Howard Hughes Holdings Inc. Stock Price, News & Analysis

Howard Hughes Holdings (NYSE: HHH) reported strong Q1 2025 results with net income of $0.21 per diluted share, compared to a loss of $(0.42) in the prior year. The company achieved record quarterly Operating Assets NOI of $72 million, up 9% year-over-year, driven by improved office and multifamily performance. MPC segment reported EBT of $63 million with residential land sales of 70 acres at an average price of $991,000 per acre. Key highlights include $51 million in new condo sales at Ward Village, bringing future revenue backlog to $2.7 billion. Post-quarter, Pershing Square invested $900 million in newly issued HHH stock at $100 per share (48% premium), increasing their ownership to 46.9%. The company maintains its 2025 guidance with mid-point adjusted operating cash flow of $350 million ($7.00 per share). The company's strong liquidity position includes $494 million in cash and $1 billion in undrawn commitments.

Howard Hughes Holdings (NYSE: HHH) has announced a live X Spaces session scheduled for Thursday, May 8 at 11:05 AM ET, following their Q1 earnings call at 10:00 AM ET. The session will feature Chairman Bill Ackman, CIO Ryan Israel, and CEO David O'Reilly discussing the company's transformation into a diversified holding company after receiving a $900 million investment from Pershing Square.

The Town Hall format event will be hosted on X (formerly Twitter) and will be open to the public, allowing participants to engage in dialogue with company leadership. The session will outline HHH's expanded business strategy, focusing on acquiring controlling stakes in high-quality, durable growth public and private operating companies.

Howard Hughes Holdings (NYSE: HHH) has announced a transformative $900 million investment from Pershing Square to acquire 9 million newly issued shares at $100.00 per share, representing a 48% premium to the previous closing price. This investment will increase Pershing Square's ownership to 46.9% of HHH, with voting power limited to 40%.

The deal transforms HHH into a diversified holding company while maintaining its core real estate development business. Bill Ackman becomes Executive Chairman, and Ryan Israel joins as Chief Investment Officer, while current CEO David O'Reilly and team remain in place. Pershing Square will provide investment, advisory, and risk management services for quarterly fees of $3.75 million plus 0.375% of market cap increases above the reference price.

Pershing Square has announced an extension of its standstill agreement with Howard Hughes Holdings (NYSE: HHH). The extension moves the deadline from April 30, 2025, to May 30, 2025, at 5:00 p.m. Eastern Time.

This extension aims to facilitate ongoing discussions regarding Pershing Square's proposal from February 18, 2025, and explore potential alternatives. The company emphasizes that there is no guarantee of any specific outcome from these discussions.

Pershing Square has stated they will not provide additional comments until they determine further disclosure is necessary or legally required. Interested parties can find more information about Pershing Square and related matters in their Schedule 13D filing for HHH, available on the SEC website.

Howard Hughes Holdings has announced an extension of its standstill agreement with Pershing Square Capital Management until May 30, 2025. This development represents a continuation of their previously established arrangement.

The company, trading under NYSE symbol HHH, has enlisted Morgan Stanley as financial advisor to its Special Committee of the Board of Directors. Legal counsel is being provided by Hogan Lovells US and Richards, Layton & Finger.

Howard Hughes maintains a cautious communication stance, stating they will not provide additional comments until deemed necessary or legally required. The company also emphasizes that there is no guarantee of any specific outcome from ongoing discussions with Pershing Square.

Pershing Square has announced an extension of its standstill agreement with Howard Hughes Holdings Inc. (NYSE: HHH). The extension moves the deadline from April 15, 2025, 5:00 p.m. (Eastern Time) to April 30, 2025, 5:00 p.m. (Eastern Time). This extension aims to facilitate ongoing discussions regarding a proposal previously announced by Pershing Square on February 18, 2025, and explore potential alternatives.

The company notes that there is no guarantee of any particular outcome from these discussions. Pershing Square has stated it will not provide further comments until additional disclosure is deemed appropriate or required by law.

Howard Hughes Holdings (NYSE: HHH) has announced an extension of its standstill agreement with Pershing Square Capital Management until April 30, 2025. The company has stated that no specific outcome is guaranteed from ongoing discussions with Pershing Square. Morgan Stanley & Co. is serving as financial advisor to the Special Committee of the Board of Directors, while Hogan Lovells US LLP and Richards, Layton & Finger, P.A. are acting as legal counsel.

Howard Hughes Holdings (NYSE: HHH) has scheduled its 2025 first quarter earnings release and conference call. The company will release Q1 2025 earnings on Wednesday, May 7, 2025, after market close, followed by a conference call on Thursday, May 8, 2025, at 10:00 AM Eastern Time.

The earnings release will be available in the Investors section of the company's website. Investors can access the live webcast through the Howard Hughes website, while those wanting to participate in the Q&A session can pre-register via HHH's earnings call registration webpage to receive dial-in information. An on-demand replay will be available on the company's website for one year following the call.

Howard Hughes Holdings (NYSE: HHH) announced the extension of its standstill agreement with Pershing Square Capital Management until April 15, 2025. The company has engaged Morgan Stanley & Co. as financial advisor to the Special Committee of the Board of Directors, while Hogan Lovells US LLP and Richards, Layton & Finger, P.A. are serving as legal counsel. HHH stated it will not provide additional comments until further disclosure is deemed appropriate or legally required.