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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.

News

Green Brick Partners, Inc. and Hersh Family Investments Announce Rainwater Crossing, a New Joint Venture Community in Celina, Texas

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Green Brick Partners, Inc. and Hersh Family Investments announce Rainwater Crossing, a new residential project in Celina, Texas. The development will feature 1,900 homesites spread across 550 acres with impressive amenities. This marks Green Brick's sixth community in Celina, aiming to enhance residents' quality of life.
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Normandy Homes Partners with Operation Finally Home to Deliver Mortgage-Free Home for Veteran in Celina, Texas

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U.S. Marine Corps Corporal Neftali “Nef” Mendoza and his family received a newly completed home in Celina, Texas through a partnership between Operation Finally Home, Normandy Homes, and Green Brick Partners, Inc. The Mendozas were surprised with a mortgage-free home, graciously provided by the community and various organizations.
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Green Brick Partners, Inc. Announces Dates For 8-K Filing and Earnings Call

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Green Brick Partners, Inc. (NYSE: GRBK), the third largest homebuilder in Dallas-Fort Worth, announced the release of its financial results for the fourth quarter ended December 31st, 2023. The company will host an earnings conference call on Friday, March 1st, 2024, to discuss the results. Green Brick was recognized as one of Fortune Magazine’s fastest-growing companies in 2022 and its fastest-growing public homebuilder.
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Green Brick Partners, Inc. Receives Platinum Safety Partner Award from Texas Mutual

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Green Brick Partners, Inc. (NYSE: GRBK) received a 2023 Platinum Safety Partner award from Texas Mutual Insurance Company, recognizing their commitment to workplace safety. Only 200 out of 76,000 policyholders were honored, reflecting Green Brick's outstanding safety record and core value of prioritizing employee health and safety.
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The Providence Group Joins Again with St. Jude Children’s Research Hospital to Build the Atlanta 2024 St. Jude Dream Home

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The Providence Group (NYSE: GRBK) partners with St. Jude Children’s Research Hospital for the 2024 St. Jude Dream Home in Cumming, Georgia. The home will feature a modern farmhouse elevation with 2,579 square feet of living space. The home's value is estimated to be between $650,000-$700,000, with ticket sales starting in May 2024 and the raffle on August 15, 2024.
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Southgate Homes opens new luxury communities in Allen and McKinney, Texas

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Southgate Homes (NYSE: GRBK) introduces new floorplans in The Reserve at Watters in Allen and Painted Tree Lakeside South in McKinney, Texas. The luxury homebuilder, a subsidiary of Green Brick Partners, Inc., has seen significant growth and is listed as one of Fortune Magazine’s fastest growing companies in 2022. The Reserve at Watters in Allen features 124 homesites with prices starting from the low millions, while Painted Tree Lakeside South in McKinney offers 67 homesites with prices starting from the mid-$800s.
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Green Brick Partners, Inc. Reports Third Quarter 2023 Results

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Green Brick Partners, Inc. reported strong financial results for Q3 2023. The company achieved a record high homebuilding gross margin of 33.3%, with Q3 diluted EPS of $1.56 and $4.55 year-to-date. New home orders increased by 95.0% for the quarter and 72.7% year-to-date, and backlog grew by 10.4% year-over-year and 68.7% from the end of 2022. The company's debt to total capital ratio was 21.8%, with a net debt to total capital ratio of 9.0%.
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Green Brick Partners, Inc. Announces Promotion of Jed Dolson to President

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Green Brick Partners, Inc. announced the promotion of Jed Dolson to President and Chief Operating Officer. Dolson has been with the company since 2010 and has played a key role in its growth. Green Brick has been recognized as one of the fastest growing homebuilders and land development companies in the country. Dolson's strategic and disciplined approach has led to the success of the company and its subsidiary builder brands.
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The Providence Group Built the First Ever St. Jude Dream Home in Atlanta, GA

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The Providence Group, a respected homebuilder in Atlanta, has been selected by St. Jude Children’s Research Hospital for the first St. Jude Dream Home Giveaway in Atlanta. The completion of the giveaway home in the Millcroft community in Buford, GA has been announced. The St. Jude Dream Home Giveaway program has raised over $550 million for St. Jude since 1991. $1.5 million was raised for this project through the sale of entry tickets. The Providence Group covered operational and marketing costs and donated profits, while Green Brick Partners donated the lot and local trade partners donated labor and materials.
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Green Brick Partners, Inc. Announces Dates For 8-K Filing and Earnings Call

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Green Brick Partners, Inc. to release Q3 2023 financial results
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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 $57.63 as of December 20, 2024.

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

The market cap of Green Brick Partners (GRBK) is approximately 2.5B.

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.

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Green Brick Partners, Inc

NYSE:GRBK

GRBK Rankings

#1787 Ranked by Market Cap
N/A Ranked by Dividends

GRBK Stock Data

2.52B
41.28M
7.22%
79.37%
2.62%
Residential Construction
Operative Builders
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United States of America
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