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. 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 Trading Up 2.2%

Shares of NYSE FPH traded up $0.12 during trading hours on Thursday, reaching $5.61. The stock had a trading volume of 155,676 shares, compared to its average volume of 125,684. Five Point has a 52-week low of $4.58 and a 52-week high of $6.71. The firm has a market cap of $824.92 million, a price-to-earnings ratio of 4.31 and a beta of 1.37. The business’s fifty day moving average price is $5.75 and its two-hundred day moving average price is $5.84.

Analyst Ratings Changes

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

Insiders Place Their Bets

In related news, insider Kim Tobler sold 18,714 shares of the firm’s 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 sale, the insider owned 35,636 shares of the company’s stock, valued at $214,172.36. This trade represents a 34.43% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 21.49% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Five Point

A number of large investors have recently modified their holdings of FPH. State of Wyoming acquired a new position in shares of Five Point in the 2nd quarter valued at $58,000. Occudo Quantitative Strategies LP increased its holdings in shares of Five Point by 17.7% in the third quarter. Occudo Quantitative Strategies LP now owns 16,844 shares of the company’s stock valued at $103,000 after purchasing an additional 2,537 shares during the period. XTX Topco Ltd purchased a new position in shares of Five Point in the second quarter worth about $128,000. Envestnet Asset Management Inc. lifted its holdings in shares of Five Point by 7.9% during the third quarter. Envestnet Asset Management Inc. now owns 25,602 shares of the company’s stock worth $157,000 after purchasing an additional 1,885 shares during the period. Finally, Susquehanna International Group LLP boosted its position in Five Point by 11.8% in the third quarter. Susquehanna International Group LLP now owns 31,404 shares of the company’s stock valued at $193,000 after buying an additional 3,304 shares during the last quarter. Hedge funds and other institutional investors own 38.09% of the company’s stock.

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.