The Howard Hughes Corporation owns, manages and develops commercial, residential and mixed-use real estate throughout the U.S. Its award-winning assets include the country's preeminent portfolio of master planned cities and communities, as well as operating properties and development opportunities including: the Seaport District in New York; Columbia, Maryland; The Woodlands®, The Woodlands Hills®, and Bridgeland® in the Greater Houston, Texas area; Summerlin®, Las Vegas; and Ward Village® in Honolulu, Hawai?i. The Howard Hughes Corporation's portfolio is strategically positioned to meet and accelerate development based on market demand, resulting in one of the strongest real estate platforms in the country. Dedicated to innovative placemaking, the company is recognized for its ongoing commitment to design excellence and to the cultural life of its communities.

Company profile
Ticker
HHC
Exchange
Website
CEO
Paul Layne
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
Former names
Spinco, Inc.
SEC CIK
Corporate docs
Subsidiaries
10 CCC, LLC • 10/20/30 CCC Parking Deck, LLC • 20 CCC, LLC • 30 CCC, LLC • 40 CCC, LLC • 40 CCC Parking Deck, LLC • 50 CCC, LLC • 50/60/70 CCC Parking Deck, LLC • 60 CCC, LLC • 3 Waterway Holdings, LLC ...
IRS number
364673192
HHC stock data
Analyst ratings and price targets
Latest filings (excl ownership)
8-K
Submission of Matters to a Vote of Security Holders
26 May 23
8-K/A
Departure of Directors or Certain Officers
26 May 23
10-Q
2023 Q1
Quarterly report
8 May 23
8-K
The Howard Hughes Corporation® Reports First Quarter 2023 Results
8 May 23
ARS
2022 FY
Annual report to shareholders
3 May 23
DEFA14A
Additional proxy soliciting materials
10 Apr 23
DEF 14A
Definitive proxy
10 Apr 23
8-K
Departure of Directors or Certain Officers
4 Apr 23
10-K
2022 FY
Annual report
27 Feb 23
8-K
The Howard Hughes Corporation® Reports Fourth Quarter and Full-year 2022 Results
27 Feb 23
Transcripts
HHC
Earnings call transcript
2023 Q1
9 May 23
HHC
Earnings call transcript
2022 Q4
28 Feb 23
HHC
Earnings call transcript
2022 Q3
21 Nov 22
HHC
Earnings call transcript
2022 Q2
6 Aug 22
HHC
Earnings call transcript
2022 Q1
10 May 22
HHC
Earnings call transcript
2021 Q4
1 Mar 22
HHC
Earnings call transcript
2021 Q3
5 Nov 21
HHC
Earnings call transcript
2021 Q2
6 Aug 21
HHC
Earnings call transcript
2021 Q1
11 May 21
HHC
Earnings call transcript
2020 Q4
27 Feb 21
Latest ownership filings
4
WILLIAM A ACKMAN
2 Jun 23
3
David Eun
2 Jun 23
4
WILLIAM A ACKMAN
30 May 23
SC 13D/A
Pershing Square Capital Management, L.P.
25 May 23
4
WILLIAM A ACKMAN
24 May 23
4
WILLIAM A ACKMAN
19 May 23
4
WILLIAM A ACKMAN
16 May 23
4
David Michael Striph
15 May 23
4
WILLIAM A ACKMAN
11 May 23
4
WILLIAM A ACKMAN
4 May 23
Financial summary
Quarter (USD) | Mar 23 | Dec 22 | Sep 22 | Jun 22 | |
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Diluted EPS |
Annual (USD) | Dec 22 | Dec 21 | Dec 20 | Dec 19 | |
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Revenue | |||||
Cost of revenue | |||||
Operating income | |||||
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Net income | |||||
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Diluted EPS |
Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
---|---|---|---|---|---|---|
Cash on hand (at last report) | 889.17 mm | 889.17 mm | 889.17 mm | 889.17 mm | 889.17 mm | 889.17 mm |
Cash burn (monthly) | 69.92 mm | 13.70 mm | 7.97 mm | (no burn) | 48.09 mm | (no burn) |
Cash used (since last report) | 152.35 mm | 29.84 mm | 17.36 mm | n/a | 104.78 mm | n/a |
Cash remaining | 736.83 mm | 859.33 mm | 871.81 mm | n/a | 784.39 mm | n/a |
Runway (months of cash) | 10.5 | 62.7 | 109.4 | n/a | 16.3 | n/a |
Institutional ownership, Q1 2023
93.7% owned by funds/institutions
13F holders | Current |
---|---|
Total holders | 240 |
Opened positions | 33 |
Closed positions | 27 |
Increased positions | 81 |
Reduced positions | 77 |
13F shares | Current |
---|---|
Total value | 3.69 tn |
Total shares | 46.86 mm |
Total puts | 43.20 k |
Total calls | 26.10 k |
Total put/call ratio | 1.7 |
Largest owners | Shares | Value |
---|---|---|
Pershing Square Capital Management | 15.98 mm | $1.28 tn |
Vanguard | 5.11 mm | $409.04 bn |
Baillie Gifford & Co | 2.63 mm | $210.79 bn |
Barrow Hanley Mewhinney & Strauss | 2.25 mm | $179.92 bn |
PFG Principal Financial Group Inc - Registered Shares | 2.16 mm | $173.02 bn |
Harris Associates L P | 2.10 mm | $168.34 bn |
Dimensional Fund Advisors | 1.91 mm | $152.58 bn |
BLK Blackrock | 1.68 mm | $134.51 bn |
New South Capital Management | 688.17 k | $55.05 bn |
Donald Smith & Co. | 625.90 k | $50.07 bn |
Recent insider trades
Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
---|---|---|---|---|---|---|---|---|---|---|
1 Jun 23 | Pershing Square Capital Management | Common stock, par value $0.01 per share | Buy | Acquire P | Yes | Yes | 74.71 | 15,609 | 1.17 mm | 16,489,284 |
31 May 23 | Pershing Square Capital Management | Common stock, par value $0.01 per share | Buy | Acquire P | Yes | Yes | 74.23 | 36,901 | 2.74 mm | 16,473,675 |
30 May 23 | Pershing Square Capital Management | Common stock, par value $0.01 per share | Buy | Acquire P | Yes | Yes | 74.71 | 22,175 | 1.66 mm | 16,436,774 |
26 May 23 | Pershing Square Capital Management | Common stock, par value $0.01 per share | Buy | Acquire P | Yes | Yes | 74.31 | 30,557 | 2.27 mm | 16,414,599 |
25 May 23 | Pershing Square Capital Management | Common stock, par value $0.01 per share | Buy | Acquire P | Yes | Yes | 74.01 | 39,588 | 2.93 mm | 16,384,042 |
24 May 23 | Pershing Square Capital Management | Common stock, par value $0.01 per share | Buy | Acquire P | Yes | Yes | 73.59 | 43,294 | 3.19 mm | 16,344,454 |
23 May 23 | Pershing Square Capital Management | Common stock, par value $0.01 per share | Buy | Acquire P | Yes | Yes | 74.47 | 47,200 | 3.51 mm | 16,301,160 |
22 May 23 | Pershing Square Capital Management | Common stock, par value $0.01 per share | Buy | Acquire P | Yes | Yes | 74.89 | 8,169 | 611.78 k | 16,253,960 |
19 May 23 | Pershing Square Capital Management | Common stock, par value $0.01 per share | Buy | Acquire P | Yes | Yes | 74.51 | 35,483 | 2.64 mm | 16,245,791 |
18 May 23 | Pershing Square Capital Management | Common stock, par value $0.01 per share | Buy | Acquire P | Yes | Yes | 74.76 | 17,955 | 1.34 mm | 16,210,308 |
News
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5 Jun 23
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31 May 23
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22 May 23
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17 May 23
Press releases
THE HOWARD HUGHES CORPORATION® TO PRESENT AT NAREIT REITWEEK 2023 INVESTOR CONFERENCE
2 Jun 23
THE HOWARD HUGHES CORPORATION® REPORTS FIRST QUARTER 2023 RESULTS
8 May 23
THE HOWARD HUGHES CORPORATION® ANNOUNCES DATES AND TIMES FOR 2023 FIRST QUARTER EARNINGS RELEASE AND CONFERENCE CALL
10 Apr 23
Vitrian and The Howard Hughes Corporation Form Joint Venture to Develop Life Science Projects in The Woodlands, Texas
8 Mar 23