Five Point Holdings (FPH) Company Report

Five Point Holdings reported a consolidated net income of $55.7 million for Q3 2025, primarily driven by the Great Park Venture's sale of 326 home sites on 26.6 acres for an aggregate base purchase price of $257.7 million, resulting in Five Point's share of earnings being $69.5 million.
The company successfully refinanced its debt by issuing $450 million in new 8% senior notes due 2030 to repurchase and redeem $523.5 million of its prior 10.5% senior notes due 2028, which is expected to benefit future cash flows by saving over $20 million a year. Moody's upgraded the corporate credit rating and senior notes rating to B2 with a stable outlook.
Five Point closed the acquisition of a 75% ownership interest in the Hearthstone Residential Holdings Land Banking Venture for $57.6 million in July 2025, expanding its national platform for capital solutions to home builders and growing Hearthstone's assets under management to approximately $3 billion.
Management reiterated its guidance to end 2025 with net income consistent with 2024 earnings of $176.3 million, supported by expected land sales in Q4 and continuing management services revenues.

Oct 29, 2025, 9:00 PM

Five Point Holdings, LLC Announces Q3 2025 Results and Capital Structure Enhancements

FPH

Earnings

Debt Issuance

Guidance Update

Five Point Holdings, LLC reported consolidated net income of $55.7 million and net income attributable to the Company of $21.1 million for the third quarter of 2025, with consolidated revenues of $13.5 million.
The Great Park Venture sold 326 homesites on 26.6 acres of land for an aggregate base purchase price of $257.7 million during Q3 2025.
The company enhanced its capital structure by issuing $450.0 million in new 8.000% Senior Notes due October 2030 and purchasing or redeeming $523.5 million 10.500% Senior Notes due January 2028.
As of September 30, 2025, Five Point Holdings, LLC maintained cash and cash equivalents of $351.1 million and total liquidity of $476.1 million.
The company expects full-year 2025 consolidated net income to be in line with its 2024 results.

Oct 29, 2025, 8:12 PM

Five Point Holdings Reports Third Quarter 2025 Results

FPH

Earnings

Debt Issuance

New Projects/Investments

Five Point Holdings, LLC reported consolidated net income of $55.7 million and consolidated revenues of $13.5 million for the third quarter of 2025.
As of September 30, 2025, the company maintained total liquidity of $476.1 million, which included $351.1 million in cash and cash equivalents.
During the quarter, the Great Park Venture sold 326 homesites for an aggregate base purchase price of $257.7 million, and Five Point Holdings acquired a 75% interest in Hearthstone Residential Holdings, LLC for $57.6 million.
The company also issued $450.0 million in new 8.000% Senior Notes due October 2030, and its senior notes and corporate ratings were upgraded or affirmed by Moody's, S&P Global Ratings, and Fitch Ratings in September 2025.

Oct 29, 2025, 8:10 PM

Five Point Holdings, LLC establishes Indenture for 8.000% Senior Notes Due 2030

FPH

Debt Issuance

Five Point Operating Company, LP and Five Point Capital Corp. entered into an Indenture on September 25, 2025, for 8.000% Senior Notes Due 2030.
The Indenture defines various financial terms and covenants, including how "Acquired Debt," "Consolidated Funded Indebtedness," and "Fixed Charge Coverage Ratio" are calculated and applied.
It establishes limitations on "Restricted Payments," such as dividends and share repurchases, with specific annual thresholds including $20.0 million for certain Equity Interest repurchases and a general limit of the greater of $75.0 million and 2.5% of Consolidated Tangible Assets for other restricted payments.
The document also permits the incurrence of additional indebtedness up to the greater of $120.0 million and 4.0% of Consolidated Tangible Assets.

Sep 25, 2025, 11:08 PM

Five Point Announces Pricing of Senior Notes

FPH

Debt Issuance

Five Point Operating Company, LP, along with Five Point Capital Corp., priced $450 million aggregate principal amount of 8.000% senior notes due 2030.
The issuance is expected to close on or about September 25, 2025, with proceeds intended to purchase and redeem existing 10.500% Initial Rate Senior Notes due 2028 and 7.875% Senior Notes due 2025.

Sep 16, 2025, 1:23 AM

Five Point Holdings Announces $450M Senior Notes Offering

FPH

Debt Issuance

Five Point Holdings has announced a $450 million senior notes offering due 2030 through its operating subsidiaries.
The proceeds from this offering are intended to fund a tender offer to repurchase outstanding 10.5% Initial Rate Senior Notes due 2028 and redeem notes maturing in 2025, aiming to optimize the company's debt structure.
The tender offer is contingent upon the new senior notes issuance and is set to expire on September 19, 2025, with an expected payment date for accrued interest on September 25, 2025.
Analysts currently rate Five Point Holdings stock as a Buy, citing strong financial performance and attractive valuation.

Sep 15, 2025, 12:01 PM

Earnings Transcripts

Quarterly earnings call transcripts for Five Point Holdings.

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