Five Point Holdings reported second-quarter 2026 results with revenue rising to $13.9M and diluted EPS of $0.15, driven by growth in management services and fee-based income tied to its Hearthstone platform and Great Park incentives; consolidated net income was $29.9M for the quarter.
Financial Highlights
- Revenue: $13.9M for Q2 2026, up from $7.5M in the year-ago quarter; YoY change 86.0%.
- Net income: $29.9M for Q2 2026 (consolidated); net income attributable to the company $10.9M, versus $8.6M in the year-ago quarter.
- Diluted EPS: $0.15 for Q2 2026, compared with $0.05 in the year-ago quarter.
Business Highlights
- Revenue Growth: Management services revenue surged year over year, led by the Hearthstone launch and higher Great Park incentive fees, contributing to consolidated revenue growth.
- Channel Shift: The Hearthstone asset-management platform expanded assets under management to about $3.4B, supporting capital-light, fee-based revenue diversification.
- Brand Momentum: Operational demand remained strong at Valencia and Great Park with steady homebuilder engagement and buyer interest despite broader market headwinds.
- Operational Milestones: Great Park completed a $159M commercial land sale; contributions from the Gateway note and received distributions supported liquidity.
- Development Progress: Candlestick advanced with subdivision maps recorded and grading planned while Valencia and Great Park continue phased horizontal development.
Original SEC Filing:
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