Highest-materiality recent filing
Five Point Q2 net income $29.9M; Great Park land sale $159.3M; reaffirms FY net income ~$100M
Consolidated net income of $29.9M; net income attributable to Company $10.9M.
Elected Kathleen Brown, Gary Hunt, Michael Winer as directors with 115.6M–119.2M votes each.
Five Point Q1 rev $13.6M, net loss $5.0M; FY net income guide ~$100M; authorizes $40M buyback
Consolidated revenue $13.6M, net loss $5.0M; net loss attributable to Five Point $2.2M.
Five Point launches Hearthstone land banking partnership with Blue Owl; warrants issued at $7.00
Five Point (FPH) announces new residential land banking partnership via Hearthstone with funds managed by Blue Owl (OWL).
Five Point reports record FY 2025 net income of $183.5M; guides ~$100M for 2026
Consolidated net income Q4 2025: $58.7M; full year: $183.5M (record).
Five Point Q3 net income $55.7M; sells 326 homesites; issues $450M 8% notes due 2030
Consolidated net income of $55.7M in Q3; revenue of $13.5M primarily from management services.
Five Point upsizes revolving credit facility to $217.5M, extends maturity to July 2029
Revolving credit facility increased from $125M to $217.5M, with option to further increase to $300M.
Five Point issues $450M 8% senior notes due 2030, refinances higher-cost 2028 and 2025 notes
Issued $450.0M aggregate principal amount of 8.000% Senior Notes due October 1, 2030.
$523.5M outstanding notes tendered 90.07% ($471.5M); purchase price $1,008.57 per $1,000 principal.
Five Point Operating Co. prices $450M senior notes at 8.000% due 2030 to refinance existing debt
Five Point Operating Company, LP priced $450M of 8.000% senior notes due 2030 at par.
Five Point launches $450M senior notes offering and cash tender offer for $523.5M 2028 notes
$450M aggregate principal of senior notes due 2030 offered by Five Point Operating Company, LP and Five Point Capital Corp.
Five Point Holdings furnishes updated corporate presentation; no material details in excerpt
Filed Item 7.01 disclosure of updated presentation for investor meetings.
Five Point amends SF development deal; raises debt limit to $5.9B, extends timelines
Amendment allows transfer of up to 2,050,000 sq ft of R&D/office from Shipyard to Candlestick.
Five Point Q2 net income $8.6M; agrees to buy Hearthstone for $56.25M
Consolidated net income $8.6M, revenues $7.5M; net income attributable to Five Point $3.3M.
Purchase price $56.25M cash (up to $3M in Five Point shares) for 75% of Class A Units in Hearthstone Residential Holdings.
Five Point Holdings shareholders elect three directors, approve say-on-pay and auditor ratification
William Browning, Sam Levinson, and Michael Rossi elected as directors with over 120M votes each.
Five Point Q1 net income $60.6M; Great Park homesite sales of $278.9M; S&P upgrades rating
Consolidated net income $60.6M; net income attributable to company $23.3M.
Q4 consolidated revenues $159.8M; net income $121M (record); FY net income $177.6M (record).
Director Evan Carruthers resigns from Five Point board after Castlelake sale to Glick closes Oct 22
Resignation effective October 22, 2024, upon closing of Castlelake equity interest sale to Glick Family Investments.
Five Point Q3 2024 net income $12.3M, reaffirms FY guidance >$100M
Consolidated net income $12.3M (sixth consecutive profitable quarter); net income attributable to Company $4.8M.
Sam Levinson, CIO of Glick Family Investments, appointed to Board as Class I director effective Oct 16, 2024.
Five Point Holdings extends Great Park DMA to 2026, raises base fee to $13.5M
DMA extended through Dec 31, 2026 (was Dec 31, 2024).
Five Point Q2 net income $38.2M; guides FY net income over $100M, cash >$300M
Consolidated net income $38.2M on revenue $51.2M; net income attributable to Company $14.7M.
Five Point extends $100M of revolving credit facility maturity to July 2027; adds $150M accordion
Maturity extended to July 2027 for $100M of $125M facility; $25M Citibank commitment remains due April 2026.
Elected Evan Carruthers, Jonathan Foster, Emile Haddad, and Stuart Miller as directors (each received >124M votes) until 2027.
Five Point Q1 net income $6.1M; sold 82 homesites for $74.6M; notes exchange reduces debt $100M
Consolidated revenues $9.9M, net income $6.1M; net income attributable to company $2.3M.
Five Point Holdings appoints Michael Alvarado as COO effective March 1, 2024
Michael Alvarado named COO, retains roles as Chief Legal Officer, VP, and Secretary.
Five Point Q4 net income $58.7M; exchanges $623.5M notes for new 10.5% notes due 2028
Q4 consolidated revenues $118.8M, net income $58.7M; FY 2023 revenues $211.7M, net income $113.7M.
Five Point exchanges 99.76% of 7.875% notes due 2025 for new 10.5%-12% notes due 2028
Exchanged $623.5M of $625M outstanding 7.875% senior notes due 2025 for $523.5M in new 10.5%-12% notes plus $100M cash.
Five Point: 99.74% of $625M 7.875% notes tendered for 10.5% notes due 2028
$623.4M (99.74%) of outstanding 7.875% Senior Notes due 2025 validly tendered for exchange.
Five Point begins exchange of $625M 7.875% notes due 2025 for new 10.5% notes due 2028
Commences exchange offer for any and all $625M outstanding 7.875% Senior Notes due 2025.
Five Point extends $125M revolving credit facility maturity to April 2026
Maturity extended from April 2024 to April 2026; springing earlier to July 2025 if most senior notes not refinanced.
Five Point reports Q3 net income of $14.2M, land sales of $60.6M
Consolidated revenues $65.9M; net income $14.2M; net income attributable to company $6.6M.
Five Point appoints Kim Tobler as CFO effective Sept 15, 2023
Kim Tobler named CFO, Treasurer and VP; previously VP Treasury and Tax since 2016.
Five Point Q2 net income $50.6M, Great Park sold 798 homesites
Consolidated net income of $50.6M; net income attributable to company of $23.6M.
Five Point Holdings annual meeting results: all proposals approved
Elected directors Kathleen Brown, Gary Hunt, Michael Winer with >98% of votes cast each.
Five Point Q1 net loss $9.7M; Great Park and Valencia builder sales more than double QoQ
Consolidated revenue of $5.7M; net loss of $9.7M, including $4.5M attributable to the company.
Five Point Q4 net income $22.5M; full-year net loss $34.8M; Great Park land sale $240M
Great Park Venture closed sale of 42 acres commercial land for $240M; company received $52.7M distribution from its 37.5% interest.
Five Point extends Great Park development management contract to Dec 2024; terms unchanged
DMA extended through Dec 31, 2024; base fee remains $1M/month in 2023, similar in 2024.
Five Point Holdings Q3 net loss $9.5M; revenues $15.4M; SG&A down 42%
Q3 consolidated revenue $15.4M, net loss $9.5M; net loss attributable to Company $4.4M.
Five Point Holdings Q2 2022: Net loss $11M, revenues $5.4M
Revenues $5.4M from management services; consolidated net loss $11.0M.
Five Point amends Great Park DMA; base fee $12M for 2022, term to Dec 31
Project Team Reimbursement eliminated; Base Fee increased to $12M for 2022, vs ~$18M combined in 2021.
Five Point Holdings elects directors and ratifies auditor at 2022 annual meeting
Elected William Browning with 120.2M votes for and Michael Rossi with 106.8M votes for to serve until 2025.
Five Point Q1 2022 net loss $36.8M; restructuring charges $19.4M; headcount cut 29%
Consolidated revenues of $4.9M; net loss attributable to company of $17.1M.
Five Point Holdings Q4 2021 net income $47.5M; Valencia sells 643 homesites for $167.3M
Q4 revenue $182.2M; net income attributable to company $22.5M.
Five Point names Dan Hedigan as CEO; Lynn Jochim steps down as President/COO
Daniel Hedigan appointed CEO effective Feb 9, 2022; base salary $600K, target bonus $1.6M, equity grant $800K.
CFO Erik Higgins to resign after 10-K filing; VP Leo Kij to serve as interim CFO
Erik Higgins notified intent to resign as CFO and VP on January 20, 2022.
Five Point reports Q3 2021 net loss of $8.2M; revenue $20.7M; home sales up 44% YTD
Consolidated net loss of $8.2M; net loss attributable to company of $3.8M.
Founder/CEO Emile Haddad transitions from day-to-day roles effective Sept 30, 2021; remains Chairman Emeritus and Board member.
Five Point Q2 2021: Great Park Venture sells 774 homesites for $328.2M; net loss $2.3M
Great Park Venture sold 774 homesites on ~58 acres for $328.2M base price; Five Point received $98.3M in distributions.
The sale of Castlelake’s equity interests to Glick closed on October 22, 2024. As contemplated by Mr. Carruthers’ resignation notice, his resignation from the Board became effective on the same day.
the Board elected Sam Levinson as a Class I director, effective immediately
Evan Carruthers, who has served as a member of the Board since 2009, informed the Board of his decision to resign from the Board, effective as of the close of the sale to Glick of the equity interests in the Company and its subsidiaries owned by Castlelake, L.P.
On March 1, 2024, Five Point Holdings, LLC (the “Company”) announced the appointment of Michael Alvarado as Chief Operating Officer of the Company, effective immediately.
On September 15, 2023, Five Point Holdings, LLC (the “Company”) announced the appointment of Kim Tobler as Chief Financial Officer, Treasurer and Vice President of the Company, effective immediately.
Concurrent with the appointment of Mr. Tobler, the Company also announced that Leo Kij, the Company’s Interim Chief Financial Officer, would be transitioning into a role as Vice President – Financial Reporting of the Company, effective immediately.
On February 9, 2022, Five Point Holdings, LLC (the “Company”) announced the appointment of Daniel Hedigan as Chief Executive Officer of the Company, effective immediately.
The Company also announced that its President and Chief Operating Officer, Lynn Jochim, will step down and transition from such positions effective February 14, 2022.
On January 20, 2022, Erik Higgins, Chief Financial Officer and Vice President of Five Point Holdings, LLC (the “Company”), provided notice of his intent to resign from the Company.
Upon the effective date of Mr. Higgins’ resignation, Leo Kij, Vice President and Corporate Controller of the Company, will serve as the Company’s interim Chief Financial Officer until Mr. Higgins’ successor is appointed.
the Board elected Stuart Miller to the newly created position of Executive Chairman
Emile Haddad, will step down and transition from such positions effective September 30, 2021.
Max materiality 0.80 · Median 0.65 · Most common event earnings