FPH - Why Real Estate Company Five Point Holdings Shares Are Surging Today | Benzinga
Five Point Holdings LLC (NYSE:FPH) shares are rocketing today after the company reported strong fourth-quarter FY23 results.
Revenues stood at $118.8 million versus $17.0 million a year ago, led by land sales at its Valencia segment.
Notably, at Valencia, the company closed the sale of land for 583 homesites on approximately 46 acres for $101.8 million.
Also, Great Park Venture closed two commercial land sales ...