the howard hughes corporation owns, manages and develops commercial, residential and mixed-use real estate throughout the country. our company is comprised of master planned communities, operating properties, development opportunities and other unique assets spanning from new york to hawaii. we have approximately 1,000 employees, over half of whom are dedicated to the growth and service of our master planned communities. the company's operating properties are primarily retail and include south street seaport (manhattan, ny), various properties in columbia town center (columbia, md), landmark mall (alexandria, va), the outlet collection at riverwalk (new orleans, la), cottonwood square (holladay, ut), park west (peoria, az) and ward centers (honolulu, hi). currently, several of the operating properties present significant opportunities for redevelopment. the company also has an exciting and diverse pipeline of strategic opportunities for near, mid and long-term development. these range
Company profile
Ticker
HHH, HHH
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
HHH stock data
Latest filings (excl ownership)
10-K
2023 FY
Annual report
27 Feb 24
15-12G
Securities registration termination
11 Jan 24
10-Q
2023 Q3
Quarterly report
6 Nov 23
15-12G
Securities registration termination
25 Aug 23
S-8 POS
Registration of securities for employees (post-effective amendment)
25 Aug 23
S-8 POS
Registration of securities for employees (post-effective amendment)
25 Aug 23
S-8 POS
Registration of securities for employees (post-effective amendment)
25 Aug 23
S-8 POS
Registration of securities for employees (post-effective amendment)
25 Aug 23
S-8 POS
Registration of securities for employees (post-effective amendment)
25 Aug 23
POSASR
Automatic shelf registration (post-effective amendment)
25 Aug 23
Transcripts
HHH
Earnings call transcript
2023 Q2
9 Aug 23
HHH
Earnings call transcript
2023 Q2
9 Aug 23
HHH
Earnings call transcript
2023 Q1
9 May 23
HHH
Earnings call transcript
2022 Q4
28 Feb 23
HHH
Earnings call transcript
2022 Q3
21 Nov 22
HHH
Earnings call transcript
2022 Q2
6 Aug 22
HHH
Earnings call transcript
2022 Q1
10 May 22
HHH
Earnings call transcript
2021 Q4
1 Mar 22
HHH
Earnings call transcript
2021 Q3
5 Nov 21
HHH
Earnings call transcript
2021 Q2
6 Aug 21
Financial summary
Quarter (USD) | Sep 23 | Jun 23 | Mar 23 | Dec 22 | |
---|---|---|---|---|---|
Revenue | |||||
Cost of revenue | |||||
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) | 935.80 mm | 935.80 mm | 935.80 mm | 935.80 mm | 935.80 mm | 935.80 mm |
Cash burn (monthly) | (no burn) | (no burn) | 229.56 mm | 50.91 mm | 36.46 mm | 20.83 mm |
Cash used (since last report) | n/a | n/a | 1.58 bn | 349.34 mm | 250.21 mm | 142.96 mm |
Cash remaining | n/a | n/a | -639.57 mm | 586.46 mm | 685.59 mm | 792.84 mm |
Runway (months of cash) | n/a | n/a | -2.8 | 11.5 | 18.8 | 38.1 |
Institutional ownership, Q2 2023
93.3% owned by funds/institutions
13F holders | Current |
---|---|
Total holders | 228 |
Opened positions | 24 |
Closed positions | 38 |
Increased positions | 59 |
Reduced positions | 101 |
13F shares | Current |
---|---|
Total value | 3.65 tn |
Total shares | 46.87 mm |
Total puts | 54.70 k |
Total calls | 16.10 k |
Total put/call ratio | 3.4 |
Largest owners | Shares | Value |
---|---|---|
Pershing Square Capital Management | 16.57 mm | $1.31 tn |
Vanguard | 4.87 mm | $384.25 bn |
Baillie Gifford & Co | 2.61 mm | $205.60 bn |
Barrow Hanley Mewhinney & Strauss | 2.22 mm | $175.04 bn |
PFG Principal Financial Group Inc - Registered Shares | 2.13 mm | $167.95 bn |
Harris Associates L P | 2.10 mm | $166.07 bn |
Dimensional Fund Advisors | 2.06 mm | $162.97 bn |
BLK Blackrock | 1.61 mm | $126.67 bn |
New South Capital Management | 648.70 k | $51.20 bn |
Donald Smith & Co. | 626.49 k | $49.44 bn |
Recent insider trades
Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
---|---|---|---|---|---|---|---|---|---|---|
18 Aug 23 | Pershing Square Capital Management | Common stock, par value $0.01 per share | Buy | Acquire P | Yes | Yes | 74.87 | 1,200 | 89.84 k | 16,586,591 |
17 Aug 23 | Pershing Square Capital Management | Common stock, par value $0.01 per share | Buy | Acquire P | Yes | Yes | 74.79 | 14,264 | 1.07 mm | 16,585,391 |
16 Aug 23 | Pershing Square Capital Management | Common stock, par value $0.01 per share | Buy | Acquire P | Yes | Yes | 74.96 | 899 | 67.39 k | 16,571,127 |
18 Jul 23 | Frank Stephan | Common stock, $0.01 par value per share | Payment of exercise | Dispose F | No | No | 83.92 | 735 | 61.68 k | 2,292 |
27 Jun 23 | Pershing Square Capital Management | Common stock, par value $0.01 per share | Buy | Acquire P | Yes | Yes | 74.93 | 500 | 37.47 k | 16,570,228 |
26 Jun 23 | Pershing Square Capital Management | Common stock, par value $0.01 per share | Buy | Acquire P | Yes | Yes | 74.9 | 666 | 49.88 k | 16,569,728 |
23 Jun 23 | Pershing Square Capital Management | Common stock, par value $0.01 per share | Buy | Acquire P | Yes | Yes | 74.92 | 17,280 | 1.29 mm | 16,569,062 |
22 Jun 23 | Pershing Square Capital Management | Common stock, par value $0.01 per share | Buy | Acquire P | Yes | Yes | 74.84 | 21,731 | 1.63 mm | 16,551,782 |
21 Jun 23 | Pershing Square Capital Management | Common stock, par value $0.01 per share | Buy | Acquire P | Yes | Yes | 74.74 | 17,627 | 1.32 mm | 16,530,051 |
20 Jun 23 | Pershing Square Capital Management | Common stock, par value $0.01 per share | Buy | Acquire P | Yes | Yes | 74.81 | 23,140 | 1.73 mm | 16,512,424 |