Howard Hughes Holdings Inc. (HHH)

Howard Hughes Holdings Inc., together with its subsidiaries, develops master planned communities (MPCs) in the United States. It operates through three segments: Operating Assets, MPC, and Strategic Developments. The Operating Assets segment acquires or develops retail, office, and multifamily properties, as well as invests in other real estate properties. The MPC segment plans, develops, and sells land in large scale and long term community development projects to homebuilders and developers. The Strategic Developments segment develops residential condominium and commercial property projects, as well as various other properties. The company was founded in 2010 and is headquartered in The Woodlands, Texas.

Ticker: HHH
Exchange: NYSE
Sector: Real Estate
Industry: Real Estate - Development
Market cap: $4.64B
52-week range: $60.09 - $91.07

Valuation

Share price: $77.73 (close of Nov 6, 2026)
P/E (TTM): 26.79x
Price to book: 1.14x
Price to free cash flow: 4.98x
Enterprise value: $1.75B
Book value per share: $68.29

Price performance

Period	Change
1 day	-0.38%
5 days	+1.97%
1 month	+6.07%
3 months	+14.22%
6 months	+21.23%
Year to date	-2.56%
1 year	-0.66%
3 years	+13.36%
5 years	-14.33%
10 years	-22.22%
All time	+114.58%

Short interest

As of: Oct 15, 2026
Short % of float: 15.00%
Shares short: 4.61M
Days to cover: 6.80
Change since prior report: +3.45%
Source: FINRA consolidated short interest

Profitability and growth

Return on equity: 3.22%
Return on assets: 1.16%
Net margin: 8.40%
Revenue growth: -15.75%
Net income growth: -37.33%
Free cash flow growth: 16.59%

Cash flow and balance sheet

Free cash flow yield (TTM): 20.09%
Net debt to EBITDA: -3.94x

Latest reported year

Period end: Dec 31, 2025
Fiscal year: 2025
Revenue: $1.47B
Net income: $123.90M
Earnings per share: $2.22
Interest expense: $169.93M
Shares outstanding: 55.72M

Income statement by year

Period end	Revenue	Net income	EPS
2025-12-31	$1.47B	$123.90M	$2.22
2024-12-31	$1.75B	$197.70M	$3.98
2023-12-31	$908.75M	-$551.77M	-$11.13
2022-12-31	$1.49B	$184.53M	$3.65
2021-12-31	$1.43B	$48.92M	$1.03

Margins and returns by year

Period end	Net margin	Return on equity
2025-12-31	8.40%	3.22%
2024-12-31	11.29%	6.96%
2023-12-31	-60.72%	-18.04%
2022-12-31	12.39%	5.12%
2021-12-31	3.43%	1.32%

Cash and debt by year

Period end	Cash	Debt
2025-12-31	$1.47B	$5.11B
2024-12-31	$596.08M	$5.13B
2023-12-31	$629.71M	$5.30B
2022-12-31	$610.21M	-

Free cash flow by year

Period end	Free cash flow	Stock-based compensation
2025-12-31	$462.37M	$19.80M
2024-12-31	$396.59M	$16.01M
2023-12-31	-$258.48M	$16.39M
2022-12-31	$325.25M	$11.89M
2021-12-31	-$283.96M	$9.88M

Investor relations

Past earnings dates

Reported	Fiscal period	EPS estimate
2026-11-05	Sep 2026	$1.03
2026-08-05	Jun 2026	-
2026-05-07	Mar 2026	$0.08
2026-02-19	Dec 2025	$0.31
2025-11-10	Sep 2025	$1.56
2025-08-06	Jun 2025	$1.01
2025-05-07	Mar 2025	$0.13
2025-02-26	Dec 2024	$2.85

Filings and sources

Company website: howardhughes.com
SEC filings: 10-K, 10-Q and 8-K on EDGAR
Earnings calendar: All upcoming reports

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