Five Point (NYSE:FPH) Posts Earnings Results

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

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 Up 2.2%

Shares of Five Point stock traded up $0.12 on Thursday, reaching $5.61. 155,676 shares of the stock were exchanged, compared to its average volume of 125,684. Five Point has a twelve month low of $4.58 and a twelve month high of $6.71. The firm has a market capitalization of $824.92 million, a price-to-earnings ratio of 4.31 and a beta of 1.37. The business has a 50 day moving average price of $5.75 and a two-hundred day moving average price of $5.84.

Insiders Place Their Bets

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

Institutional Trading of Five Point

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

Analysts Set New Price Targets

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

Five Point Company Profile

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.