earnings
confidence high
sentiment positive
materiality 0.70
Five Point Q2 net income $50.6M, Great Park sold 798 homesites
Five Point Holdings, LLC
- Consolidated net income of $50.6M; net income attributable to company of $23.6M.
- Consolidated revenues of $21.3M; Great Park Venture revenue of $357.8M from land sale.
- Great Park Venture sold 798 homesites on ~84 acres; distributions to company $103.8M.
- Cash and equivalents $193.2M; debt-to-capital ratio 24.7%; liquidity $318.2M.
- CEO states results exceeded expectations; no guidance provided.