Five Point Holdings, LLC - FPH STOCK NEWS

Five Point Holdings (NYSE: FPH) reported its third quarter 2021 results, with consolidated revenues of $20.7 million and a net loss of $8.2 million. The company sold 113 homesites and 8 homes, generating proceeds of $78 million. Year-to-date home sales increased by 44% to 591 homes. The company maintains a solid liquidity position of $315.8 million and a debt to total capitalization ratio of 25.3%. Management remains optimistic about future land sales and growth opportunities in California's constrained housing market.

Five Point Holdings (NYSE:FPH) will hold a conference call to discuss its Q3 2021 financial results on November 3, 2021, at 5:00 p.m. Eastern Time. The call will be available via audio webcast on the company's website. Investors can also access the call through a domestic and international dialing option. A replay will be available shortly after the call concludes, with access until November 17, 2021. Based in Irvine, California, Five Point specializes in designing and developing large mixed-use communities in California, including significant commercial and residential real estate projects.

Five Point Holdings (NYSE: FPH) announces a major leadership transition with Founder Emile Haddad stepping down as Chairman, CEO, and President effective September 30, 2021. He will continue as a Board member and serve as Chairman Emeritus while also taking on a three-year advisory role. Stuart Miller has been appointed Executive Chairman, and Lynn Jochim retains her role as President and COO. The company continues to focus on its vision of community development, with plans for approximately 40,000 homes and 23 million square feet of commercial space in coastal California.

Five Point Holdings (NYSE:FPH) reported its Q2 2021 results, highlighting strong demand in the housing market. The Company sold 774 homesites, generating $328.2 million and received $98.3 million from distributions related to the Great Park Venture. Total liquidity was $361.2 million. However, the Company faced a consolidated net loss of $4.9 million for the quarter, attributable partly to $19.2 million in selling and administrative expenses. Interest in their communities remains robust, with ten neighborhoods in Valencia set to open this fall.

Five Point Holdings (NYSE:FPH) will host a conference call on August 5, 2021, at 5:00 p.m. ET to discuss its Q2 2021 financial results. Participants can join via the Five Point website or by dialing the provided numbers for domestic and international access. The call will feature insights on the company's progress in developing large mixed-use planned communities across California, including approximately 40,000 residential homes and 23 million square feet of commercial space.

Five Point Holdings (NYSE:FPH) reported its Q1 2021 results, highlighting robust home sales at Great Park Neighborhoods, over twice that of 2020. The company has total liquidity of $354.3 million, with $229.7 million in cash. Revenues for the quarter were $13.2 million, largely from management services. However, the net loss was reported at $21.0 million, with $9.8 million attributable to the Company. The growing interest in housing amid low rates is seen as a positive factor, with significant developments underway in Valencia.

Five Point Holdings (NYSE:FPH) is set to hold a conference call on May 10, 2021, at 5:00 p.m. ET to discuss its Q1 2021 financial results. This call is part of their ongoing communication efforts with investors and stakeholders. Interested parties can access a live webcast on the company’s website or join via phone. A replay will be available for two weeks after the event. Five Point focuses on large mixed-use, master-planned communities in California, integrating residential, commercial, and public amenities, aiming to contribute significantly to regional development.

Five Point Holdings (NYSE: FPH) reported its fourth quarter 2020 results, highlighting a consolidated net income of $3.7 million and total revenues of $111.7 million. The company focused on strengthening its balance sheet and preserving asset value during the pandemic. As of December 31, 2020, Five Point held $422.8 million in total liquidity. Notably, $105.5 million of revenues stemmed from land sales at the Valencia segment, despite losses from unconsolidated entities totaling $3.1 million. The company remains optimistic about 2021, citing a strong housing market and increased demand for its communities.

Five Point Holdings (NYSE:FPH) is set to hold a conference call on March 17, 2021, at 2:00 p.m. ET to discuss its fourth quarter and year-end 2020 financial results. Investors can access the call via the Five Point website or by phone. The company is known for developing large, mixed-use communities in California, with projects including Great Park Neighborhoods and Valencia. Five Point's developments aim to include around 40,000 residential homes and 23 million square feet of commercial space, enhancing urban living and community integration.