earnings
confidence high
sentiment negative
materiality 0.60
Five Point Holdings Q3 net loss $9.5M; revenues $15.4M; SG&A down 42%
Five Point Holdings, LLC
- Q3 consolidated revenue $15.4M, net loss $9.5M; net loss attributable to Company $4.4M.
- Valencia builder sales of 166 homes; Great Park Venture sold 61 homesites for $23.9M.
- SG&A down 42% YoY to $12.0M; liquidity $211M; debt-to-capital 25.3%.
- CEO cites aggressive Fed rate hikes impacting land sales, but housing shortage persists.
- No guidance provided; focus on cost management and commercial land marketing at Great Park.