Five Point Holdings Q3 2024 Earnings Call: Full Transcript

Five Point Holdings LLC Third Quarter 2024 Conference Call: A Glimpse into the Future

Forward-Looking Statements: A Note of Caution

As we embark on this conference call, it’s essential to acknowledge that the statements made today regarding Five Point’s business, financial condition, operations, cash flow, strategy, and prospects are forward-looking. These statements represent our estimates as of today and are not intended to provide assurance about actual future results. The inherent risks and uncertainties associated with these statements cannot be overstated.

A Complex Web of Factors

Many factors can impact Five Point’s future results, causing actual activities or results to differ materially from those anticipated. These factors are detailed in today’s press release and Five Point’s SEC filings, including the risk factor section of our most recent annual report on Form 10-K filed with the SEC. It’s crucial to recognize that Five Point assumes no obligation to update any forward-looking statements.

Leadership Takes the Stage

Now, let’s turn our attention to Dan Hedigan, Chief Executive Officer, who will provide an update on our Q3 results, our team’s focus during the quarter, and the strategic priorities we’re implementing.

Dan Hedigan Takes the Helm

Good afternoon, and thank you for joining us today. I’m accompanied by Kim Tobler, our Chief Financial Officer; Mike Alvarado, our Chief Operating Officer and Chief Legal Officer; Leo Kij, our Senior Vice President of Finance and Reporting; and Stuart Miller, our Executive Chairman, who is joining us remotely.

A Strategic Update

Today, I’ll delve into our Q3 results and highlight our team’s key areas of focus during the quarter. We’ll also discuss the steps we’re taking to drive our strategic priorities forward. Next, Kim will provide an overview of our financial performance, offering valuable insights into our company’s progress.

Financial Performance: A Deeper Dive

Kim Tobler will now provide a detailed analysis of our financial results, shedding light on our company’s financial health and future prospects.

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