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.
Trophy Signature Homes, a subsidiary of Green Brick Partners (NYSE: GRBK), has launched its new Windmore community in Princeton, Texas, to address the high housing demand in the Dallas/Fort Worth area. The community aims to cater to millennials and growing families by providing affordable, energy-efficient homes.
The homes, which come with standard features like tankless water heaters, LED lighting, and spray foam insulation, are Energy Star Certified. Buyers can choose from 15 floor plans ranging from 1,800 to 3,594 square feet, with prices starting in the $300,000 range.
Windmore includes amenities such as a fitness center, outdoor pool, and walking trails, with inventory homes available for immediate move-in.
Trophy Signature Homes, a subsidiary of Green Brick Partners (NYSE: GRBK), will unveil new model homes at Trails of Lavon in Lavon, Texas. The grand opening event is scheduled for July 12, 2024, from 10am to 6pm. The development features 21 different floor plans, ranging from 1,232 to 3,617 square feet, with homes priced between $291,900 and $502,900. The event provides an opportunity for homebuyers and real estate professionals to view the latest in home design and energy-efficient living. Inventory homes are ready for immediate move-in.
Trophy Signature Homes, a subsidiary of Green Brick Partners (NYSE: GRBK), announces the development of Ragsdale Ranch, a master-planned community in Georgetown, Texas. This community will feature 1,161 homes on 335.84 acres, blending local aesthetics with modern architecture. Homes will range from the low $400,000s to the low $600,000s, and offer various lot sizes and floor plans. Construction starts in 2026, with model homes available by mid-2027. Residents will enjoy resort-style amenities and access to top-rated schools in the Georgetown Independent School District. Georgetown is known for its rapid growth, family-friendly environment, and natural beauty.
The Providence Group announces the grand reopening of Grant Place, a premier condominium community in Grant Park, Atlanta. The new model home, part of Phase II, showcases modern, luxury designs with two bedrooms and two baths, ranging from 1,480 to 1,567 sq ft. Featuring upscale finishes, the model includes white and grey interiors accented by shades of blue, full tile backsplashes, and black and gold lighting. Conveniently located near popular amenities, the community offers private garages, elevator access, balconies, and high-tech security. The grand reopening event is scheduled for June 20.
Lakeside at Tessera, a community along the north shores of Lake Travis, Texas, has announced the addition of Trophy Signature Homes, a subsidiary of Green Brick Partners (NYSE: GRBK), as a builder in their upcoming expansion.
Trophy Signature Homes will offer 40’ homesites with one- and two-story floor plans, catering to first-time homebuyers. The homes will include standard features showcased in model homes, all being Energy Star Certified with amenities such as tankless water heaters and LED lighting.
Residents of Lakeside at Tessera will have access to numerous amenities including a waterfall edge pool, children’s splash pad, hike and bike trails, and a private boat launch. Home prices will start in the high $300,000s, with a model home opening in July 2024.
The Providence Group announced the sale of tickets for the 2024 St. Jude Dream Home in Atlanta, beginning May 16, 2024. Each $100 ticket will enter buyers into a raffle for a newly built home in Brackley, just over a mile from Cumming City Center. The home, featured in The Providence Group's latest neighborhood, includes 4 bedrooms, 3.5 bathrooms, and spans 2,676 sq. ft. Proceeds from the 20,000 tickets aim to raise over $2 million for St. Jude Children's Research Hospital. The raffle will take place on August 15, 2024. Buyers before June 14, 2024, also enter a draw for a Michael Phelps Legend Series LSX 900 hot tub and a $10,000 furniture certificate.
Green Brick Partners, Inc. reported record first quarter 2024 results with diluted EPS of $1.82, up 32.8%, a record homebuilding gross margin of 33.4%, net new home orders of 1,071, backlog of $725 million, and debt to total capital of 18.3%. The company saw strong sales performance with a decrease in cancellation rates and overall average incentive rates, leading to a sequential increase in net new home orders.
FAQ
What is the current stock price of Green Brick Partners (GRBK)?
What is the market cap of Green Brick Partners (GRBK)?
What is Green Brick Partners, Inc.?
What services does Green Brick Partners, Inc. offer?
Which regions does Green Brick Partners, Inc. operate in?
Who are Green Brick Partners, Inc.'s subsidiary homebuilders?
What is the main source of revenue for Green Brick Partners, Inc.?
What financial services does Green Brick Partners, Inc. provide?
What is the mission of Green Brick Partners, Inc.?
How does Green Brick Partners, Inc. contribute to the homebuilding industry?
What is Green Brick Communities?
How can I contact Green Brick Partners, Inc. for more information?
