Howard Hughes Holdings Inc (HHH)
NYSEReal EstateReal Estate - DevelopmentSnapshot 2026-11-04
$79.06+3.62%
Close 2026-11-04 · 1-day change
NYSEReal EstateReal Estate - DevelopmentSnapshot 2026-11-04
QuarterlyIQ Insights · HHH
What must go right, what could break, what the price assumes, and what evidence comes next.
The current health of the standing investment case.
Recent financial performance is holding in the top half of its industry — the reason to own it looks intact.
One-year growth currently built into the price, compared with our model's estimate.
| Measure | Marker shape | Value |
|---|---|---|
| Growth built into the price | circle | 0.4% |
| Our one-year growth estimate | diamond | 15.7% |
For each item: what to watch, what would become a concern, and what would make it less concerning.
A reporting-risk estimate, not a forecast of the stock-price response.
Historical relationships that met the evidence threshold. They do not prove cause or forecast a move.
Usually moved in the same direction.
Price observations: 365 days
Usually moved in the opposite direction.
Price observations: 365 days
Most sensitive to the broad stock market and real (inflation-adjusted) rates.
Based on historical daily prices through 2026-11-04.
Past price behavior in dollars on a $10,000 position. This does not measure permanent business risk.
How much price usually moves either way.
A larger daily loss that occurred about once in every 20 trading days.
Use the underlying financial and sector pages to investigate the cause.
Not investment advice. Scores describe historical and current data; they are not forecasts of future returns. Consult a licensed advisor before making investment decisions.
Growth built into the price is above our model estimate.
The price assumes 15.4 percentage points less one-year growth.
The one-year revenue growth assumption on Valuation.
Model as of 2026-11-04 · Compared with 1 industry peers
HHH — Principal Accounting Officer transition
Dated 2026-10-23
Chief Accounting Officer — Elena Verbinskaya: The Chief Accounting Officer is departing via mutual agreement with a transition period, which is a genuine executive departure but not necessarily negative given the lack of disagreement.
Why it matters: Recurring property income grew just 2% in Q2. Faster growth would show stronger gains from leasing and property operations.
Supportive ifQ3 Total Operating Assets NOI grows more than 2% year over year.
Worry ifQ3 Total Operating Assets NOI is flat or lower year over year.
Why it matters: David Gansberg is set to take over after his non-compete ends. A smooth handoff may help keep Vantage’s plans on track.
Watch forVantage names David Gansberg CEO by June 2027, with no reported delay in the handoff.
Also watch forVantage reports that Gansberg will not take the CEO role by June 2027, or names a different CEO.
Why it matters: MPC land sales drive large swings in HHH’s results. Another year-over-year gain would support the land-sales growth story.
Supportive ifQ3 MPC EBT rises year over year, after Q2’s 32% increase to $134.7 million.
Worry ifQ3 MPC EBT falls year over year.
Why it matters: The Q2 ratio covered only 27 days and management said it was not a full-year guide. A full quarter gives a better test of underwriting results.
Watch forVantage reports a combined ratio below 100% for one full quarter. Underwriting income is above zero.
Also watch forVantage reports a combined ratio above 100% for one full quarter. It reports an underwriting loss.
Deepest peak-to-trough drop in the last year.
| Measure | Value | Meaning |
|---|---|---|
| Typical day | ±$143 on $10,000 · ±1.4% | How much price usually moves either way. |
| Bad day | $282 loss on $10,000 · 2.8% | A larger daily loss that occurred about once in every 20 trading days. |
| Largest peak-to-trough drop in the past year | $3,298 loss on $10,000 · 33.0% | Deepest peak-to-trough drop in the last year. |
Past year. 1.00 means similar movement; 1.20 means about 20% more.
Past year. 1.00 means similar movement to the sector. This is secondary context.
Latest 30 trading days, shown as an annual percentage.
Latest 252 trading days, shown as an annual percentage.
20-trading-day average in US dollars.
Trading days used by the source risk snapshot.
Past results, not a forecast. Not investment advice.