| Factor | Score | Distribution | Value | Avg | Rank |
|---|---|---|---|---|---|
Valuation | 76 | 12.2x | 17.8x | Top tier | |
Growth | 70 | 34.0% | 7.1% | Top tier | |
Quality | 53 | 4.5% | 4.5% | Around median | |
Safety | 42 | 4.0x | 2.6x | Around median | |
Capital Return | 20 | — | 2.12% | Bottom tier | |
Momentum | 24 | -11.5% | 2.9% | Bottom tier | |
Sentiment | 32 | 2 | 3 | Bottom tier |
Estimates — analyst targets and a simplified DCF, not investment advice.
Ten ratios that matter, each compared against its sector median and average — so you can see whether a number is rich or cheap relative to peers in the same sector.
Howard Hughes Holdings Inc. is a holding company combining real estate development and specialty insurance. The real estate business generates cash from land sales within master-planned communities, condominium deliveries, and leasing operating assets, then recycles capital through selected asset sales or the introduction of partners; in Q2 FY2026, master-planned community earnings before taxes rose 32% year over year to $134.7 million, while the delivery of Park Ward Village generated approximately $227 million in net proceeds after repaying the construction loan.
The acquisition of Vantage Holdings added specialty insurance and reinsurance operations, but the consolidated results for Q2 FY2026 included Vantage only from the transaction's closing date on June 4, 2026, through June 30, 2026. Based on Vantage's historical results for the full quarter, gross and net written premiums rose 29% to $473 million and $325 million, respectively, while net earned premiums increased 22% to $295 million; Howard Hughes' business mix now combines real estate cash flows with underwriting earnings and returns from the insurance investment portfolio.
Howard Hughes recorded Q2 FY2026 revenue of $1.1 billion, net income of $158.4 million, and earnings per share of $2.68, compared with revenue of $235.9 million, net income of $8.2 million, and earnings per share of $0.14 in Q1 FY2026. The provided data does not include a gross profit figure or a consolidated margin, while revenue for the twelve months ended in FY2026 was approximately $1.5 billion and net income was $121.3 million.
Automated analysis for informational purposes only — not investment advice.
The average analyst price target is $87.5, within a range of $80 to $95, compared with a 52-week share-price range of $61.01 to $91.07; this means the average target is below the top of the range, while the highest target exceeds that peak. The consensus rates the stock a “Buy,” but the absence of a published price-to-earnings ratio in the provided data makes the company's valuation more dependent on the value of its real estate assets, Vantage's profitability, and the sustainability of intermittent cash flows rather than a direct traditional earnings comparison.
Figures in the text are as of 2026-08-31; the live price is shown at the top of the page.
Howard Hughes closed the acquisition of Vantage Holdings on June 4, 2026, transforming it from a pure real estate company into a holding company combining real estate and specialty insurance. The consolidated results for Q2 FY2026 included Vantage's operations only for the period from June 4 through June 30. According to the August 6, 2026 call, the company aims to increase the weight of insurance over time while recycling capital generated from land, condominiums, and non-core assets.
Gross written premiums rose 29% to $473 million, net written premiums increased 29% to $325 million, and net earned premiums grew 22% to $295 million. The combined ratio was 101.6% because of $18 million in catastrophe losses and $19 million in adverse prior-year reserve development. In contrast, the current accident year combined ratio excluding catastrophes improved to 91.4% from 96.2% a year earlier, indicating improvement in underlying underwriting despite the quarterly underwriting loss.
Expected future revenue from the condominium pipeline exceeded $4 billion, according to the August 6, 2026 call. Approximately 78% of this amount was under contract, giving the company better visibility into future delivery proceeds. In Q2 FY2026, the completion of Park Ward Village generated approximately $227 million in net proceeds after repaying the construction loan.
Master-planned community earnings before taxes rose 32% year over year to $134.7 million in Q2 FY2026. New home sales also increased 12%, including 34% in The Woodlands Hills and 17% in Bridgeland. Management estimated the remaining margin value of the wholly owned land bank at approximately $5.6 billion, excluding future opportunities at Teravalis and Floreo.
Vantage's investment portfolio totaled approximately $3.4 billion at the transaction's closing and was initially allocated to fixed-income securities. By June 30, 2026, more than 60% was allocated to short-term U.S. Treasury securities, while public equities totaled approximately $1.1 billion, or nearly one-third, before the equity allocation increased to approximately 40%, according to the August 6, 2026 call. The plan is to cover net insurance reserves with short-term Treasury securities plus a margin of safety, then invest the balance in large public equities, targeting an equity allocation of at least 50% over time.
Vantage's combined ratio was approximately 101.6% in Q2 FY2026, reflecting the impact of catastrophe losses and prior reserve development, while management said competition had increased and pricing had declined from its peak in parts of the insurance market. Increasing the portfolio's public equity allocation to approximately 40% by the August 6, 2026 call also raises investment-result volatility, and the equity portfolio declined 3% while it was being built through June 30, 2026. In real estate, land sales and condominium deliveries remain intermittent, while adjusted free cash flow after maintenance for operating assets declined modestly because of leasing expenditures and higher interest expense.,
