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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 (NASDAQ: GRBK) will host a virtual investor day on August 5, 2021, from 9:00 am to 12:00 pm CST. The event will feature presentations from CEO Jim Brickman, CFO Rick Costello, and COO Jed Dolson, along with a keynote and Q&A with David Einhorn. Attendees will gain insights into the housing market and engage with subsidiary homebuilder leadership. Registration is required at greenbrickpartners.com/investorday2021. The company, involved in homebuilding and land development, owns several subsidiary builders across the U.S.

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Green Brick Partners has partnered with Meritage Homes to purchase 1,838 lots in the Lake Haven subdivision, Farmersville, Texas. The project includes a 50/50 partnership, covering 453 acres, and construction is set to start in February 2022. The area will offer various lot sizes and amenities such as parks and an amenity center. Home sales are projected to begin in Fall 2023, providing affordable, energy-efficient homes designed for diverse lifestyle preferences. This development aims to meet the growing demand for quality housing near North Dallas.

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Green Brick Partners, Inc. (NASDAQ: GRBK) announced its first virtual investor day set for August 5, 2021, from 9:00 am to 12:00 pm CST. CEO Jim Brickman expressed excitement about showcasing the company's strategic advantages in homebuilding and land development. The event will feature presentations from key executives, discussions on housing market trends, and a Q&A session with subsidiary builders. Interested participants can register at greenbrickpartners.com/investorday2021.

Green Brick is a national firm specializing in homebuilding and land development.

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Green Brick Partners, Inc. (GRBK) announced the acquisition and development of ten new communities in Dallas-Fort Worth, Texas, and Atlanta, Georgia, representing over 6,000 homes. The company has secured over 5,700 homesites in Texas and 300 in Atlanta to address record demand amidst low supply. Key locations in Texas include Frisco, Allen, and McKinney, while Georgia sites are in Alpharetta and Sugar Hill. Green Brick’s ongoing construction includes 2,458 homes, the highest in its history, as the company navigates supply chain challenges and seeks to optimize processes.

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Green Brick Partners, Inc. (Nasdaq: GRBK) reported record first-quarter results for 2021, marking its best performance to date. Key figures include a 64.5% increase in diluted earnings per share to $0.51, and net income of $25.97 million, up 63.2% year-over-year. The backlog surged 133.0% to $995.7 million, and net new home orders rose 71.2% to 1,082 homes. With 2,303 homes under construction, the company anticipates continued growth driven by high demand despite some supply chain challenges.

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Green Brick Partners, Inc. (Nasdaq: GRBK) announced plans to release its first quarter financial results for the period ending March 31, 2021, after market close on May 4, 2021. CEO Jim Brickman will discuss these results during an earnings conference call scheduled for May 5, 2021, at 12:00 p.m. Eastern Time. Investors can access the call via toll-free and international dial-in numbers, and a replay will be available until May 19, 2021. Green Brick is a diversified homebuilding and land development company, owning several homebuilders across Texas, Georgia, and Florida.

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Green Brick Partners reported strong financial results for the fourth quarter and fiscal year 2020, achieving record diluted EPS of $2.24, a 93% increase year-over-year. Total revenues reached $976 million, up 23% from 2019, driven by 50% growth in net new home orders. The company’s inventory of controlled lots rose to 14,468, a 58% increase in six months. Notably, net income grew to $113.7 million, a 94% increase. A new $50 million stock repurchase program was authorized, enhancing shareholder value. The firm anticipates ongoing growth into 2021, supported by a strong backlog and increased home prices.

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Green Brick Partners has successfully issued $125 million of senior unsecured notes due in 2028, with a fixed interest rate of 3.25%. This private placement, structured by Prudential Private Capital, is the third issuance in recent years, enhancing the company’s long-term capital structure. The proceeds will be used primarily to repay existing debt and cover transaction costs. The firm plans to release its financial results for the fourth quarter and year ended December 31, 2020, on March 8, 2021, and will discuss this during a conference call on March 9.

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Green Brick Partners, Inc. (Nasdaq: GRBK) will release its financial results for the fourth quarter and year ended December 31, 2020, after market close on March 8, 2021. An earnings conference call hosted by CEO Jim Brickman will follow on March 9, 2021, at 12:00 p.m. ET. Participants can access the call via specific dial-in numbers and must use conference ID 5479336. A replay will be available from March 9 through March 23, 2021.

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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.

Green Brick Partners, Inc

Nasdaq:GRBK

GRBK Rankings

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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