Howard Hughes Holdings Inc. Company Summary

Overview:
Howard Hughes Holdings Inc. is a diversified real estate and master planned community developer based in The Woodlands, Texas. The company focuses on large-scale real estate development, asset management, and strategic real estate initiatives across the United States.

Business Segments:

• Operating Assets:

  • Manages income-producing real estate properties, including office, retail, and other commercial assets.
  • In 2024, generated total revenues of approximately $444.3 million and a segment-wide pre-tax loss of $28.5 million (due to depreciation, interest, and other expenses).

• Master Planned Communities (MPC):

  • Develops and manages large, mixed-use master planned communities.
  • In 2024, reported total revenues of $522.9 million and earnings before taxes of $349.1 million.

• Strategic Developments:

  • Focuses on large-scale development projects and strategic property initiatives.
  • In 2024, contributed revenues of $783.4 million with pre-tax income of $282.8 million.

Financial Highlights (2024):

• Total Revenue: approximately $1.75 billion
• Net Operating Income (NOI): approximately $257 million from real estate operations, reflecting the performance of owned assets.
• Total Income (pre-tax): $365.4 million (before corporate expenses and other overhead).

Assets & Market Data:

• As of April 23, 2025, the company has 50,393,938 shares of common stock outstanding.
• As of June 30, 2024, the company’s market value was approximately $2.0 billion based on stock price.

Employees & Customers:

• The company employs numerous professionals across various regions and development projects (specific employee count not provided).
• Exact number of customers or tenants is not given, but the company manages a portfolio of residential, commercial, and mixed-use properties, including significant community developments and rental properties.

Ownership & Stockholders:

• Major shareholders include Pershing Square with approximately 37.4% ownership and Vanguard with about 9.1%.
• The company’s directors and executive officers beneficially own a total of 719,870 shares (~1.4%).

Key Leadership & Governance:

• The Board of Directors is elected annually with key members experienced in real estate, finance, and corporate governance.
• The company maintains committees focused on audit, compensation, governance, risk, and technology.

Operational Focus:

• Develops large mixed-use communities such as Ward Village in Honolulu, and master planned communities in Phoenix, Hawaii, and other regions.
• Manages significant real estate investments and assets, with ongoing development and redevelopments across multiple regions.

Note: Data provided is specific to 2024 financial year results, ownership, and company activities as of April 2025.