Real Estate - Diversified
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HHH vs FCPT
Revenue, margins, valuation, and 5-year total return — side by side.
REIT - Retail
HHH vs FCPT — Key Financials
Market cap, revenue, margins, and valuation side-by-side.
| Company Snapshot | ||
|---|---|---|
| Industry | Real Estate - Diversified | REIT - Retail |
| Market Cap | $3.79B | $2.80B |
| Revenue (TTM) | $1.51B | $301M |
| Net Income (TTM) | $122M | $117M |
| Gross Margin | 11.1% | 98.0% |
| Operating Margin | 17.0% | 56.0% |
| Forward P/E | 18.2x | 21.8x |
| Total Debt | $5.11B | $1.21B |
| Cash & Equiv. | $1.47B | $12M |
HHH vs FCPT — Long-Term Stock Performance
Price return indexed to 100 at period start. Dividends excluded.
| Stock | May 20 | May 26 | Return |
|---|---|---|---|
| Howard Hughes Holdi… (HHH) | 100 | 131.6 | +31.6% |
| Four Corners Proper… (FCPT) | 100 | 117.8 | +17.8% |
Price return only. Dividends and distributions are not included.
Quick Verdict: HHH vs FCPT
Each card shows where this stock fits in a portfolio — not just who wins on paper.
HHH is the clearest fit if your priority is value.
- Lower P/E (18.2x vs 21.8x)
FCPT carries the broadest edge in this set and is the clearest fit for income & stability and growth exposure.
- Dividend streak 8 yrs, beta 0.14, yield 5.5%
- Rev growth 9.7%, EPS growth 1.9%, 3Y rev CAGR 9.6%
- 99.1% 10Y total return vs HHH's -32.8%
See the full category breakdown
| Category | Winner | Why |
|---|---|---|
| Growth | 9.7% FFO/revenue growth vs HHH's -15.8% | |
| Value | Lower P/E (18.2x vs 21.8x) | |
| Quality / Margins | 38.7% margin vs HHH's 8.0% | |
| Stability / Safety | Beta 0.14 vs HHH's 0.99, lower leverage | |
| Dividends | 5.5% yield; 8-year raise streak; the other pay no meaningful dividend | |
| Momentum (1Y) | -3.0% vs HHH's -7.5% | |
| Efficiency (ROA) | 4.1% ROA vs HHH's 1.1%, ROIC 4.5% vs 2.6% |
HHH vs FCPT — Revenue Breakdown by Segment
How each company's revenue is distributed across its business units
Segment breakdown not available.
HHH vs FCPT — Financial Metrics
Side-by-side numbers across 2 stocks — who leads on profitability, valuation, growth, and risk.
Income & Cash Flow (Last 12 Months)
FCPT leads this category, winning 5 of 6 comparable metrics.
Income & Cash Flow (Last 12 Months)
HHH is the larger business by revenue, generating $1.5B annually — 5.0x FCPT's $301M. FCPT is the more profitable business, keeping 38.7% of every revenue dollar as net income compared to HHH's 8.0%. On growth, HHH holds the edge at +18.4% YoY revenue growth, suggesting stronger near-term business momentum.
| Metric | ||
|---|---|---|
| RevenueTrailing 12 months | $1.5B | $301M |
| EBITDAEarnings before interest/tax | $443M | $231M |
| Net IncomeAfter-tax profit | $122M | $117M |
| Free Cash FlowCash after capex | $453M | $188M |
| Gross MarginGross profit ÷ Revenue | +11.1% | +98.0% |
| Operating MarginEBIT ÷ Revenue | +17.0% | +56.0% |
| Net MarginNet income ÷ Revenue | +8.0% | +38.7% |
| FCF MarginFCF ÷ Revenue | +30.0% | +62.5% |
| Rev. Growth (YoY)Latest quarter vs prior year | +18.4% | +9.4% |
| EPS Growth (YoY)Latest quarter vs prior year | -33.3% | +7.7% |
Valuation Metrics
HHH leads this category, winning 5 of 6 comparable metrics.
Valuation Metrics
At 23.4x trailing earnings, FCPT trades at a 23% valuation discount to HHH's 30.2x P/E. On an enterprise value basis, HHH's 17.0x EV/EBITDA is more attractive than FCPT's 17.8x.
| Metric | ||
|---|---|---|
| Market CapShares × price | $3.8B | $2.8B |
| Enterprise ValueMkt cap + debt − cash | $7.4B | $4.0B |
| Trailing P/EPrice ÷ TTM EPS | 30.25x | 23.37x |
| Forward P/EPrice ÷ next-FY EPS est. | 18.20x | 21.81x |
| PEG RatioP/E ÷ EPS growth rate | — | 118.24x |
| EV / EBITDAEnterprise value multiple | 17.02x | 17.81x |
| Price / SalesMarket cap ÷ Revenue | 2.57x | 9.51x |
| Price / BookPrice ÷ Book value/share | 0.98x | 1.61x |
| Price / FCFMarket cap ÷ FCF | 8.59x | 14.54x |
Profitability & Efficiency
FCPT leads this category, winning 9 of 9 comparable metrics.
Profitability & Efficiency
FCPT delivers a 7.4% return on equity — every $100 of shareholder capital generates $7 in annual profit, vs $3 for HHH. FCPT carries lower financial leverage with a 0.74x debt-to-equity ratio, signaling a more conservative balance sheet compared to HHH's 1.33x. On the Piotroski fundamental quality scale (0–9), FCPT scores 7/9 vs HHH's 5/9, reflecting strong financial health.
| Metric | ||
|---|---|---|
| ROE (TTM)Return on equity | +3.2% | +7.4% |
| ROA (TTM)Return on assets | +1.1% | +4.1% |
| ROICReturn on invested capital | +2.6% | +4.5% |
| ROCEReturn on capital employed | +2.7% | +6.0% |
| Piotroski ScoreFundamental quality 0–9 | 5 | 7 |
| Debt / EquityFinancial leverage | 1.33x | 0.74x |
| Net DebtTotal debt minus cash | $3.6B | $1.2B |
| Cash & Equiv.Liquid assets | $1.5B | $12M |
| Total DebtShort + long-term debt | $5.1B | $1.2B |
| Interest CoverageEBIT ÷ Interest expense | 1.93x | 3.17x |
Total Returns (Dividends Reinvested)
FCPT leads this category, winning 6 of 6 comparable metrics.
Total Returns (Dividends Reinvested)
A $10,000 investment in FCPT five years ago would be worth $11,715 today (with dividends reinvested), compared to $6,353 for HHH. Over the past 12 months, FCPT leads with a -3.0% total return vs HHH's -7.5%. The 3-year compound annual growth rate (CAGR) favors FCPT at 4.5% vs HHH's -2.8% — a key indicator of consistent wealth creation.
| Metric | ||
|---|---|---|
| YTD ReturnYear-to-date | -19.4% | +11.2% |
| 1-Year ReturnPast 12 months | -7.5% | -3.0% |
| 3-Year ReturnCumulative with dividends | -8.3% | +14.0% |
| 5-Year ReturnCumulative with dividends | -36.5% | +17.2% |
| 10-Year ReturnCumulative with dividends | -32.8% | +99.1% |
| CAGR (3Y)Annualised 3-year return | -2.8% | +4.5% |
Risk & Volatility
FCPT leads this category, winning 2 of 2 comparable metrics.
Risk & Volatility
FCPT is the less volatile stock with a 0.14 beta — it tends to amplify market swings less than HHH's 0.99 beta. A beta below 1.0 means the stock typically moves less than the S&P 500. FCPT currently trades 90.5% from its 52-week high vs HHH's 69.7% drawdown — a narrower gap to the peak suggests stronger recent price momentum.
| Metric | ||
|---|---|---|
| Beta (5Y)Sensitivity to S&P 500 | 0.99x | 0.14x |
| 52-Week HighHighest price in past year | $91.07 | $28.14 |
| 52-Week LowLowest price in past year | $61.01 | $22.78 |
| % of 52W HighCurrent price vs 52-week peak | +69.7% | +90.5% |
| RSI (14)Momentum oscillator 0–100 | 49.2 | 55.6 |
| Avg Volume (50D)Average daily shares traded | 498K | 658K |
Analyst Outlook
FCPT leads this category, winning 1 of 1 comparable metric.
Analyst Outlook
Wall Street rates HHH as "Buy" and FCPT as "Hold". Consensus price targets imply 37.8% upside for HHH (target: $88) vs 6.0% for FCPT (target: $27). FCPT is the only dividend payer here at 5.49% yield — a key consideration for income-focused portfolios.
| Metric | ||
|---|---|---|
| Analyst RatingConsensus buy/hold/sell | Buy | Hold |
| Price TargetConsensus 12-month target | $87.50 | $27.00 |
| # AnalystsCovering analysts | 5 | 15 |
| Dividend YieldAnnual dividend ÷ price | — | +5.5% |
| Dividend StreakConsecutive years of raises | 0 | 8 |
| Dividend / ShareAnnual DPS | — | $1.40 |
| Buyback YieldShare repurchases ÷ mkt cap | +0.1% | 0.0% |
FCPT leads in 5 of 6 categories (Income & Cash Flow, Profitability & Efficiency). HHH leads in 1 (Valuation Metrics).
HHH vs FCPT: Frequently Asked Questions
10 questions · data-driven answers · updated daily
01Is HHH or FCPT a better buy right now?
For growth investors, Four Corners Property Trust, Inc.
(FCPT) is the stronger pick with 9. 7% revenue growth year-over-year, versus -15. 8% for Howard Hughes Holdings Inc. (HHH). Four Corners Property Trust, Inc. (FCPT) offers the better valuation at 23. 4x trailing P/E (21. 8x forward), making it the more compelling value choice. Analysts rate Howard Hughes Holdings Inc. (HHH) a "Buy" — based on 5 analyst ratings — the highest consensus in this comparison. The "better buy" depends entirely on your goals: growth investors should weight revenue trajectory, value investors should weight P/E and PEG, and income investors should weight dividend yield and streak.
02Which has the better valuation — HHH or FCPT?
On trailing P/E, Four Corners Property Trust, Inc.
(FCPT) is the cheapest at 23. 4x versus Howard Hughes Holdings Inc. at 30. 2x. On forward P/E, Howard Hughes Holdings Inc. is actually cheaper at 18. 2x — notably different from the trailing picture, reflecting expected earnings growth.
03Which is the better long-term investment — HHH or FCPT?
Over the past 5 years, Four Corners Property Trust, Inc.
(FCPT) delivered a total return of +17. 2%, compared to -36. 5% for Howard Hughes Holdings Inc. (HHH). Over 10 years, the gap is even starker: FCPT returned +99. 1% versus HHH's -32. 8%. Past returns do not guarantee future results, and the stock with the higher historical return may already have its best growth priced in.
04Which is safer — HHH or FCPT?
By beta (market sensitivity over 5 years), Four Corners Property Trust, Inc.
(FCPT) is the lower-risk stock at 0. 14β versus Howard Hughes Holdings Inc. 's 0. 99β — meaning HHH is approximately 595% more volatile than FCPT relative to the S&P 500. On balance sheet safety, Four Corners Property Trust, Inc. (FCPT) carries a lower debt/equity ratio of 74% versus 133% for Howard Hughes Holdings Inc. — giving it more financial flexibility in a downturn.
05Which is growing faster — HHH or FCPT?
By revenue growth (latest reported year), Four Corners Property Trust, Inc.
(FCPT) is pulling ahead at 9. 7% versus -15. 8% for Howard Hughes Holdings Inc. (HHH). On earnings-per-share growth, the picture is similar: Four Corners Property Trust, Inc. grew EPS 1. 9% year-over-year, compared to -47. 0% for Howard Hughes Holdings Inc.. Over a 3-year CAGR, FCPT leads at 9. 6% annualised revenue growth. Higher growth typically commands a higher valuation multiple — check whether the premium P/E or P/S is justified by the growth rate using the PEG ratio.
06Which has better profit margins — HHH or FCPT?
Four Corners Property Trust, Inc.
(FCPT) is the more profitable company, earning 38. 2% net margin versus 8. 4% for Howard Hughes Holdings Inc. — meaning it keeps 38. 2% of every revenue dollar as bottom-line profit. Operating margin tells a similar story: FCPT leads at 55. 7% versus 17. 2% for HHH. At the gross margin level — before operating expenses — FCPT leads at 95. 4%, reflecting greater pricing power or product mix advantage. Stronger margins indicate durable pricing power, lower cost of revenue, or higher mix of software/services. They are one of the clearest signs of business quality.
07Is HHH or FCPT more undervalued right now?
On forward earnings alone, Howard Hughes Holdings Inc.
(HHH) trades at 18. 2x forward P/E versus 21. 8x for Four Corners Property Trust, Inc. — 3. 6x cheaper on a one-year earnings basis. Analyst consensus price targets imply the most upside for HHH: 37. 8% to $87. 50.
08Which pays a better dividend — HHH or FCPT?
In this comparison, FCPT (5.
5% yield) pays a dividend. HHH does not pay a meaningful dividend and should not be held primarily for income.
09Is HHH or FCPT better for a retirement portfolio?
For long-horizon retirement investors, Four Corners Property Trust, Inc.
(FCPT) is the stronger choice — it scores higher on the combination of lower volatility, dividend reliability, and long-term compounding (low volatility (β 0. 14), 5. 5% yield). Both have compounded well over 10 years (FCPT: +99. 1%, HHH: -32. 8%), confirming both are viable long-term holds — but the lower-volatility option typically results in less emotional selling during corrections. Retirement portfolios generally favour predictability over maximum returns. Consult a financial advisor before making allocation decisions.
10What are the main differences between HHH and FCPT?
Both stocks operate in the Real Estate sector, making this a peer-level intra-sector comparison — the same macro tailwinds and headwinds will affect both.
In terms of investment character: HHH is a small-cap quality compounder stock; FCPT is a small-cap income-oriented stock. FCPT pays a dividend while HHH does not, making them suitable for different income and tax situations. These fundamental differences mean investors should not choose between them on a single metric — the "better stock" depends entirely on which of these characteristics aligns with your investment strategy.
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