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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.
Dallas Business Journal recognized Green Brick Partners (Nasdaq: GRBK) along with Taylor Morrison and Davidson Bogel Real Estate for the 2020 Best Land Transaction award for the Madero community. This 895-acre residential development will feature 2,500 homes and extensive amenities, with the first phase expected by the end of 2021. The community is strategically located in north Fort Worth, an area experiencing rapid growth. Green Brick aims to replicate the success seen at neighboring Cibolo Hills, according to COO Jed Dolson.
Green Brick Partners, Inc. (GRBK) reported exceptional Q2 2021 results, achieving total revenues of $373.8 million, a 60.5% increase year-over-year. Income before income taxes soared 104.4% to $74.0 million, with a record backlog of $974.3 million, up 118.2%. The homebuilding gross margin improved by 360 basis points to 26.8%. New home deliveries reached 757, reflecting a 36.9% rise, and the company saw a significant increase in lots controlled, up 132.7%. CEO Jim Brickman expressed confidence in accelerating growth and returns for investors.
Green Brick Partners, Inc. (NASDAQ: GRBK) is set to announce its second quarter financial results for the period ending June 30, 2021, after market closure on August 3, 2021. CEO Jim Brickman will host a conference call on August 4, 2021, at 12:00 p.m. ET, to discuss the results, which will also be available via webcast. Interested parties can join the call using specific dial-in details provided in the release. The replay will be accessible through the company's website until September 30, 2021.
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.
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.
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.
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.
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.
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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