Five Point Holdings, LLC (FPH) Reports Q4 EPS of $0.15
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Five Point Holdings, LLC Reports Fourth Quarter and Year-End 2022 Results
January 19, 2023 4:10 PM ESTFourth Quarter 2022 Highlights
Great Park Venture closed the sale of approximately 42 acres of commercial land for a purchase price of $240.0 million. Great Park Venture distributions and incentive compensation payments to the Company totaled $66.9 million. Gateway Commercial Venture distributions to the Company totaled $8.6 million. Great Park builder sales of 113 homes during the quarter. Valencia builder sales of 49 homes during the quarter. Renewed the development management agreement with Great Park Venture through 2024. Consolidated revenues of $17.0 million; consolidated net income of $22.5 million. Cash and cash equivalents of $131.8 million as of... More