Five Point Holdings, LLC Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2023
July 20, 2023 at 04:13 pm EDT
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Five Point Holdings, LLC reported earnings results for the second quarter and six months ended June 30, 2023. For the second quarter, the company reported sales was USD 0.588 million compared to USD 0.965 million a year ago. Revenue was USD 21.35 million compared to USD 5.39 million a year ago. Net income was USD 23.57 million compared to net loss of USD 5.11 million a year ago.
For the six months, sales was USD 1.45 million compared to USD 1.75 million a year ago. Revenue was USD 27.05 million compared to USD 10.28 million a year ago. Net income was USD 19.04 million compared to net loss of USD 22.24 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 
