Form 8-K - Current report

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 OR 15(d)

of The Securities Exchange Act of 1934

January 23, 2025

Date of report (date of earliest event reported)

FIVE POINT HOLDINGS, LLC

(Exact name of registrant as specified in its charter)



Delaware	001-38088	27-0599397
(State or other jurisdiction of incorporation)	(Commission File Number)	(I.R.S. Employer Identification No.)

2000 FivePoint

4th Floor

Irvine

California

92618

(Address of Principal Executive Offices)

(Zip code)

(949) 349-1000

(Registrant’s telephone number, including area code)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class

Trading
Symbol(s)

Name of each exchange
on which registered

Class A common shares

FPH

New York Stock Exchange

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item 2.02. Results of Operations and Financial Condition.

On January 23, 2025, Five Point Holdings, LLC issued a press release announcing its results of operations for the three months and twelve months ended December 31, 2024. A copy of the press release is furnished as Exhibit 99.1 to this Current Report on Form 8-K.

Item 9.01. Financial Statements and Exhibits.

(d) Exhibits.


99.1			Press Release, dated January 23, 2025
104			Cover Page Interactive Data File (embedded within the Inline XBRL document)

SIGNATURES

Pursuant to the requirements of the Securities and Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned duly authorized.

Date: January 23, 2025


FIVE POINT HOLDINGS, LLC

By:			/s/ Michael Alvarado
Name:			Michael Alvarado
Title:			Chief Operating Officer, Chief Legal Officer, Vice President and Secretary

Exhibit 99.1

Five Point Holdings, LLC Reports Fourth Quarter and Year-End 2024 Results

Fourth Quarter 2024 Highlights

•Valencia sold 493 homesites on 54.4 acres of land for an aggregate purchase price of $137.9 million.

•Great Park Venture sold 372 homesites on 32.2 acres of land for an aggregate purchase price of $309.3 million.

•Great Park Venture distributions and incentive compensation payments to the Company totaled $121.5 million.

•Gateway Commercial Venture distribution to the Company of $17.2 million from proceeds generated by the sale of the Gateway Commercial Venture’s remaining interests in the Five Point Gateway Campus.

•Valencia builder sales of 74 homes during the quarter.

•Great Park builder sales of 143 homes during the quarter.

•Consolidated revenues of $159.8 million; consolidated net income of $121.0 million.

•Cash and cash equivalents of $430.9 million as of December 31, 2024.

•Debt to total capitalization ratio of 19.6% and liquidity of $555.9 million as of December 31, 2024.

Additional 2024 Highlights

•Great Park Venture recognized land sale revenue of $505.3 million from the sale of 12.8 acres of commercial land and 559 homesites on 56.1 acres of land.

•Great Park Venture distributions and incentive compensation payments to the Company totaled $231.0 million.

•Valencia builder sales of 348 homes during the year.

•Great Park builder sales of 441 homes during the year.

•Consolidated revenues of $237.9 million; consolidated net income of $177.6 million.

•In January 2024, exchanged $623.5 million of existing 7.875% Senior Notes due November 2025 for $100.0 million in cash and $523.5 million in new 10.500% initial rate Senior Notes due January 2028.

•In April 2024, S&P Global Ratings upgraded our outlook to stable, upgraded our senior notes rating to B, and upgraded our corporate rating to B-.

•In September 2024, renewed the development management agreement with Great Park Venture through December 31, 2026.

Irvine, CA, January 23, 2025 (Business Wire) – Five Point Holdings, LLC (“Five Point” or the “Company”) (NYSE:FPH), an owner and developer of large mixed-use planned communities in California, today reported its fourth quarter and year-end 2024 results.

Dan Hedigan, Chief Executive Officer, said, “I am pleased to report that we finished 2024 strong, with consolidated net income for the quarter of $121.0 million, giving us consolidated net income for the year of $177.6 million and total cash and cash equivalents of $430.9 million and total liquidity of $555.9 million as of year-end. This is our seventh consecutive quarter reporting net income, and the net income numbers for the quarter and the full year represent new high-water marks for the Company.

During the quarter, we saw multiple significant residential land sales close at both our Valencia and Great Park Neighborhoods communities, and our Gateway Commercial Venture sold its remaining interests in the Five Point Gateway Campus to City of Hope. Although the interest rate environment is still uncertain, homebuilder demand for our land remains strong. Successful execution on our key operating priorities over the past few years has positioned us to seek out new growth opportunities, which will be an important initiative for the Company in 2025. Based on our current expectations, we believe that we will see consolidated annual net income for 2025 exceed 2024, with annual earnings growth of approximately 10%, bringing us close to $200 million in net income.”

Consolidated Results

Liquidity and Capital Resources

As of December 31, 2024, total liquidity of $555.9 million was comprised of cash and cash equivalents totaling $430.9 million and borrowing availability of $125.0 million under our unsecured revolving credit facility. Total capital was $2.2 billion, reflecting $3.1 billion in assets and $0.9 billion in liabilities and redeemable noncontrolling interests.

Results of Operations for the Three Months Ended December 31, 2024

Revenues. Revenues of $159.8 million for the three months ended December 31, 2024 were primarily generated from land sales at our Valencia segment. At Valencia we closed the sale of land entitled for an aggregate of 493 homesites on 54.4 acres. The fixed base purchase price of $137.9 million was paid at closing.

Equity in earnings from unconsolidated entities. Equity in earnings from unconsolidated entities was $87.5 million for the three months ended December 31, 2024. The Great Park Venture generated net income of $217.7 million during the three months ended December 31, 2024, and our share of the net income from our 37.5% percentage interest, adjusted for basis differences, was $74.6 million. Additionally, we recognized $13.0 million in earnings from our 75% interest in the Gateway Commercial Venture.

During the three months ended December 31, 2024, the Great Park Venture sold 372 homesites on 32.2 acres of land at the Great Park Neighborhoods for an aggregate purchase price of $309.3 million. The Great Park Venture made aggregate distributions of $255.2 million to holders of Percentage Interests during the three months ended December 31, 2024. We received $95.7 million for our 37.5% Percentage Interest.

During the three months ended December 31, 2024, the Gateway Commercial Venture sold its remaining interests in the Five Point Gateway Campus, which included an approximately 189,000 square foot office building and approximately 50 acres of commercial land with additional development rights at the Five Point Gateway Campus, for a purchase price of $88.5 million. The purchase price consisted of $45.0 million in cash paid at closing and a $43.5 million note that matures in December 2026. After retiring the Gateway Commercial Venture’s outstanding debt, the Gateway Commercial Venture made distributions to its members, of which we received $17.2 million.

Upon completion of the asset sale, the Company’s property management agreement with the Gateway Commercial Venture was terminated and the Company is no longer managing any commercial operations at the Five Point Gateway Campus. Although the Gateway Commercial Venture no longer has any commercial operations, the Company’s investment in the Gateway Commercial Venture will remain outstanding through the maturity date of the note that was received as consideration on the sale.

Selling, general, and administrative. Selling, general, and administrative expenses were $14.2 million for the three months ended December 31, 2024.

Net income. Consolidated net income for the quarter was $121.0 million. Net income attributable to noncontrolling interests totaled $74.5 million, resulting in net income attributable to the Company of $46.5 million. Net income attributable to noncontrolling interests represents the portion of income allocated to related party partners and members that hold units of the operating company and the San Francisco Venture. Holders of units of the operating company and the San Francisco Venture can redeem their interests for either, at our election, our Class A common shares on a one-for-one basis or cash. In connection with any redemption or exchange, our ownership of our operating subsidiaries will increase thereby reducing the amount of income allocated to noncontrolling interests in subsequent periods.

Results of Operations for the Twelve Months Ended December 31, 2024

Revenues. Revenues of $237.9 million for the twelve months ended December 31, 2024 were primarily generated from land sales at our Valencia segment and from management services. At Valencia we closed the sale of land entitled for an aggregate of 493 homesites on 54.4 acres. The fixed base purchase price of $137.9 million was paid at closing.

Equity in earnings from unconsolidated entities. Equity in earnings from unconsolidated entities was $132.6 million for the twelve months ended December 31, 2024. The Great Park Venture generated net income of $349.2 million during the twelve months ended December 31, 2024, and our share of the net income from our 37.5% percentage interest, adjusted for basis differences, was $119.8 million. Additionally, we recognized $12.3 million in earnings from our 75% interest in the Gateway Commercial Venture generated from a gain on the sale of its assets at the Five Point Gateway Campus as described above.

During the twelve months ended December 31, 2024, the Great Park Venture closed two commercial land sales planned for retail uses totaling 12.8 acres for an aggregate purchase price of $25.4 million and sold 559 homesites on 56.1 acres of land at the Great Park Neighborhoods for an aggregate purchase price of $480.0 million. The Great Park Venture made aggregate distributions of $18.1 million to holders of Legacy Interests and $485.1 million to holders of Percentage Interests during the twelve months ended December 31, 2024. We received $181.9 million for our 37.5% Percentage Interest.

Selling, general, and administrative. Selling, general, and administrative expenses were $51.2 million for the twelve months ended December 31, 2024.

Net income. Consolidated net income for the year was $177.6 million. Net income attributable to noncontrolling interests totaled $109.3 million, resulting in net income attributable to the Company of $68.3 million.

Conference Call Information

In conjunction with this release, Five Point will host a conference call on Thursday, January 23, 2025 at 5:00 p.m. Eastern Time. Interested investors and other parties can listen to a live Internet audio webcast of the conference call that will be available on the Five Point website at ir.fivepoint.com. The conference call can also be accessed by dialing (877) 451-6152 (domestic) or (201) 389-0879 (international). A telephonic replay will be available starting approximately three hours after the end of the call by dialing (844) 512-2921, or for international callers, (412) 317-6671. The passcode for the live call and the replay is 13751213. The telephonic replay will be available until 11:59 p.m. Eastern Time on February 1, 2025.

About Five Point

Five Point, headquartered in Irvine, California, designs and develops large mixed-use planned communities in Orange County, Los Angeles County, and San Francisco County that combine residential, commercial, retail, educational, and recreational elements with public amenities, including civic areas for parks and open space. Five Point’s communities include the Great Park Neighborhoods® in Irvine, Valencia® in Los Angeles County, and Candlestick® and The San Francisco Shipyard® in the City of San Francisco. These communities are designed to include up to approximately 40,000 residential homes and up to approximately 23 million square feet of commercial space.

Forward-Looking Statements

This press release contains forward-looking statements that are subject to risks and uncertainties. These statements concern expectations, beliefs, projections, plans and strategies, anticipated events or trends and similar expressions concerning matters that are not historical facts. When used, the words “anticipate,” “believe,” “expect,” “intend,” “may,” “might,” “plan,” “estimate,” “project,” “should,” “will,” “would,” “result” and similar expressions that do not relate solely to historical matters are intended to identify forward-looking statements. Forward-looking statements include, among others, statements that refer to: our expectations of our future home sales and/or builder sales; the impact of inflation and interest rates; our future revenues, costs and financial performance, including with respect to cash generation and profitability; and future demographics and market conditions, including housing supply levels, in the areas where our communities are located. We caution you that any forward-looking statements included in this press release are based on our current views and information currently available to us. Forward-looking statements are subject to risks, trends, uncertainties and factors that are beyond our control. Some of these risks and uncertainties are described in more detail in our filings with the SEC, including our Annual Report on Form 10-K, under the heading “Risk Factors.” Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those anticipated, estimated or projected. We caution you therefore against relying on any of these forward-looking statements. While forward-looking statements reflect our good faith beliefs, they are not guarantees of future performance. They are based on estimates and assumptions only as of the date hereof. We undertake no obligation to update or revise any forward-looking statement to reflect changes in underlying assumptions or factors, new information, data or methods, future events or other changes, except as required by applicable law.

Investor Relations:

Kim Tobler, 949-425-5211

Kim.Tobler@fivepoint.com

Media:

Eric Morgan, 949-349-1088

Eric.Morgan@fivepoint.com

Source: Five Point Holdings, LLC

FIVE POINT HOLDINGS, LLC

CONSOLIDATED STATEMENTS OF OPERATIONS

(In thousands, except share and per share amounts)

(Unaudited)


	Three Months Ended December 31,				Twelve Months Ended December 31,
	2024		2023		2024		2023
REVENUES:
Land sales	$	137,883	$	100,111	$	139,097	$	160,796
Land sales—related party	—		—		—		595
Management services—related party	21,369		18,109		96,404		47,621
Operating properties	534		539		2,425		2,720
Total revenues	159,786		118,759		237,926		211,732
COSTS AND EXPENSES:
Land sales	90,109		66,684		90,109		105,651
Management services	4,385		7,751		23,852		22,170
Operating properties	1,035		1,846		5,134		6,167
Selling, general, and administrative	14,220		13,095		51,233		51,495


Total costs and expenses	109,749		89,376		170,328		185,483
OTHER INCOME (EXPENSE):

Interest income	2,283		2,688		10,858		7,230

Miscellaneous	(120)		(1,809)		(5,977)		(776)
Total other income	2,163		879		4,881		6,454
EQUITY IN EARNINGS FROM UNCONSOLIDATED ENTITIES	87,546		24,041		132,617		76,595
INCOME BEFORE INCOME TAX PROVISION	139,746		54,303		205,096		109,298
INCOME TAX (PROVISION) BENEFIT	(18,757)		4,434		(27,462)		4,418
NET INCOME	120,989		58,737		177,634		113,716
LESS NET INCOME ATTRIBUTABLE TO NONCONTROLLING INTERESTS	74,496		28,981		109,337		58,322
NET INCOME ATTRIBUTABLE TO THE COMPANY	$	46,493	$	29,756	$	68,297	$	55,394

NET INCOME ATTRIBUTABLE TO THE COMPANY PER CLASS A SHARE
Basic	$	0.67	$	0.43	$	0.98	$	0.80
Diluted	$	0.65	$	0.39	$	0.96	$	0.76
WEIGHTED AVERAGE CLASS A SHARES OUTSTANDING
Basic	69,318,760		68,919,591		69,224,327		68,826,340
Diluted	147,357,691		145,331,135		146,944,944		145,131,125
NET INCOME ATTRIBUTABLE TO THE COMPANY PER CLASS B SHARE
Basic and diluted	$	0.00	$	0.00	$	0.00	$	0.00
WEIGHTED AVERAGE CLASS B SHARES OUTSTANDING
Basic and diluted	79,233,544		79,233,544		79,233,544		79,233,544

FIVE POINT HOLDINGS, LLC

CONSOLIDATED BALANCE SHEETS

(In thousands, except shares)

(Unaudited)


	December 31, 2024		December 31, 2023
ASSETS
INVENTORIES	$	2,298,080	$	2,213,479
INVESTMENT IN UNCONSOLIDATED ENTITIES	185,324		252,816
PROPERTIES AND EQUIPMENT, NET	29,487		29,145

INTANGIBLE ASSET, NET—RELATED PARTY	9,037		25,270
CASH AND CASH EQUIVALENTS	430,875		353,801
RESTRICTED CASH AND CERTIFICATES OF DEPOSIT	992		992
RELATED PARTY ASSETS	101,670		83,970
OTHER ASSETS	20,952		9,815
TOTAL	$	3,076,417	$	2,969,288

LIABILITIES AND CAPITAL
LIABILITIES:
Notes payable, net	$	525,737	$	622,186
Accounts payable and other liabilities	100,292		81,649

Related party liabilities	63,297		78,074
Deferred income tax liability, net	33,570		7,067
Payable pursuant to tax receivable agreement	173,424		173,208
Total liabilities	896,320		962,184

REDEEMABLE NONCONTROLLING INTEREST	25,000		25,000
CAPITAL:
Class A common shares; No par value; Issued and outstanding: December 31, 2024—69,369,234 shares; December 31, 2023—69,199,938 shares
Class B common shares; No par value; Issued and outstanding: December 31, 2024—79,233,544 shares; December 31, 2023—79,233,544 shares
Contributed capital	593,827		591,606
Retained earnings	157,077		88,780
Accumulated other comprehensive loss	(1,468)		(2,332)
Total members’ capital	749,436		678,054
Noncontrolling interests	1,405,661		1,304,050
Total capital	2,155,097		1,982,104
TOTAL	$	3,076,417	$	2,969,288

FIVE POINT HOLDINGS, LLC

SUPPLEMENTAL DATA

(In thousands)

(Unaudited)

Liquidity


	December 31, 2024
Cash and cash equivalents	$	430,875
Borrowing capacity(1)	125,000
Total liquidity	$	555,875

(1) As of December 31, 2024, no borrowings or letters of credit were outstanding on the Company’s $125.0 million revolving credit facility.

Debt to Total Capitalization and Net Debt to Total Capitalization


	December 31, 2024
Debt(1)	$	524,994
Total capital	2,155,097
Total capitalization	$	2,680,091
Debt to total capitalization	19.6		%

Debt(1)	$	524,994
Less: Cash and cash equivalents	430,875
Net debt	94,119
Total capital	2,155,097
Total net capitalization	$	2,249,216
Net debt to total capitalization(2)	4.2		%

(1) For purposes of this calculation, debt is the amount due on the Company’s notes payable before offsetting for capitalized deferred financing costs.

(2) Net debt to total capitalization is a non-GAAP financial measure defined as net debt (debt less cash and cash equivalents) divided by total net capitalization (net debt plus total capital). The Company believes the ratio of net debt to total capitalization is a relevant and a useful financial measure to investors in understanding the leverage employed in the Company’s operations. However, because net debt to total capitalization is not calculated in accordance with GAAP, this financial measure should not be considered in isolation or as an alternative to financial measures prescribed by GAAP. Rather, this non-GAAP financial measure should be used to supplement the Company’s GAAP results.

Segment Results

The following tables reconcile the results of operations of our segments to our consolidated results for the three and twelve months ended December 31, 2024 (in thousands):


	Three Months Ended December 31, 2024
	Valencia		San Francisco		Great Park		Total reportable segments		Corporate and unallocated		Total under management		Removal of unconsolidated entities(1)		Total consolidated
REVENUES:
Land sales	$	137,883	$	—	$	316,423	$	454,306	$	—	$	454,306	$	(316,423)	$	137,883
Land sales—related party	—		—		2,790		2,790		—		2,790		(2,790)		—

Management services—related party(2)	—		—		21,276		21,276		93		21,369		—		21,369
Operating properties	363		171		—		534		—		534		—		534
Total revenues	138,246		171		340,489		478,906		93		478,999		(319,213)		159,786
COSTS AND EXPENSES:
Land sales	90,109		—		77,814		167,923		—		167,923		(77,814)		90,109

Management services(2)	—		—		4,385		4,385		—		4,385		—		4,385
Operating properties	1,035		—		—		1,035		—		1,035		—		1,035
Selling, general, and administrative	2,240		1,222		2,325		5,787		10,758		16,545		(2,325)		14,220

Management fees—related party	—		—		22,512		22,512		—		22,512		(22,512)		—
Total costs and expenses	93,384		1,222		107,036		201,642		10,758		212,400		(102,651)		109,749
OTHER (EXPENSE) INCOME:

Interest income	—		18		1,159		1,177		2,265		3,442		(1,159)		2,283



Miscellaneous	(120)		—		—		(120)		—		(120)		—		(120)
Total other (expense) income	(120)		18		1,159		1,057		2,265		3,322		(1,159)		2,163
EQUITY IN EARNINGS FROM UNCONSOLIDATED ENTITIES	13		—		—		13		12,964		12,977		74,569		87,546
SEGMENT PROFIT (LOSS)/INCOME BEFORE INCOME TAX PROVISION	44,755		(1,033)		234,612		278,334		4,564		282,898		(143,152)		139,746
INCOME TAX PROVISION	—		—		—		—		(18,757)		(18,757)		—		(18,757)
SEGMENT PROFIT (LOSS)/NET INCOME	$	44,755	$	(1,033)	$	234,612	$	278,334	$	(14,193)	$	264,141	$	(143,152)	$	120,989

(1) Represents the removal of the Great Park Venture operating results, which are included in the Great Park segment operating results at 100% of the venture’s historical basis but are not included in our consolidated results as we account for our investment in the venture using the equity method of accounting.

After the sale of the Gateway Commercial Venture’s commercial operating assets in December 2024, the Company’s commercial segment is no longer operating. The Company has reported the equity in earnings from the Company’s investment in the Gateway Commercial Venture within the corporate and unallocated column in the table above.

(2) The amounts for the Great Park segment represent the revenues and expenses attributable to the management company for providing services to the Great Park Venture as applicable.


	Twelve Months Ended December 31, 2024
	Valencia		San Francisco		Great Park		Total reportable segments		Corporate and unallocated		Total under management		Removal of unconsolidated entities(1)		Total consolidated
REVENUES:
Land sales	$	139,097	$	—	$	590,170	$	729,267	$	—	$	729,267	$	(590,170)	$	139,097
Land sales—related party	—		—		22,636		22,636		—		22,636		(22,636)		—

Management services—related party(2)	—		—		95,955		95,955		449		96,404		—		96,404
Operating properties	1,747		678		—		2,425		—		2,425		—		2,425
Total revenues	140,844		678		708,761		850,283		449		850,732		(612,806)		237,926
COSTS AND EXPENSES:
Land sales	90,109		—		144,876		234,985		—		234,985		(144,876)		90,109

Management services(2)	—		—		23,852		23,852		—		23,852		—		23,852
Operating properties	5,134		—		—		5,134		—		5,134		—		5,134
Selling, general, and administrative	10,356		4,883		11,033		26,272		35,994		62,266		(11,033)		51,233

Management fees—related party	—		—		113,934		113,934		—		113,934		(113,934)		—
Total costs and expenses	105,599		4,883		293,695		404,177		35,994		440,171		(269,843)		170,328
OTHER (EXPENSE) INCOME:

Interest income	—		69		6,221		6,290		10,789		17,079		(6,221)		10,858




Miscellaneous	(49)		—		—		(49)		(5,928)		(5,977)		—		(5,977)
Total other (expense) income	(49)		69		6,221		6,241		4,861		11,102		(6,221)		4,881
EQUITY IN EARNINGS FROM UNCONSOLIDATED ENTITIES	483		—		—		483		12,347		12,830		119,787		132,617
SEGMENT PROFIT (LOSS)/INCOME BEFORE INCOME TAX PROVISION	35,679		(4,136)		421,287		452,830		(18,337)		434,493		(229,397)		205,096
INCOME TAX PROVISION	—		—		—		—		(27,462)		(27,462)		—		(27,462)
SEGMENT PROFIT (LOSS)/NET INCOME	$	35,679	$	(4,136)	$	421,287	$	452,830	$	(45,799)	$	407,031	$	(229,397)	$	177,634

After the sale of the Gateway Commercial Venture’s commercial operating assets in December 2024, the Company’s commercial segment is no longer operating. The Company has recast the segment presentation for the full year to report the equity in earnings from the Company’s investment in the Gateway Commercial Venture within the corporate and unallocated column in the table above.

(2) The amounts for the Great Park segment represent the revenues and expenses attributable to the management company for providing services to the Great Park Venture as applicable.

The table below reconciles the Great Park segment results to the equity in earnings from our investment in the Great Park Venture that is reflected in the consolidated statements of operations for the three and twelve months ended December 31, 2024 (in thousands):


	Three Months Ended December 31, 2024		Twelve Months Ended December 31, 2024


Segment profit from operations	$	234,612		$	421,287
Less net income of management company attributed to the Great Park segment	16,891			72,103
Net income of the Great Park Venture	217,721			349,184
The Company’s share of net income of the Great Park Venture	81,645			130,944
Basis difference amortization, net	(7,076)			(11,157)

Equity in earnings from the Great Park Venture	$	74,569		$	119,787

Cover	Jan. 23, 2025
Cover [Abstract]
Document Type	8-K
Document Period End Date	Jan. 23, 2025
Entity Registrant Name	FIVE POINT HOLDINGS, LLC
Entity Incorporation, State or Country Code	DE
Entity File Number	001-38088
Entity Tax Identification Number	27-0599397
Entity Address, Address Line One	2000 FivePoint
Entity Address, Address Line Two	4th Floor
Entity Address, City or Town	Irvine
Entity Address, State or Province	CA
Entity Address, Postal Zip Code	92618
City Area Code	949
Local Phone Number	349-1000
Written Communications	false
Soliciting Material	false
Pre-commencement Tender Offer	false
Pre-commencement Issuer Tender Offer	false
Title of 12(b) Security	Class A common shares
Trading Symbol	FPH
Security Exchange Name	NYSE
Entity Emerging Growth Company	false
Entity Central Index Key	0001574197
Amendment Flag	false