Shares of Five Point Holdings LLC (NYSE:FPH) surged after reporting strong Q4 FY23 results with revenues of $118.8 million, up from $17.0 million a year prior, primarily due to significant land sales. The company sold land for 583 homesites and closed two commercial land sales for a total of $276 million. Equity in earnings from unconsolidated entities was $24.0 million, and EPS increased to $0.39 from $0.15. The company has $353.8 million in cash and an additional $125.0 million in credit facility availability. CEO Dan Hedigan highlighted the team's focus on revenue generation and capital management despite economic challenges, and expressed optimism about the housing market due to supply shortages.