earnings
confidence high
sentiment negative
materiality 0.55
Five Point reports Q3 2021 net loss of $8.2M; revenue $20.7M; home sales up 44% YTD
Five Point Holdings, LLC
- Consolidated net loss of $8.2M; net loss attributable to company of $3.8M.
- Great Park Venture sold 113 homesites & 8 homes for $78.0M in proceeds.
- Great Park Neighborhoods home sales 591 YTD, up 44% vs. first 9 months of 2020.
- Total liquidity $315.8M; debt-to-capitalization ratio 25.3% as of Sept 30, 2021.
- Company expects meaningful land sales in Valencia in Q4'21/Q1'22 and at Great Park in H2'22.