (excluding the value of Teravalis for comparison)[27]

Howard Hughes Holdings (HHH) came out with quarterly earnings of $1.95 per share, beating the Zacks Consensus Estimate of $0.19 per share. This compares to loss of $0.26 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 926.32%. A quarter ago, it was expected that this land developer would post earnings of $0.28 per share when it actually produced earnings of $0.42, delivering a surprise of 50%.Over the last four quarters, the c ...

THE WOODLANDS, Texas, Nov. 04, 2024 (GLOBE NEWSWIRE) -- Howard Hughes Holdings Inc. (NYSE: HHH) (the “Company,” “HHH,” or “we”) today announced operating results for the third quarter ended September 30, 2024. The financial statements, exhibits, and reconciliations of non-GAAP measures in the attached Appendix and the Supplemental Information, as available through the Investors section of our website, provide further detail of these results. Third Quarter 2024 Highlights: Net income from continuing operatio ...

Core Viewpoint - The article emphasizes the importance of confirming the sustainability of stock trends for successful short-term investing, highlighting the need for sound fundamentals and positive earnings estimates to maintain momentum in stocks [1]. Group 1: Stock Performance - Howard Hughes Holdings (HHH) has shown a solid price increase of 4.9% over the past 12 weeks, indicating investor willingness to pay more for its potential upside [2]. - HHH has maintained a price increase of 1.3% over the last four weeks, suggesting that the upward trend is still intact [2]. - The stock is currently trading at 80.5% of its 52-week high-low range, indicating a potential breakout [2]. Group 2: Fundamental Strength - HHH carries a Zacks Rank 1 (Strong Buy), placing it in the top 5% of over 4,000 ranked stocks based on earnings estimate revisions and EPS surprises, which are critical for near-term price movements [3]. - The Zacks Rank system has a strong track record, with Rank 1 stocks generating an average annual return of +25% since 1988 [3]. - The Average Broker Recommendation for HHH is also 1 (Strong Buy), reflecting high optimism from the brokerage community regarding its near-term price performance [3]. Group 3: Investment Strategy - The article suggests that HHH is not the only stock passing through the "Recent Price Strength" screen, encouraging investors to explore other stocks that meet similar criteria [4]. - It highlights the importance of using effective stock-picking strategies that have produced profitable results in the past, which can be backtested using the Zacks Research Wizard [4].

THE WOODLANDS, Texas, Oct. 10, 2024 (GLOBE NEWSWIRE) -- Howard Hughes Holdings Inc. (NYSE: HHH) announced today it has once again earned the top ranking in its peer group of Americas Diversified Listed real estate companies by the Global Real Estate Sustainability Benchmark (GRESB). The ranking is part of the 2024 GRESB Real Estate Assessment's Standing Investments Benchmark. The comprehensive actions that helped secure these rankings are detailed in the company's recent Communities Report and reinforce adv ...