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Recap: Five Point Holdings Q3 Earnings

Benzinga Insights
·1 min read

Shares of Five Point Holdings (NYSE:FPH) were unchanged after the company reported Q3 results.

Quarterly Results

Earnings per share rose 256.25% year over year to $0.25, which beat the estimate of $0.12.

Revenue of $8,377,000 declined by 30.27% year over year, which beat the estimate of $8,090,000.

Outlook

Earnings guidance hasn't been issued by the company for now.

Five Point Holdings hasn't issued any revenue guidance for the time being.

Conference Call Details

Date: Nov 10, 2020

View more earnings on FPH

Time: 05:00 PM

ET Webcast URL: https://78449.choruscall.com/dataconf/productusers/fph/mediaframe/41906/indexr.html

Recent Stock Performance

Company's 52-week high was at $9.31

Company's 52-week low was at $3.62

Price action over last quarter: down 10.09%

Company Description

Five Point Holdings LLC is an owner and developer of mixed-use, master-planned communities in California. It is engaged in developing new communities that, in addition to homesites, include commercial, retail, educational and recreational elements, as well as civic areas, parks, and open spaces. Its four reportable segments are Valencia, San Francisco, Great Park, and Commercial. It derives most of the revenue from the Valencia segment which includes the community of Valencia being developed in northern Los Angeles County, California, as well as other lands including remnant commercial, residential and open space land in Los Angeles County. Its principal source of revenue is the sale of residential and commercial land sites to homebuilders, commercial developers and commercial buyers.

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