Howard Hughes Holdings Inc. Stock Price, News & Analysis

Howard Hughes (NYSE: HHH) agreed to acquire 100% of Vantage Group Holdings for $2.1 billion in cash, roughly 1.5x year-end 2025 book value. The transaction is expected to close in Q2 2026, subject to customary regulatory approvals.

Vantage will retain its name, brand, management team and go-to-market strategy; HHH ownership will provide permanent capital aimed at strengthening Vantage's credit profile and underwriting flexibility. Pershing Square will manage Vantage's assets on a fee-free basis. A conference call and X Spaces session with HHH leadership is scheduled for Dec 18, 2025 at 8:30 a.m. ET.

Pershing Square Holdings (LN:PSH) agreed to subscribe for up to $1.0 billion of non-voting exchangeable perpetual preferred stock issued by Howard Hughes Holdings (NYSE:HHH) to help finance HHH's proposed acquisition of Vantage Group for approximately $2.1 billion in cash.

The PSH Preferred will be issued in 14 tranches with prescribed repurchase windows over seven years, repurchase pricing equal to the greater of 1.5x Vantage book value or issue price plus 4% per annum, and exchangeability into Vantage common stock if not repurchased.

Howard Hughes Holdings (NYSE: HHH) agreed to acquire 100% of Vantage Group Holdings for approximately $2.1 billion, expected to close in Q2 2026 subject to regulatory approvals. The deal price reflects ~1.5x estimated year-end 2025 book value and an implied ~1.4x price-to-book at closing.

Financing includes ~$1.2 billion cash on HHH's balance sheet and up to $1.0 billion of non-interest-bearing, non-voting preferred stock issued to Pershing Square Holdings (PSH). Pershing Square will manage Vantage's assets on a fee-free basis. HHH has staged repurchase rights over seven years to increase economic ownership to 100%.

Howard Hughes Communities (NYSE: HHH) celebrated the grand opening of Teravalis on November 14, 2025, a 37,000-acre master planned community in Buckeye, Arizona.

Teravalis spans more than 50 square miles; the first village, Floreo, covers ~3,000 acres (~10% of the project). At full buildout Teravalis is planned for 100,000 homes, 300,000 residents, 55 million sq ft of commercial development and more than 7,000 acres of preserved open space. Seven national homebuilders are offering homes starting in the low $300,000 range.

Howard Hughes Holdings (NYSE: HHH) reported record third-quarter 2025 results driven by strong land sales and condominium pre-sales.

Key points: Net income from continuing operations of $119.4M or $2.02 per diluted share; Adjusted Operating Cash Flow of $199M ($3.37 per diluted share) with full‑year AOCF guidance raised to a $440M midpoint; MPC EBT a record $205M (up 42% YoY) and guidance raised to a $450M midpoint; $1.4B of contracted future condo revenue from pre-sales; $1.5B cash balance and $1.3B undrawn lender commitments; Total Operating Assets NOI up 5% YoY to $67.9M.

Howard Hughes Holdings (NYSE: HHH) will release its 2025 third quarter earnings on Monday, November 10, 2025 at 7:00 a.m. ET, followed by a conference call at 10:00 a.m. ET the same day.

The earnings release will be posted to the Investors section of the company website before the call. Investors can listen via a live webcast or participate in the Q&A by telephone after pre-registering on HHH’s earnings call registration webpage; registrants will receive dial-in details and a PIN. An on-demand replay will be available on the company website immediately after the call for one year.

Howard Hughes Holdings (NYSE: HHH) has announced the appointment of two new independent Directors to its Board: Thom Lachman and Susan Panuccio. Lachman, currently Chairman and CEO of Duracell, brings extensive operational experience from his 33-year tenure at Procter & Gamble and leadership of global consumer brands. Panuccio, former CFO of News Corp, contributes significant expertise in financial strategy and digital transformation.

The appointments mark a strategic move as Howard Hughes Holdings aims to evolve into a diversified holding company. The new directors succeed Beth Kaplan and Steve Shepsman, who did not seek re-election at the Annual Meeting. Both appointments have been welcomed by CEO David R. O'Reilly and Executive Chairman Bill Ackman as strengthening the board's expertise for future growth initiatives.

Seaport Entertainment Group (NYSE: SEG) has announced significant leadership changes, with Matt Partridge appointed as President and CEO, succeeding Anton Nikodemus. The transition includes Nikodemus staying on as Special Advisor until November 3, 2025, while Lenah Elaiwat becomes Interim CFO and Treasurer, and Michael Crawford assumes the role of Chairman of the Board.

Partridge, who previously served as CFO, played a key role in SEG's spinoff from Howard Hughes Holdings Inc. (NYSE: HHH) and its transformation into a hospitality and entertainment-focused company. The leadership change comes as SEG focuses on maximizing its portfolio potential, particularly in turning around its Seaport properties and operations.

Howard Hughes Communities (NYSE:HHH) has achieved record-breaking sales of $1.2 billion at the launch of two new luxury residential towers at Ward Village® in Honolulu. The towers, 'Ilima and Melia Ward Village, designed by Robert A.M. Stern Architects, have reported exceptional pre-sale rates of 41% and 52% respectively.

'Ilima, developed in partnership with Discovery Land Company, represents their exclusive residential offering on O'ahu, with penthouse sales exceeding $280 million, including a single residence selling for over $40 million. The 33-story 'Ilima features 148 residences, while the 35-story Melia comprises 221 units, both connected by a native botanical garden pathway.

The development includes the recent opening of Victoria Ward Park Makai and new HCDA Mauka Area Rules allowing for 2.5 to 3.5 million gross square feet of future redevelopment potential.