Five Point Holdings, LLC

Listed Company

FPHCIK 0001574197NYSEAcceleratedReal EstateDelawareNZFY ends Dec 31

Period

FY 2025

Revenue

$110.02M

Net Income

$70.97M

Total Assets

$3.25B

Equity

—

Shares Out

—

Op. Cash Flow

$105.23M

Business

Five Point Holdings, LLC is an owner and developer of large mixed-use planned communities in California. It plans and develops residential and commercial real estate, providing horizontal land development, entitlements, lot sales and development management services and opportunistically retaining commercial or multi‑family assets. Its operations are organized into three reportable segments tied to its Valencia, San Francisco (Candlestick and The San Francisco Shipyard) and Great Park Neighborhoods communities. The company develops and sells homesites and commercial lots to homebuilders and developers through direct sales, competitive bidding and joint ventures across Los Angeles County, San Francisco County and Orange County.

Summary from filing dated 2025-02-24

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Revenues	110	238	212	43	224
Selling, general, and administrative	61	51	51	55	77
Total costs and expenses	117	170	185	102	221
Interest income	17	11	7	826,000	94,000
Loss on debt extinguishment	−2	0	0	—	—
Miscellaneous	820,000	−6	−776,000	245,000	4
Total other income	16	5	6	1	4
EQUITY IN EARNINGS FROM UNCONSOLIDATED ENTITIES	204	133	77	22	6
INCOME BEFORE INCOME TAX (PROVISION) BENEFIT	212	205	109	−36	13
INCOME TAX (PROVISION) BENEFIT	−29	−28	4	2	325,000
NET INCOME	184	178	114	−35	13
LESS NET INCOME ATTRIBUTABLE TO NONCONTROLLING INTERESTS	113	109	58	−19	7
NET INCOME ATTRIBUTABLE TO THE COMPANY	71	68	55	−15	7

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
INVENTORIES	2,443	2,298	2,213	2,239	2,097
INVESTMENT IN UNCONSOLIDATED ENTITIES	153	185	253	332	375
PROPERTIES AND EQUIPMENT, NET	29	29	29	30	31
INTANGIBLE ASSETS, NETRELATED PARTY	17	9	25	40	51
GOODWILL	70	0	—	—	—
CASH AND CASH EQUIVALENTS	426	431	354	132	265
RESTRICTED CASH AND CERTIFICATES OF DEPOSIT	992,000	992,000	992,000	992,000	1
TOTAL	3,249	3,076	2,969	2,886	2,943
Notes payable, net	443	526	622	621	619
Accounts payable and other liabilities	106	100	82	94	115
Related party liabilities	71	63	78	93	—
Deferred income tax liability, net	58	34	7	12	13
Payable pursuant to tax receivable agreement	182	173	173	173	174
Total liabilities	860	896	962	993	1,018
COMMITMENTS AND CONTINGENT LIABILITIES (Note 14)	—	—	—	—	—
REDEEMABLE NONCONTROLLING INTERESTS	70	25	25	25	25
Contributed capital	617	594	592	588	588
Retained earnings	228	157	89	33	49
Accumulated other comprehensive loss	−2	−1	−2	−3	−2
Total members capital	843	749	678	618	634
Noncontrolling interests	1,475	1,406	1,304	1,250	1,266
Total capital	2,318	2,155	1,982	1,868	1,900
TOTAL	3,249	3,076	2,969	2,886	2,943

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Deferred income taxes	21	24	−4	−1	420,000
Depreciation and amortization	9	19	20	17	26
Share-based compensation	8	4	4	6	8
Inventories	−142	−81	28	−140	−104
Related party assets	23	−20	11	2	−383,000
Other assets	378,000	−12	4	3	−1
Accounts payable and other liabilities	−7	21	−12	−22	−18
Related party liabilities	8	−15	−11	4	2
Net cash provided by operating activities	105	116	154	−188	−81
Contributions to unconsolidated entities	−7	0	0	—	—
Acquisition of Hearthstone Venture, net of cash acquired	−55	0	0	—	—
Purchase of properties and equipment	−217,000	−808,000	−23,000	−75,000	−154,000
Net cash (used in) provided by investing activities	−7	70	77	64	75
Proceeds from senior notes offering	450	0	0	—	0
Repayments of notes payable	−530	−100	0	0	0
Payment of financing costs	−9	−474,000	−687,000	0	−686,000
Reacquisition of share-based compensation awards for tax-withholding purposes	−2	−823,000	−202,000	−3	−2
Related party reimbursement obligation	0	0	−4	−7	−19
Tax distributions to noncontrolling interests	−13	−8	−4	−435,000	−4
Distributions to redeemable noncontrolling interests	−399,000	0	0	—	—
Net cash used in financing activities	−104	−109	−9	−10	−27
NET (DECREASE) INCREASE IN CASH AND CASH EQUIVALENTS, AND RESTRICTED CASH	−5	77	222	−134	−33

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