Five Point Holdings (FPH) Q4 2025 Earnings Call

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WEBVTT 00:00:00.031 -- 00:00:05.801 Greetings and welcome to the Five Point Holdings fourth quarter and year-end 2025 00:00:05.801 -- 00:00:10.149 conference call. As a reminder, this call is being recorded. 00:00:10.149 -- 00:00:14.296 Today's call may include forward-looking statements regarding Five Point's business, 00:00:14.296 -- 00:00:19.345 financial condition, operations, cash flow, strategy, acquisitions, 00:00:19.345 -- 00:00:20.922 and prospects. 00:00:20.922 -- 00:00:25.746 Forward-looking statements represent five points estimates on the date of this conference 00:00:25.746 -- 00:00:31.311 call and are not intended to give any assurance as to actual future results. 00:00:31.311 -- 00:00:35.455 Because forward-looking statements relate to matters that have not yet occurred, these 00:00:35.455 -- 00:00:39.599 statements are inherently subject to risks and uncertainties. 00:00:39.599 -- 00:00:44.343 Many factors could affect future results and may cause five points actual activities 00:00:44.343 -- 00:00:49.647 or results to differ materially from the activities and results anticipated in forward-looking 00:00:49.647 -- 00:00:54.663 statements. These factors include those described in today's press release 00:00:54.663 -- 00:00:59.951 and Five Point's SEC filings, including those in the risk factor section of Five Point's 00:00:59.951 -- 00:01:05.139 most recent annual report on Form 10-K filed with the SEC. 00:01:05.139 -- 00:01:10.667 Please note that Five Point assumes no obligation to update any forward-looking statements. 00:01:10.667 -- 00:01:15.916 Now, I would like to turn over the call to Dan Hedigan, President and Chief Executive 00:01:15.916 -- 00:01:17.916 Officer. 00:01:18.199 -- 00:01:23.101 Thank you, Vaughn. Good afternoon, and thank you fo...