Five Point Holdings LLC

NYSE:FPHUnited States

Oct 17, 2024

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• Five Point Q3 Earnings, Revenue Fall, from 5:00PM ET on Thursday Oct 17, 2024 by MT Newswires

  5:00PM ET on Thursday Oct 17, 2024 by MT Newswires
  Companies Mentioned: FPH
  05:00 PM EDT, 10/17/2024 (MT Newswires) -- Five Point Holdings (FPH) reported Q3 earnings Thursday of $0.07 per diluted class A share, down from $0.09 a year earlier. Revenue for the quarter ended Sept. 30 was $17 million, down from $65.9 million a ...

• -- Earnings Flash (FPH) FIVE POINT HOLDINGS LLC Posts Q3 Revenue $17M, from 4:13PM ET on Thursday Oct 17, 2024 by MT Newswires

  4:13PM ET on Thursday Oct 17, 2024 by MT Newswires
  Companies Mentioned: FPH
  04:13 PM EDT, 10/17/2024 (MT Newswires) -- ...

• *DJ Five Point Holdings 3Q Net $4.76M >FPH, from 4:10PM ET on Thursday Oct 17, 2024 by Dow Jones

  4:10PM ET on Thursday Oct 17, 2024 by Dow Jones
  Companies Mentioned: FPH

• Five Point Holdings, LLC Reports Third Quarter 2024 Results, from 4:10PM ET on Thursday Oct 17, 2024 by Dow Jones

  4:10PM ET on Thursday Oct 17, 2024 by Dow Jones
  Companies Mentioned: FPH
  ENTITIES 470 -- -- -- 470 -- 470 44,601 45,071 ------ ------ ------- ------- -------- -------- ------- --------- ---- ------- --- SEGMENT (LOSS) PROFIT/INCOME BEFORE INCOME TAX PROVISION (9,076) (3,103) 186,675 (466) 174,030 (22,640) 151,390 (86,040) 65,350 INCOME TAX PROVISION -- -- -- -- -- (8,705) (8,705) -- (8,705) ------ ------ ------- ------- -------- -------- ------- --------- ---- ------- SEGMENT (LOSS) PROFIT/NET INCOME $(9,076) $ (3,103) $186,675 $ (466) $ 174,030 $ (31,345) $ 142,685 $ (86,040) $ 56,645 ====== ====== ======= ======= ======== ======== ======= ========= === ======= === (1) Represents the removal of the Great Park Venture and Gateway Commercial Venture operating results, which are included in the Great Park segment and Commercial segment operating results at 100% of each venture's historical basis, respectively, but are not included in our consolidated results as we account for our investments in each venture using the equity method of accounting. (2) For the Great Park and Commercial segments, represents the revenues and expenses attributable to the management company for providing services to the Great Park Venture and the Gateway Commercial Venture, as applicable. The table below reconciles the Great Park segment results to the equity in earnings from our investment in the Great Park Venture that is reflected in the condensed consolidated statements of operations for the three and nine months ended September 30, 2024 (in thousands): Three Months Ended Nine Months Ended September 30, 2024 September 30, 2024 ----------------------- ----------------------- Segment profit from operations $ 45,061 $ 186,675 Less net income of management company attributed to the Great Park segment 11,659 55,212 --- -------------- --- -------------- Net income of the Great Park Venture 33,402 131,463 --- -------------- --- -------------- The Company's share of net income of the Great Park Venture 12,526 49,299 Basis difference amortization, net (438) (4,081) --- -------------- --- -------------- Equity in earnings from the Great Park Venture $ 12,088 $ 45,218 === ============== === ============== The table below reconciles the Commercial segment results to the equity in loss from our investment in the Gateway Commercial Venture that is reflected in the condensed consolidated statements of operations for the three and nine months ended September 30, 2024 (in thousands): Three Months Ended Nine Months Ended September 30, 2024 September 30, 2024 ----------------------- ----------------------- Segment loss from operations $ (301) $ (466) Less net income of management company attributed to the Commercial segment 115 356 ---- ------------ --- ---- ------------ --- Net loss of the Gateway Commercial Venture (416) (822) ---- ------------ ---- ------------ Equity in loss from the Gateway Commercial Venture $ (312) $ (617) ==== ============ ==== ============