Quarterly ResultJul 24, 2026, 05:16 PM
Five Point Holdings Q2 Net Income Attributable to Co. Up 227% to $10.9M
AI Summary
Five Point Holdings reported a significant increase in net income attributable to the company for the three months ended June 30, 2026, reaching $10.9 million, up from $3.3 million in the prior year. Total revenues for the quarter also rose to $13.9 million, driven by a substantial increase in related-party management services. However, net income attributable to the company for the six-month period decreased to $8.6 million from $26.6 million, primarily due to lower equity in earnings from unconsolidated entities and increased cash outflow from operations.
Key Highlights
- Net income attributable to the company for Q2 2026 increased 227% to $10.9 million.
- Total revenues for Q2 2026 rose 86% to $13.9 million.
- Management services—related party revenue for Q2 2026 grew 111% to $14.7 million.
- Net income attributable to the company for H1 2026 decreased 67.5% to $8.6 million.
- Equity in earnings from unconsolidated entities for H1 2026 decreased to $40.9 million.
- Net cash used in operating activities for H1 2026 increased to $54.7 million outflow.
- Cash and cash equivalents were $348.4 million as of June 30, 2026.
Price Impact
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