Five Point Holdi Stock Price, News & Analysis

Five Point Holdings (NYSE:FPH) reported its Q2 2021 results, highlighting strong demand in the housing market. The Company sold 774 homesites, generating $328.2 million and received $98.3 million from distributions related to the Great Park Venture. Total liquidity was $361.2 million. However, the Company faced a consolidated net loss of $4.9 million for the quarter, attributable partly to $19.2 million in selling and administrative expenses. Interest in their communities remains robust, with ten neighborhoods in Valencia set to open this fall.

Five Point Holdings (NYSE:FPH) will host a conference call on August 5, 2021, at 5:00 p.m. ET to discuss its Q2 2021 financial results. Participants can join via the Five Point website or by dialing the provided numbers for domestic and international access. The call will feature insights on the company's progress in developing large mixed-use planned communities across California, including approximately 40,000 residential homes and 23 million square feet of commercial space.

Five Point Holdings (NYSE:FPH) reported its Q1 2021 results, highlighting robust home sales at Great Park Neighborhoods, over twice that of 2020. The company has total liquidity of $354.3 million, with $229.7 million in cash. Revenues for the quarter were $13.2 million, largely from management services. However, the net loss was reported at $21.0 million, with $9.8 million attributable to the Company. The growing interest in housing amid low rates is seen as a positive factor, with significant developments underway in Valencia.

Five Point Holdings (NYSE:FPH) is set to hold a conference call on May 10, 2021, at 5:00 p.m. ET to discuss its Q1 2021 financial results. This call is part of their ongoing communication efforts with investors and stakeholders. Interested parties can access a live webcast on the company’s website or join via phone. A replay will be available for two weeks after the event. Five Point focuses on large mixed-use, master-planned communities in California, integrating residential, commercial, and public amenities, aiming to contribute significantly to regional development.

Five Point Holdings (NYSE: FPH) reported its fourth quarter 2020 results, highlighting a consolidated net income of $3.7 million and total revenues of $111.7 million. The company focused on strengthening its balance sheet and preserving asset value during the pandemic. As of December 31, 2020, Five Point held $422.8 million in total liquidity. Notably, $105.5 million of revenues stemmed from land sales at the Valencia segment, despite losses from unconsolidated entities totaling $3.1 million. The company remains optimistic about 2021, citing a strong housing market and increased demand for its communities.

Five Point Holdings (NYSE:FPH) is set to hold a conference call on March 17, 2021, at 2:00 p.m. ET to discuss its fourth quarter and year-end 2020 financial results. Investors can access the call via the Five Point website or by phone. The company is known for developing large, mixed-use communities in California, with projects including Great Park Neighborhoods and Valencia. Five Point's developments aim to include around 40,000 residential homes and 23 million square feet of commercial space, enhancing urban living and community integration.

Five Point Holdings (NYSE:FPH) has announced the sale of 487 homesites in its Valencia community, generating a gross purchase price of $115 million. The first phase will comprise 1,268 homesites across 18 neighborhoods, catering to various buyers with homes sized between 775 and 3,680 square feet. Five homebuilders are involved in this phase, including KB Home and Lennar. Valencia aims to be the largest home provider in Los Angeles County, with plans for approximately 21,000 homes and significant commercial space. Financial results from these transactions will appear in the next earnings report.

Five Point Holdings (NYSE:FPH) announced its Q3 2020 results, showcasing a cash position improvement of $55 million and a consolidated net income of $36.4 million. The company reported revenues of $8.4 million, mainly from management services, while equity earnings from unconsolidated entities reached $52.4 million. Despite a net loss of $10.2 million in the Great Park segment, the overall financial health appeared strong with total liquidity of $395.2 million. Emile Haddad highlighted market strength and home price appreciation in key California areas.

Five Point Holdings (NYSE: FPH) will hold a conference call on November 10, 2020, at 5:00 p.m. ET to discuss its Q3 financial results. The call can be accessed via a live audio webcast on the company’s website or by phone at 866-248-8441 (domestic) and 720-452-9102 (international). A replay will be available after the call until November 24, 2020. Five Point develops large mixed-use communities in California, including projects in Orange County, Los Angeles County, and San Francisco, aiming to deliver approximately 40,000 homes and 23 million square feet of commercial space.