|Bid||4.1400 x 1100|
|Ask||4.1500 x 1400|
|Day's Range||4.0900 - 4.2200|
|52 Week Range||3.6200 - 9.3100|
|Beta (5Y Monthly)||1.28|
|PE Ratio (TTM)||N/A|
|Earnings Date||Aug 13, 2020|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||8.50|
Today's conference may include forward-looking statements regarding Five Point's business, financial conditions, operations, cash flow, strategy, and prospects. Forward-looking statements represent only Five Point's estimates on the date of this conference call and are not intended to give any assurance as to the actual future results. Because forward-looking statements relate to matters that have not yet occurred, these statements are inherently subject to risks and uncertainties.
Five Point Holdings, LLC ("Five Point" or the "Company") (NYSE:FPH), an owner and developer of large mixed-use, master-planned communities in California, today reported its second quarter 2020 results. Emile Haddad, Chairman and CEO, said, "While we remain cautious about current market conditions, our strong balance sheet and liquidity position give us confidence, and we are encouraged by the positive sentiment of homebuilders and the consistent pace of home sales at our Great Park Neighborhoods community. The recent commercial sales at the Five Point Gateway Campus are strong evidence of the value we are creating within our communities."
Third Avenue Management recently released its Q2 2020 Investor Letter, a copy of which you can download here. The Third Avenue Real Estate Value Fund posted a return of 10.94% for the quarter as compared to its benchmark, the FTSE EPRA NAREIT Developed Index which returned 10.32% (before fees) in the same quarter. You should […]