Five Point Q1 net income $6.1M; sold 82 homesites for $74.6M; notes exchange reduces debt $100M

Five Point Holdings, LLC

Consolidated revenues $9.9M, net income $6.1M; net income attributable to company $2.3M.
Great Park Venture sold 82 homesites on 11.6 acres for $74.6M; company received $23.9M distribution.
Exchanged $623.5M of 7.875% senior notes for $100M cash + $523.5M new 10.5% notes due 2028.
S&P upgraded outlook to stable; corporate rating to B-; senior notes rating to B.
Cash and equivalents $232.7M; liquidity $357.7M; debt-to-capital ratio 20.9%.

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 three months ended March 31, 2024 results: revenue $9.9 million, net income $6.1 million.

Period: three months ended March 31, 2024
Revenue: $9.9 million
Net income: $6.1 million
Result: reported results

Exact text from the filing

Consolidated revenues of $9.9 million; consolidated net income of $6.1 million.

View on SEC.gov

1341 earnings releases filed in the last 30 days. Browse all earnings releases →

Five Point Holdings, LLC filing history →

Source: SEC EDGAR

accession 0001574197-24-000060

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.