L. Jay Cross
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.
Highest-materiality recent filing
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.
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.
Max materiality 0.90 · Median 0.68 · Most common event earnings