Five Point (NYSE:FPH) Posts Earnings Results

Five Point (NYSE:FPH) issued its quarterly earnings data on Thursday. The company reported $0.31 earnings per share for the quarter, Zacks reports. The company had revenue of $75.90 million for the quarter. Five Point had a net margin of 48.56% and a return on equity of 4.24%.

Here are the key takeaways from Five Point’s conference call:

• Five Point reported a record 2025 with $183.5 million in consolidated net income and $58.7 million in Q4 net income, beating the company’s mid‑year guidance by roughly $6 million and driven by strong Great Park transactions and distributions.
• The company secured major entitlements at Valencia (Entrata South and Valencia Commerce Center) and received City Council approval to convert ~100 acres at The Great Park from commercial to residential, materially expanding its long‑term pipeline of entitled home sites (company expects a >10,000‑site pipeline when combined with existing approvals).
• Five Point materially strengthened its balance sheet in 2025—issuing $400 million of 8% senior notes, repaying debt (total paydown of $175 million since Jan 2024), ending the year with $425 million cash and $643 million total liquidity, and lowering annual interest expense by ~$20 million.
• The Hearthstone acquisition expanded fee‑based and land‑banking capabilities (AUM grew to ~$3.4 billion), contributed management fee revenue of $11.8 million and ~$3.5 million of net income in 2025, and management expects further AUM growth and $300M–$500M of newly originated capital in Q1.
• 2026 guidance is materially lower than 2025—management expects consolidated net income of ~$100 million, with earnings skewed to the second half and a small Q1 loss expected as the company paces land sales (guidance assumes ~50 acres sold at Great Park and ~20 acres at Valencia).

Five Point Stock Down 5.7%

NYSE:FPH traded down $0.32 on Friday, reaching $5.27. 148,507 shares of the company’s stock traded hands, compared to its average volume of 123,214. The stock has a 50-day simple moving average of $5.73 and a 200-day simple moving average of $5.83. Five Point has a 12 month low of $4.58 and a 12 month high of $6.71. The firm has a market cap of $775.06 million, a PE ratio of 4.05 and a beta of 1.37.

Insider Buying and Selling at Five Point

In related news, insider Kim Tobler sold 18,714 shares of the stock in a transaction dated Thursday, December 4th. The stock was sold at an average price of $6.01, for a total transaction of $112,471.14. Following the completion of the sale, the insider owned 35,636 shares in the company, valued at approximately $214,172.36. This trade represents a 34.43% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 21.49% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Dimensional Fund Advisors LP increased its position in Five Point by 3.5% in the third quarter. Dimensional Fund Advisors LP now owns 1,414,018 shares of the company’s stock worth $8,667,000 after purchasing an additional 48,181 shares during the last quarter. Tidal Investments LLC grew its stake in shares of Five Point by 100.9% in the 2nd quarter. Tidal Investments LLC now owns 77,903 shares of the company’s stock worth $428,000 after buying an additional 39,123 shares in the last quarter. Raymond James Financial Inc. increased its holdings in shares of Five Point by 10.3% in the 2nd quarter. Raymond James Financial Inc. now owns 418,380 shares of the company’s stock worth $2,301,000 after buying an additional 39,088 shares during the last quarter. American Century Companies Inc. raised its position in shares of Five Point by 39.3% during the 2nd quarter. American Century Companies Inc. now owns 129,904 shares of the company’s stock valued at $714,000 after buying an additional 36,659 shares in the last quarter. Finally, Goldman Sachs Group Inc. lifted its holdings in shares of Five Point by 14.2% in the 1st quarter. Goldman Sachs Group Inc. now owns 60,523 shares of the company’s stock valued at $323,000 after acquiring an additional 7,544 shares during the last quarter. 38.09% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Separately, Weiss Ratings reiterated a “buy (b-)” rating on shares of Five Point in a research report on Monday, December 29th. One investment analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the company currently has an average rating of “Buy”.

About Five Point

Five Point Holdings, L.P. (NYSE:FPH) is a California‐based master planned community developer specializing in residential, commercial and mixed‐use projects. Headquartered in Walnut Creek, the company focuses on acquiring and entitling raw land, designing infrastructure and delivering fully integrated neighborhoods that include single‐family homes, multifamily housing, retail centers, office space and community amenities.

Since its formation in 2014, Five Point has concentrated its land development efforts in the San Francisco Bay Area and the Los Angeles Basin, targeting key growth corridors with large‐scale, long-term projects.