Welcome to our dedicated page for Five Point Holdi news (Ticker: FPH), a resource for investors and traders seeking the latest updates and insights on Five Point Holdi stock.
Five Point Holdings, LLC (FPH) specializes in creating large-scale, master-planned communities that blend residential living with commercial and civic infrastructure across California's coastal markets. This news hub provides investors and stakeholders with essential updates on the company's strategic initiatives and market position.
Access timely announcements regarding land entitlements, project milestones, and financial developments critical to understanding FPH's operations in supply-constrained regions. Our curated collection includes earnings reports, partnership announcements, and community development progress updates.
Discover how FPH navigates complex urban planning challenges through its integrated approach to sustainable development. Regular updates cover Valencia, San Francisco, and Great Park projects – three flagship segments demonstrating the company's expertise in balancing housing needs with commercial viability.
Bookmark this page for streamlined access to verified information about Five Point Holdings' community development strategies, leadership decisions, and regulatory filings. Stay informed about one of California's most significant land developers through our comprehensive news aggregation.
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.
Five Point Holdings (NYSE:FPH) will announce its second quarter 2024 financial results on Thursday, July 18, 2024, at 5:00 p.m. Eastern Time. The announcement will be followed by an investor conference call. Stakeholders can access the live call via the company's website or by dialing in at (877) 451-6152 (domestic) or (201) 389-0879 (international). The call can also be accessed through a return call request link. A replay will be available three hours after the call, accessible until July 27, 2024, by dialing (844) 512-2921 (domestic) or (412) 317-6671 (international), with the passcode 13747738.
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