HHHHoward Hughes Holdings Inc.
Real Estate Investment Trusts
- Revenue
- $1.5B
- 16% YoY
- Operating margin
- 22.5%
- 30% YoY
- EBITDA
- $515M
- 30% YoY
- Market cap
- —
- Employees
- —
- Net debt / EBITDA
- 4.8×
- $2.5B net debt
- AI in 10-K
- —
Red flags 0 of 9
- TSR below peersClear—3+ of last 5 years
- High CEO pay despite TSRClear—Median CEO pay ≥ $15M and TSR flag
- Active 13DClear0 filingsActive-intent 13D in 18 months
- Net insider sellingClear$0 netNet sales over $10M in 12 months
- Earnings not backed by cashClear373% of net incomeCash flow under 80% of net income
- Dilutive SBCClear1% of revenueOver 10% of revenue
- Payouts exceed cash flowClear0% of cash flowBuybacks + dividends over cash flow
- Goodwill-heavyClear2% of assetsOver 40% of assets
- Shareholder dissentClear—Any vote under 80% support
Financials
| Metric | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | YoY |
|---|---|---|---|---|---|---|
| Revenue | $1.4B | $1.5B | $909M | $1.8B | $1.5B | 16% |
| Operating income | $242M | $424M | $216M | $560M | $332M | 41% |
| Net income | $49M | $185M | −$552M | $197M | $124M | 37% |
| Operating cash flow | −$284M | $325M | −$258M | $397M | $462M | 17% |
| Stock-based comp | $10M | $12M | $16M | $16M | $20M | 24% |
| Buybacks | $81M | $404M | $0 | $0 | — |
Deal filings
None.
13D filers
None on file.
Insider trading
- Open-market buys, 12 mo
- $2M · 2
- Open-market sells, 12 mo
- $0 · 0
- Net
- $2M
Pay vs performance
| Year | CEO total comp | Comp actually paid | TSR (indexed) | Peer TSR |
|---|---|---|---|---|
| FY2025 | $8M | $6M | 106 | 132 |
| FY2024 | $6M | $8M | 102 | 128 |
| FY2023 | $5M | $5M | 108 | 121 |
| FY2022 | $3M | $452K | 97 | 108 |
| FY2021 | $4M | $5M | 129 | 146 |