Five Point posts Q4 net income of $58.7 mln

Overview

• California community developer's Q4 revenue was $75.9 mln, net income at $58.7 mln

• Company increased borrowing capacity to $217.5 mln, extended credit facility maturity

• Significant land sales completed at Great Park and Valencia segments

Outlook

• Company expects 2026 consolidated annual net income of approximately $100 mln

• Five Point focuses on optimizing land sales amid affordability and consumer confidence concerns

• Company highlights strong liquidity and reduced leverage levels for capital allocation flexibility

Result Drivers

• LAND SALES - Significant land sales at Great Park and Valencia drove revenue, including 13.8 acres of commercial land in Valencia and 187 homesites at Great Park

• EQUITY EARNINGS - Equity in earnings from Great Park Venture contributed $44.9 million to quarterly results

• LIQUIDITY AND LEVERAGE - Strong liquidity and reduced leverage provide flexibility for future growth, with $425.5 million in cash and cash equivalents

Key Details

Press Release: ID:nBw9Kg764a

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