Howard Hughes Corporation plans to redeem its 5.375% Senior Notes due 2028 on February 19, 2026.
Quiver AI Summary
Howard Hughes Holdings Inc. announced that its subsidiary, The Howard Hughes Corporation, plans to redeem all of its $750 million outstanding 5.375% Senior Notes due 2028 on February 19, 2026. The redemption price will be 100.896% of the principal amount plus accrued interest, totaling approximately $1,011.65 per $1,000 principal. This redemption is contingent upon the successful closing of HHC's new senior notes offering due 2032 and 2034, which will fund the redemption. Following the redemption date, the Notes will cease to be outstanding, and interest will no longer accrue. Payment procedures will be handled through The Depository Trust Company, with additional details provided in an official notice from the trustee. The announcement serves informational purposes and does not constitute a formal notice of redemption or an offer to sell securities.
Potential Positives
- The company is proactively managing its debt by redeeming $750 million of outstanding Senior Notes, indicating a focus on financial stability and a healthier balance sheet.
- The redemption price reflects a premium over the principal amount, showcasing the company's ability to honor its debt obligations and potentially instilling investor confidence.
- Funds for the redemption will be obtained from a new offering of senior notes, suggesting that the company is engaging in strategic refinancing to optimize its capital structure.
- This move positions Howard Hughes Holdings Inc. for future growth and aligns with its commitment to enhance long-term shareholder value.
Potential Negatives
- HHC's reliance on the successful completion of a new notes offering to fund the redemption of the existing senior notes raises concerns about liquidity and financial stability, particularly if the market conditions do not favor the new offering.
- The redemption of the senior notes at a premium may suggest higher borrowing costs for the company, indicating potential financial strain or reduced investor confidence.
- The announcement may signal uncertainty regarding the company's cash flow, as it is utilizing new debt to pay off existing debt rather than generating funds through operations.
FAQ
What is the redemption date for HHC's Senior Notes?
The redemption date for HHC's 5.375% Senior Notes due 2028 is February 19, 2026.
How much is the total payment to holders of the Notes?
The total payment to holders will be $1,011.6475 per $1,000 principal amount of Notes.
What will fund the redemption of the Senior Notes?
The redemption will be funded with proceeds from the new offering of senior notes due 2032 and 2034.
Who is the trustee and paying agent for the Notes?
Computershare Trust Company, N.A. is the trustee, paying agent, and registrar for the Notes.
Will interest continue to accrue on the Notes after the redemption date?
No, interest will cease to accrue on the Notes after the redemption date.
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
$HHH Insider Trading Activity
$HHH insiders have traded $HHH stock on the open market 3 times in the past 6 months. Of those trades, 1 have been purchases and 2 have been sales.
Here’s a breakdown of recent trading of $HHH stock by insiders over the last 6 months:
- MARY ANN TIGHE sold 6,000 shares for an estimated $532,965
- R SCOT SELLERS purchased 5,000 shares for an estimated $389,713
- ANTHONY WILLIAMS sold 1,100 shares for an estimated $87,538
To track insider transactions, check out Quiver Quantitative's insider trading dashboard.
$HHH Revenue
$HHH had revenues of $390.2M in Q3 2025. This is an increase of 19.28% from the same period in the prior year.
You can track HHH financials on Quiver Quantitative's HHH stock page.
$HHH Hedge Fund Activity
We have seen 159 institutional investors add shares of $HHH stock to their portfolio, and 134 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- RUSSELL INVESTMENTS GROUP, LTD. added 276,083 shares (+98.3%) to their portfolio in Q3 2025, for an estimated $22,685,740
- CRCM LP added 253,490 shares (+82.5%) to their portfolio in Q3 2025, for an estimated $20,829,273
- JANUS HENDERSON GROUP PLC added 215,374 shares (+1458.0%) to their portfolio in Q3 2025, for an estimated $17,697,281
- JACOBS LEVY EQUITY MANAGEMENT, INC removed 175,869 shares (-86.1%) from their portfolio in Q3 2025, for an estimated $14,451,155
- ANNEX ADVISORY SERVICES, LLC added 166,489 shares (+1117.5%) to their portfolio in Q4 2025, for an estimated $13,280,827
- BALYASNY ASSET MANAGEMENT L.P. removed 157,968 shares (-100.0%) from their portfolio in Q3 2025, for an estimated $12,980,230
- CANDRIAM S.C.A. removed 137,189 shares (-90.3%) from their portfolio in Q3 2025, for an estimated $11,272,820
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.
$HHH Analyst Ratings
Wall Street analysts have issued reports on $HHH in the last several months. We have seen 1 firms issue buy ratings on the stock, and 0 firms issue sell ratings.
Here are some recent analyst ratings:
- Piper Sandler issued a "Overweight" rating on 10/01/2025
To track analyst ratings and price targets for $HHH, check out Quiver Quantitative's $HHH forecast page.
$HHH Price Targets
Multiple analysts have issued price targets for $HHH recently. We have seen 2 analysts offer price targets for $HHH in the last 6 months, with a median target of $90.0.
Here are some recent targets:
- Alexander Goldfarb from Piper Sandler set a target price of $95.0 on 10/01/2025
- Anthony Paolone from JP Morgan set a target price of $85.0 on 08/29/2025
Full Release
THE WOODLANDS, Texas, Feb. 04, 2026 (GLOBE NEWSWIRE) -- Howard Hughes Holdings Inc. (NYSE: HHH) (“Howard Hughes,” “HHH,” or the “Company”) today announced that its wholly owned subsidiary, The Howard Hughes Corporation (“HHC”), has given notice of its intention to redeem all of HHC’s outstanding 5.375% Senior Notes due 2028 (the “Notes”) on February 19, 2026 (the “redemption date”).
The aggregate principal amount outstanding of the Notes is $750,000,000. The redemption price for the Notes will be equal to 100.896% of the principal amount thereof, plus accrued and unpaid interest on the Notes to, but excluding, the redemption date, for a total payment to holders of $1,011.6475 per $1,000 principal amount of Notes.
HHC intends to fund the redemption of the Notes with proceeds from its previously announced offering of senior notes due 2032 and senior notes due 2034 (the “New Notes Offering”). HHC’s obligation to redeem the Notes is subject to the completion of the closing of the New Notes Offering. On and after the redemption date, the Notes will no longer be deemed outstanding, interest will cease to accrue thereon, and all rights of the holders of the Notes will cease, except for the right to receive the redemption price.
Payment of the redemption price for the Notes will be made in accordance with the applicable procedures of The Depository Trust Company.
Computershare Trust Company, N.A. is the trustee, paying agent and registrar for the Notes.
This press release is for information purposes only and shall not constitute a notice of redemption. The redemption shall be made solely pursuant to the official notice of redemption required under the indenture governing the Notes, which notice shall be provided by the trustee on behalf of HHC. This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of, the Notes or any other securities in any state or other jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or other jurisdiction.
About Howard Hughes Holdings Inc.
Howard Hughes Holdings Inc. (HHH) is a holding company focused on growing long-term shareholder value. Through its real estate platform, Howard Hughes Communities, HHH owns, manages, and develops commercial, residential, and mixed-use real estate throughout the U.S. Its award-winning assets include the country’s preeminent portfolio of master planned communities, as well as operating properties and development opportunities including The Woodlands
®
, Bridgeland
®
and The Woodlands Hills
®
in Greater Houston; Summerlin
®
in Las Vegas; Teravalis™ in Greater Phoenix; Ward Village
®
in Honolulu; and Merriweather District in Columbia, Maryland. Howard Hughes Holdings Inc. is traded on the New York Stock Exchange as HHH. For additional information visit www.howardhughes.com.
Safe Harbor Statement
Statements made in this press release that are not historical facts, including statements accompanied by words such as “will,” “believe,” “expect,” “enables,” “realize,” “plan,” “intend,” “assume,” “transform” and other words of similar expression, are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements are based on management’s expectations, estimates, assumptions, and projections as of the date of this release and are not guarantees of future performance. Actual results may differ materially from those expressed or implied in these statements. Factors that could cause actual results to differ materially are set forth as risk factors in Howard Hughes Holdings Inc.’s filings with the Securities and Exchange Commission, including its Quarterly and Annual Reports. Howard Hughes Holdings Inc. cautions you not to place undue reliance on the forward-looking statements contained in this release. Howard Hughes Holdings Inc. does not undertake any obligation to publicly update or revise any forward-looking statements to reflect future events, information or circumstances that arise after the date of this release.
Media Relations:
Cristina Carlson
Howard Hughes
[email protected]
646-822-6910
Francis McGill
Pershing Square
[email protected]
212-909-2455
Investor Relations:
[email protected]
281-929-7700
