Five Point Q4 net income $58.7M; exchanges $623.5M notes for new 10.5% notes due 2028

Five Point Holdings, LLC

Q4 consolidated revenues $118.8M, net income $58.7M; FY 2023 revenues $211.7M, net income $113.7M.
Valencia sold 583 homesites for $101.8M in Q4; full year 729 homesites for $162.4M.
Great Park Venture closed two commercial land sales for $174.2M in Q4; full year land revenue $532.0M.
Exchanged $623.5M of 7.875% notes for $100M cash + $523.5M new 10.5% notes due Jan 2028 (participation >99%).
Cash $353.8M; liquidity $478.8M; debt-to-cap 24.0%.

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 financial results for three months and twelve months ended December 31, 2023.

Period: three months and twelve months ended December 31, 2023
Result: reported results

Exact text from the filing

On January 18, 2024, Five Point Holdings, LLC issued a press release announcing its results of operations for the three months and twelve months ended December 31, 2023.

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Five Point Holdings, LLC filing history →

Source: SEC EDGAR

accession 0001574197-24-000014

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