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Last $146.97 USD
Change Today -0.62 / -0.42%
Volume 82.2K
HHC On Other Exchanges
Symbol
Exchange
Frankfurt
As of 8:04 PM 05/6/15 All times are local (Market data is delayed by at least 15 minutes).

howard hughes corp/the (HHC) Snapshot

Open
$148.46
Previous Close
$147.59
Day High
$148.46
Day Low
$145.67
52 Week High
08/19/14 - $160.62
52 Week Low
01/16/15 - $114.39
Market Cap
5.8B
Average Volume 10 Days
95.5K
EPS TTM
$0.38
Shares Outstanding
39.7M
EX-Date
--
P/E TM
382.6x
Dividend
--
Dividend Yield
--
Current Stock Chart for HOWARD HUGHES CORP/THE (HHC)

howard hughes corp/the (HHC) Related Businessweek News

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howard hughes corp/the (HHC) Details

The Howard Hughes Corporation develops and operates master planned communities, and mixed-use and other real estate properties in the United States. It operates in three segments: Master Planned Communities, Operating Assets, and Strategic Developments. The Master Planned Communities segment develops and sells residential and commercial land. It sells residential land designated for detached and attached single- and multi-family homes ranging from entry-level to luxury homes to home builders; and commercial land parcels designated for retail, office, resort, services, and other for-profit activities, as well as parcels designated for use by government, schools, and other not-for-profit entities. This segment also owns 5 master planned communities with approximately 13,000 acres of land. The Operating Assets segment owns retail and office properties, multi-family apartment buildings, a resort and conference center, a 36-hole golf and country club, and other operating assets and investments. The Strategic Development segment comprises near, medium, and long-term real estate properties and development projects. This segment’s real estate opportunities consist of mixed-use commercial development, retail component, office buildings, multi-family projects, mall development projects, redevelopment projects, and other property interests. The Howard Hughes Corporation is headquartered in Dallas, Texas.

1,100 Employees
Last Reported Date: 03/2/15

howard hughes corp/the (HHC) Top Compensated Officers

Chief Executive Officer and Director
Total Annual Compensation: $1.0M
President
Total Annual Compensation: $750.0K
Chief Financial Officer
Total Annual Compensation: $500.0K
Senior Vice President, General Counsel and Se...
Total Annual Compensation: $500.0K
Senior Executive Vice President of Developmen...
Total Annual Compensation: $750.0K
Compensation as of Fiscal Year 2014.

howard hughes corp/the (HHC) Key Developments

The Howard Hughes Corporation Announces Unaudited Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2014

The Howard Hughes Corporation announced consolidated unaudited earnings results for the fourth quarter and full year ended December 31, 2014. For the quarter, the company reported total revenues of $207,053,000 against $133,953,000 a year ago. Operating income was $37,144,000 against $90,523,000 a year ago. Income before taxes was $44,994,000 against $7,096,000 a year ago. Net income attributable to common stockholders was $31,930,000 against $18,553,000 a year ago. Diluted loss per share was $1.18 against diluted earnings per share of $0.44 a year ago. NOI from income-producing operating assets, exclusive of properties undergoing redevelopment and properties sold, increased $3.3 million, or 20.0%, to $19.8 million for the fourth quarter 2014, compared to $16.5 million for the fourth quarter 2013. The increase primarily is related to the opening of the Downtown Summerlin mixed use development in October 2014, the re-opening of the Outlet Collection at Rive rwalk retail property in may 2014, after its year-long redevelopment, and the stabilization of the one hughes landing office building in 2014. For the full year, the company reported total revenues of $634,565,000 against $469,418,000 a year ago. Operating income was $166,722,000 against $111,214,000 a year ago. Income before taxes was $39,440,000 against loss before taxes of $64,125,000 a year ago. Net loss attributable to common stockholders was $23,531,000 against $73,790,000 a year ago. Diluted loss per share was $0.60 against $1.87 a year ago. Net operating income from income-producing operating assets, exclusive of properties undergoing redevelopment and properties sold, increased $9.7 million, or 15.1%, to $74.1 million in 2014 compared to $64.4 million in 2013. The increase primarily is attributable to a full year of stabilized NOI for Three Waterway and One Hughes Landing office buildings at The Woodlands, smaller increases from other properties opened or re-opened in 2014 and increased occupancy compared to 2013.

The Howard Hughes Corporation Presents at Citl's 2015 Global Property CEO Conference, Mar-02-2015 10:50 AM

The Howard Hughes Corporation Presents at Citl's 2015 Global Property CEO Conference, Mar-02-2015 10:50 AM. Venue: The Diplomat Resort & Spa, 3555 South Ocean Drive, Hollywood, FL 33019, United States. Speakers: David R. Weinreb, Chief Executive Officer and Director.

The Howard Hughes Corporation Announces the Acquisition of Six Office Buildings in Downtown Columbia, Maryland

The Howard Hughes Corporation announced the acquisition of approximately 700,000 square feet of office product located in Downtown Columbia, MD valued at $130 million. The six office buildings more commonly known as 10 - 60 Columbia Corporate Center are 90% leased and are currently unencumbered. With the acquisition, The Howard Hughes Corporation now holds more than 1.1 million square feet of commercial space, representing 50% of the total Downtown Columbia office market according to Cushman & Wakefield. The acquired properties include: 10 Corporate Center - the four-story building contains approximately 90,000 square feet; 20 Corporate Center - the five-story building contains approximately 110,000 square feet; 30 Corporate Center - the 12-story building contains approximately 135,000 square feet; 40 Corporate Center - the 12-story building contains approximately 150,000 square feet; 50 Corporate Center - the seven-story building contains approximately 120,000 square feet; and 60 Corporate Center - the six-story building contains approximately 110,000 square feet.

 

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Industry Analysis

HHC

Industry Average

Valuation HHC Industry Range
Price/Earnings NM Not Meaningful
Price/Sales 9.2x
Price/Book 2.6x
Price/Cash Flow 271.0x
TEV/Sales 5.2x
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