Five Point Holdi Stock Price, News & Analysis

Five Point Holdings (NYSE:FPH) has announced a definitive agreement to acquire a 75% controlling interest in a new entity, Hearthstone Residential Holdings, LLC, incorporating Hearthstone Inc.'s business operations. Hearthstone, founded in 1992, manages $2.6 billion in assets and has funded over 173,000 homes and lots totaling $21 billion across 750 transactions. The new venture will maintain Hearthstone's existing management team, with founder Mark Porath retaining 25% ownership. This strategic partnership aims to expand flexible capital solutions for homebuilders pursuing land-light strategies. Hearthstone's business includes land banking programs for public homebuilders, joint venture financing, and advisory services. The acquisition, expected to close by Q3 2025, will create new revenue streams for Five Point while leveraging Hearthstone's market expertise and relationships in the homebuilding industry.

Five Point Holdings (NYSE:FPH) reported strong Q1 2025 results with consolidated net income of $60.6 million and revenues of $13.2 million. The Great Park Venture sold 325 homesites on 23.6 acres for $278.9 million, generating distributions of $143.3 million to the Company.

Key financial metrics include cash and cash equivalents of $528.3 million and total liquidity of $653.3 million as of March 31, 2025. The company maintained a healthy debt to total capitalization ratio of 19.2%. Builder sales remained strong with 233 homes at Great Park and 69 homes at Valencia during the quarter.

Despite market uncertainties due to elevated mortgage rates and recent tariff policies, the company maintains its 2025 guidance of nearly $200 million in consolidated annual net income, citing materially undersupplied housing markets in their operating regions.

Five Point Holdings (NYSE:FPH), a developer of mixed-use planned communities in California, has scheduled its first quarter 2025 earnings conference call for Thursday, April 24, 2025, at 5:00 p.m. Eastern Time.

Investors can access the call through multiple channels: a live webcast on the company's investor relations website, by phone using domestic (877) 451-6152 or international (201) 389-0879 numbers, or via an automated callback service. A replay will be available until May 3, 2025, at 11:59 p.m. Eastern Time using (844) 512-2921 for domestic or (412) 317-6671 for international calls.

Five Point Holdings (NYSE:FPH) reported strong Q4 2024 results with consolidated net income of $121.0 million and full-year net income of $177.6 million. The company achieved significant land sales in both Valencia and Great Park communities, with Valencia selling 493 homesites for $137.9 million and Great Park Venture selling 372 homesites for $309.3 million in Q4.

The company ended 2024 with $430.9 million in cash and total liquidity of $555.9 million. The debt to total capitalization ratio stood at 19.6%. Great Park Venture contributed significantly with total distributions and incentive compensation payments of $231.0 million to the company throughout the year. The Gateway Commercial Venture sold its remaining interests in the Five Point Gateway Campus, resulting in a $17.2 million distribution to the company.

Management expects approximately 10% earnings growth in 2025, projecting to approach $200 million in net income.

Five Point Holdings (NYSE:FPH) has scheduled its fourth quarter and year-end 2024 earnings conference call for Thursday, January 23, 2025, at 5:00 p.m. Eastern Time. The company, which develops large mixed-use planned communities in California, will provide multiple ways to access the call, including a live webcast on their investor relations website and telephone access for both domestic and international participants. A replay of the call will be available until February 1, 2025, at 11:59 p.m. Eastern Time.

Five Point Holdings, (NYSE:FPH) reported its third quarter 2024 results, highlighting strong performance and financial stability. The company achieved consolidated net income of $12.3 million, marking its sixth consecutive profitable quarter. Key highlights include:

- Great Park Venture closed two retail commercial land sales totaling 12.8 acres for $25.4 million
- Great Park Venture distributions and incentive compensation payments to the Company totaled $49.4 million
- Great Park builder sales of 166 homes and Valencia builder sales of 89 homes
- Consolidated revenues of $17.0 million
- Cash and cash equivalents of $224.5 million as of September 30, 2024
- Debt to total capitalization ratio of 20.5% and liquidity of $349.5 million

The company renewed its development management agreement with Great Park Venture through December 31, 2026, and expects to close land sales in both active communities in Q4 2024.

Five Point Holdings, (NYSE:FPH), a developer of large mixed-use planned communities in coastal California, has announced changes to its Board of Directors. Sam Levinson, Chief Investment Officer at Glick Family Investments, has been appointed to the Board following Glick's acquisition of Castlelake's equity interests in the Company. Concurrently, Evan Carruthers of Castlelake will step down from the Board.

Stuart Miller, Executive Chairman, expressed gratitude for Carruthers' contributions. Sam Levinson stated his belief in the Company's potential and excitement about growth opportunities. CEO Dan Hedigan welcomed Levinson, citing his success and experience in real estate investments as valuable assets for the Company's future.

Five Point Holdings, (NYSE:FPH), a developer of large mixed-use planned communities in California, has scheduled its third quarter 2024 earnings announcement and investor conference call for Thursday, October 17, 2024, at 5:00 p.m. Eastern Time. Investors can access the call via:

• Live Internet audio webcast on Five Point's website
• Dialing (877) 451-6152 (domestic) or (201) 389-0879 (international)
• Requesting a return call through a provided link

A telephonic replay will be available approximately three hours after the call ends until October 26, 2024, at 11:59 p.m. Eastern Time. The replay can be accessed by dialing (844) 512-2921 for domestic callers or (412) 317-6671 for international callers, using the passcode 13749390.

Five Point Holdings, (NYSE:FPH) reported strong Q2 2024 results, with consolidated net income of $38.2 million on revenues of $51.2 million. The Great Park Venture sold 105 homesites for $96.1 million, with the company receiving $29.7 million in distributions and incentive compensation. Despite challenging economic conditions, residential land sale pricing appreciated significantly, especially in Great Park Neighborhoods. The company ended the quarter with $217.4 million in cash and cash equivalents and a debt to total capitalization ratio of 20.6%. Management expects a strong finish to 2024, projecting consolidated annual net income over $100 million and year-end cash exceeding $300 million.