earnings
confidence high
sentiment positive
materiality 0.75
Five Point Q2 net income $38.2M; guides FY net income over $100M, cash >$300M
Five Point Holdings, LLC
- Consolidated net income $38.2M on revenue $51.2M; net income attributable to Company $14.7M.
- Great Park Venture sold 105 homesites on 12.3 acres for $96.1M; distributions to Company $29.7M.
- Builder sales: Great Park 63 homes, Valencia 84 homes in Q2; land sale price $7.8M per acre.
- Debt to total capitalization 20.6%; liquidity $342.4M ($217.4M cash + $125M credit facility).
- Guidance: expects FY consolidated net income >$100M and cash >$300M by year-end; soft Q3, strong Q4.