Published on 15 Mar 2024 on Insider Monkey via Yahoo Finance
Will Five Point Holdings, LLC (FPH) Benefit from the Exchange Offer?
Third Avenue Management, an investment management company based in New York City, released its “Third Avenue Real Estate Value Fund” fourth quarter 2023 investor letter. A copy of the same can be downloaded here. In the calendar year, the fund returned +23.27% (after fees) versus +10.85% for the Fund’s most relevant benchmark, the FTSE EPRA NAREIT Developed Index. In addition, you can check the top 5 holdings of the fund to know its best picks in 2023.
Third Avenue Real Estate Value Fund featured stocks like Five Point Holdings, LLC (NYSE:FPH) in the fourth quarter 2023 investor letter. Headquartered in Irvine, California, Five Point Holdings, LLC (NYSE:FPH) owns and develops mixed-use and planned communities. On March 14, 2024, Five Point Holdings, LLC (NYSE:FPH) stock closed at $3.14 per share. One-month return of Five Point Holdings, LLC (NYSE:FPH) was -1.26%, and its shares gained 49.52% of their value over the last 52 weeks. Five Point Holdings, LLC (NYSE:FPH) has a market capitalization of $465.706 million.
Third Avenue Real Estate Value Fund stated the following regarding Five Point Holdings, LLC (NYSE:FPH) in its fourth quarter 2023 investor letter: