HHH
Howard Hughes Holdings Inc.
Real Estate - Diversified
Market Cap$3.82B
5Y Perf.+32.9%
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Stock Comparison
HHH vs IRT
Revenue, margins, valuation, and 5-year total return — side by side.
IRT
Independence Realty Trust, Inc.
REIT - Residential
Market Cap$3.87B
5Y Perf.+66.0%
HHH vs IRT — Key Financials
Market cap, revenue, margins, and valuation side-by-side.
| Company Snapshot | HHH | IRT |
|---|---|---|
| Industry | Real Estate - Diversified | REIT - Residential |
| Market Cap | $3.82B | $3.87B |
| Revenue (TTM) | $1.47B | $662M |
| Net Income (TTM) | $124M | $48M |
| Gross Margin | 18.7% | 20.2% |
| Operating Margin | 17.2% | 17.5% |
| Forward P/E | 18.4x | 100.2x |
| Total Debt | $5.11B | $2.28B |
| Cash & Equiv. | $1.47B | $48M |
HHH vs IRT — Long-Term Stock Performance
Price return indexed to 100 at period start. Dividends excluded.
HHH
IRT
| Stock | May 20 | May 26 | Return |
|---|---|---|---|
| Howard Hughes Holdi… (HHH) | 100 | 132.9 | +32.9% |
| Independence Realty… (IRT) | 100 | 166.0 | +66.0% |
Price return only. Dividends and distributions are not included.
Quick Verdict: HHH vs IRT
Each card shows where this stock fits in a portfolio — not just who wins on paper.
Bottom line: HHH leads in 4 of 7 categories, making it the strongest pick for valuation and capital efficiency and profitability and margin quality. Independence Realty Trust, Inc. is the stronger pick specifically for growth and revenue expansion and capital preservation and lower volatility. As sector peers, any of these can serve as alternatives in the same allocation.
HHH
Howard Hughes Holdings Inc.
The Real Estate Income Play
HHH carries the broadest edge in this set and is the clearest fit for value and quality.
- Lower P/E (18.4x vs 100.2x)
- 8.4% margin vs IRT's 7.3%
- -6.5% vs IRT's -11.8%
Best for: value and quality
IRT
Independence Realty Trust, Inc.
The Real Estate Income Play
IRT is the clearest fit if your priority is income & stability and growth exposure.
- Dividend streak 4 yrs, beta 0.48, yield 4.0%
- Rev growth 2.8%, EPS growth 41.2%, 3Y rev CAGR 1.5%
- 198.6% 10Y total return vs HHH's -32.4%
Best for: income & stability and growth exposure
See the full category breakdown
| Category | Winner | Why |
|---|---|---|
| Growth | IRT | 2.8% FFO/revenue growth vs HHH's -15.8% |
| Value | HHH | Lower P/E (18.4x vs 100.2x) |
| Quality / Margins | HHH | 8.4% margin vs IRT's 7.3% |
| Stability / Safety | IRT | Beta 0.48 vs HHH's 0.99, lower leverage |
| Dividends | IRT | 4.0% yield; 4-year raise streak; the other pay no meaningful dividend |
| Momentum (1Y) | HHH | -6.5% vs IRT's -11.8% |
| Efficiency (ROA) | HHH | 1.2% ROA vs IRT's 0.8%, ROIC 2.6% vs 1.6% |
HHH vs IRT — Revenue Breakdown by Segment
How each company's revenue is distributed across its business units
Segment breakdown not available.
FY 2018
HHH vs IRT — Financial Metrics
Side-by-side numbers across 2 stocks — who leads on profitability, valuation, growth, and risk.
BEST OVERALLIRTLAGGINGHHH
HHHHoward Hughes Holding…
2leads
IRTIndependence Realty T…
3leads
6 Total Categories
CATEGORYLEADERvs HHHMETRICS WON
Income & Cash FlowRevenue, margins, and cash flow strength
Tied
—
Valuation MetricsMultiples, price ratios, and targets
HHH5/6
Profitability & EfficiencyROE, ROIC, leverage, and quality scores
HHH5/9
Total Returns1Y, 3Y, 5Y total returns with dividends
IRT5/6
Risk & VolatilityBeta, volatility, and downside exposure
IRT2/2
Analyst OutlookRatings, price targets, and dividends
IRT1/1
Income & Cash Flow (Last 12 Months)
Evenly matched — HHH and IRT each lead in 3 of 6 comparable metrics.
Income & Cash Flow (Last 12 Months)
HHH is the larger business by revenue, generating $1.5B annually — 2.2x IRT's $662M. Profitability is closely matched — net margins range from 8.4% (HHH) to 7.3% (IRT). On growth, IRT holds the edge at +2.5% YoY revenue growth, suggesting stronger near-term business momentum.
| Metric | HHHHoward Hughes Hol… | IRTIndependence Real… |
|---|---|---|
| RevenueTrailing 12 months | $1.5B | $662M |
| EBITDAEarnings before interest/tax | $437M | $365M |
| Net IncomeAfter-tax profit | $124M | $48M |
| Free Cash FlowCash after capex | $457M | $139M |
| Gross MarginGross profit ÷ Revenue | +18.7% | +20.2% |
| Operating MarginEBIT ÷ Revenue | +17.2% | +17.5% |
| Net MarginNet income ÷ Revenue | +8.4% | +7.3% |
| FCF MarginFCF ÷ Revenue | +31.0% | +21.1% |
| Rev. Growth (YoY)Latest quarter vs prior year | -36.5% | +2.5% |
| EPS Growth (YoY)Latest quarter vs prior year | -96.8% | -101.4% |
Evenly matched — HHH and IRT each lead in 3 of 6 comparable metrics.
Valuation Metrics
HHH leads this category, winning 5 of 6 comparable metrics.
Valuation Metrics
At 30.5x trailing earnings, HHH trades at a 55% valuation discount to IRT's 68.4x P/E. On an enterprise value basis, IRT's 16.7x EV/EBITDA is more attractive than HHH's 17.1x.
| Metric | HHHHoward Hughes Hol… | IRTIndependence Real… |
|---|---|---|
| Market CapShares × price | $3.8B | $3.9B |
| Enterprise ValueMkt cap + debt − cash | $7.5B | $6.1B |
| Trailing P/EPrice ÷ TTM EPS | 30.53x | 68.42x |
| Forward P/EPrice ÷ next-FY EPS est. | 18.37x | 100.18x |
| PEG RatioP/E ÷ EPS growth rate | — | — |
| EV / EBITDAEnterprise value multiple | 17.10x | 16.75x |
| Price / SalesMarket cap ÷ Revenue | 2.59x | 5.88x |
| Price / BookPrice ÷ Book value/share | 0.99x | 1.07x |
| Price / FCFMarket cap ÷ FCF | 8.67x | 26.41x |
HHH leads this category, winning 5 of 6 comparable metrics.
Profitability & Efficiency
HHH leads this category, winning 5 of 9 comparable metrics.
Profitability & Efficiency
HHH delivers a 3.5% return on equity — every $100 of shareholder capital generates $3 in annual profit, vs $1 for IRT. IRT carries lower financial leverage with a 0.64x debt-to-equity ratio, signaling a more conservative balance sheet compared to HHH's 1.33x. On the Piotroski fundamental quality scale (0–9), IRT scores 6/9 vs HHH's 5/9, reflecting solid financial health.
| Metric | HHHHoward Hughes Hol… | IRTIndependence Real… |
|---|---|---|
| ROE (TTM)Return on equity | +3.5% | +1.3% |
| ROA (TTM)Return on assets | +1.2% | +0.8% |
| ROICReturn on invested capital | +2.6% | +1.6% |
| ROCEReturn on capital employed | +2.7% | +2.4% |
| Piotroski ScoreFundamental quality 0–9 | 5 | 6 |
| Debt / EquityFinancial leverage | 1.33x | 0.64x |
| Net DebtTotal debt minus cash | $3.6B | $2.2B |
| Cash & Equiv.Liquid assets | $1.5B | $48M |
| Total DebtShort + long-term debt | $5.1B | $2.3B |
| Interest CoverageEBIT ÷ Interest expense | 1.93x | 1.73x |
HHH leads this category, winning 5 of 9 comparable metrics.
Total Returns (Dividends Reinvested)
IRT leads this category, winning 5 of 6 comparable metrics.
Total Returns (Dividends Reinvested)
A $10,000 investment in IRT five years ago would be worth $12,002 today (with dividends reinvested), compared to $6,520 for HHH. Over the past 12 months, HHH leads with a -6.5% total return vs IRT's -11.8%. The 3-year compound annual growth rate (CAGR) favors IRT at 2.5% vs HHH's -2.6% — a key indicator of consistent wealth creation.
| Metric | HHHHoward Hughes Hol… | IRTIndependence Real… |
|---|---|---|
| YTD ReturnYear-to-date | -18.6% | -5.7% |
| 1-Year ReturnPast 12 months | -6.5% | -11.8% |
| 3-Year ReturnCumulative with dividends | -7.5% | +7.7% |
| 5-Year ReturnCumulative with dividends | -34.8% | +20.0% |
| 10-Year ReturnCumulative with dividends | -32.4% | +198.6% |
| CAGR (3Y)Annualised 3-year return | -2.6% | +2.5% |
IRT leads this category, winning 5 of 6 comparable metrics.
Risk & Volatility
IRT leads this category, winning 2 of 2 comparable metrics.
Risk & Volatility
IRT is the less volatile stock with a 0.48 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. IRT currently trades 83.7% from its 52-week high vs HHH's 70.4% drawdown — a narrower gap to the peak suggests stronger recent price momentum.
| Metric | HHHHoward Hughes Hol… | IRTIndependence Real… |
|---|---|---|
| Beta (5Y)Sensitivity to S&P 500 | 0.99x | 0.48x |
| 52-Week HighHighest price in past year | $91.07 | $19.61 |
| 52-Week LowLowest price in past year | $61.01 | $14.60 |
| % of 52W HighCurrent price vs 52-week peak | +70.4% | +83.7% |
| RSI (14)Momentum oscillator 0–100 | 45.0 | 65.0 |
| Avg Volume (50D)Average daily shares traded | 495K | 2.2M |
IRT leads this category, winning 2 of 2 comparable metrics.
Analyst Outlook
IRT leads this category, winning 1 of 1 comparable metric.
Analyst Outlook
Wall Street rates HHH as "Buy" and IRT as "Buy". Consensus price targets imply 36.5% upside for HHH (target: $88) vs 22.3% for IRT (target: $20). IRT is the only dividend payer here at 4.01% yield — a key consideration for income-focused portfolios.
| Metric | HHHHoward Hughes Hol… | IRTIndependence Real… |
|---|---|---|
| Analyst RatingConsensus buy/hold/sell | Buy | Buy |
| Price TargetConsensus 12-month target | $87.50 | $20.08 |
| # AnalystsCovering analysts | 5 | 27 |
| Dividend YieldAnnual dividend ÷ price | — | +4.0% |
| Dividend StreakConsecutive years of raises | 0 | 4 |
| Dividend / ShareAnnual DPS | — | $0.66 |
| Buyback YieldShare repurchases ÷ mkt cap | +0.1% | +0.8% |
IRT leads this category, winning 1 of 1 comparable metric.
Key Takeaway
IRT leads in 3 of 6 categories (Total Returns, Risk & Volatility). HHH leads in 2 (Valuation Metrics, Profitability & Efficiency). 1 tied.
Best OverallIndependence Realty Trust, … (IRT)Leads 3 of 6 categories
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HHH vs IRT: Frequently Asked Questions
10 questions · data-driven answers · updated daily
01Is HHH or IRT a better buy right now?
For growth investors, Independence Realty Trust, Inc.
(IRT) is the stronger pick with 2. 8% revenue growth year-over-year, versus -15. 8% for Howard Hughes Holdings Inc. (HHH). Howard Hughes Holdings Inc. (HHH) offers the better valuation at 30. 5x trailing P/E (18. 4x 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 IRT?
On trailing P/E, Howard Hughes Holdings Inc.
(HHH) is the cheapest at 30. 5x versus Independence Realty Trust, Inc. at 68. 4x. On forward P/E, Howard Hughes Holdings Inc. is actually cheaper at 18. 4x.
03Which is the better long-term investment — HHH or IRT?
Over the past 5 years, Independence Realty Trust, Inc.
(IRT) delivered a total return of +20. 0%, compared to -34. 8% for Howard Hughes Holdings Inc. (HHH). Over 10 years, the gap is even starker: IRT returned +198. 6% versus HHH's -32. 4%. 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 IRT?
By beta (market sensitivity over 5 years), Independence Realty Trust, Inc.
(IRT) is the lower-risk stock at 0. 48β versus Howard Hughes Holdings Inc. 's 0. 99β — meaning HHH is approximately 104% more volatile than IRT relative to the S&P 500. On balance sheet safety, Independence Realty Trust, Inc. (IRT) carries a lower debt/equity ratio of 64% versus 133% for Howard Hughes Holdings Inc. — giving it more financial flexibility in a downturn.
05Which is growing faster — HHH or IRT?
By revenue growth (latest reported year), Independence Realty Trust, Inc.
(IRT) is pulling ahead at 2. 8% versus -15. 8% for Howard Hughes Holdings Inc. (HHH). On earnings-per-share growth, the picture is similar: Independence Realty Trust, Inc. grew EPS 41. 2% year-over-year, compared to -47. 0% for Howard Hughes Holdings Inc.. Over a 3-year CAGR, IRT leads at 1. 5% 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 IRT?
Independence Realty Trust, Inc.
(IRT) is the more profitable company, earning 8. 6% net margin versus 8. 4% for Howard Hughes Holdings Inc. — meaning it keeps 8. 6% of every revenue dollar as bottom-line profit. Operating margin tells a similar story: IRT leads at 18. 4% versus 17. 2% for HHH. At the gross margin level — before operating expenses — HHH leads at 18. 7%, 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 IRT more undervalued right now?
On forward earnings alone, Howard Hughes Holdings Inc.
(HHH) trades at 18. 4x forward P/E versus 100. 2x for Independence Realty Trust, Inc. — 81. 8x cheaper on a one-year earnings basis. Analyst consensus price targets imply the most upside for HHH: 36. 5% to $87. 50.
08Which pays a better dividend — HHH or IRT?
In this comparison, IRT (4.
0% yield) pays a dividend. HHH does not pay a meaningful dividend and should not be held primarily for income.
09Is HHH or IRT better for a retirement portfolio?
For long-horizon retirement investors, Independence Realty Trust, Inc.
(IRT) is the stronger choice — it scores higher on the combination of lower volatility, dividend reliability, and long-term compounding (low volatility (β 0. 48), 4. 0% yield, +198. 6% 10Y return). Both have compounded well over 10 years (IRT: +198. 6%, HHH: -32. 4%), 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 IRT?
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; IRT is a small-cap income-oriented stock. IRT 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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Revenue Growth>
%
(HHH: -36.5% · IRT: 2.5%)Net Margin>
%
(HHH: 8.4% · IRT: 7.3%)P/E Ratio<
x
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