Overview
Five Point Q2 2025 rev at $7.5 mln, net income $8.6 mln
Co had entered into agreement to acquire Hearthstone, Inc. for $56.25 mln
Five Point ends Q2 with liquidity of $581.6 mln
Outlook
Five Point anticipates 2025 net income consistent with 2024's $177.6 mln
Company expects continued land sales at Great Park Neighborhoods
Five Point plans to close Hearthstone venture in Q3, boosting revenue streams
Result Drivers
LAND SALES - Great Park Venture sold 82 homesites for $63.6 mln, contributing to net income
MARKET CONDITIONS - Homebuilding market faces headwinds from declining consumer confidence and affordability concerns
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q2 Net Income |
| $8.58 mln |
|
Q2 Pretax Profit |
| $9.92 mln |
|
Press Release: ID:nBw2zNK61a