Pershing Square Activist Presentation Deck
HHC Share Price Performance Since Inception
HHC's share price increased 29% in 2021 and has decreased 7% year-to-
date in 2022(1)
HHC Share Price Performance From 11/9/2010 to 2/8/2022:
Share price
$170
$150
$130
$110
$90
$70
$50
$30
Nov-2010
Sep-2012
Jul-2014
6/27/19: HHC announces its
Board of Directors will be
conducting a detailed review
of strategic alternatives
3/27/20: HHC raises $600mm of equity
at $50/share, including $500mm from
Pershing Square, to stabilize its
balance sheet
May-2016
10/21/19: HHC Board
concludes review
process and announces
transformation plan
Mar-2018
Jan-2020
04/14/21: HHC hosts an Investor
Day, highlighting its simplified
business model and a NAV
valuation framework
Note: The performance of HHC's share price is provided for illustrative purposes only and is not an indication of future returns of the Pershing Square funds.
*Average cost at announcement date. Please see the additional disclaimers and notes to performance results at the end of the presentation.
(1) As of 2/8/2022.
Ingre
$94
12/1/2020: Announces
David O'Reilly as new
CEO and Jay Cross as
new President
$37*
Nov-2021
57View entire presentation