FivePoint Holdings LLC has reported its financial results for the second quarter of 2025, highlighting a consolidated net income of $8.6 million, aligned with company expectations. Revenues for the quarter totaled $7.5 million, primarily derived from management services. The Great Park Neighborhoods community achieved a significant land sale, contributing to the financial results, with the Great Park Venture selling 82 homesites on 5.7 acres for $63.6 million and builder sales of 112 homes. In addition, Valencia saw builder sales of 47 homes during the quarter. The company ended the quarter with a strong liquidity position of $581.6 million, consisting of $456.6 million in cash and cash equivalents and $125.0 million in borrowing availability under an unsecured revolving credit facility. Total capital for the company stands at $2.2 billion, with assets amounting to $3.2 billion and liabilities and redeemable noncontrolling interests at $0.9 billion. Looking ahead, FivePoint Holdings LLC anticipates continuing land sales at the Great Park this year and projects that its consolidated net income in 2025 will be consistent with the 2024 net income of $177.6 million. The company also plans to close its land banking venture with Hearthstone, Inc. in the third quarter, a strategic move expected to introduce new recurring revenue streams.