Welcome to our dedicated page for Howard Hughes Holdings news (Ticker: HHH), a resource for investors and traders seeking the latest updates and insights on Howard Hughes Holdings stock.
Howard Hughes Holdings Inc. reports developments tied to a U.S. mixed-use real estate platform operated through Howard Hughes Communities. The company owns, manages, and develops commercial, residential, and mixed-use real estate, including master planned communities such as The Woodlands, Bridgeland, The Woodlands Hills, Summerlin, Teravalis, Ward Village, and Merriweather District.
HHH news commonly covers operating and financial results across its Operating Assets, MPCs, and Strategic Developments segments; land sales to homebuilders and developers; development activity within long-term community projects; and capital-structure actions involving its subsidiary, The Howard Hughes Corporation. Updates also include shareholder voting matters, annual-meeting governance, and debt financing activity such as senior note offerings and redemption notices.
Howard Hughes Holdings (NYSE: HHH) has announced an extension of its standstill agreement with Pershing Square Capital Management. The agreement will now remain effective until April 7, 2025.
The company has stated that there is no guarantee that discussions with Pershing Square will lead to any specific outcome. HHH will refrain from further comments until additional disclosure is deemed necessary or legally required.
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.
Pershing Square Holdco has announced an extension of its standstill agreement with Howard Hughes Holdings Inc. (NYSE: HHH). The extension moves the deadline from March 13, 2025, 5:00 p.m. ET to April 7, 2025, 5:00 p.m. ET.
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 emphasizes that there is no guarantee of any particular outcome from these discussions.
Pershing Square has stated they will not provide additional comments until they determine further disclosure is appropriate or legally required. The announcement references their Schedule 13D filing relating to HHH, filed on March 11, 2025, which contains additional information about the matter.
Seaport Entertainment Group (NYSE: SEG) reported its Q4 and full-year 2024 results, marking its first period as a standalone public company following separation from Howard Hughes Holdings in July 2024. The company posted a Q4 net loss of $41.6 million ($3.63 per share) and a full-year net loss of $153.2 million ($16.82 per share).
Key developments include leasing 74,497 square feet to Meow Wolf and 13,605 square feet to GITANO NYC at Pier 17, extending Live Nation programming agreement for five years, and completing a rights offering that generated $166.8 million through issuing 7 million shares at $25.00 each.
As of December 31, 2024, SEG maintained $167.8 million in cash and equivalents with $102.4 million in consolidated debt at a 7.8% weighted-average interest rate. The company's debt structure is 40% fixed-rate and 60% floating-rate, with no significant maturities until Q3 2029.
Howard Hughes Holdings (NYSE: HHH) announced that its Special Committee has rejected Pershing Square Capital Management's February 13, 2025 Revised Proposal, deeming it unacceptable in its current form. The company has entered into a standstill agreement with Pershing Square until March 13, 2025, to explore potential alternatives.
The Board and Special Committee maintain their commitment to acting in the best interests of HHH and its stockholders. Morgan Stanley & Co. serves as financial advisor, while Hogan Lovells US LLP and Richards, Layton & Finger, P.A. act as legal counsel to the Special Committee.
Howard Hughes Holdings (NYSE: HHH) reported exceptional fourth quarter and full year 2024 results, achieving record performance across all segments. Net income from continuing operations reached $5.73 per diluted share, up 241% year-over-year.
Key highlights include:
- Record Master Planned Community (MPC) Earnings Before Taxes of $349 million
- Record Operating Assets Net Operating Income of $257 million, up 6% from 2023
- Record condominium revenues of $779 million with Victoria Place delivery
- Secured $862 million in financings
- Completed Seaport Entertainment Group spinoff
The company maintained strong liquidity with $596.1 million in cash and $1.2 billion in undrawn lender commitments. Notable Q4 achievements include Victoria Place's successful delivery, generating $212 million in gross profit, and MPC EBT of $57 million driven by residential land sales averaging $909,000 per acre. The company's outlook for 2025 remains positive, with anticipated growth in both MPC and Operating Assets segments.
Howard Hughes Holdings (NYSE: HHH) has confirmed receiving a revised unsolicited acquisition proposal from Pershing Square Capital Management. The proposal, submitted after a meeting on February 13, 2025, replaces an initial proposal made on January 13, 2025. The company's Special Committee of independent directors, formed on August 8, 2024, has not engaged in negotiations or made any determinations regarding the proposals.
The revised proposal was made public on February 18, 2025, at the Special Committee's request. The proposal is subject to various conditions, including negotiation of a definitive agreement and approval by both the Special Committee and HHH Board of Directors. No shareholder vote is contemplated in the proposal, and no stockholder action is required at this time.
Howard Hughes announced the opening of Victoria Ward Park Makai in Ward Village®, a 60-acre master planned community in Honolulu. This development coincides with new HCDA Mauka Area Rules effective January 2025, enabling an estimated 2.5 - 3.5 million gross square feet of future redevelopment potential.
The park is the community's first SITES-certified park and represents the initial phase of a two-part development plan for public green space. The updated guidelines focus on transit-oriented development incentive zones, promoting a mix of homes, public spaces, restaurants, and retail experiences.
Ward Village, a LEED Neighborhood Development Platinum Certified community, continues to achieve milestones in urban design, including recent LEED Gold certification for Kō'ula residences. The development aims to create a sustainable, connected community while delivering housing and public amenities to Honolulu's urban core.
Howard Hughes Holdings (NYSE: HHH) has announced its schedule for the release of its 2024 fourth quarter earnings. The company will release its financial results on Wednesday, February 26, 2025, after market close, followed by a conference call on Thursday, February 27, 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 interested in participating in the Q&A session can pre-register through HHH's earnings call registration webpage to receive dial-in information and a PIN. An on-demand replay will be available on the company's website for one year following the call.
Howard Hughes Holdings (NYSE: HHH) has confirmed receiving an unsolicited acquisition proposal from Pershing Square Capital Management. The proposal involves Pershing Square acquiring additional shares through a merger transaction that would result in them owning a majority stake in HHH. Currently, Pershing Square owns approximately 37.6% of HHH's common stock.
A Special Committee of independent directors, formed on August 8, 2024, will evaluate the proposal. The transaction is contingent on several conditions, including negotiation of a definitive agreement, Special Committee approval, and approval from majority shareholders not affiliated with Pershing Square.
Morgan Stanley & Co. is serving as financial advisor to the Special Committee, with Hogan Lovells US LLP and Richards, Layton & Finger, P.A. as legal counsel. No stockholder action is required at this time.
Howard Hughes Holdings' (NYSE: HHH) master planned communities Summerlin and Bridgeland have secured top spots among the nation's best-selling communities for 2024, according to RCLCO's year-end report. Summerlin ranked #5 with 1,055 home sales, while Bridgeland placed #7 with 938 home sales.
Summerlin, located in Las Vegas, maintains its position as one of Nevada's premier communities, featuring over 300 parks, 200+ miles of trails, and extensive amenities. The community, now in its 35th year, has appeared on RCLCO's top 25 list for over 28 years, longer than any other master planned community.
Bridgeland, named 2024 Master Planned Community of the Year by the National Association of Home Builders, achieved significant commercial milestones, including the groundbreaking of Bridgeland Central, a 925-acre urban district. The community welcomed H-E-B in October 2024 and began construction on One Bridgeland Green, Greater Houston's first mass timber office building, which is 80% pre-leased.