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    Andrew [Private Investor] • Private Investor

    Andrew [Private Investor]'s questions to Five Point Holdings LLC (FPH) leadership

    Andrew [Private Investor]'s questions to Five Point Holdings LLC (FPH) leadership • Q1 2025

    Question

    A private investor named Andrew asked for the total acreage of entitled commercial land remaining in Irvine and the expected net efficiency of that land if it were converted to residential use.

    Answer

    Executive Daniel Hedigan responded that there are 100 gross acres of commercial land across four sites. He explained that while all open space obligations have been met, the land would not have 100% efficiency due to the need for streets and parks, and he uses a general assumption of 85% efficiency for residential conversion.

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    Andrew [Private Investor]'s questions to Five Point Holdings LLC (FPH) leadership • Q4 2024

    Question

    A private investor named Andrew asked why home sales demand at the Valencia community has not been stronger, noting that lot sales seem to be outpacing home absorption. He also inquired about any impact from a nearby landfill and sought clarification on the strategy to buy back debt at a premium.

    Answer

    Executive Daniel Hedigan explained that Valencia's absorption rate is linked to the currently small number of active builder programs (six), and he expects sales to increase as seven new programs open during 2025, offering more product diversity. He also confirmed the nearby landfill closed on December 31. CFO Kim Tobler added that the company is considering paying a premium to retire debt if the total interest cost savings justify it.

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