Five Point Holdings LLC Class A (FPH)

Five Point Holdings LLC's stock has outperformed the S&P500 Index by +2.32% over the past six months. As of November 20, 2025, the share price was $6.15, a 58.10% increase from $3.89 on November 22, 2024, and has moved by +55.3% over the past 365 days, outperforming the S&P500 Index by +40.4%. The company reported a consolidated net income of $55.7 million for Q3 2025, driven by strong performance from its Great Park Venture. Five Point Holdings entered into an agreement to acquire 75% of Hearthstone, Inc. for $57.6 million. The company issued $450 million in new 8.000% Senior Notes due October 2030 to repurchase existing notes, anticipated to save over $20 million annually in cash interest. Moody's upgraded Five Point Holdings' ratings to B2 with a stable outlook, and S&P Global Ratings upgraded its credit rating to B- with a stable outlook in Q1 2024.

The real estate market in coastal California exhibits seasonal patterns, with demand peaking in the spring and early summer due to favorable weather and families relocating before the school year. Summer sees a slight slowdown, while activity resurges in the fall. Mid-winter experiences a quieter period, but the structural undersupply of housing ensures strong long-term demand.

Five Point Holdings LLC is a real estate development company specializing in the design, ownership, and development of large-scale, mixed-use planned communities in coastal California, operating within the Real Estate sector, specifically in the Real Estate - Development industry. Its major products include residential and commercial land sites, development management services, and the operation and ownership of commercial campuses. The company is recognized as an entitlement and development engine, controlling a significant portion of entitled real estate in its operating regions.

Five Point Holdings LLC's operations are concentrated in Orange County, Los Angeles County, and San Francisco County along the California coast. Key communities and projects include Valencia, the Great Park Neighborhoods, and the Candlestick and The San Francisco Shipyard communities. The company also manages the Five Point Gateway Campus.

Five Point Holdings LLC's financial reputation has seen positive developments, with Moody's upgrading the company's ratings to B2 and S&P Global Ratings upgrading its credit rating to B- in Q1 2024. The company is recognized for its commitment to designing, developing, and operating large, sustainable mixed-use communities in coastal California.

Five Point Holdings is owned by a mix of institutional shareholders (25.94%), Five Point Holdings insiders (43.60%), and retail investors (30.46%). Major institutional owners include Robotti Robert, Private Management Group Inc, Third Avenue Management Llc, Manufacturers Life Insurance Company, The, Immersion Corp, Bank Of America Corp /de/, O'Keefe Stevens Advisory, Inc., JADDX - Fundamental All Cap Core Trust NAV, and Dimensional Fund Advisors Lp. Luxor Capital Group LP is the largest individual shareholder, owning 15.76% of the company's shares.