Five Point Holdings, LLC Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023
October 19, 2023 at 04:13 pm
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Five Point Holdings, LLC reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported sales was USD 0.727 million compared to USD 0.419 million a year ago. Revenue was USD 65.92 million compared to USD 15.42 million a year ago. Net income was USD 6.6 million compared to net loss of USD 4.44 million a year ago.
For the nine months, sales was USD 2.18 million compared to USD 2.17 million a year ago. Revenue was USD 92.97 million compared to USD 25.7 million a year ago. Net income was USD 25.64 million compared to net loss of USD 26.68 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 