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
David Weinreb
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
Latest filings (excl ownership)
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
8-K
The Howard Hughes Corporation® Appoints Andrew Schwartz and Zach Winick Co-presidents of the New York Region
13 Feb 23
SC TO-T/A
Third party tender offer statement (amended)
30 Nov 22
SC TO-T/A
Third party tender offer statement (amended)
29 Nov 22
SC 14D9/A
Tender offer solicitation (amended)
15 Nov 22
SC TO-T/A
Third party tender offer statement (amended)
14 Nov 22
8-K
The Howard Hughes Corporation® Reports Third Quarter 2022 Results
2 Nov 22
10-Q
2022 Q3
Quarterly report
2 Nov 22
SC 14D9
Tender offer solicitation
26 Oct 22
Transcripts
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
HHC
Earnings call transcript
2020 Q3
7 Nov 20
Financial summary
| Quarter (USD) | Dec 22 | Sep 22 | Jun 22 | Mar 22 | |
|---|---|---|---|---|---|
| Revenue | |||||
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| Operating income | |||||
| Operating margin | |||||
| Net income | |||||
| Net profit margin | |||||
| Cash on hand | |||||
| Change in cash | |||||
| Diluted EPS |
| Annual (USD) | Dec 22 | Dec 21 | Dec 20 | Dec 19 | |
|---|---|---|---|---|---|
| Revenue | |||||
| Cost of revenue | |||||
| Operating income | |||||
| Operating margin | |||||
| Net income | |||||
| Net profit margin | |||||
| Cash on hand | |||||
| Change in cash | |||||
| 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) | 1.10 bn | 1.10 bn | 1.10 bn | 1.10 bn | 1.10 bn | 1.10 bn |
| Cash burn (monthly) | (no burn) | 9.81 mm | (no burn) | (no burn) | (no burn) | (no burn) |
| Cash used (since last report) | n/a | 27.06 mm | n/a | n/a | n/a | n/a |
| Cash remaining | n/a | 1.07 bn | n/a | n/a | n/a | n/a |
| Runway (months of cash) | n/a | 109.3 | n/a | n/a | n/a | n/a |
Institutional ownership, Q4 2022
94.8% owned by funds/institutions
| 13F holders | Current |
|---|---|
| Total holders | 233 |
| Opened positions | 43 |
| Closed positions | 46 |
| Increased positions | 72 |
| Reduced positions | 75 |
| 13F shares | Current |
|---|---|
| Total value | 3.54 tn |
| Total shares | 47.20 mm |
| Total puts | 45.40 k |
| Total calls | 25.60 k |
| Total put/call ratio | 1.8 |
| Largest owners | Shares | Value |
|---|---|---|
| Pershing Square Capital Management | 15.90 mm | $1.21 tn |
| Vanguard | 5.17 mm | $395.33 bn |
| Baillie Gifford & Co | 2.85 mm | $217.44 bn |
| PFG Principal Financial Group Inc - Registered Shares | 2.21 mm | $169.18 bn |
| Harris Associates L P | 2.13 mm | $162.74 bn |
| Dimensional Fund Advisors | 1.81 mm | $138.72 bn |
| Barrow Hanley Mewhinney & Strauss | 1.73 mm | $132.29 bn |
| BLK Blackrock | 1.72 mm | $131.62 bn |
| New South Capital Management | 714.52 k | $54.60 bn |
| Horizon Kinetics Asset Management | 634.19 k | $48.46 bn |
Recent insider trades
| Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
|---|---|---|---|---|---|---|---|---|---|---|
| 17 Mar 23 | Pershing Square Capital Management | Common stock, par value $0.01 per share | Buy | Acquire P | Yes | Yes | 74.97 | 2,751 | 206.24 k | 15,960,660 |
| 16 Mar 23 | Frank Stephan | Common stock, $0.01 par value per share | Grant | Acquire A | No | No | 0 | 3,027 | 0.00 | 3,027 |
| 16 Mar 23 | Pershing Square Capital Management | Common stock, par value $0.01 per share | Buy | Acquire P | Yes | Yes | 74.74 | 300 | 22.42 k | 15,957,909 |
| 15 Mar 23 | Pershing Square Capital Management | Common stock, par value $0.01 per share | Buy | Acquire P | Yes | Yes | 74.63 | 19,556 | 1.46 mm | 15,957,609 |
| 14 Mar 23 | Pershing Square Capital Management | Common stock, par value $0.01 per share | Buy | Acquire P | Yes | Yes | 74.9 | 15,029 | 1.13 mm | 15,938,053 |
| 13 Mar 23 | Pershing Square Capital Management | Common stock, par value $0.01 per share | Buy | Acquire P | Yes | Yes | 74.59 | 27,889 | 2.08 mm | 15,923,024 |
| 22 Feb 23 | Andrew Schwartz | Common stock, $0.01 par value per share | Payment of exercise | Dispose F | No | No | 85.72 | 267 | 22.89 k | 12,472 |
News
Looking Into Howard Hughes's Return On Capital Employed
2 Mar 23
Howard Hughes Q4 EPS $1.07 Beats $0.97 Estimate, Sales $482.00M Beat $442.90M Estimate
27 Feb 23
Earnings Scheduled For February 27, 2023
27 Feb 23
B. Riley Financial And These 2 Other Stocks Insiders Are Buying
3 Jan 23
Barron's Top Weekend Stock Picks: Tesla, Bed Bath & Beyond, Six Flags And Signs Bitcoin Whales Are Buying The Dip
31 Dec 22
Press releases
Vitrian and The Howard Hughes Corporation Form Joint Venture to Develop Life Science Projects in The Woodlands, Texas
8 Mar 23
THE HOWARD HUGHES CORPORATION® APPOINTS FRANK STEPHAN PRESIDENT OF THE NEVADA REGION TO OVERSEE ACCLAIMED SUMMERLIN® COMMUNITY
1 Mar 23
THE HOWARD HUGHES CORPORATION® REPORTS FOURTH QUARTER AND FULL-YEAR 2022 RESULTS
27 Feb 23
THE HOWARD HUGHES CORPORATION® APPOINTS ANDREW SCHWARTZ AND ZACH WINICK CO-PRESIDENTS OF THE NEW YORK REGION
1 Feb 23
THE HOWARD HUGHES CORPORATION® ANNOUNCES DATES AND TIMES FOR 2022 FOURTH QUARTER EARNINGS RELEASE AND CONFERENCE CALL
12 Jan 23