HHH · Howard Hughes Holdings Inc.
Price & Indicators
Raw chart and full-history price indicators begin at the captured split on Aug 1, 2024; bars on opposite sides are not compared.
Up next
AI Brief
TL;DR.
AI-generated from the earnings call and 8-K · may contain errors · not investment advice
Ask ALVIS about this →Equibles Rating
blended score · not investment adviceBlended from price, momentum, positioning, fundamentals & volatility · daily-close · not investment advice. Market backdrop is context, not part of the score.
Guidance & track record
Guidance from company 8-Ks · delivered figures from as-reported statements · no analyst estimates involved.
Technicals
trend & momentum for long-term holders SellIllustrative technical + ownership context — a signal mix, not investment advice.
Key metrics
the company's own KPIs, from written earnings releases and filings| Metric | Latest | Period | YoY |
|---|---|---|---|
| Accident Year Combined Ratio (Ex. Cat) non-GAAP | 91.4% | Q2 2026 | — |
| Adjusted G&A Expense non-GAAP | $16.9M | Q2 2026 | — |
| Adjusted Maintenance Free Cash Flow non-GAAP | $21M | Q2 2026 | — |
GAAP → non-GAAP reconciliationGAAP Total Operating Assets NOI 70.5M
-37.9M Operating Assets Net Interest Expense
-3.3M Amortization of Deferred Leasing Costs
-8.4M Depreciation of Tenant Improvement Expenditures
= Adjusted Maintenance Free Cash Flow 21M
|
|||
| Adjusted Net Interest Expense non-GAAP | $18.1M | Q2 2026 | — |
| Calendar Year Combined Ratio | 101.6% | Q2 2026 | — |
| Capital Adequacy Ratio non-GAAP | 49% | Q2 2026 | — |
| Cash & Short-Term Investments Average Annualized Investment Return non-GAAP | 3.3% | Q2 2026 | — |
| Combined ratio | 95% | Q2 2026 | — |
| Commercial acres sold | 9.8 | first six months of 2026 | — |
| Condo units contracted for sale | 97% | Q2 2026 | — |
|
|
|||
| Expense ratio | 38% | Q2 2026 | — |
| Fixed Income Average Annualized Investment Return non-GAAP | 4.4% | Q2 2026 | — |
| HHC Net Debt non-GAAP | $4.8B | Q2 2026 | — |
GAAP → non-GAAP reconciliationGAAP Mortgages, Notes, & Loans Payable, Net 5.46B
+44M Unamortized Deferred Financing Costs
-698M Cash and Cash Equivalents
= HHC Net Debt 4.8B
|
|||
| HHC Net Debt Excluding Operating Assets Debt non-GAAP | $2.12B | Q2 2026 | — |
GAAP → non-GAAP reconciliationGAAP HHC Net Debt 4.8B
-2.69B Operating Assets Debt
= HHC Net Debt Excluding Operating Assets Debt 2.12B
|
|||
| Loss ratio | 57% | Q2 2026 | — |
| Net earned insurance premiums | 97.2M | Q2 2026 | — |
| Net insurance investment income | 11M | Q2 2026 | — |
| Number of Condo Units Closed During the Period | 527 | Q2 2026 | — |
| Operating Assets NOI non-GAAP | $68.5M | Q2 2026 | — |
GAAP → non-GAAP reconciliationGAAP Operating Assets segment EBT 31.19M
+52.03M Depreciation and amortization
+37.87M Interest (income) expense, net
-794K Equity in (earnings) losses from unconsolidated ventures
-51.8M (Gain) loss on sale or disposal of real estate and other assets, net
+413K (Gain) loss on extinguishment of debt
-1.02M Impact of straight-line rent
+600K Other
= Operating Assets NOI 68.5M
|
|||
| Price Per Acre - Commercial | $0.9M | first six months of 2026 | — |
| Price Per Acre - Residential | $1.2M | first six months of 2026 | — |
| Residential acres sold | 206.7 | first six months of 2026 | — |
| Total Acres Closed | 119.7 | Q2 2026 | — |
| Total Operating Assets NOI non-GAAP | 70.5M | Q2 2026 | — |
| Underwriting income | 4.7M | Q2 2026 | — |
| YoY Same Store NOI Growth non-GAAP | 2% | Q2 2026 | — |
| Acres Sold - Commercial | 6 | first quarter 2026 | — |
| Acres Sold - Residential | 87 | first quarter 2026 | — |
| Adjusted Operating Cash Flow non-GAAP | $446M | Full Year 2025 | — |
| Multifamily NOI non-GAAP | $62.69M | Full Year 2025 | — |
| New homes sold | 1,936 | Full Year 2025 | — |
| Office new or expanded leases | 484,000 | Full Year 2025 | — |
| Office NOI non-GAAP | $138.17M | Full Year 2025 | — |
| Projected stabilized NOI - Operating Assets non-GAAP | $360.5M | Full Year 2025 | — |
| Retail NOI non-GAAP | $55.13M | Full Year 2025 | — |
Figures exactly as the company stated them in writing · click a metric with a to chart its history · period links open the stating document · "filing" marks figures stated in the 10-K/10-Q · YoY needs an exactly comparable prior-year period
Versus peers
Real Estate - Development — same industry group| Company | Mkt cap | YTD | Rev growth Y/Y | P/E | Short % shares |
|---|---|---|---|---|---|
|
HHH
this stock
Howard Hughes Holdings Inc.
|
$4.07B | -17.6% | -15.8% | — | 4.7% |
|
CNGKY
Cheung Kong Property Holdings Limited/ADR
|
$20.11B | +14.6% | — | — | 0.0% |
|
VTMX
Vesta Real Estate Corporation, S.A.B. de C.V.
|
$3.14B | +11.0% | — | — | 0.3% |
|
CCS
Century Communities, Inc.
|
$1.97B | +19.4% | -6.4% | 15.2 | 6.2% |
|
FOR
Forestar Group Inc.
|
$1.50B | +16.3% | +10.1% | 8.8 | 1.0% |
Peers by industry group · P/E from as-reported trailing EPS · short % is of shares outstanding
At a glance
key data from every sectionPerformance
Raw-price comparisons begin at the captured split on Aug 1, 2024; windows that need an earlier baseline remain unavailable.
| 5D | 20D | 120D | MTD | YTD | |
|---|---|---|---|---|---|
| HHH | -1.9% | -1.3% | -9.6% | +2.9% | -17.6% |
| SPY | -0.4% | +2.6% | +10.7% | +2.7% | +12.5% |
| vs SPY | -1.5% | -3.8% | -20.4% | +0.2% | -30.1% |
Capital returns
Dividends per share over the trailing 365 days by ex-date · buyback figures as last reported in SEC filings ("spent" derived as authorized − remaining; when several programs run concurrently, authorized is their combined total per the newest filing) · components shown separately — trailing-year buyback spend isn't tracked, so no combined shareholder yield is derived.