Five Point Holdings LLC

Five Point Holdings, LLC designs, develops, and owns mixed-use planned communities in California, United States. It operates through the Valencia, San Francisco, Great Park, and Hearthstone segments, selling residential and commercial land sites to homebuilders, commercial developers, and commercial buyers. The company also provides development management services and asset management services to land banking funds focused primarily on acquiring, developing, and managing residential lot option programs. Formerly known as Newhall Holding Company, LLC, it changed its name to Five Point Holdings, LLC in May 2016, was incorporated in 2009, and is headquartered in Irvine, California.

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Five Point reaffirms $100M 2026 net income, shifts remaining land sales to Q4

Five Point Holdings reaffirmed its guidance of approximately $100 million in consolidated net income for 2026, while shifting expected remaining land sales activity to the fourth quarter. The company reported second-quarter consolidated net income of $29.9 million, driven largely by a Great Park Venture sale of 17.7 acres of commercial land for $159.3 million, representing a land value of $9 million per acre. CEO Daniel Hedigan cited market uncertainty and interest-rate sensitivity as factors that could affect timing, but emphasized the company is not prepared to compromise on land value. Total liquidity stood at $565.9 million, including $348.4 million in cash, with a debt-to-capital ratio of 16.2%. Management also highlighted the expansion of its fee-based Hearthstone asset management platform as a capital-light growth driver.

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