Highest-materiality recent filing
Acquired Vantage Group Holdings for approximately $2.1B in cash; Vantage is a specialty insurer backed by Carlyle and Hellman & Friedman.
HHH Q1 2026: MPC EBT up 33% to $84.4M; Vantage acquisition on track for Q2
Net income to common stockholders fell to $8.2M from $10.5M YoY.
HHH appoints ex-Arch Capital CEO Marc Grandisson to board; buys $10M warrants
Marc Grandisson appointed to HHH board effective May 7, 2026, replacing Ben Hakim, who resigned with no disagreement.
Howard Hughes Holdings moves 2026 annual meeting to September 17 for Vantage acquisition update
Annual meeting rescheduled from June 4 to September 17, 2026; record date moves to July 22, 2026.
HHH Q4 net income $5.7M ($0.10/diluted); FY net income $123.8M; guides FY2026 AOCF $415-465M
Net income from continuing ops Q4 $5.7M ($0.10/diluted) vs $162.3M ($3.25) in Q4 2024; FY $123.8M ($2.21) vs $285.2M ($5.73).
HHH subsidiary closes $1B senior notes offering; redeems $750M 2028 notes
Issued $500M of 5.875% senior notes due 2032 and $500M of 6.125% senior notes due 2034 through subsidiary HHC.
Howard Hughes subsidiary plans $1B senior notes offering to redeem $750M notes due 2028
HHC offers $1B in senior notes due 2032 and 2034 via private placement to redeem existing 2028 notes.
HHC priced $500M of 5.875% senior notes due 2032 and $500M of 6.125% senior notes due 2034, both at par.
HHH acquires Vantage for $2.1B; Pershing Square provides $1B preferred
Purchase price ~$2.1B in cash; 100% of Vantage, a specialty insurer backed by Carlyle and Hellman & Friedman.
HHH Q3 net income $2.02/sh, record MPC EBT, raises full-year guidance
Net income per diluted share $2.02 vs $1.95 YoY; Adjusted Operating Cash Flow $199M ($3.37/diluted share).
Howard Hughes Q2 net loss $0.22/sh; Pershing Square invests $900M; raises 2025 guidance
Net loss from continuing ops $0.22/sh vs income $0.95 prior year; includes $0.66/sh GAAP loss on MUD sale.
HHH reports Q1 net income $0.21/share; Pershing Square invests $900M at $100/share (48% premium)
Net income from continuing ops $10.8M ($0.21 diluted), vs loss of $21.0M ($0.42) YoY.
Pershing Square invests $900M in Howard Hughes at $100/share, acquires 46.9% stake
Pershing Square buys 9M newly issued shares at $100/share (48% premium to May 2 close) for $900M.
Howard Hughes extends Pershing Square standstill to April 30, 2025
Standstill agreement with Pershing Square extended to April 30, 2025, from prior expiration.
Howard Hughes extends standstill with Pershing Square to April 7, 2025
Standstill agreement extended from prior expiration to April 7, 2025.
Special Committee responded to Pershing Square's Feb 13 Revised Proposal, calling it not acceptable in current form.
HHH reports record FY2024: EPS $5.73, MPC EBT $349M; 2025 AOCF guidance ~$350M
FY2024 net income from continuing ops $285.2M ($5.73/diluted), up 241% YoY; Q4 $162.3M ($3.25/diluted), up 207%.
Howard Hughes receives revised acquisition proposal from Pershing Square
Revised proposal received Feb. 13, 2025; replaces Jan. 13 initial proposal.
Pershing Square proposes to acquire majority of Howard Hughes at $85/share cash option
Pershing Square offers $85/share cash (38.3% premium to Aug 5 close; 18.4% to Jan 10 close) for up to $1.5B in total consideration.
HHH Q3 net income $1.95/sh, record MPC EBT $144.8M; raises full-year guidance across segments
Net income from continuing ops $96.5M ($1.95 diluted EPS) vs $0.64 prior year; record MPC EBT $144.8M, up 71% YoY.
Howard Hughes Holdings forms special committee after Pershing Square signals possible take-private
Pershing Square, owner of ~37.5% of HHH, stated in Aug 7 13D amendment it may propose a take-private transaction.
HHH completes spin-off of Seaport Entertainment; distribution ratio 1:9
Each HHH shareholder received 1 share of Seaport Entertainment (SEG) for every 9 HHH shares held.
HHH posts Q2 net income $0.42/share; record land price $1M/acre; raises guidance
Net income $21.1M ($0.42 diluted EPS) vs net loss $19.1M ($0.39 loss) in Q2 2023.
HHH board approves spin-off of Seaport Entertainment; distribution ratio 1:9
Record date July 29, 2024; distribution expected after market close on July 31, 2024.
Howard Hughes Q1 net loss $1.06 diluted; MPC EBT $24.3M; guidance reaffirmed
Net loss of $52.5M ($1.06 diluted) vs $22.7M loss ($0.46) a year ago, driven by lower land sales and spinoff G&A.
HHH Chairman Bill Ackman to retire; Scot Sellers named new Chairman; Ben Hakim nominated
Bill Ackman will not stand for re-election at 2024 annual meeting; no disagreement with company.
Howard Hughes reports FY2023 net loss $551.8M on Seaport impairment; record MPC EBT $341M
FY2023 net loss of $551.8M ($11.13 diluted EPS) includes $548.5M after-tax Seaport impairment; vs net income $184.5M in 2022.
HHH reports Q3 net loss $544M on $555M Seaport impairment; raises guidance
Net loss of $544.2M ($10.97/share) includes $555M after-tax Seaport impairment; prior year net income was $108.1M.
HHH appoints Anton Nikodemus CEO of Seaport Entertainment; plans spinoff by end of 2024
Appointed Anton Nikodemus as CEO of Seaport Entertainment, effective Oct 5, 2023.
The Company and Mr. Cross have now agreed that Mr. Cross will retire from and cease to be an executive officer of the Company effective June 30, 2025.
Effective May 5, 2025, Adam Flatto, Allen Model and Dana Hamilton resigned from the Board.
R. Scot Sellers has been appointed Presiding Director.
the Board appointed William A. Ackman, Ryan Israel and Jean-Baptiste Wautier to the Board, effective May 5, 2025.
the Board appointed William A. Ackman, Ryan Israel and Jean-Baptiste Wautier to the Board, effective May 5, 2025.
Effective May 5, 2025, Adam Flatto, Allen Model and Dana Hamilton resigned from the Board.
Effective May 5, 2025, Adam Flatto, Allen Model and Dana Hamilton resigned from the Board.
Mr. Ackman has been appointed as the Executive Chairman of the Board
the Board appointed William A. Ackman, Ryan Israel and Jean-Baptiste Wautier to the Board, effective May 5, 2025.
On April 2, 2025, the Company and its President, L. Jay Cross, mutually agreed not to renew Mr. Cross’ employment agreement upon the expiration of its current term on December 1, 2025, which shall be treated as a non-renewal by the Company under his employment agreement.
On June 17, 2024, Howard Hughes Holdings Inc., a Delaware corporation (the “Company”), appointed Dana Hamilton to serve on the Company’s board of directors (the “Board”)
the Board has nominated Ben Hakim, Partner at Pershing Square Capital Management, L.P., to fill the vacancy left by Mr. Ackman.
Max materiality 0.95 · Median 0.68 · Most common event earnings