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Five Point Holdings Llc (FPH)
NYSE:FPH
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Earnings Data
Report Date
Mar 12, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
―Last Year’s EPS
$0.21Same Quarter Last Year
Based on 0 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Oct 17, 2024
|% Change Since: -14.76%
|Next Earnings Date:Mar 12, 2025
Earnings Call Sentiment|Positive
The earnings call reflects a strong financial performance with consistent profitability and successful land sales, particularly in the Great Park Community. Despite challenges in the macroeconomic environment and commercial land sales, the company's strategic focus and liquidity position provide a positive outlook for future growth.Company Guidance
During the Five Point Holdings LLC Q3 2024 earnings call, the company provided updated guidance for the remainder of the year, reflecting strong performance and strategic focus. The management team reported a Q3 net income of $12.3 million, driven largely by the Great Park community's operations, including two retail land sales totaling 12.8 acres for $25.4 million and additional revenue of $36 million from price and profit participation programs. The company extended its management agreement for the Great Park Venture through 2026, securing an increased base management fee and maintaining incentive compensation levels. Looking ahead, Five Point expects to exceed previous guidance, projecting over $100 million in annual net income and cash in excess of $300 million by year-end, with anticipated future land sales and development projects poised to further bolster financial results.Strong Net Income
Generated stronger-than-expected net income of $12.3 million, marking the sixth consecutive quarter of profitability.
Great Park Community Success
Closed 2 retail land sales totaling 12.8 acres for $25.4 million, and recognized additional revenue of approximately $36 million.
Great Park Venture Milestone
Legacy interests in Great Park Venture have been satisfied, allowing 100% of distributions to go to percentage interest holders.
Liquidity and Cash Position
Ended the third quarter with $224.5 million in cash and $349.5 million in total liquidity, with no debt drawn on the $125 million revolver.
Extension of Management Agreement
Great Park partners agreed to extend the management agreement through 2026, with an increased base management fee.
Positive Guidance for Year-End
Expected to end the year with annual net income between $120 million and $140 million, and cash balance between $320 million and $350 million.
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FPH Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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FPH Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Oct 17, 2024 | $4.20 | $4.09 | -2.62% |
| Jul 18, 2024 | $3.01 | $3.12 | +3.65% |
| Apr 18, 2024 | $3.10 | $3.09 | -0.32% |
| Jan 18, 2024 | $2.97 | $3.07 | +3.37% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Five Point Holdings Llc (FPH) report earnings?
Five Point Holdings Llc (FPH) is schdueled to report earning on Mar 12, 2025, TBA Not Confirmed.
What is Five Point Holdings Llc (FPH) earnings time?
Five Point Holdings Llc (FPH) earnings time is at Mar 12, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is FPH EPS forecast?
Currently, no data Available
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