Five Point Holdings, LLC Reports Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2023
January 18, 2024 at 04:10 pm
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Five Point Holdings, LLC reported earnings results for the fourth quarter and full year ended December 31, 2023. For the fourth quarter, the company reported sales was USD 0.539 million compared to USD 0.671 million a year ago. Revenue was USD 118.76 million compared to USD 17 million a year ago. Net income was USD 29.76 million compared to USD 11.28 million a year ago.
For the full year, sales was USD 2.72 million compared to USD 2.84 million a year ago. Revenue was USD 211.73 million compared to USD 42.69 million a year ago. Net income was USD 55.39 million compared to net loss of USD 15.4 million a year ago.
Five Point Holdings, LLC designs and develops mixed-use planned communities in Orange County, Los Angeles County, and San Francisco County that combine residential, commercial, retail, educational, and recreational elements with public amenities, including civic areas for parks and open space. Its Valencia segment includes operating results related to the Valencia community and agricultural operations in Los Angeles and Ventura Counties, California. Its San Francisco segment includes operating results for the Candlestick and The San Francisco Shipyard communities. Its Great Park segment includes operating results for the Great Park Neighborhoods community and development management services provided by the management company for the Great Park Venture. Its Commercial segment includes the operating results of the Gateway Commercial Ventureâs ownership in the Five Point Gateway Campus and property management services provided by the management company for the Gateway Commercial Venture.
FIVE POINT HOLDINGS, LLC 