Five Point Holdings, LLC (FPH) Tops Q2 EPS by 16c, Revenues Beat
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Five Point Holdings, LLC Reports Second Quarter 2020 Results
August 13, 2020 4:15 PM EDTSecond Quarter 2020 and Recent Highlights
Closed 70 previously sold homesites at Valencia with a base purchase price of $16.6 million, including a seller secured note that is payable in December 2020. $56.3 million distribution received from Gateway Commercial Venture from proceeds generated by the sale of approximately 11 acres of land and an approximately 189,000 square foot building to City of Hope. Company maintains liquidity of $339.7 million at June 30, 2020. Subsequent to the end of the second quarter, the Gateway Commercial Venture closed on the sale of two buildings at the Five Point Gateway Campus for a purchase... More