earnings
confidence high
sentiment positive
materiality 0.80
Five Point Holdings reports Q4 net income of $121M; FY 2024 net income $177.6M, expects 10% growth in 2025
Five Point Holdings, LLC
- Q4 consolidated revenues $159.8M; net income $121M (record); FY net income $177.6M (record).
- Valencia sold 493 homesites for $137.9M; Great Park Venture sold 372 homesites for $309.3M.
- Great Park Venture distributions to company totaled $121.5M in Q4 and $231M for full year.
- Gateway Commercial Venture sold remaining interest in Gateway Campus for $88.5M; company received $17.2M.
- CEO expects 2025 consolidated net income to exceed 2024 by ~10%, targeting ~$200M.