Five Point Holdings, LLC (FPH) Reports Q2 EPS of $0.34
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Five Point Holdings, LLC Reports Second Quarter 2023 Results
July 20, 2023 4:10 PM EDTSecond Quarter 2023 Highlights
Great Park Venture sold 798 homesites on approximately 84 acres of land and recognized revenue of $357.8 million. Great Park Venture distributions and incentive compensation payments to the Company totaled $103.8 million. Great Park builder sales of 177 homes during the quarter compared to 255 in the first quarter of 2023. Valencia builder sales of 79 homes during the quarter compared to 75 in the first quarter of 2023. Consolidated revenues of $21.3 million; consolidated net income of $50.6 million, which includes $52.3 million equity... More