| Metric | Value ($ M) | Q1 FY26 | Q2 FY25 |
|---|---|---|---|
| Revenue | 13.44 | 3.1% | 90.9% |
| Total Income | 13.44 | 3.1% | 90.9% |
| Expenditure | 21.49 | 7.5% | 9.1% |
| PBT | 36.14 | 711.5% | 264.3% |
| Net Profit | 10.86 | 587.0% | 227.1% |
| OPM | — | ||
| NPM | 80.79% | 97.86pp | 33.66pp |
| EPS | — |
Five Point Holdings Reports Q2 2026 Results
24 Jul 2026 · 24 Jul, 1:47 am
Summary
Five Point Holdings announced its second quarter 2026 results, reporting consolidated revenues of $13.9 million and consolidated net income of $29.9 million. Key business activities included the sale of 17.7 acres of commercial land by the Great Park Venture for $159.3 million and significant distributions received from joint ventures totaling $79.6 million. The company ended the quarter with strong liquidity of $565.9 million. President and Chief Executive Officer Dan Hedigan expressed satisfaction with the net income and liquidity, highlighting the value embedded in their communities and progress towards a more diversified business model, while acknowledging uncertain housing market conditions.
Key Highlights
- 1
Five Point Holdings reported consolidated revenues of $13.9 million for the second quarter of 2026.
- 2
The company reported consolidated net income of $29.9 million for the second quarter of 2026.
- 3
Great Park Venture sold 17.7 acres of commercial land for senior living uses for a purchase price of $159.3 million.
- 4
Distributions and incentive compensation payments from Great Park Venture to the Company totaled $43.6 million.
- 5
Gateway Commercial Venture provided a distribution to the Company of $33.1 million.
- 6
Consolidated net income attributable to the Company was $10.9 million for Q2 2026, or $0.15 per basic and diluted Class A share.
- 7
As of June 30, 2026, the company had total liquidity of $565.9 million, including $348.4 million of cash and cash equivalents.
Management Comments
Dan Hedigan
I am pleased to report that Five Point generated consolidated net income of $29.9 million in the second quarter and ended the quarter with total liquidity of $565.9 million, including $348.4 million of cash and cash equivalents. During the quarter, the Great Park Venture completed the sale of 17.7 acres planned for a senior living retirement community for $159.3 million, further demonstrating the substantial value embedded in our California communities. We also received $79.6 million in distributions and incentive compensation payments from our joint ventures, while continuing to grow our recurring management and investment income through our Hearthstone Venture and the Great Park Venture. These results reflect the progress we are making toward a more diversified and capital-efficient business model. Although housing market conditions remain uncertain, the scarcity of entitled land in our markets continues to support the long-term value of our communities. We remain actively engaged with builders regarding additional homesite sales, and we expect that our remaining land sales activity will occur during the fourth quarter, subject to market conditions. At this time, we are not updating or altering our prior guidance of approximately $100 million in consolidated net income for 2026.
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