secwatch.observer — SEC 8-K summary
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Issuer:     Five Point Holdings, LLC (FPH)
CIK:        0001574197
Form:       8-K
Filed at:   2024-07-18T23:59:59+00:00
Accession:  0001574197-24-000070
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Five Point Q2 net income $38.2M; guides FY net income over $100M, cash >$300M
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1574197/000157419724000070/0001574197-24-000070-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1574197/000157419724000070/fph-20240718.htm
  HTML page:      https://secwatch.observer/filing/0001574197-24-000070

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