FPH - Earnings announcements

Announces $40 Million Share Repurchase Authorization First Quarter 2026 Highlights Great Park builder sales of 82 homes during the quarter. Valencia builder sales of 90 homes during the quarter. Consolidated revenues of $13.6 million; consolidated net loss of $5.0 million. Cash and cash equivalents of $332.6 million as of March 31, 2026. Debt to total capitalization ratio of 16.3% and liquidity of $550.1 million as of March 31, 2026. Five Point Holdings, LLC ("Five Point" or the "Company") (NYSE:FPH), an owner and developer of large mixed-use planned communities in California, today reported its first quarter 2026 results. Dan Hedigan, President and Chief Executive Off

Five Point Holdings, LLC ("Five Point") (NYSE:FPH), an owner and developer of large mixed-use planned communities in California, will hold a conference call to discuss its first quarter 2026 financial results at 5:00 p.m. Eastern Time on Thursday, April 23, 2026. A live Internet audio webcast of the conference call will be available on the Five Point website at https://ir.fivepoint.com. The conference call can also be accessed by dialing (877) 451-6152 (domestic) or (201) 389-0879 (international) or by clicking on the following link and requesting a return call: https://callme.viavid.com/viavid/?callme=true&passcode=13735390&h=true&info=company&r=true&B=6 [callme.viavid.com]. A telephonic

Fourth Quarter 2025 Highlights Valencia closed the sale of 13.8 acres of commercial land for a purchase price of $42.5 million. Great Park Venture sold 187 homesites on 19.7 acres of land for an aggregate base purchase price of $181.5 million. Great Park Venture distributions and incentive compensation payments to the Company totaled $73.6 million. Great Park builder sales of 78 homes during the quarter. Valencia builder sales of 70 homes during the quarter. Consolidated revenues of $75.9 million; consolidated net income of $58.7 million. Cash and cash equivalents of $425.5 million as of December 31, 2025. Debt to total capitalization ratio of 16.3% and liquidity of

Five Point Holdings, LLC ("Five Point") (NYSE:FPH), an owner and developer of large mixed-use planned communities in California, will hold a conference call to discuss its fourth quarter and year-end 2025 financial results at 5:00 p.m. Eastern Time on Thursday, January 29, 2026. A live Internet audio webcast of the conference call will be available on the Five Point website at https://ir.fivepoint.com. The conference call can also be accessed by dialing (877) 451-6152 (domestic) or (201) 389-0879 (international) or by clicking on the following link and requesting a return call: https://callme.viavid.com/viavid/?callme=true&passcode=13735390&h=true&info=company&r=true&B=6 [callme.viavid.co

Third Quarter 2025 and Recent Highlights Great Park Venture sold 326 homesites on 26.6 acres of land for an aggregate base purchase price of $257.7 million. Great Park builder sales of 187 homes during the quarter. Valencia builder sales of 50 homes during the quarter. Consolidated revenues of $13.5 million; consolidated net income of $55.7 million. In September 2025, our senior notes and corporate ratings were respectively upgraded to B2/B2 by Moody's Ratings and re-affirmed at B+/B by S&P Global Ratings, and we received initial ratings of BB-/B from Fitch Ratings. Closed the acquisition of a 75% interest in our new land banking venture, Hearthstone Residential Holdings,

Five Point Holdings, LLC ("Five Point") (NYSE:FPH), an owner and developer of large mixed-use planned communities in California, will hold a conference call to discuss its third quarter 2025 financial results at 5:00 p.m. Eastern Time on Wednesday, October 29, 2025. A live Internet audio webcast of the conference call will be available on the Five Point website at https://ir.fivepoint.com. The conference call can also be accessed by dialing (877) 451-6152 (domestic) or (201) 389-0879 (international) or by clicking on the following link and requesting a return call: https://callme.viavid.com/viavid/?callme=true&passcode=13735390&h=true&info=company&r=true&B=6 [callme.viavid.com]. A telepho

Second Quarter 2025 Highlights Great Park Venture sold 82 homesites on 5.7 acres of land for an aggregate purchase price of $63.6 million. Great Park builder sales of 112 homes during the quarter. Valencia builder sales of 47 homes during the quarter. Consolidated revenues of $7.5 million; consolidated net income of $8.6 million. Entered into agreement to acquire business and operations of Hearthstone, Inc. for $56.25 million. Cash and cash equivalents of $456.6 million as of June 30, 2025. Debt to total capitalization ratio of 19.1% and liquidity of $581.6 million as of June 30, 2025. Five Point Holdings, LLC ("Five Point" or the "Company") (NYSE:FPH), an owner and

Five Point Holdings, LLC ("Five Point") (NYSE:FPH), an owner and developer of large mixed-use planned communities in California, will hold a conference call to discuss its second quarter 2025 financial results at 5:00 p.m. Eastern Time on Thursday, July 24, 2025. A live Internet audio webcast of the conference call will be available on the Five Point website at https://ir.fivepoint.com. The conference call can also be accessed by dialing (877) 451-6152 (domestic) or (201) 389-0879 (international) or by clicking on the following link and requesting a return call: https://callme.viavid.com/viavid/?callme=true&passcode=13735390&h=true&info=company&r=true&B=6 [callme.viavid.com]. A telephonic

First Quarter 2025 Highlights Great Park Venture sold 325 homesites on 23.6 acres of land for an aggregate purchase price of $278.9 million. Great Park Venture distributions and incentive compensation payments to the Company totaled $143.3 million. Great Park builder sales of 233 homes during the quarter. Valencia builder sales of 69 homes during the quarter. Consolidated revenues of $13.2 million; consolidated net income of $60.6 million. In April 2025, S&P Global Ratings upgraded our senior notes rating to B+, upgraded our corporate rating to B, and continued our outlook at stable. Cash and cash equivalents of $528.3 million as of March 31, 2025. Debt to total capitalizati

Five Point Holdings, LLC ("Five Point") (NYSE:FPH), an owner and developer of large mixed-use planned communities in California, will hold a conference call to discuss its first quarter 2025 financial results at 5:00 p.m. Eastern Time on Thursday, April 24, 2025. A live Internet audio webcast of the conference call will be available on the Five Point website at https://ir.fivepoint.com. The conference call can also be accessed by dialing (877) 451-6152 (domestic) or (201) 389-0879 (international) or by clicking on the following link and requesting a return call: https://callme.viavid.com/viavid/?callme=true&passcode=13735390&h=true&info=company&r=true&B=6 [callme.viavid.com]. A telephonic

Fourth Quarter 2024 Highlights Valencia sold 493 homesites on 54.4 acres of land for an aggregate purchase price of $137.9 million. Great Park Venture sold 372 homesites on 32.2 acres of land for an aggregate purchase price of $309.3 million. Great Park Venture distributions and incentive compensation payments to the Company totaled $121.5 million. Gateway Commercial Venture distribution to the Company of $17.2 million from proceeds generated by the sale of the Gateway Commercial Venture's remaining interests in the Five Point Gateway Campus. Valencia builder sales of 74 homes during the quarter. Great Park builder sales of 143 homes during the quarter. Consolidated rev

Five Point Holdings, LLC ("Five Point") (NYSE:FPH), an owner and developer of large mixed-use planned communities in California, will hold a conference call to discuss its fourth quarter and year-end 2024 financial results at 5:00 p.m. Eastern Time on Thursday, January 23, 2025. A live Internet audio webcast of the conference call will be available on the Five Point website at https://ir.fivepoint.com. The conference call can also be accessed by dialing (877) 451-6152 (domestic) or (201) 389-0879 (international) or by clicking on the following link and requesting a return call: https://callme.viavid.com/viavid/?callme=true&passcode=13735390&h=true&info=company&r=true&B=6 [callme.viavid.co

Third Quarter 2024 Highlights Great Park Venture closed two retail use commercial land sales totaling 12.8 acres for an aggregate purchase price of $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 during the quarter. Valencia builder sales of 89 homes during the quarter. Renewed the development management agreement with Great Park Venture through December 31, 2026. Consolidated revenues of $17.0 million; consolidated net income of $12.3 million. Cash and cash equivalents of $224.5 million as of September 30, 2024. Debt to total capitalization ratio of 20.5% and liqu

Five Point Holdings, LLC ("Five Point") (NYSE:FPH), an owner and developer of large mixed-use planned communities in California, will hold a conference call to discuss its third quarter 2024 financial results at 5:00 p.m. Eastern Time on Thursday, October 17, 2024. A live Internet audio webcast of the conference call will be available on the Five Point website at https://ir.fivepoint.com. The conference call can also be accessed by dialing (877) 451-6152 (domestic) or (201) 389-0879 (international) or by clicking on the following link and requesting a return call: https://callme.viavid.com/viavid/?callme=true&passcode=13735390&h=true&info=company&r=true&B=6 [callme.viavid.com]. A telephoni

Second Quarter 2024 Highlights Great Park Venture sold 105 homesites on 12.3 acres of land for an aggregate purchase price of $96.1 million. Great Park Venture distributions and incentive compensation payments to the Company totaled $29.7 million. Great Park builder sales of 63 homes during the quarter. Valencia builder sales of 84 homes during the quarter. Consolidated revenues of $51.2 million; consolidated net income of $38.2 million. Cash and cash equivalents of $217.4 million as of June 30, 2024. Debt to total capitalization ratio of 20.6% and liquidity of $342.4 million as of June 30, 2024. Five Point Holdings, LLC ("Five Point" or the "Company") (NYSE:FPH), an

Five Point Holdings, LLC ("Five Point") (NYSE:FPH), an owner and developer of large mixed-use planned communities in California, will hold a conference call to discuss its second quarter 2024 financial results at 5:00 p.m. Eastern Time on Thursday, July 18, 2024. A live Internet audio webcast of the conference call will be available on the Five Point website at https://ir.fivepoint.com. The conference call can also be accessed by dialing (877) 451-6152 (domestic) or (201) 389-0879 (international) or by clicking on the following link and requesting a return call: https://callme.viavid.com/viavid/?callme=true&passcode=13735390&h=true&info=company&r=true&B=6 [callme.viavid.com]. A telephonic

First Quarter 2024 and Recent Highlights Great Park Venture sold 82 homesites on 11.6 acres of land for an aggregate purchase price of $74.6 million. Great Park Venture distributions and incentive compensation payments to the Company totaled $30.3 million. Valencia builder sales of 62 homes during the quarter. Great Park builder sales of 69 homes during the quarter. Consolidated revenues of $9.9 million; consolidated net income of $6.1 million. On January 16, 2024, exchanged $623.5 million of existing 7.875% Senior Notes due November 2025 for $100.0 million in cash and $523.5 million in new 10.500% initial rate Senior Notes due January 2028. In April 2024, S&P Global Ra

Five Point Holdings, LLC ("Five Point") (NYSE:FPH), an owner and developer of large mixed-use planned communities in California, will hold a conference call to discuss its first quarter 2024 financial results at 5:00 p.m. Eastern Time on Thursday, April 18, 2024. A live Internet audio webcast of the conference call will be available on the Five Point website at https://ir.fivepoint.com. The conference call can also be accessed by dialing (877) 451-6152 (domestic) or (201) 389-0879 (international) or by clinking on the following link and requesting a return call: https://callme.viavid.com/viavid/?callme=true&passcode=13735390&h=true&info=company&r=true&B=6 [callme.viavid.com]. A telephonic

Fourth Quarter 2023 and Recent Highlights Valencia sold 583 homesites on approximately 46 acres of land for a purchase price of $101.8 million. Great Park Venture closed two commercial land sales totaling approximately 38 acres for an aggregate purchase price of $174.2 million. Great Park Venture distributions and incentive compensation payments to the Company totaled $92.0 million. Valencia builder sales of 31 homes during the quarter. Great Park builder sales of 76 homes during the quarter. Consolidated revenues of $118.8 million; consolidated net income of $58.7 million. Cash and cash equivalents of $353.8 million as of December 31, 2023. Debt to total capitalizat

Five Point Holdings, LLC ("Five Point") (NYSE:FPH), an owner and developer of large mixed-use planned communities in California, will hold a conference call to discuss its fourth quarter and year-end 2023 financial results at 5:00 p.m. Eastern Time on Thursday, January 18, 2024. A live Internet audio webcast of the conference call will be available on the Five Point website at https://ir.fivepoint.com. The conference call can also be accessed by dialing (877) 451-6152 (domestic) or (201) 389-0879 (international) or by clicking on the following link and requesting a return call: https://callme.viavid.com/viavid/?callme=true&passcode=13735390&h=true&info=company&r=true&B=6 [callme.viavid.co

Third Quarter 2023 and Recent Highlights Valencia sold 146 homesites on approximately 26 acres of land and recognized revenue of $60.6 million. Valencia builder sales of 75 homes during the quarter compared to 79 in the second quarter of 2023. Great Park builder sales of 113 homes during the quarter compared to 177 in the second quarter of 2023. Consolidated revenues of $65.9 million; consolidated net income of $14.2 million. Cash and cash equivalents of $218.3 million as of September 30, 2023. Debt to total capitalization ratio of 24.5% and liquidity of $343.3 million as of September 30, 2023. Extended the maturity date of the Company's $125.0 million unsecured r

Five Point Holdings, LLC ("Five Point") (NYSE:FPH), an owner and developer of large mixed-use planned communities in California, will hold a conference call to discuss its third quarter 2023 financial results at 5:00 p.m. Eastern Time on Thursday, October 19, 2023. A live Internet audio webcast of the conference call will be available on the Five Point website at https://ir.fivepoint.com. The conference call can also be accessed by dialing (877) 451-6152 (domestic) or (201) 389-0879 (international) or by clinking on the following link and requesting a return call: https://callme.viavid.com/viavid/?callme=true&passcode=13735390&h=true&info=company&r=true&B=6 [callme.viavid.com]. A telephon

Second Quarter 2023 Highlights Great Park Venture sold 798 homesites on approximately 84 acres of land and recognized revenue of $357.8 million. Great Park Venture distributions and incentive compensation payments to the Company totaled $103.8 million. Great Park builder sales of 177 homes during the quarter compared to 255 in the first quarter of 2023. Valencia builder sales of 79 homes during the quarter compared to 75 in the first quarter of 2023. Consolidated revenues of $21.3 million; consolidated net income of $50.6 million, which includes $52.3 million equity in earnings from the Great Park Venture. Cash and cash equivalents of $193.2 million as of June 30, 202

Five Point Holdings, LLC ("Five Point") (NYSE:FPH), an owner and developer of large mixed-use planned communities in California, will hold a conference call to discuss its second quarter 2023 financial results at 5:00 p.m. Eastern Time on Thursday, July 20, 2023. A live Internet audio webcast of the conference call will be available on the Five Point website at https://ir.fivepoint.com. The conference call can also be accessed by dialing (877) 451-6152 (domestic) or (201) 389-0879 (international) or by clinking on the following link and requesting a return call: https://callme.viavid.com/viavid/?callme=true&passcode=13735390&h=true&info=company&r=true&B=6 [callme.viavid.com]. A telephonic

First Quarter 2023 Highlights Great Park builder sales of 255 homes during the quarter compared to 113 in the fourth quarter of 2022. Valencia builder sales of 75 homes during the quarter compared to 49 in the fourth quarter of 2022. Consolidated revenues of $5.7 million; consolidated net loss of $9.7 million. Consolidated selling, general and administrative expense of $13.8 million was down 18% from first quarter 2022. Cash and cash equivalents of $106.6 million as of March 31, 2023. Debt to total capitalization ratio of 25.2% and liquidity of $231.6 million as of March 31, 2023. Five Point Holdings, LLC ("Five Point" or the "Company") (NYSE:FPH), an owner and develope

Five Point Holdings, LLC ("Five Point") (NYSE:FPH), an owner and developer of large mixed-use planned communities in California, will hold a conference call to discuss its first quarter 2023 financial results at 5:00 p.m. Eastern Time on Thursday, April 20, 2023. A live Internet audio webcast of the conference call will be available on the Five Point website at https://ir.fivepoint.com. The conference call can also be accessed by dialing (877) 451-6152 (domestic) or (201) 389-0879 (international) or by clinking on the following link and requesting a return call: https://callme.viavid.com/viavid/?callme=true&passcode=13735390&h=true&info=company&r=true&B=6 [callme.viavid.com]. A telephonic

Fourth Quarter 2022 Highlights Great Park Venture closed the sale of approximately 42 acres of commercial land for a purchase price of $240.0 million. Great Park Venture distributions and incentive compensation payments to the Company totaled $66.9 million. Gateway Commercial Venture distributions to the Company totaled $8.6 million. Great Park builder sales of 113 homes during the quarter. Valencia builder sales of 49 homes during the quarter. Renewed the development management agreement with Great Park Venture through 2024. Consolidated revenues of $17.0 million; consolidated net income of $22.5 million. Cash and cash equivalents of $131.8 million as of December 31, 2022.

Five Point Holdings, LLC ("Five Point") (NYSE:FPH), an owner and developer of large mixed-use planned communities in California, will hold a conference call to discuss its fourth quarter and year-end 2022 financial results at 5:30 p.m. Eastern Time on Thursday, January 19, 2023. A live Internet audio webcast of the conference call will be available on the Five Point website at https://ir.fivepoint.com. The conference call can also be accessed by dialing (877) 451-6152 (domestic) or (201) 389-0879 (international) or by clicking on the following link and requesting a return call: https://callme.viavid.com/viavid/?callme=true&passcode=13735390&h=true&info=company&r=true&B=6 [callme.viavid.com

Third Quarter 2022 Highlights Valencia builder sales of 166 homes during the quarter. Great Park Venture closed the sale of 61 homesites generating proceeds of $23.9 million. Great Park builder sales of 82 homes during the quarter. Great Park Venture commenced marketing of commercial land. Consolidated selling, general and administrative costs down 42% from third quarter 2021. Consolidated revenues of $15.4 million; consolidated net loss of $9.5 million. Debt to total capitalization ratio of 25.3% and liquidity of $211.0 million as of September 30, 2022. Five Point Holdings, LLC ("Five Point" or the "Company") (NYSE:FPH), an owner and developer of large mixed-use planned com

Five Point Holdings, LLC ("Five Point") (NYSE:FPH), an owner and developer of large mixed-use planned communities in California, will hold a conference call to discuss its third quarter 2022 financial results at 5:00 p.m. Eastern Time on Thursday, October 27, 2022. A live Internet audio webcast of the conference call will be available on the Five Point website at https://ir.fivepoint.com. The conference call can also be accessed by dialing (888) 204-4368 (domestic) or (856) 344-9221 (international). A telephonic replay will be available starting approximately two hours after the end of the call by dialing (844) 512-2921, or for international callers, (412) 317-6671. The passcode for the li

Second Quarter 2022 Highlights Valencia builder sales of 168 homes during the quarter within 18 active neighborhoods. Great Park builder sales of 37 homes during the quarter. At Great Park Neighborhoods, our newest neighborhood, "Solis Park," consisting of approximately 850 homes began opening homes for sale with the majority of builder collections planned to open for sale in the third quarter. Extended the initial term of the development management agreement with the Great Park Venture through December 31, 2022. Consolidated revenues of $5.4 million; consolidated net loss of $11.0 million. Debt to total capitalization ratio of 25.2% and liquidity of $252.5 million as of June 30

Five Point Holdings, LLC ("Five Point") (NYSE:FPH), an owner and developer of large mixed-use planned communities in California, will hold a conference call to discuss its second quarter 2022 financial results at 5:00 p.m. Eastern Time on Tuesday, August 2, 2022. A live Internet audio webcast of the conference call will be available on the Five Point website at https://ir.fivepoint.com. The conference call can also be accessed by dialing (800) 458-4121 (domestic) or (856) 344-9290 (international). A telephonic replay will be available starting approximately two hours after the end of the call by dialing (844) 512-2921, or for international callers, (412) 317-6671. The passcode for the live

First Quarter 2022 Highlights 15 active neighborhoods open for sale in Valencia. Builder sales of 211 homes in Valencia during the quarter. Builder sales of 94 homes in Great Park Neighborhoods during the quarter. At Great Park Neighborhoods, the "Rise" neighborhood, consisting of approximately 700 homes, as of March 31, 2022, was nearing sell out with approximately 50 homes remaining to sell. Our next neighborhood, "Solis Park," consisting of approximately 850 homes, is planned to open for sale this summer. Reduced headcount by approximately 29% since the beginning of the year primarily from layoffs at the end of the quarter. Recognized $19.4 million in restructuring expen

Five Point Holdings, LLC ("Five Point") (NYSE:FPH), an owner and developer of large mixed-use planned communities in California, will hold a conference call to discuss its first quarter 2022 financial results at 5:00 p.m. Eastern Time on Thursday, May 12, 2022. A live Internet audio webcast of the conference call will be available on the Five Point website at https://ir.fivepoint.com. The conference call can also be accessed by dialing (800) 949-2175 (domestic) or (856) 344-9283 (international). A telephonic replay will be available starting approximately two hours after the end of the call by dialing (844) 512-2921, or for international callers, (412) 317-6671. The passcode for the live c

Fourth Quarter 2021 Highlights In Valencia, closed the sale of 643 homesites for an aggregate purchase price of $167.3 million. Builder sales of 147 homes in Valencia. Builder sales of 64 homes in Great Park Neighborhoods (including 3 homes under a fee build arrangement). Consolidated revenues of $182.2 million; consolidated net income of $47.5 million. 2021 Highlights Great Park Venture closed the sale of 887 homesites and 16 homes for an aggregate purchase price of $419.5 million. Great Park Venture distributions and incentive compensation payments to the Company totaled $98.3 million. Builder sales of 655 homes in Great Park Neighborhoods (including 37 homes under a fee b

Five Point Holdings, LLC ("Five Point") (NYSE:FPH), an owner and developer of large mixed-use planned communities in California, will hold a conference call to discuss its fourth quarter and year-end 2021 financial results at 5:00 p.m. Eastern Time on Thursday, March 10, 2022. A live Internet audio webcast of the conference call will be available on the Five Point website at https://ir.fivepoint.com. The conference call can also be accessed by dialing (888) 256-1007 (domestic) or (856) 344-9299 (international). A telephonic replay will be available starting approximately two hours after the end of the call by dialing (844) 512-2921, or for international callers, (412) 317-6671. The passcod

Third Quarter 2021 Highlights Great Park Venture sold 113 homesites and 8 homes generating proceeds of $78.0 million. Great Park Neighborhoods home sales were 135 during the third quarter bringing the total to 591 year-to-date, representing a 44% increase compared to the first nine months of 2020. In Valencia, 11 neighborhoods are open for sale by builders, and the first homebuyers moved into their new homes in the third quarter. Valencia home sales were 156 during the third quarter and 199 through the end of the quarter since sales commenced in May 2021. Consolidated revenues of $20.7 million; consolidated net loss of $8.2 million. Company maintains a debt to total capitalizati

Five Point Holdings, LLC ("Five Point") (NYSE:FPH), an owner and developer of large mixed-use planned communities in California, will hold a conference call to discuss its third quarter 2021 financial results at 5:00 p.m. Eastern Time on Wednesday, November 3, 2021. A live Internet audio webcast of the conference call will be available on the Five Point website at https://ir.fivepoint.com. The conference call can also be accessed by dialing (856) 344-9283 (domestic) or (800) 263-0877 (international). A telephonic replay will be available starting approximately two hours after the end of the call by dialing (844) 512-2921, or for international callers, (412) 317-6671. The passcode for the l

Second Quarter 2021 Highlights Great Park Venture sold 774 homesites generating proceeds of $328.2 million. Received a total of $98.3 million in cash distributions and incentive compensation payments from the Great Park Venture. Builders started home sales at Valencia in the Company's first phase of this community. Company maintains liquidity of $361.2 million at June 30, 2021. Maturity date of the Company's $125 million unsecured revolving line of credit was extended by two years to April 2024. Five Point Holdings, LLC ("Five Point" or the "Company") (NYSE:FPH), an owner and developer of large mixed-use planned communities in California, today reported its second quarter 2021 res

Five Point Holdings, LLC ("Five Point") (NYSE:FPH), an owner and developer of large mixed-use planned communities in California, will hold a conference call to discuss its second quarter 2021 financial results at 5:00 p.m. Eastern Time on Thursday, August 5, 2021. A live Internet audio webcast of the conference call will be available on the Five Point website at https://ir.fivepoint.com. The conference call can also be accessed by dialing (866) 269-5604 (domestic) or (929) 477-0593 (international). A telephonic replay will be available starting approximately two hours after the end of the call by dialing (844) 512-2921, or for international callers, (412) 317-6671. The passcode for the liv