Five Point Holdings, LLC (FPH) Reports Q2 Loss of $0.07
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Five Point Holdings, LLC Reports Second Quarter 2022 Results
August 2, 2022 4:10 PM EDTSecond Quarter 2022 Highlights
Valencia builder sales of 168 homes during the quarter within 18 active neighborhoods. Great Park builder sales of 37 homes during the quarter. At Great Park Neighborhoods, our newest neighborhood, Solis Park, consisting of approximately 850 homes began opening homes for sale with the majority of builder collections planned to open for sale in the third quarter. Extended the initial term of the development management agreement with the Great Park Venture through December 31, 2022. Consolidated revenues of $5.4 million; consolidated net loss of $11.0 million. Debt to total capitalization ratio of 25.2% and liquidity of... More