Five Point Holdings, LLC (FPH) Tops Q3 EPS by 28c
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Five Point Holdings, LLC Reports Third Quarter 2020 Results
November 10, 2020 4:15 PM ESTThird Quarter 2020 Highlights
Consolidated net income of $36.4 million and an increase in cash of approximately $55 million. Cash distributions of $80.3 million received from Gateway Commercial Venture from proceeds generated by the sale of two buildings at the Five Point Gateway Campus for a purchase price of $355 million. Company maintains liquidity of $395.2 million at September 30, 2020.IRVINE, Calif.--(BUSINESS WIRE)-- Five Point Holdings, LLC (Five Point or the Company) (NYSE: FPH), an owner and developer of large mixed-use, master-planned communities in California, today reported its third quarter... More
