Green Brick Partners

Green Brick Partners, Inc. engages in residential land development and homebuilding. It operates through the following segments: Builder Operations Central, Builder Operations Southeast, and Land Development segments. The Builder Operations Central segment segment represents operations of its builders in Texas. The Builder Operations Southeast segment includes operations of builders in Georgia and Florida. The Land Development segment sells finished lots or option lots from third-party developers to their controlled builders for homebuilding operations and provides them with construction financing and strategic planning. The company was founded by James R. Brickman on April 11, 2006 and is headquartered in Plano, TX.

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Green Brick Partners reports record-breaking 2022 results and strategic growth

Green Brick Partners delivered exceptional results in 2022, marked by record home deliveries, revenue growth, and earnings per share. The company's strategic advantages, diverse product range, and strong sales momentum position it well for continued success.
While facing challenges such as a slight decline in net orders, Green Brick's focus on efficient inventory management and cost reduction strategies enhances its resilience. Opportunities lie in capitalizing on market momentum, leveraging strategic advantages, and optimizing operational efficiency.
Overall, Green Brick Partners' performance reflects a robust financial position, successful partnerships, and a prudent approach to market dynamics. The company's cautious optimism and focus on customer satisfaction underscore its commitment to sustainable growth and profitability.

Green Brick Partners achieves record Q1 results amidst market challenges

Green Brick Partners delivered exceptional first quarter results, showcasing robust sales performance, operational efficiency, and strong financial metrics.
With strategic advantages in high-growth markets and a focus on maintaining a strong balance sheet, the company is well-positioned to capitalize on market opportunities.
While facing challenges such as interest rate volatility, Green Brick Partners remains optimistic about its growth prospects and is prepared to navigate market uncertainties effectively.
Overall, Green Brick Partners' performance, strengths, and proactive approach to capital deployment position it for continued success and sustainable growth in the housing market.

Green Brick Partners (GRBK) posts strong Q2 earnings amidst delivery challenges

Green Brick Partners (GRBK) reported robust financial results in Q2 2023, driven by strong demand, increased margins, and strategic share repurchases. While facing challenges in home deliveries, the company's focus on operational efficiencies and market positioning presents opportunities for sustained growth and profitability.

Green Brick Partners excels in Q3 with record margins and strong demand

Green Brick Partners' Q3 2023 performance reflects robust growth, strong financial health, and a strategic focus on meeting evolving market demands.
While facing challenges such as market uncertainties and managing cancellation rates, the company's strengths in prime land opportunities and resilient sales orders position it well for future opportunities.
By leveraging its solid balance sheet, expanding active selling communities, and optimizing operational efficiency, Green Brick Partners can navigate challenges and capitalize on growth prospects in the real estate sector.

Green Brick Partners achieves record results in 2023, eyes strategic growth opportunities

Green Brick Partners delivered exceptional financial performance in 2023, driven by strong home closings revenue, margin growth, and increased net new orders. The company's strategic focus on quality backlog, operational efficiencies, and sustainable margins positions it well for future growth and expansion.

Green Brick Partners reports stellar Q1 performance and eyes strategic growth opportunities

Green Brick Partners excelled in Q1 2024, showcasing strong financial performance, operational efficiency, and strategic advantages. Despite market challenges, the company remains optimistic about sustaining a healthy housing market and is well-positioned for future growth and investment opportunities.

Green Brick Partners reports strong Q3 earnings and growth prospects

Green Brick Partners delivered robust financial results in Q3 2024, showcasing revenue growth, margin stability, and profitability improvements.
While facing challenges such as backlog value decline, the company's strong financial position, efficient operations, and growth prospects position it well for the future.
By leveraging its strengths in land strategy and financial management, Green Brick can navigate challenges, capitalize on opportunities, and drive sustained growth in the real estate market.

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Green Brick Partners is a Texas-centric homebuilding and land development company that has broken new records in the most recent quarter and fiscal year. They have a strong presence in Dallas-Fort Worth and Austin, Texas, and are about to enter the Houston market, which saw the largest number of new home constructions in 2023. Green Brick has experienced significant growth, with record home-closing revenue, gross margins, and new orders, making it an attractive investment option.

Green Brick Offers Low P/E, Growth Prospects Even In Down Market

Green Brick Partners, Inc. (GRBK) Q4 2023 Earnings Call Transcript

PLANO, Texas--(BUSINESS WIRE)--Green Brick Partners, Inc. (NYSE: GRBK) (“we,” “Green Brick” or the “Company”), today reported results for its fourth quarter ended December 31, 2023. Green Brick finished 2023 with a record $6.14 diluted EPS and record total revenues of $1.8 billion. “For the fourth quarter, we delivered a record 825 homes, an increase of 13.5% due to shorter construction cycle times and strong demand. Our industry leading homebuilding gross margin was 31.4% for the quarter and 3.

Green Brick Partners, Inc. Reports Fourth Quarter and Full Year 2023 Results

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In a shifting economy, there is an interplay between inflation, interest rates and economic data. Strategic maneuvering can lead to a difference between profit and loss.

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PLANO, Texas, Feb. 22, 2024 (GLOBE NEWSWIRE) -- Green Brick Partners, Inc. ("Green Brick"), the third largest homebuilder in Dallas-Fort Worth, and Hersh Family Investments ("HFI") are excited to announce Rainwater Crossing, a new residential project in Celina, Texas, one of the fastest growing areas of the Dallas-Fort Worth metroplex. This will be the sixth community in Celina in which Green Brick has been involved.

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

Green Brick Partners (GRBK) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Green Brick Partners (GRBK) Earnings Expected to Grow: Should You Buy?

Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.

Are Investors Undervaluing Green Brick Partners (GRBK) Right Now?

PLANO, Texas, Feb. 13, 2024 (GLOBE NEWSWIRE) -- U.S. Marine Corps Corporal Neftali “Nef” Mendoza and his family received the keys to their newly completed and personalized home in Celina, Texas during a special dedication event on Monday, January 29. Operation Finally Home along with Normandy Homes, one of Green Brick Partners, Inc.'s (NYSE: GRBK) subsidiary homebuilder brands, partnered to provide the home for the Mendoza family.

Normandy Homes Partners with Operation Finally Home to Deliver Mortgage-Free Home for Veteran in Celina, Texas

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Despite a high interest rate environment, recovery in demand for certain real-estate property types and constrained supply poise Real Estate Development industry players like BKGFY, GRBK and FOR well for growth.

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GRBK's Series A preferreds offer an 8% yield on cost and are trading at a 29% discount to their liquidation price of $25 per share. The company's common shares are trading near all-time highs, with a record high gross margin and strong earnings. Cash and equivalents of $223.45 million means a material level of coverage for the preferred payments with GRBK also materially delivering its balance sheet.

Green Brick Partners: Should You Move Into The Preferreds?

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Steve Symington is a long-time contributor to The Motley Fool. Over the years, he's written more than 8,000 articles for the publication.

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Green Brick Partners has successfully navigated the home-building and land development industry, consistently outperforming market expectations. The company's growth trajectory showcases resilience, adaptability, and a focus on profitability and customer satisfaction. GRBK's strategic milestones, financial prudence, and distinguished management team position it as a front-runner in the competitive home-building market.

Green Brick: The Hidden Gem Of The Home-Building Sector

PLANO, Texas, Dec. 19, 2023 (GLOBE NEWSWIRE) -- Green Brick Partners, Inc. (NYSE: GRBK) (the “Company” or “Green Brick”), one of Fortune Magazine's fastest growing companies in 2022 and its fastest growing public homebuilder, announced that it was a recipient of a 2023 Platinum Safety Partner award from Texas Mutual Insurance Company on December 15th, 2023.

Green Brick Partners, Inc. Receives Platinum Safety Partner Award from Texas Mutual

ATLANTA, Dec. 07, 2023 (GLOBE NEWSWIRE) -- The Providence Group, a premier developer and homebuilder of award-winning neighborhoods throughout Atlanta, is partnering for the second time with St. Jude Children's Research Hospital on the St. Jude Dream Home®. The Providence Group is one of Green Brick Partners, Inc.'s (NYSE: GRBK) (the “Company” or “Green Brick”) subsidiary homebuilder brands. Green Brick is one of Fortune Magazine's fastest growing companies in 2022 and its fastest growing public homebuilder.

The Providence Group Joins Again with St. Jude Children's Research Hospital to Build the Atlanta 2024 St. Jude Dream Home

DALLAS, Nov. 28, 2023 (GLOBE NEWSWIRE) -- Southgate Homes, a premier luxury homebuilder in Dallas-Fort Worth, recently released a lineup of fresh new floorplans in The Reserve at Watters in Allen and Painted Tree Lakeside South in McKinney, Texas. Southgate Homes is one of Green Brick Partners, Inc.'s (NYSE: GRBK) (“Green Brick”) subsidiary homebuilder brands. Green Brick is listed as one of Fortune Magazine's fastest growing companies in 2022 and its fastest growing public homebuilder.

Southgate Homes opens new luxury communities in Allen and McKinney, Texas

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David Einhorn's Greenlight Capital cut its stakes in its top two holdings, U.S. housebuilder Green Brick Partners and Pennsylvania coal miner Consol Energy , and instead plowed millions into gold in the third quarter, the New York hedge fund's 13-F filings show.

David Einhorn's Greenlight Capital snaps up gold as it cuts stake in top two holdings

Green Brick Partners, Inc. (NYSE:GRBK ) Q3 2023 Earnings Conference Call November 1, 2023 12:00 PM ET Company Participants Richard Costello - Chief Financial Officer James Brickman - Co-Founder and Chief Executive Officer Jed Dolson - President and Chief Operating Officer Conference Call Participants Jay McCanless - Wedbush Securities Carl Reichardt - BTIG Alexander Rygiel - B. Riley Securities Alex Barron - Housing Research Center Operator Thank you for standing by.

Green Brick Partners, Inc. (GRBK) Q3 2023 Earnings Call Transcript

Green Brick Partners' recent stock price underperformance was due to the overall weakening investor sentiment, not underlying fundamentals. The company's latest quarterly earnings demonstrated strong financial performance and operational excellence in homebuilding. The stock is undervalued and has a potential upside of 112% according to a DCF analysis, making it a "Strong Buy".

Green Brick Partners: Recent Weakness Provides Strong Buying Opportunity

HOMEBUILDING GROSS MARGIN 33.3% , RECORD HIGH IN COMPANY HISTORY Q3 DILUTED EPS OF $1.56 AND $4.55 YEAR-TO-DATE NEW HOME ORDERS UP 95.0% FOR THE QUARTER AND 72.7% YEAR-TO-DATE BACKLOG UP 10.4% YOY AND 68.7% FROM END OF 2022 DEBT TO TOTAL CAPITAL OF 21.8%; NET DEBT TO TOTAL CAPITAL OF 9.0%

Green Brick Partners, Inc. Reports Third Quarter 2023 Results

PLANO, Texas, Oct. 30, 2023 (GLOBE NEWSWIRE) -- Green Brick Partners, Inc. (NYSE: GRBK) (the “Company” or “Green Brick”) today announced the promotion of Jed Dolson to President and Chief Operating Officer. This announcement recognizes the significant contributions and leadership of Mr. Dolson that have played an integral role in Green Brick's growth, including being named by Fortune Magazine the past four years as one of the fastest growing public homebuilders and land development companies in the country.

Green Brick Partners, Inc. Announces Promotion of Jed Dolson to President

ATLANTA, Oct. 30, 2023 (GLOBE NEWSWIRE) -- The Providence Group, one of Atlanta's most respected homebuilders, is honored to have been selected by St. Jude Children's Research Hospital to participate in the first ever St. Jude Dream Home Giveaway in Atlanta, GA. The Providence Group is also excited to announce the completion of the St. Jude Dream Home Giveaway home in the Millcroft community in Buford, GA. The Providence Group is one of Green Brick Partners, Inc.'s (NYSE: GRBK) (the “Company” or “Green Brick”) subsidiary homebuilder brands. Green Brick is one of Fortune Magazine's fastest growing companies in 2022 and its fastest growing public homebuilder.

The Providence Group Built the First Ever St. Jude Dream Home in Atlanta, GA

Green Brick (GRBK), in a new joint project with Century Communities, buys land in Austin, TX, to develop a new community. Construction is expected to begin in early 2025.

Green Brick (GRBK) & Century Communities Buy Land in Texas

AUSTIN, Texas, Oct. 09, 2023 (GLOBE NEWSWIRE) -- Green Brick Partners and Century Communities today announced a new joint development project in Austin, Texas. The two companies have purchased approximately 165 acres of land in Braker Valley, approximately 15 miles west of Trinity Ranch, a community where the two companies are actively selling single-family homes. Green Brick Partners, Inc. (“Green Brick”) is listed as one of Fortune Magazine's fastest-growing companies in 2022 and its fastest-growing public homebuilder. Century Communities—top 10 national homebuilder, industry leader in online home sales, and the highest-ranked homebuilder on Newsweek's list of America's Most Trustworthy Companies 2023—offers new homes at multiple communities in the greater Austin area.

Green Brick Partners, Inc. and Century Communities Announce New Land Acquisition in Austin, Texas

Green Brick (GRBK) buys land in Florida's Vero Beach to construct 78 homes, expected to start by 2023-end. It anticipates generating attractive returns and gross margins from the community.

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