Five Point Q1 net loss $9.7M; Great Park and Valencia builder sales more than double QoQ

Five Point Holdings, LLC

Consolidated revenue of $5.7M; net loss of $9.7M, including $4.5M attributable to the company.
Great Park builder sales of 255 homes in Q1 vs 113 in Q4 2022; Valencia 75 vs 49.
SG&A of $13.8M, down 18% year-over-year.
Liquidity of $231.6M ($106.6M cash + $125M credit facility); debt-to-capitalization 25.2%.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Five Point Holdings, LLC reported first quarter 2023 results: revenue $5.7 million, net income $9.7 million.

Period: first quarter 2023
Revenue: $5.7 million
Net income: $9.7 million
Result: reported results

Exact text from the filing

compared to 113 in the fourth quarter of 2022. • Valencia builder sales of 75 homes during the quarter compared to 49 in the fourth quarter of 2022. • Consolidated revenues of $5.7 million; consolidated net loss of $9.7 million. • Consolidated selling, general and administrative expense of $13.8 million was down 18% from first quarter 2022. • Cash and cash

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Five Point Holdings, LLC filing history →

Source: SEC EDGAR

accession 0001574197-23-000039

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