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Howard Hughes

OverviewSuggest Edit

The Howard Hughes Corporation owns, manages and develops commercial, residential and mixed-use real estate throughout the country. Our company is comprised of master planned communities, operating properties, development opportunities and other unique assets spanning from New York to Hawaii. We have approximately 1,000 employees, over half of whom are dedicated to the growth and service of our master planned communities. The company's operating properties are primarily retail and include South Street Seaport (Manhattan, NY), various properties in Columbia Town Center (Columbia, MD), Landmark Mall (Alexandria, VA), The Outlet Collection at Riverwalk (New Orleans, LA), Cottonwood Square (Holladay, UT), Park West (Peoria, AZ) and Ward Centers (Honolulu, HI). Currently, several of the operating properties present significant opportunities for redevelopment. The company also has an exciting and diverse pipeline of strategic opportunities for near, mid and long-term development. These range from air rights and surface parking lots to aging properties poised for redevelopment. The Howard Hughes Corporation’s mission is to be the preeminent developer and operator of master planned communities and mixed-use properties. We create timeless places and memorable experiences that inspire people while driving sustainable, long-term growth and value for our shareholders.
TypePublic
Founded2011
HQDallas, TX, USMap
Websitehowardhughes.com
Employee Ratings3.2More
Overall CultureC+More
View Jobs (21)

Recent NewsAll News

Latest Updates

Employees (est.) (Dec 2019)1,500(+8%)
Job Openings21
Revenue (FY, 2020)$699.5 M(-46%)
Share Price (Mar 2021)$95.1
Cybersecurity ratingBMore

Key People/Management at Howard Hughes

William Ackman

William Ackman

Chairman
Paul H. Layne

Paul H. Layne

Chief Executive Officer, Director
David O'Reilly

David O'Reilly

President and Chief Financial Officer
Peter F. Riley

Peter F. Riley

General Counsel
Jim Carman

Jim Carman

President, Houston Region
Saul A. Scherl

Saul A. Scherl

President, New York Tri-State Region
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Howard Hughes Office Locations

Howard Hughes has offices in Dallas, Alexandria, Columbia, Cypress and in 6 other locations
Dallas, TX, US (HQ)
13355 Noel Rd
Alexandria, VA, US
5801 Duke St Suite D-108Alexandria
Columbia, MD, US
10960 Grantchester Way #110
Cypress, TX, US
16919 N Bridgeland Lake Pkwy
Cypress, TX, US
23720 House & Hahl Rd
Honolulu, HI, US
1240 Ala Moana Blvd #601
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Howard Hughes Financials and Metrics

Howard Hughes Revenue

Howard Hughes's revenue was reported to be $699.49 m in FY, 2020
USD

Revenue (FY, 2020)

699.5m

Net income (FY, 2020)

(3.2m)

EBIT (FY, 2020)

(119.6m)

Market capitalization (31-Mar-2021)

5.2b

Closing stock price (31-Mar-2021)

95.1

Cash (31-Dec-2020)

1.0b

EV

8.6b
Howard Hughes's current market capitalization is $5.2 b.
Annual
USDFY, 2010FY, 2011FY, 2012FY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018FY, 2019FY, 2020

Revenue

151.1m275.7m376.9m474.6m634.6m797.1m1.0b1.1b1.1b1.3b699.5m

Revenue growth, %

82%37%26%34%26%30%

Sales and marketing expense

22.8m25.5m22.2m20.5m29.2m23.1m8.2m

General and administrative expense

35.2m34.4m48.5m73.6m81.3m86.6m89.9m104.6m156.3m109.4m
Quarterly
USDQ2, 2011Q3, 2011Q1, 2012Q2, 2012Q3, 2012Q1, 2013Q2, 2013Q3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020

Revenue

50.8m86.9m79.8m93.9m94.8m90.1m147.1m103.5m98.7m209.6m119.2m155.1m209.2m203.4m239.7m272.2m240.8m231.8m308.6m258.7m161.7m342.7m353.9m431.3m231.2m175.2m156.2m154.4m

Sales and marketing expense

5.3m6.4m6.2m5.6m7.6m4.5m6.3m4.7m4.2m4.7m5.9m6.1m5.7m5.8m5.3m2.8m1.8m1.9m

General and administrative expense

8.4m10.0m9.8m8.2m9.3m11.2m6.8m11.9m16.9m17.5m14.8m19.0m19.6m18.5m20.3m20.1m21.1m18.1m22.9m22.4m24.3m51.2m25.3m30.1m32.5m39.1m22.2m23.4m

Operating expense total

17.8m27.0m23.9m23.2m26.3m26.7m24.1m34.5m34.7m39.4m36.3m43.4m44.8m42.8m40.6m41.6m42.4m40.8m48.0m49.6m53.5m348.7m68.3m77.2m91.1m56.2m33.7m26.7m
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Annual
USDY, 2009Y, 2010Y, 2011FY, 2011Y, 2012FY, 2012Y, 2013FY, 2013Y, 2014FY, 2014FY, 2015Y, 2015FY, 2016FY, 2017FY, 2018FY, 2019FY, 2020

Cash

3.2m284.7m227.6m227.6m229.2m229.2m894.9m894.9m560.5m560.5m445.3m445.3m665.5m861.1m499.7m422.9m1.0b

Accounts Receivable

15.6m13.9m21.4m21.4m28.2m28.2m32.2m32.2m9.9m13.0m12.6m12.3m7.4m

Prepaid Expenses

127.2m143.5m173.9m310.1m441.2m473.3m411.6m300.4m341.4m

Inventories

Quarterly
USDQ2, 2011Q3, 2011Q1, 2012Q2, 2012Q3, 2012Q1, 2013Q2, 2013Q3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020

Cash

276.0m293.4m210.0m254.3m272.9m200.5m213.2m210.8m827.1m739.6m805.6m458.4m488.6m450.6m736.8m670.8m653.0m541.5m660.1m601.9m632.8m606.7m452.9m650.7m638.0m971.7m930.6m857.4m

Accounts Receivable

7.0m15.6m14.0m15.3m13.4m16.6m18.7m19.7m24.3m25.2m25.8m37.3m36.1m32.1m29.1m40.2m38.2m10.2m12.0m9.7m14.4m13.5m16.0m20.0m17.2m

Prepaid Expenses

141.1m130.0m130.6m120.0m124.8m154.2m125.8m151.4m216.3m282.9m314.3m293.2m278.3m323.6m550.9m692.6m820.2m714.4m752.6m796.0m210.3m253.6m249.5m246.9m332.6m343.1m360.2m

PP&E

2.1b2.5b2.5b2.6b2.6b2.7b2.7b2.8b3.1b3.3b3.5b4.2b4.3b4.4b4.4b4.5b4.6b4.8b4.9b5.0b5.4b6.0b6.0b6.1b3.9b4.0b4.1b
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Annual
USDFY, 2011FY, 2012FY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018FY, 2019FY, 2020

Net Income

148.5m(127.5m)(73.7m)(23.5m)126.7m202.3m166.6m57.7m74.3m(3.2m)

Depreciation and Amortization

16.8m24.4m33.8m56.0m99.0m95.9m132.3m126.6m154.4m198.6m

Accounts Payable

19.5m15.1m20.3m37.2m29.9m(46.3m)8.2m20.7m27.3m(1.2m)

Cash From Operating Activities

86.5m153.1m129.3m(58.3m)23.9m58.9m319.0m210.5m207.7m(72.9m)
Quarterly
USDQ2, 2011Q3, 2011Q1, 2012Q2, 2012Q3, 2012Q1, 2013Q2, 2013Q3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020

Net Income

(48.5m)116.5m(111.5m)(76.5m)(126.7m)(23.2m)(99.7m)(92.2m)(86.3m)(101.1m)(55.4m)(106.0m)(55.4m)100.8m143.8m150.7m158.7m5.7m8.8m19.3m1.8m(4.0m)31.9m45.3m75.3m(125.1m)(159.2m)4.8m

Depreciation and Amortization

6.4m13.6m5.1m11.0m17.7m6.4m13.2m23.2m10.5m22.0m35.0m21.5m46.6m71.6m23.0m47.9m71.2m25.5m60.3m96.2m27.9m56.8m36.0m73.8m113.9m57.3m99.7m146.3m

Accounts Payable

(13.2m)(20.5m)(15.3m)4.9m(5.9m)5.8m38.1m(5.7m)18.1m(7.7m)(11.0m)39.1m8.7m(24.8m)(19.0m)(59.1m)(40.5m)(36.6m)(49.9m)(20.8m)(57.3m)(16.6m)(9.6m)(47.4m)(25.0m)(33.0m)

Cash From Operating Activities

17.0m22.0m(878.0k)29.6m59.3m16.6m89.4m108.8m26.2m9.3m16.0m(21.9m)(957.0k)32.6m(42.4m)(136.8m)(218.3m)(57.8m)(97.6m)(127.5m)(86.4m)(59.7m)160.3m137.2m(73.2m)(98.6m)(169.8m)
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Howard Hughes Cybersecurity Score

Cybersecurity ratingPremium dataset

B

89/100

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Howard Hughes Environment, Social & Governance (ESG) Ratings

CSRHub ESG ratingPremium dataset

40-49

out of 100

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Howard Hughes Online and Social Media Presence

Howard Hughes's Trends

Embed Graph

Howard Hughes Company Culture

  • Overall Culture

    C+

    68/100

  • CEO Rating

    C

    67/100

  • Compensation

    B+

    78/100

  • Diversity

    B+

    78/100

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Howard Hughes News and Updates

February 03, 2021

The Howard Hughes Corporation Accelerates Growth Across Portfolio Of Master Planned Communities With Plans For Approximately 2 Million Square Feet Of Development

HOUSTON, Feb. 3, 2021 /PRNewswire/ -- The Howard Hughes Corporation (NYSE: HHC) today announced the acceleration of plans for approximately two million square feet of development across the company's portfolio of master planned communities (MPCs). Following strong home sales in 2020 and...
January 29, 2021

The Howard Hughes Corporation® Announces Appointment of Anthony A. Williams to Board of Directors

HOUSTON, Jan. 29, 2021 /PRNewswire/ -- The Howard Hughes Corporation® (NYSE: HHC) announced today the appointment of Anthony A. Williams to its Board of Directors, effective February 1, 2021. Mr. Williams is the Chief Executive Officer of Federal City Council, a nonprofit organization...
January 26, 2021

The Howard Hughes Corporation® Announces Dates And Times For Fourth-Quarter 2020 Earnings Release And Conference Call

HOUSTON, Jan. 26, 2021 /PRNewswire/ -- The Howard Hughes Corporation® (NYSE: HHC) announced today that it will release 2020 fourth-quarter earnings on Thursday, February 25, 2021, after the market closes and will hold its fourth-quarter conference call on Friday, February 26, 2021, at...
December 01, 2020

The Howard Hughes Corporation® Announces New Executive Leadership Team To Fulfill Company's Vision For Growth Across Portfolio

HOUSTON, Dec. 1, 2020 /PRNewswire/ -- The Howard Hughes Corporation® (NYSE: HHC) announced today the appointment of a new executive leadership team that will lead the continued growth of the company's acclaimed national portfolio of master planned communities (MPCs) and small cities. The...
November 05, 2020

The Howard Hughes Corporation® Reports Third Quarter 2020 Results

THE WOODLANDS, Texas, Nov. 5, 2020 /PRNewswire/ -- The Howard Hughes Corporation® (NYSE: HHC) (the "Company," "HHC" or "we") announced today operating results for the third quarter ended September 30, 2020. The financial statements, exhibits and reconciliations of non-GAAP measures in the...
October 14, 2020

The Howard Hughes Corporation® Announces Opening Of 110 North Wacker Drive Office Building

CHICAGO, Oct. 14, 2020 /PRNewswire/ -- The Howard Hughes Corporation® (NYSE: HHC) and Riverside Investment & Development announced today the opening of the trophy-class office tower at 110 North Wacker Drive. The announcement marks the culmination of the highly-anticipated 55-story...
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 Howard Hughes Frequently Asked Questions

  • When was Howard Hughes founded?

    Howard Hughes was founded in 2011.

  • Who are Howard Hughes key executives?

    Howard Hughes's key executives are William Ackman, Paul H. Layne and David O'Reilly.

  • How many employees does Howard Hughes have?

    Howard Hughes has 1,500 employees.

  • What is Howard Hughes revenue?

    Latest Howard Hughes annual revenue is $699.5 m.

  • What is Howard Hughes revenue per employee?

    Latest Howard Hughes revenue per employee is $466.3 k.

  • Who are Howard Hughes competitors?

    Competitors of Howard Hughes include Filinvest, S&R and Sime Darby Property.

  • Where is Howard Hughes headquarters?

    Howard Hughes headquarters is located at 13355 Noel Rd, Dallas.

  • Where are Howard Hughes offices?

    Howard Hughes has offices in Dallas, Alexandria, Columbia, Cypress and in 6 other locations.

  • How many offices does Howard Hughes have?

    Howard Hughes has 11 offices.