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Howard Hughes Holdings (Howard Hughes Holdings) ROE %

: 4.61% (As of Dec. 2023)
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ROE % is calculated as Net Income divided by its average Total Stockholders Equity over a certain period of time. Howard Hughes Holdings's annualized net income for the quarter that ended in Dec. 2023 was $137 Mil. Howard Hughes Holdings's average Total Stockholders Equity over the quarter that ended in Dec. 2023 was $2,978 Mil. Therefore, Howard Hughes Holdings's annualized ROE % for the quarter that ended in Dec. 2023 was 4.61%.

The historical rank and industry rank for Howard Hughes Holdings's ROE % or its related term are showing as below:

HHH' s ROE % Range Over the Past 10 Years
Min: -16.89   Med: 2.09   Max: 8.21
Current: -16.7

During the past 13 years, Howard Hughes Holdings's highest ROE % was 8.21%. The lowest was -16.89%. And the median was 2.09%.

HHH's ROE % is ranked worse than
87.87% of 1780 companies
in the Real Estate industry
Industry Median: 2.95 vs HHH: -16.70

Howard Hughes Holdings ROE % Historical Data

The historical data trend for Howard Hughes Holdings's ROE % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Howard Hughes Holdings Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
ROE %
Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 2.36 -0.76 1.51 5.09 -16.89

Howard Hughes Holdings Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
ROE % Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 6.01 -2.58 -2.18 -67.32 4.61

Competitive Comparison

For the Real Estate - Diversified subindustry, Howard Hughes Holdings's ROE %, along with its competitors' market caps and ROE % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Howard Hughes Holdings ROE % Distribution

For the Real Estate industry and Real Estate sector, Howard Hughes Holdings's ROE % distribution charts can be found below:

* The bar in red indicates where Howard Hughes Holdings's ROE % falls into.



Howard Hughes Holdings ROE % Calculation

Howard Hughes Holdings's annualized ROE % for the fiscal year that ended in Dec. 2023 is calculated as

ROE %=Net Income (A: Dec. 2023 )/( (Total Stockholders Equity (A: Dec. 2022 )+Total Stockholders Equity (A: Dec. 2023 ))/ count )
=-551.773/( (3540.499+2992.871)/ 2 )
=-551.773/3266.685
=-16.89 %

Howard Hughes Holdings's annualized ROE % for the quarter that ended in Dec. 2023 is calculated as

ROE %=Net Income (Q: Dec. 2023 )/( (Total Stockholders Equity (Q: Sep. 2023 )+Total Stockholders Equity (Q: Dec. 2023 ))/ count )
=137.184/( (2963.895+2992.871)/ 2 )
=137.184/2978.383
=4.61 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

In the calculation of annual ROE %, the net income of the last fiscal year and the average total shareholder equity over the fiscal year are used. In calculating the quarterly data, the net income data used here is four times the quarterly (Dec. 2023) net income data. ROE % is displayed in the 30-year financial page.


Howard Hughes Holdings  (NYSE:HHH) ROE % Explanation

ROE % measures the rate of return on the ownership interest (shareholder's equity) of the common stock owners. It measures a firm's efficiency at generating profits from every unit of shareholders' equity (also known as net assets or assets minus liabilities). ROE % shows how well a company uses investment funds to generate earnings growth. ROE %s between 15% and 20% are considered desirable.

The factors that affect a company's ROE % can be illustrated with the three-step DuPont Analysis:

ROE %(Q: Dec. 2023 )
=Net Income/Total Stockholders Equity
=137.184/2978.383
=(Net Income / Revenue )*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(137.184 / 1343.352)*(1343.352 / 9474.0605)*(9474.0605 / 2978.383)
=Net Margin %*Asset Turnover*Equity Multiplier
=10.21 %*0.1418*3.1809
=ROA %*Equity Multiplier
=1.45 %*3.1809
=4.61 %

With this breakdown, it is clear that if a company grows its Net Profit Margin, its Asset Turnover, or its Leverage, it can grow its ROE %.

The factors that affect a company's ROE % can also be illustrated with the five-step DuPont Analysis:

ROE %(Q: Dec. 2023 )
=Net Income/Total Stockholders Equity
=137.184/2978.383
=(Net Income / Pre-Tax Income) * (Pre-Tax Income / Operating Income) * (Operating Income / Revenue) * (Revenue / Total Assets) * (Total Assets / Total Stockholders Equity)
= (137.184 / 128.12) * (128.12 / 303.568) * (303.568 / 1343.352) * (1343.352 / 9474.0605) * (9474.0605 / 2978.383)
= Tax Burden * Interest Burden * Operating Margin % * Asset Turnover * Equity Multiplier
= 1.0707 * 0.422 * 22.6 % * 0.1418 * 3.1809
=4.61 %

Note: The net income data used here is four times the quarterly (Dec. 2023) net income data. The Revenue data used here is four times the quarterly (Dec. 2023) revenue data. The same rule applies to Pre-Tax Income and Operating Income.
* In the five-step DuPont Analysis, Operating Income is only available for non-financial companies. Thus, for Insurance companies, we use EBIT as a substitution of Operating Income. For Banks, both Operating Income and EBIT is unavailable. Thus we combined Interest Burden and Operating Margin % into Pretax Margin %, and the DuPont Analysis is divided into four components instead.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Be Aware

Net Income is used.

Because a company can increase its ROE % by having more financial leverage, it is important to watch the equity multiplier when investing in high ROE % companies. Like ROA %, ROE % is calculated with only 12 months data. Fluctuations in company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective.

Asset light businesses require very few assets to generate very high earnings. Their ROE %s can be extremely high.


Howard Hughes Holdings ROE % Related Terms

Thank you for viewing the detailed overview of Howard Hughes Holdings's ROE % provided by GuruFocus.com. Please click on the following links to see related term pages.


Howard Hughes Holdings (Howard Hughes Holdings) Business Description

Traded in Other Exchanges
Address
9950 Woodloch Forest Drive, Suite 1100, 11th Floor, The Woodlands, TX, USA, 77380
Howard Hughes Holdings Inc owns, manages, and develops commercial, residential, and mixed-use real estate throughout the USA. Its portfolio is strategically positioned to meet and accelerate development based on market demand, resulting in one of the strongest real estate platforms in the country.
Executives
Douglas Johnstone officer: Regional President, Hawaii ONE GALLERIA TOWER, 13355 NOEL ROAD, 22ND FOOR, DALLAS TX 75240
Pershing Square Capital Management, L.p. director, 10 percent owner 787 11TH AVENUE, 9TH FLOOR, NEW YORK NY 10019
Zachary Winick officer: CO-PRESIDENT, NEW YORK REGION C/O THE HOWARD HUGHES CORPORATION, 199 WATER STREET, 28TH FLOOR, NEW YORK NY 10038
Elena Verbinskaya officer: Chief Accounting Officer C/O IPSCO TUBULARS INC., 10120 HOUSTON OAKS DRIVE, HOUSTON TX 77064
Kristi Smith officer: President, Columbia 9950 WOODLOCH FOREST DRIVE, SUITE 1100, THE WOODLANDS TX 77380
William A Ackman director, 10 percent owner 787 - 11TH AVENUE, 9TH FLOOR, NEW YORK NY 10019
Ps Management Gp, Llc director, 10 percent owner 787 - 11TH AVENUE, 9TH FLOOR, NEW YORK NY 10019
Frank Stephan officer: PRESIDENT, NEVADA 9950 WOODLOCH FOREST DRIVE, SUITE 1100, THE WOODLANDS TX 77380
Anthony Williams director 9950 WOODLOCH FOREST DRIVE, SUITE 1100, THE WOODLANDS TX 77380
David Eun director 9950 WOODLOCH FOREST DRIVE, SUITE 1100, THE WOODLANDS TX 77380
David Michael Striph officer: EVP, Head of Operations ONE GALLERIA TOWER, 13355 NOEL ROAD, 22ND FLOOR, DALLAS TX 75240
Andrew Schwartz officer: CO-PRESIDENT, NEW YORK REGION C/O THE HOWARD HUGHES CORPORATION, 199 WATER STREET, 28TH FLOOR, NEW YORK NY 10038
Heath Melton officer: PRESIDENT, PHOENIX REGION 9950 WOODLOCH FOREST DRIVE, SUITE 1100, THE WOODLANDS TX 77381
Carlos A. Olea officer: CHIEF FINANCIAL OFFICER 9950 WOODLOCH FOREST DRIVE, SUITE 1100, THE WOODLANDS TX 77381
L Jay Cross officer: President 233 SOUTH WACKER DRIVE, SUITE 4600, CHICAGO IL 60606

Howard Hughes Holdings (Howard Hughes Holdings) Headlines