Howard Hughes Holdings Inc. (HHH) AI Stock Analysis

Howard Hughes Holdings Inc. operates as a real estate development company focused on the United States market across four segments: Operating Assets, Master Planned Communities (MPCs), Seaport, and Strategic Developments. The Operating Assets segment holds retail, office, and multi-family properties that provide income. The MPCs segment develops, sells, and leases residential and commercial land in locations including Las Vegas, Nevada; Houston, Texas; and Phoenix, Arizona. The Seaport segment manages landlord operations, businesses, and events across New York City properties such as Pier 17 and the Tin Building. The Strategic Developments segment develops and redevelops residential condominiums and commercial properties.

Between FY2020 and FY2025, revenue achieved a 5-year CAGR of 16.1%. Annual revenue expanded to $1.49B in FY2022 and $1.75B in FY2024, but saw pullbacks including a decline of 31.2% in FY2023 to $1.02B and a decline of 15.8% in FY2025 to $1.47B. Operating margin was 17.2% in FY2025, down from 32.0% in FY2024, while net income stood at $123.9M with EPS of $2.11. For the trailing twelve months, revenue reached $2.37B with a profit margin of 12.3% and EPS of $4.94. In the latest quarter ended June 30, 2026, quarterly revenue grew 330.2% year-over-year, while quarterly earnings declined 33.6%.

As of June 30, 2026, Howard Hughes Holdings Inc. held $2.68B in cash and short-term investments alongside total debt of $5.46B, resulting in net debt of $2.79B. Total assets stood at $15.91B against shareholders' equity of $4.96B, reflecting a debt-to-equity ratio of 1.10 and a current ratio of 2.75. In FY2025, the company generated operating cash flow of $462.4M and free cash flow of $458.9M, while allocating $3.5M to capital expenditures and $3.6M to share buybacks.

At a market cap of $4.10B and an enterprise value of $6.60B, HHH trades at a trailing P/E of 13.9x and an EV/EBITDA of 8.5x. Both multiples sit below the median of its US-listed Real Estate peers, which report a trailing P/E of 21.6x and EV/EBITDA of 14.7x. The company's price-to-sales ratio of 1.7x also trails the peer median of 3.7x. Over the past year, HHH delivered a return of -13.8%, underperforming the S&P 500 benchmark return of 16.8%.

Among three tracked analyst ratings, HHH has 1 Strong Buy, 1 Buy, and 1 Hold, with no Sell or Strong Sell recommendations. The mean price target of $84.00 represents a 22.3% upside compared to the last close of $68.69. For the current fiscal year ending December 31, 2026, consensus estimates project EPS of $4.47 and revenue of $2.55B. The company beat EPS estimates in 3 of the last 4 quarters, and its next earnings date is November 5, 2026.

This page is an AI-written research summary of Howard Hughes Holdings Inc. (HHH). The text was generated on October 30, 2026 from Quotelinks data as of October 16, 2026 (company profile, annual results, latest balance sheet, valuation, price performance and analyst estimates). An automatic check rejects any draft that contains a figure not found in that data. It is not investment advice; verify figures on the linked tabs before making decisions.

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