NEW YORK, May 21, 2024 (GLOBE NEWSWIRE) -- Howard Hughes Holdings Inc. (NYSE:HHH) today announced a victorious decision by the New York State Court of Appeals for its planned 250 Water Street project in Lower Manhattan, clearing the way for the Seaport development to proceed. Today's court decision upheld the Appellate Court's ruling in favor of the project, and together with the State's extension of the recent 421-a tax exemption, has cleared all existing impediments to construction and unlocked tremendous ...

NEW YORK, May 21, 2024 (GLOBE NEWSWIRE) -- Howard Hughes Holdings Inc. (NYSE: HHH) today announced a victorious decision by the New York State Court of Appeals for its planned 250 Water Street project in Lower Manhattan, clearing the way for the Seaport development to proceed. Today’s court decision upheld the Appellate Court’s ruling in favor of the project, and together with the State’s extension of the recent 421-a tax exemption, has cleared all existing impediments to construction and unlocked tremendou ...

财务数据和关键指标变化 - 公司第一季度MPC EBT为2400万美元,主要来自Bridgeland的31英亩住宅用地销售和13百万美元的建筑商价格参与 [13][14] - 公司平均每英亩住宅用地价格为60万美元,较上年同期下降,主要是由于去年Woodlands和Summerlin的6宗高价定制地块销售 [15] - 公司第一季度总收入为1150万美元,较上年同期下降395,000美元,主要是由于餐厅业务受天气和客流量下降影响,部分被Fulton Market Building租赁收入增加所抵消 [23] - 公司第一季度Seaport业务净亏损1750万美元,主要是由于Tin Building亏损890万美元 [25] 各条业务线数据和关键指标变化 - 公司办公物业NOI同比增长10%至3100万美元,主要是由于Woodlands和Summerlin物业的租赁活动和租金优惠到期 [28] - 公司多户型住宅物业NOI同比增长9%至1400万美元,主要是由于Bridgeland的Starling和Downtown Columbia的Marlow项目租赁率上升以及4%的现有租金增长 [30] - 公司零售物业NOI与上年同期持平,达1500万美元,新租户带来的收入增加被Downtown Summerlin的一家全国性租户破产所抵消 [32] 各个市场数据和关键指标变化 - 公司在亚利桑那州Floreo合资项目首次完成52英亩住宅用地销售,每英亩平均价格为75.8万美元 [17] - 公司各主要MPC社区新房销量同比增长18%,达654套,创3年来最高季度销量 [18][19] - 公司预计未来将出现强劲的新房需求,因为现有房主的抵押贷款利率大多在5%以下,而新房买家可以获得7%左右的优惠利率 [19][20] 公司战略和发展方向及行业竞争 - 公司正在推进Seaport娱乐业务的分拆,预计将于今年夏季完成,分拆后将专注于发展世界级的主规划社区 [21][22][57] - 公司在夏威夷和德克萨斯州的新公寓项目预售情况出色,已预售250多套,未来收益将近5.6亿美元 [12] - 公司计划在Downtown Summerlin开发更多高端公寓项目,看好该市场的发展潜力 [65] - 公司将根据股价表现和发展机会,在股票回购和新项目开发之间进行权衡 [67][72] 管理层对经营环境和未来前景的评论 - 公司对2024年全年表现保持信心,预计MPC EBT、运营资产NOI和公寓销售毛利将保持强劲 [54][55] - 公司认为,在新房需求强劲、现有房源供给严重不足的背景下,预计未来住宅用地销售将保持旺盛 [19][20] - 公司对Seaport娱乐业务分拆后的发展前景保持乐观,认为可以进一步提升这些独特资产的表现 [56] 问答环节重要的提问和回答 问题1 **Anthony Paolone 提问** 询问公司是否有可能提高运营资产NOI指引,因为第一季度表现超出预期 [61] **David O'Reilly 回答** 公司第一季度表现确实超出预期,但不会立即提高全年指引,因为还存在一些不确定因素,需要进一步观察 [62][63] 问题2 **Alexander Goldfarb 提问** 询问公司是否会将更多资金用于股票回购,而不是新项目开发 [71][72] **David O'Reilly 回答** 公司会根据具体情况,在股票回购和新项目开发之间进行权衡,不会采取非此即彼的策略,而是根据项目的风险调整收益等因素来决定 [72][73][74] 问题3 **Alex Barron 提问** 询问公司在亚利桑那州Floreo项目的销售情况和未来预期 [86][87] **David O'Reilly 回答** Floreo项目的住宅用地销售具有一定的不确定性和波动性,公司预计未来一两次会有大规模的用地销售,但不会每个季度都有类似规模的销售 [87][88][89]

The HHH Opportunity 1Q 2024 Forward-Looking Statements Statements made in this presentation that are not historical facts, including statements accompanied by words such as “anticipate,” “believe,” “estimate,” “expect,” “forecast,” “intend,” “likely,” “may,” “plan,” “project,” “realize,” “should,” “transform,” “would,” and other statements of similar expression and other words of similar expression, are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, a ...

Howard Hughes Holdings (HHH) came out with a quarterly loss of $1.06 per share versus the Zacks Consensus Estimate of a loss of $0.70. This compares to loss of $0.46 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -51.43%. A quarter ago, it was expected that this land developer would post earnings of $0.44 per share when it actually produced earnings of $0.69, delivering a surprise of 56.82%.Over the last four quarters, the co ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ Quarterly report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the quarterly period ended March 31, 2024 or ☐ Transition report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Commission file number 001-41779 HOWARD HUGHES HOLDINGS INC. (Exact name of registrant as specified in its charter) Delaware 93-1869991 (State or other jurisdiction of incorporation or organization) ( ...

Exhibit 99.1 HOWARD HUGHES HOLDINGS INC. REPORTS FIRST QUARTER 2024 RESULTS Strong momentum continues into the first quarter, reaffirming expectations for a robust 2024 THE WOODLANDS, Texas, May 8, 2024 – Howard Hughes Holdings Inc. (NYSE: HHH) (the “Company,” “HHH,” or “we”) today announced operating results for the first quarter ended March 31, 2024. The financial statements, exhibits, and reconciliations of non-GAAP measures in the attached Appendix and the Supplemental Information at Exhibit 99.2 provid ...

投资者Bill Ackman - Bill Ackman是一位传奇的大赌注者，他对Howard Hughes Holdings的投资是其中之一[1] - Bill Ackman是亿万富翁对冲基金经理，他的投资组合自2019年以来增值了三倍[1] - Ackman不会为了分散风险而分散投资组合，当他喜欢一只股票时，他会全力以赴[1] - Ackman目前将超过15%的投资组合投资在一家公司上，他持有这支股票已经多年，认为它有很大的上涨空间[2] Howard Hughes Holdings - Howard Hughes Holdings是一家市值35亿美元的复杂公司，拥有一系列奇特的资产，包括纽约市的商业地产、美国西部和南部的规划社区以及拉斯维加斯一处著名物业上的建筑权[3] - 公司在上市时，股价低于账面价值，市场并没有正确理解公司资产的价值[4] - 在过去几年里，市场对公司的估值出现波动，有时达到账面价值的2.5倍以上，但在2020年初因为疫情导致对办公和商业地产敞口的股票担忧而暴跌[5] - 最近，Howard Hughes宣布了简化业务的计划，目前市值为35亿美元，仅为账面价值的1.15倍，这是跟随Ackman投资具有潜在复苏潜力的便宜企业的绝佳时机[6] Howard Hughes的未来规划 - Howard Hughes计划剥离几项非核心资产，包括位于曼哈顿下城的South Street Seaport、拉斯维加斯Aviators小联盟棒球队、拉斯维加斯Fashion Show Mall上方的建筑权以及Jean-Georges餐厅的25%股权[10] - 未来Howard Hughes将主要拥有在亚利桑那、内华达、夏威夷和德克萨斯等增长地区的规划社区组合，这些社区是房地产开发的一站式解决方案，公司拥有大量土地，通过开发规划社区或通过土地升值等方式实现长期收益[11][12] - Howard Hughes的规划社区资产历史上每年的股东权益回报率约为18%，这应该会带来高于1.15倍账面价值的价格，但需要时间来实现这个价值，Ackman看起来准备耐心等待[14]

公司信息 - Howard Hughes Holdings Inc.将于2024年5月8日发布2024年第一季度财报[1] - 可以通过Howard Hughes官网收听财报电话会议[2] - Howard Hughes Holdings Inc.拥有、管理和开发美国各地的商业、住宅和综合用途房地产[3]

Long-time HHH Board Member and former Archstone CEO to succeed Bill Ackman as Board Chairman;Pershing Square Capital Management, L.P. Partner Ben Hakim to be nominated to Howard Hughes Board of Directors to replace Ackman who will not stand for reelection THE WOODLANDS, Texas, April 04, 2024 (GLOBE NEWSWIRE) -- Howard Hughes Holdings Inc. (NYSE:HHH) announced today that long-time Howard Hughes board member Scot Sellers will be named Chairman of its Board of Directors at HHH's upcoming annual meeting. Seller ...