CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 79.75% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Open platformOpen platform

Five Point Holdings Q3 hit by weak housing demand; cuts forecast

By Reuters News


Overview

  • U.S. mixed-use developer's Q3 revenue was $14.6 mln, net loss totaled $4.4 mln

  • Company cited weak housing demand and deferred land sales, revising 2026 net income guidance

  • Development management agreement with Great Park Venture renewed through 2028


Outlook

  • Company revises 2026 net income guidance to approximately $20 mln due to deferred land sales

  • Five Point says revised outlook reflects timing of land sales, not a change in land value view

  • Company cites current housing market conditions as impacting timing of transactions


Result Drivers

  • WEAK HOUSING DEMAND - Co said current housing market conditions impacted homebuyer demand

  • DEFERRED LAND SALES - Co said it will likely defer certain land sales previously anticipated to close in 2026 due to less favorable market conditions

  • FEE-BASED REVENUE - Q3 revenues were primarily generated from management services at Great Park and Hearthstone segments


Company press release:


Key Details

Metric

Beat/Miss

Actual

Consensus Estimate

Q3 Net Loss

$4.39 mln


Reuters Recommended Reads

  • Oct 21 - M/I Homes Q3 revenue falls on weaker demand

  • Oct 22 - PulteGroup Q3 home sale revenue falls 9% as demand weakens

  • Oct 20 - US pending home sales tumble to record low in September


For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.


(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

Capital.com is an execution-only brokerage platform and the content provided on the Capital.com website is intended for informational purposes only and should not be regarded as an offer to sell or a solicitation of an offer to buy the products or securities to which it applies. No representation or warranty is given as to the accuracy or completeness of the information provided.

The information provided does not constitute investment advice nor take into account the individual financial circumstances or objectives of any investor. Any information that may be provided relating to past performance is not a reliable indicator of future results or performance.

To the extent permitted by law, in no event shall Capital.com (or any affiliate or employee) have any liability for any loss arising from the use of the information provided. Any person acting on the information does so entirely at their own risk.

Any information which could be construed as “investment research” has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such is considered to be a marketing communication.