Transaction Proposal - Pershing Square Capital Management LP has proposed to acquire additional shares of Howard Hughes Holdings Inc (HHH) through a merger transaction, which would result in Pershing Square owning a majority of the company's common stock [1] - Pershing Square currently beneficially owns approximately 37.6% of HHH's common stock [1] - The proposal is conditioned on negotiation and execution of a definitive agreement, approval by the Special Committee, and approval by holders of a majority of shares not owned by Pershing Square or its affiliates [6] Company Response - HHH has formed a Special Committee of independent directors to evaluate the proposal and determine the appropriate course of action [4] - The company does not intend to comment further on the matter unless further disclosure is deemed appropriate or necessary [2] - No action is required by HHH stockholders at this time [4] Advisory Team - Morgan Stanley & Co LLC is acting as financial advisor to the Special Committee [5] - Hogan Lovells US LLP and Richards, Layton & Finger, PA are acting as legal counsel to the Special Committee [5] Company Overview - Howard Hughes Holdings Inc owns, manages, and develops commercial, residential, and mixed-use real estate throughout the US [7] - The company's portfolio includes master planned communities, operating properties, and development opportunities in various locations across the country [7] - HHH is recognized for its innovative placemaking, design excellence, and commitment to the cultural life of its communities [7]

Howard Hughes Holdings (HHH 8.85%) stock is soaring on Monday, with shares up by 11% at 10 a.m. ET on a day when the S&P 500 (^GSPC -0.61%) and Nasdaq Composite (^IXIC -1.35%) are firmly in the red.Howard Hughes is a developer of master-planned communities, or MPCs. It is the company behind the massive Woodlands community in the Houston area, as well as the Summerlin community just outside of Las Vegas, just to name a couple examples. Management has referred to the company as a real-life version of the popu ...

Key TakeawaysHoward Hughes shares jumped after Bill Ackman's investment firm offered to buy the remaining stake in the company.Ackman's Pershing Square already owned 38% of Howard Hughes as of Nov. 14, according to an SEC filing.The move would create a Pershing subsidiary to merge with Howard Hughes, giving current investors an offer of $85 per share. Billionaire Bill Ackman’s investment firm Pershing Square has offered to buy the remainder of real estate developer Howard Hughes Holdings (HHH) for $85 per s ...

Bill Ackman's Pershing Square is offering to take over the rest of Howard Hughes Holdings the investment firm does not own for $85 a share."While we are pleased with the substantial business progress Howard Hughes Holdings has made over the more than 14 years since it went public, we, like other long-term shareholders and this board, have been displeased with the Company's stock price performance," wrote Ackman in a letter to the Howard Hughes board.Ackman proposed forming a new subsidiary of Pershing, whic ...

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]