Five Point Holdings, LLC (FPH) Stock

Five Point Holdings, LLC (FPH) is a Real Estate stock trading at $5.16 (as of 2026-08-24), with a market capitalization of $1.19B. Figures are sourced from first-party U.S. SEC EDGAR filings and market data.

Five Point Holdings, LLC, through its operating subsidiary, owns and develops mixed-use and planned communities in Orange County, Los Angeles County, and San Francisco County. It operates in the Valencia, San Francisco, Great Park, and Commercial segments, selling residential and commercial land and offering development and property management services to homebuilders, commercial developers, and commercial buyers, and also owns and operates office, medical campus, and other properties.

Understand Five Point Holdings, LLC: how it makes money

Five Point Holdings develops and owns mixed-use and planned communities, and makes money by selling residential and commercial land sites to homebuilders and commercial buyers, earning from development and property management services, and operating/owning commercial properties (including a commercial office and medical campus).

Its profit model is driven by land sale and development activity, with added contribution from ongoing property operations and development or property management services, so results depend heavily on when land is sold and how projects progress.

Business quality (Weak): For 2026-03-31, total revenue is shown as 0.0B, while multiple segment revenue candidates are nonzero, so segment-level revenue allocation is likely unreliable in the provided data.

Valuation: At 8× earnings, FPH trades 76% below the Real Estate average (34×). Note: one-time items can distort reported P/E.

Bull case

Multiple revenue streams tied to development lifecycle: Beyond selling residential and commercial land sites, the company also earns from development and property management services and from operating and owning commercial properties (including a commercial office and medical campus).
Defined project platform across named communities: The company operates through four segments (Valencia, San Francisco, Great Park, and Commercial), reflecting a structured development and asset base in specific metro areas.

Bear case

Near-term profitability pressure: The latest reported operating margin is -43.5%, indicating losses at the operating level for 2026-03-31.
Cash flow exposure to land sale timing: Because a core monetization path is selling land sites to homebuilders and commercial buyers, profitability can be sensitive to the timing and volume of those sales.
Segment reporting reliability concern in the dataset: Segment revenue candidates provided do not reconcile to the stated total revenue of 0.0B for 2026-03-31, limiting confidence in segment attribution.

Valuation — source: SEC EDGAR (first-party)
Price	$5.16
Market Cap	$1.19B

Profitability & Growth — source: SEC EDGAR
Revenue (TTM)	$110.02M
Net Margin	64.5%
Return on Equity	2.3%
Revenue Growth (YoY)	86.0%
FCF Growth (YoY)	-85.6%

Valuation vs Sector & Industry
Sector P/E (Real Estate)	27.3
Industry P/E (Real Estate)	29.6

Smart-Money Activity — SEC Form 4 / 13F / Congressional disclosures
Top Institutional Holder	ROBOTTI ROBERT ($33.71M)
Institutional Holders Tracked	10

Company
Sector	Real Estate
Industry	Real Estate
CEO	Daniel C. Hedigan
Employees	88
Country	US
IPO Date	2017-05-10

Related Companies (Real Estate; 8 comparable real estate companies)

Data as of 2026-08-24.

Figures sourced from U.S. Securities and Exchange Commission (SEC EDGAR) filings and market data. Not personalized investment advice.