Five Point Q4 net income $22.5M; full-year net loss $34.8M; Great Park land sale $240M

Five Point Holdings, LLC

Great Park Venture closed sale of 42 acres commercial land for $240M; company received $52.7M distribution from its 37.5% interest.
Q4 consolidated revenues $17.0M; net income $22.5M; net income attributable to company $11.3M.
Full year 2022 revenues $42.7M; net loss attributable to company $15.4M; SG&A down 29% YoY to $54.6M.
Cash and equivalents $131.8M; total liquidity $256.8M; debt to total capitalization 25.1% as of Dec 31, 2022.
CEO expects net positive cash flow for 2023, focusing on revenue generation, capital spend management, and SG&A control.

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.85

Five Point Holdings, LLC reported three months and twelve months ended December 31, 2022 results: revenue $17.0 million, net income $22.5 million.

Period: three months and twelve months ended December 31, 2022
Revenue: $17.0 million
Net income: $22.5 million
Result: reported results

Exact text from the filing

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 December 31, 2022. • Debt to total capitalization ratio of 25.1% and liquidity of

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Five Point Holdings, LLC filing history →

Source: SEC EDGAR

accession 0001574197-23-000008

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