Five Point Holdings, LLC

NYSE•FPH

CEO: Mr. Stuart A. Miller

Sector: Real Estate

Industry: Real Estate - Development

Listing Date: 2017-05-10

Five Point Holdings, LLC, through its subsidiary, Five Point Operating Company, LP, owns and develops mixed-use and planned communities in Orange County, Los Angeles County, and San Francisco County. The company operates in four segments: Valencia, San Francisco, Great Park, and Commercial. It sells residential and commercial land sites to homebuilders, commercial developers, and commercial buyers; operates and owns a commercial office, research and development, medical campus, and other properties; and provides development and property management services. The company was formerly known as Newhall Holding Company, LLC and changed its name to Five Point Holdings, LLC in May 2016. Five Point Holdings, LLC was incorporated in 2009 and is headquartered in Irvine, California.

Contact Information

2000 FivePoint, 4th Floor, Irvine, CA, 92618, United States

949-349-1000

www.fivepoint.com

Market Cap

$369.76M

P/E (TTM)

5.2

11.9

Dividend Yield

52W High

$6.64

52W Low

$4.58

52W Range

31%

Rank50Top 68.9%

3.1

F-Score

Modified Piotroski Analysis

Based on 10-year fundamentals

Weak • 3.1 / 9 points

Scoring Range (0-9)

8-9: Excellent Value

6-7: Strong Fundamentals

4-5: Average Quality

0-3: Weak Performance

Data Period: 2016-2025

Financial Dashboard

Q4 2025 Data

Revenue

$75.90M-52.50%

4-Quarter Trend

EPS

$0.33-50.75%

4-Quarter Trend

FCF

$79.59M+0.00%

4-Quarter Trend

2025 Annual Earnings Highlights

Key Highlights

Net Income Increased Net income attributable to company reached $71.0M, up 3.9% from $68.3M in 2024, driven by strong equity earnings.

Equity Earnings Grew Substantially Equity in earnings from unconsolidated entities rose $71.0M to $203.6M, primarily from Great Park Venture land sales revenue.

Hearthstone Platform Acquired Completed acquisition of Hearthstone Venture in July 2025, adding asset management platform contributing $3.9M net income partially.

Balance Sheet Strengthened Ended 2025 with $425.5M cash; reduced total debt by $75.0M through senior notes refinancing during the year.

Risk Factors

California Market Concentration Operations heavily concentrated in California markets, susceptible to adverse local economic, political, regulatory, and climate changes.

San Francisco Land Transfer Delays Remaining San Francisco Shipyard parcels delayed by U.S. Navy retesting process, potentially impeding future development timelines.

Title Defects Risk Title insurance not held on Valencia properties; title defects could materially impair asset value or financing capabilities.

Inflation and Cost Volatility Inflation increases material and labor costs; higher interest rates may soften homebuyer demand and increase debt financing expense.

Outlook

Candlestick Infrastructure Finalizing Finalizing engineering for next Candlestick infrastructure phase, expecting construction commencement in the first half of 2026.

Fee-Based Growth Expansion Integrating Hearthstone Venture to expand fee-based earnings growth and strengthen relationships with institutional capital partners.

Valencia Land Sales Delayed Elected to delay residential land sales at Valencia in 2025 to optimize land values and align with current market conditions.

Pursuing Asset-Lighter Model Seeking capital partners for joint ventures to de-risk monetization and move toward a more asset-lighter balance sheet model.

Peer Comparison

Revenue (TTM)

RMR

$661.23M

-22.7%

CMTG

$414.35M

+273.2%

FPH

$110.02M

-53.8%

Gross Margin (Latest Quarter)

CMTG

53.7%

-121.9pp

RMR

49.3%

+172.7pp

FPH

45.9%

+5.7pp

Key Metrics

Symbol	Market Cap	P/E (TTM)	ROE (TTM)	Debt to Assets
RMR	$533.82M	12.0	10.1%	23.0%
FRPH	$434.88M	93.1	1.1%	25.3%
FPH	$369.76M	5.2	8.9%	15.8%

Long-Term Trends

Last 4 Quarters

Revenue

Net Income

Operating Cash Flow

4Q Revenue CAGR

79.3%

Strong Growth

4Q Net Income CAGR

0.0%

Profitability Slowly Improving

Cash Flow Stability

75%

Volatile Cash Flow

Deep Research

Next earnings:Apr 22, 2026

EPS:-

Revenue:-

Financials

Earnings Calls

Reports

News

Income Statement

Balance Sheet

Cash Flow Statement

Ratios

% Chg.

Income Statement	LTM

No Data