Added to YB: 2026-07-02
Pitch date: 2026-04-28
HHH [bullish]
Howard Hughes Holdings Inc.
+14.04%
current return
Author Info
No bio for this author
Company Info
Howard Hughes Holdings Inc., together with its subsidiaries, develops master planned communities (MPCs) in the United States.
Market Cap
$4.2B
Pitch Price
$63.60
Price Target
90.00 (+24%)
Dividend
N/A
EV/EBITDA
15.78
P/E
34.28
EV/Sales
5.46
Sector
Real Estate Management and Development
Category
value
Howard Hughes Holdings Inc. - $HHH
HHH: At ~$63 (0.6x NAV ~$110, <1x P/B, ~8x FCF), asymmetric setup. Unfairly sold off w/ homebuilders despite resilient MPCs. Vantage P&C acquisition (closes summer) adds ~12.5% compounding book value, boosting NAV to ~$170. Ackman highly incentivized via PS IPO fees. Near-term ~$90 (40%), 20%+ IRR. Catalysts: deal close, rate cuts.
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