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  "documentTitle": "Howard Hughes Holdings Inc. (HHH)",
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  "authorName": "William Ackman",
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  "presentationDate": "2025-02-18 00:00:00",
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      "text": "Similar to Pershing Square's large ownership interest in HHH post-transaction, Brookfield Corporation (NYSE: BN), the sponsor, holds large ownership stakes in BIP, BEP, and BBU",
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      "text": "Brookfield Infrastructure Partners (BIP): $26B Cap, 26% Ownership, 2008. Brookfield Renewable Energy Partners (BEP): $17B Cap, 46% Ownership, 2011. Brookfield Business Partners (BBU): $5B Cap, 66% Ownership, 2016.",
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      "text": "Source: BIP, BEP, BBU, BN Quarterly Filings as of December 31, 2024. BIP, BEP and BBU capitalization figures reflect average quarterly capitalization over 2024.",
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      "text": "Fee Comparables: Brookfield's Listed Entities",
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