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Green Brick Partners Inc - GRBK STOCK NEWS

Welcome to our dedicated page for Green Brick Partners news (Ticker: GRBK), a resource for investors and traders seeking the latest updates and insights on Green Brick Partners stock.

Green Brick Partners, Inc. (NASDAQ: GRBK) is a prominent homebuilding and land development company that invests in a diverse range of real estate projects. Operating under the brand Green Brick Communities, the company collaborates with both public and private builders across the nation to develop neighborhoods featuring timeless architecture combined with the latest technological advancements.

Green Brick Partners, Inc. is involved in multiple facets of the homebuilding process including land acquisition, development, entitlements, design, construction, marketing, and sales. The company has three primary reportable segments: Builder Operations Central, Builder Operations Southeast, and Land Development. The majority of its revenue is generated from the Builder Operations Central segment, largely driven by its activities in Texas.

The company owns several subsidiary homebuilders, including CB JENI Homes, Normandy Homes, Southgate Homes, Trophy Signature Homes, and a 90% interest in Centre Living Homes in Texas. It also holds a controlling interest in The Providence Group based in Atlanta, Georgia, and an 80% interest in GHO Homes located in Port St. Lucie, Florida. Additionally, Green Brick has a non-controlling interest in Challenger Homes in Colorado Springs, Colorado.

Beyond homebuilding, Green Brick Partners extends its services through financial platforms such as Green Brick Title and BHome Mortgage. This comprehensive involvement in every step of the land entitlement, development, and home construction process enables Green Brick to master plan and develop complex, high-density residential communities optimally.

With a mission to provide superior long-term returns for investors, residents, and the cities in which it builds, Green Brick Partners, Inc. continues to lead the industry in creating neighborhoods designed for modern living.

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Green Brick Partners (NYSE: GRBK) reported record results for Q4 and full year 2024. The company achieved record Q4 home closings revenue of $557M, up 24.2% YOY, with diluted EPS of $2.31, up 46.2% YOY. Full-year performance included:

- Total revenues of $2.1B, up 18.1% YOY
- Record diluted EPS of $8.45, up 37.6% YOY
- Homebuilding gross margin of 33.8%, up 290 bps YOY
- 3,783 home closings, up 21.1% YOY

The company maintained strong operational metrics with Q4 net new orders up 29.3% to 878 homes, low cancellation rate of 7.8%, and incentives at 6.4%. Green Brick ended 2024 with 106 active selling communities, up 16.5% YOY, and total lots owned and controlled increased 31.9% YOY. The Board approved an increase in share repurchase authorization to $100M.

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Green Brick Partners (NYSE: GRBK), ranked as the third largest homebuilder in Dallas-Fort Worth and recognized as one of Fortune Magazine's fastest growing companies in 2023, has announced its upcoming financial results release schedule. The company will disclose its fourth quarter results ending December 31st, 2024, after market close on February 26th, 2025.

CEO Jim Brickman will host an earnings conference call on February 27th, 2025, at 12:00 p.m. Eastern Time. The call will be accessible via webcast on the company's investor relations website, with both domestic and international dial-in options available. A replay of the call will be accessible through March 29th, 2025.

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Trophy Signature Homes, a subsidiary of Green Brick Partners (NYSE: GRBK), has announced the development of Lowry Trails, a new community in Lowry Crossing, Texas, set to open in July 2025. The development will feature 435 homesites with homes starting in the $300,000s.

The community will showcase Trophy's Tree Series home plans on 40-foot lots, offering ENERGY STAR® Certified homes that combine style, function, and energy efficiency. Key amenities include a scenic greenbelt with dense trees and family-friendly green spaces for sports and social gatherings.

Designed to accommodate first-time homebuyers, growing families, and empty nesters, Lowry Trails will feature modern floor plans and a fully furnished model home for tours. The development emphasizes new construction benefits, eliminating hidden costs and uncertainties associated with resale homes.

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Green Brick Partners (NYSE: GRBK), the third largest homebuilder in Dallas-Fort Worth and one of Fortune Magazine's fastest growing companies in 2023, has appointed Elizabeth K. Blake as lead independent director. Blake, who has served as an independent director since 2014, is a member of the Board's Governance and Sustainability Committee and Compensation Committee.

Blake brings extensive executive experience, having previously served in leadership roles at US Airways Group, Trizec Properties, General Electric Power Systems, Cinergy Corp, and Habitat For Humanity International. She also had a distinguished legal career at Frost & Jacobs and Davis Polk & Wardwell.

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Normandy Homes and CB JENI Homes, subsidiaries of Green Brick Partners (NYSE: GRBK), have launched Hazelwood, a new residential community in Frisco, Texas. Located at FM 423 and Rockhill Parkway near the PGA Headquarters, the development will feature 100 townhomes and 226 single-family residences.

The community offers resort-style amenities including an event lawn, fire pit, community pool, playground, and green spaces with scenic trails. The development emphasizes high-quality, energy-efficient features in all homes.

Pricing starts in the $500s for townhomes and $700s for single-family homes. The location provides easy access to schools, shopping, dining, and major highways connecting to downtown Dallas.

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Southgate Homes, a subsidiary of Green Brick Partners (NYSE: GRBK), has opened a new 3,000-square-foot Design Studio in Coppell, Texas, dedicated to luxury buyers. Located within the Southwestern Design Showroom, the studio showcases realistic room examples, premium materials, and extensive design options. Buyers can work with personal designers to customize their homes, exploring various finishes and materials in spaces like chef-inspired kitchens and signature baths. The studio aims to enhance the home buying experience by offering a curated selection of luxury design options in an immersive environment.

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Green Brick Partners (NYSE: GRBK) reported record third quarter 2024 results with home closings revenue of $523M, up 25.7% year-over-year. The company delivered 956 homes with an average selling price of $546,900. Diluted EPS increased 27% to $1.98, while year-to-date diluted EPS grew 34.5% to $6.12. Net new orders increased 11.3% to 877 units. The company maintained strong margins with a homebuilding gross margin of 32.7%. Trophy Signature Homes represented 52% of total sales in Q3, up from 41% in the previous year. Active selling communities and homes under construction increased 23% and 21% year-over-year, respectively.

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Trophy Signature Homes, a subsidiary of Green Brick Partners (NYSE: GRBK), and Meritage Homes (NYSE:MTH) announced the development of Prairie Winds, a new residential community in Hutto, Texas, opening in Q1 2025. The project will feature 1,093 homesites with prices starting in the $320,000s. Trophy Signature Homes will offer homes ranging from 1,000 to 2,700 square feet on various lot sizes. The development will include amenities like a resort-style pool, splash pad, parks, and sports courts, scheduled to open by Summer 2026. The community will be developed in seven phases and is located near Lee Martinez Elementary School.

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Green Brick Partners, Inc. (NYSE: GRBK), the third largest homebuilder in Dallas-Fort Worth and one of Fortune Magazine's fastest growing companies in 2023, has announced the dates for its 8-K filing and earnings call. The company will release its financial results for the third quarter ended September 30th, 2024, after the market closes on October 30th, 2024.

CEO Jim Brickman will host an earnings conference call to discuss the results on Thursday, October 31st, 2024, at 12:00 p.m. Eastern Time. The call will be webcast on the company's website, Investors.greenbrickpartners.com. Interested parties can participate in the live telephone conference call using the provided domestic and international dial-in numbers and access code. A telephone replay of the call will be available until November 30th, 2024.

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The Providence Group, a subsidiary of Green Brick Partners, Inc. (NYSE: GRBK), has been ranked #2 in 2024's Best Places to Work by The Atlanta Business Chronicle. This recognition highlights the company's commitment to fostering a collaborative and supportive workplace environment. The ranking is based on employee surveys assessing workplace happiness and willingness to recommend the company to others.

Warren Jolly, President of The Providence Group, emphasized the company's dedication to advancing its strong company culture, which enables employees to build their careers while providing excellent customer service. The company has also demonstrated its commitment to community engagement through participation in the St. Jude Dream Home® giveaway, raising over $3M for St. Jude Research Hospital, and supporting local charities.

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FAQ

What is the current stock price of Green Brick Partners (GRBK)?

The current stock price of Green Brick Partners (GRBK) is $59.73 as of February 28, 2025.

What is the market cap of Green Brick Partners (GRBK)?

The market cap of Green Brick Partners (GRBK) is approximately 2.7B.

What is Green Brick Partners, Inc.?

Green Brick Partners, Inc. is a publicly traded homebuilding and land development company listed on NASDAQ under the ticker symbol GRBK.

What services does Green Brick Partners, Inc. offer?

The company is involved in land acquisition and development, entitlements, design, construction, marketing, sales, and financial services through its subsidiaries.

Which regions does Green Brick Partners, Inc. operate in?

Green Brick Partners operates primarily in Texas, Georgia, and Florida, with an interest in a homebuilder in Colorado.

Who are Green Brick Partners, Inc.'s subsidiary homebuilders?

The subsidiaries include CB JENI Homes, Normandy Homes, Southgate Homes, Trophy Signature Homes, Centre Living Homes, The Providence Group, and GHO Homes.

What is the main source of revenue for Green Brick Partners, Inc.?

The company's primary revenue comes from the Builder Operations Central segment, which includes its Texas-based homebuilding activities.

What financial services does Green Brick Partners, Inc. provide?

The company offers home financing services through Green Brick Title and BHome Mortgage.

What is the mission of Green Brick Partners, Inc.?

Green Brick Partners aims to provide expertise and capital to build neighborhoods with classic architecture and modern technology, ensuring long-term returns for investors, residents, and cities.

How does Green Brick Partners, Inc. contribute to the homebuilding industry?

Green Brick Partners is actively involved in every step of the homebuilding process, from land acquisition to sales, making it uniquely equipped to develop complex residential communities.

What is Green Brick Communities?

Green Brick Communities is the brand under which Green Brick Partners develops neighborhoods in collaboration with public and private builders.

How can I contact Green Brick Partners, Inc. for more information?

For more information, you can contact Benting Hu, Vice President of Finance, at 469-573-6755 or via email at IR@greenbrickpartners.com.
Green Brick Partners Inc

NYSE:GRBK

GRBK Rankings

GRBK Stock Data

2.72B
41.12M
7.22%
79.28%
2.46%
Residential Construction
Operative Builders
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United States
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