earnings
confidence high
sentiment neutral
materiality 0.60
Five Point Q2 net income $8.6M; agrees to buy Hearthstone for $56.25M
Five Point Holdings, LLC
- Consolidated net income $8.6M, revenues $7.5M; net income attributable to Five Point $3.3M.
- Great Park Venture sold 82 homesites on 5.7 acres for $63.6M; builder sales of 112 homes.
- Entered agreement to acquire Hearthstone, Inc. for $56.25M; expected close in Q3 2025.
- Liquidity $581.6M (cash $456.6M + $125M revolver); debt to total cap 19.1%.
- Management expects 2025 full-year net income consistent with 2024's $177.6M.
item 2.02item 9.01