Five Point Holdi Stock Price, News & Analysis

Five Point Holdings reported its Q4 and year-end 2021 results with consolidated revenues of $182.2 million for Q4 and $224.4 million for the full year. The company closed the sale of 643 homesites in Valencia for $167.3 million and achieved net income of $47.5 million in Q4. Notably, liquidity stood at $390.1 million as of December 31, 2021. CEO Dan Hedigan emphasizes a focus on revenue enhancement and operational efficiencies amid macroeconomic challenges. Total capital reached $1.9 billion, with a debt to total capitalization ratio of 24.7%.

Five Point Holdings (NYSE:FPH) is set to hold a conference call on March 10, 2022, at 5:00 p.m. Eastern Time to discuss its fourth quarter and year-end 2021 financial results. Interested parties can access the live audio webcast on the Five Point website. A telephonic replay will be available two hours post-call until March 24, 2022. Five Point specializes in developing large mixed-use planned communities across California, including the Great Park Neighborhoods in Irvine and Valencia, promising around 40,000 residential homes and 23 million square feet of commercial space.

Five Point Holdings (NYSE: FPH) announced the immediate appointment of Daniel Hedigan as Chief Executive Officer, following the departure of Lynn Jochim, effective February 14, 2022. Mr. Hedigan brings over 40 years of experience in residential real estate, most recently as President of Land Sales & Home Building at the Irvine Company. He aims to enhance business efficiency and activate commercial land opportunities at Five Point. Jochim will continue supporting the company as an advisor for three years.

The California Homebuilding Foundation announced its 2022 Hall of Fame inductees, honoring five leaders in the homebuilding industry, including Emile Haddad of FivePoint Holdings (NYSE: FPH). The gala will occur on June 21, 2022, in San Francisco. Each inductee has made significant contributions to California's housing solutions, focusing on innovative placemaking, affordable housing, and community development. Key figures include Lucy Dunn, Nancy Keenan, Linda Mandolini, and John Norman, highlighting their impactful careers in advancing housing initiatives in the state.

Five Point Holdings (NYSE: FPH) reported its third quarter 2021 results, with consolidated revenues of $20.7 million and a net loss of $8.2 million. The company sold 113 homesites and 8 homes, generating proceeds of $78 million. Year-to-date home sales increased by 44% to 591 homes. The company maintains a solid liquidity position of $315.8 million and a debt to total capitalization ratio of 25.3%. Management remains optimistic about future land sales and growth opportunities in California's constrained housing market.

Five Point Holdings (NYSE:FPH) will hold a conference call to discuss its Q3 2021 financial results on November 3, 2021, at 5:00 p.m. Eastern Time. The call will be available via audio webcast on the company's website. Investors can also access the call through a domestic and international dialing option. A replay will be available shortly after the call concludes, with access until November 17, 2021. Based in Irvine, California, Five Point specializes in designing and developing large mixed-use communities in California, including significant commercial and residential real estate projects.

Five Point Holdings (NYSE: FPH) announces a major leadership transition with Founder Emile Haddad stepping down as Chairman, CEO, and President effective September 30, 2021. He will continue as a Board member and serve as Chairman Emeritus while also taking on a three-year advisory role. Stuart Miller has been appointed Executive Chairman, and Lynn Jochim retains her role as President and COO. The company continues to focus on its vision of community development, with plans for approximately 40,000 homes and 23 million square feet of commercial space in coastal California.

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.