Howard Hughes Holdings Inc. (HHH) Shareholder/Analyst Call Transcript

SA Transcripts 162.37K Followers Follow Howard Hughes Holdings Inc. ( HHH ) Shareholder/Analyst Call September 30, 2026 9:00 AM EDT Company Participants William Ackman - Executive Chairman Marc Grandisson - Executive Chairman Ryan Israel - Chief Investment Officer & Director David O'Reilly - CEO & Director Carlos Olea - Chief Financial Officer Conference Call Participants Guy Baron David Samra Meyer Shields - Keefe, Bruyette, & Woods, Inc., Research Division Edmundo Yépez - Armada Capital LLC Li Jing John Helmers - Long Focus Capital Management LLC Kavish Singhal Elliot Dashef Suleman Soorani Girish Bhakoo - TenCore Partners, LP Harry Fong - ROTH Capital Partners, LLC, Research Division Presentation William Ackman Executive Chairman Okay. Welcome. So, the plan is, the, kind of, formal shareholder meeting we'll do first. We'll close the shareholder meeting once we cover the materials, and we're going to have Q&A with the team. We've got Ryan Israel, CIO of the company; Marc Grandisson, who is Executive Chair of Vantage. Yes, exactly. And David O'Reilly, CEO of Howard Hughes. And I'm Bill Ackman, Executive Chair of Howard Hughes. Okay. Good morning. Today, we're going to vote on 3 items: election of directors, an advisory vote on executive compensation. By the way, I can't see our directors. Where are our directors? They're hiding here somewhere. There we go. And ratification of KPMG as our independent auditor for 2026. As of the record date, August 17, 2026, there were 59,719,462 shares of common stock. By the way, if we could end the house music, I think there's music. Okay. Apologies for that. We've informed that -- we've been informed that approximately 82% of those shares are represented here in person or by proxy. So, a quorum is present, and the meeting has been duly convened. If you'd like to ask a question or comment, please raise your hand and wait to be recognized. Questions will be with respect to just the annual meeting. Afterwards, we'll have open Q&A on the company or any topics that you have.