Five Point Holdings, LLC (FPH) Misses Q4 EPS by 17c, Revenues Miss
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Five Point Holdings, LLC Reports Fourth Quarter and Full-Year 2018 Results
March 13, 2019 4:15 PM EDTFourth Quarter 2018
Continued land development activity at Newhall in Los Angeles County positions the company to deliver homesites and generate revenue in 2019. Company maintains strong credit profile, including total liquidity of $619.7 million and debt to total capitalization of 24.6% at December 31, 2018.Recent Highlights
Continued infrastructure development at Candlestick. Revised operational plan on the prior mall property underway envisions a mixed-use office and residential community. Sale of 41 acres for approximately $218 million with approval to build 518 homes comprising seven different products in the... More