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Irvine Land Sales Boost FivePoint Profits

Orange County Business Journal, 2024-01, Vol.47 (5), p.1-10

Copyright CBJ, L. P. Jan 29-Feb 4, 2024 ;ISSN: 1051-7480

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  • Title:
    Irvine Land Sales Boost FivePoint Profits
  • Author: Aquino, Kaitln
  • Subjects: Corporate profits ; Earnings ; Housing developments ; Neighborhoods ; Sales
  • Is Part Of: Orange County Business Journal, 2024-01, Vol.47 (5), p.1-10
  • Description: The master developer for some of the largest coastal developments in California, valued at about $500 million as of last week, said it earned $113.7 million in consolidated net income for 2023, a record amount for the company that was founded in 2009 and went public in 2017. "Achieving these results in the face of a challenging economic and interest rate environment is a testament to our team's focus on executing our key operating priorities: generating revenue, right sizing our [expenses] and managing our capital spend," FivePoint CEO Dan Hedigan said in a statement. Top Home Seller Among the 50 best-selling master-planned communities in the country last year, FivePoint's Great Park Neighborhoods came in No. 19, according to data by Irvine-based John Burns Research and Consulting. Dan Hedigan * BUSINESS: master developer * NOTABLE: $113.7M in consolidated net income for 2023, a record for the company
  • Publisher: Newport Beach: CBJ, L. P
  • Language: English
  • Identifier: ISSN: 1051-7480
  • Source: ProQuest Central
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