Five Point (NYSE:FPH) Releases Earnings Results

Five Point (NYSE:FPH) released its earnings results 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 Stock Performance

Shares of FPH traded up $0.12 during mid-day trading on Thursday, hitting $5.61. 155,676 shares of the stock were exchanged, compared to its average volume of 125,684. The company has a market cap of $824.92 million, a PE ratio of 4.31 and a beta of 1.37. The firm has a 50-day moving average of $5.75 and a two-hundred day moving average of $5.84. Five Point has a 52-week low of $4.58 and a 52-week high of $6.71.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Five Point in a research note on Monday, December 29th. One equities research analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, the company presently has an average rating of “Buy”.

Insider Buying and Selling

In other Five Point news, insider Kim Tobler sold 18,714 shares of Five Point stock in a transaction on Thursday, December 4th. The shares were sold at an average price of $6.01, for a total value of $112,471.14. Following the completion of the transaction, the insider directly owned 35,636 shares of the company’s stock, valued at $214,172.36. This trade represents a 34.43% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. 21.49% of the stock is owned by company insiders.

Institutional Investors Weigh In On Five Point

Several large investors have recently added to or reduced their stakes in the stock. State of Wyoming bought a new stake in shares of Five Point in the 2nd quarter valued at approximately $58,000. Occudo Quantitative Strategies LP boosted its position in Five Point by 17.7% in the 3rd quarter. Occudo Quantitative Strategies LP now owns 16,844 shares of the company’s stock valued at $103,000 after buying an additional 2,537 shares during the period. XTX Topco Ltd purchased a new stake in shares of Five Point in the second quarter valued at approximately $128,000. Envestnet Asset Management Inc. grew its position in shares of Five Point by 7.9% during the 3rd quarter. Envestnet Asset Management Inc. now owns 25,602 shares of the company’s stock worth $157,000 after buying an additional 1,885 shares in the last quarter. Finally, Susquehanna International Group LLP lifted its stake in Five Point by 11.8% in the third quarter. Susquehanna International Group LLP now owns 31,404 shares of the company’s stock worth $193,000 after acquiring an additional 3,304 shares during the period. 38.09% of the stock is owned by institutional investors.

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.