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. reports news on its homebuilding and land development operations, including quarterly results, home deliveries, net new orders, backlog, gross margins, debt metrics, and share repurchase activity. The company operates through subsidiary homebuilders in Texas, Georgia, and Florida and participates in land acquisition, development, entitlements, design, construction, marketing, and sales for residential neighborhoods and master-planned communities.
Company updates also cover community openings, model-home launches, regional master-planned developments, and recognition of Green Brick communities. Recurring business references include Trophy Signature Homes, CB JENI Homes, Normandy Homes, Southgate Homes, Centre Living Homes, The Providence Group, GHO Homes, and related financial services platforms such as Green Brick Title, Green Brick Mortgage, and Green Brick Insurance.
Trophy Signature Homes, a subsidiary of Green Brick Partners (NYSE: GRBK), has announced the development of Lowry Trails, a new community in Lowry Crossing, Texas, set to open in July 2025. The development will feature 435 homesites with homes starting in the $300,000s.
The community will showcase Trophy's Tree Series home plans on 40-foot lots, offering ENERGY STAR® Certified homes that combine style, function, and energy efficiency. Key amenities include a scenic greenbelt with dense trees and family-friendly green spaces for sports and social gatherings.
Designed to accommodate first-time homebuyers, growing families, and empty nesters, Lowry Trails will feature modern floor plans and a fully furnished model home for tours. The development emphasizes new construction benefits, eliminating hidden costs and uncertainties associated with resale homes.
Green Brick Partners (NYSE: GRBK), the third largest homebuilder in Dallas-Fort Worth and one of Fortune Magazine's fastest growing companies in 2023, has appointed Elizabeth K. Blake as lead independent director. Blake, who has served as an independent director since 2014, is a member of the Board's Governance and Sustainability Committee and Compensation Committee.
Blake brings extensive executive experience, having previously served in leadership roles at US Airways Group, Trizec Properties, General Electric Power Systems, Cinergy Corp, and Habitat For Humanity International. She also had a distinguished legal career at Frost & Jacobs and Davis Polk & Wardwell.
Normandy Homes and CB JENI Homes, subsidiaries of Green Brick Partners (NYSE: GRBK), have launched Hazelwood, a new residential community in Frisco, Texas. Located at FM 423 and Rockhill Parkway near the PGA Headquarters, the development will feature 100 townhomes and 226 single-family residences.
The community offers resort-style amenities including an event lawn, fire pit, community pool, playground, and green spaces with scenic trails. The development emphasizes high-quality, energy-efficient features in all homes.
Pricing starts in the $500s for townhomes and $700s for single-family homes. The location provides easy access to schools, shopping, dining, and major highways connecting to downtown Dallas.
Southgate Homes, a subsidiary of Green Brick Partners (NYSE: GRBK), has opened a new 3,000-square-foot Design Studio in Coppell, Texas, dedicated to luxury buyers. Located within the Southwestern Design Showroom, the studio showcases realistic room examples, premium materials, and extensive design options. Buyers can work with personal designers to customize their homes, exploring various finishes and materials in spaces like chef-inspired kitchens and signature baths. The studio aims to enhance the home buying experience by offering a curated selection of luxury design options in an immersive environment.
Green Brick Partners (NYSE: GRBK) reported record third quarter 2024 results with home closings revenue of $523M, up 25.7% year-over-year. The company delivered 956 homes with an average selling price of $546,900. Diluted EPS increased 27% to $1.98, while year-to-date diluted EPS grew 34.5% to $6.12. Net new orders increased 11.3% to 877 units. The company maintained strong margins with a homebuilding gross margin of 32.7%. Trophy Signature Homes represented 52% of total sales in Q3, up from 41% in the previous year. Active selling communities and homes under construction increased 23% and 21% year-over-year, respectively.
Trophy Signature Homes, a subsidiary of Green Brick Partners (NYSE: GRBK), and Meritage Homes (NYSE:MTH) announced the development of Prairie Winds, a new residential community in Hutto, Texas, opening in Q1 2025. The project will feature 1,093 homesites with prices starting in the $320,000s. Trophy Signature Homes will offer homes ranging from 1,000 to 2,700 square feet on various lot sizes. The development will include amenities like a resort-style pool, splash pad, parks, and sports courts, scheduled to open by Summer 2026. The community will be developed in seven phases and is located near Lee Martinez Elementary School.
Green Brick Partners, Inc. (NYSE: GRBK), the third largest homebuilder in Dallas-Fort Worth and one of Fortune Magazine's fastest growing companies in 2023, has announced the dates for its 8-K filing and earnings call. The company will release its financial results for the third quarter ended September 30th, 2024, after the market closes on October 30th, 2024.
CEO Jim Brickman will host an earnings conference call to discuss the results on Thursday, October 31st, 2024, at 12:00 p.m. Eastern Time. The call will be webcast on the company's website, Investors.greenbrickpartners.com. Interested parties can participate in the live telephone conference call using the provided domestic and international dial-in numbers and access code. A telephone replay of the call will be available until November 30th, 2024.
The Providence Group, a subsidiary of Green Brick Partners, Inc. (NYSE: GRBK), has been ranked #2 in 2024's Best Places to Work by The Atlanta Business Chronicle. This recognition highlights the company's commitment to fostering a collaborative and supportive workplace environment. The ranking is based on employee surveys assessing workplace happiness and willingness to recommend the company to others.
Warren Jolly, President of The Providence Group, emphasized the company's dedication to advancing its strong company culture, which enables employees to build their careers while providing excellent customer service. The company has also demonstrated its commitment to community engagement through participation in the St. Jude Dream Home® giveaway, raising over $3M for St. Jude Research Hospital, and supporting local charities.
The Providence Group, a subsidiary of Green Brick Partners, Inc. (NYSE: GRBK), has announced the acquisition of a 93.4-acre tract in Cumming, GA for a new master-planned residential neighborhood called Market Place. This gated community will feature:
- 444 homesites with prices ranging from mid $500's to high $800's
- 244 traditional single-family homes with alley and front entry designs
- 200 three-story, alley entry townhomes
- Amenities including a clubhouse, pool, pickleball courts, and extensive open greenspace
- Yard maintenance provided by the HOA
Located near Georgia 400 and Cumming City Center, the community offers proximity to dining, shopping, recreational activities, and Northside Hospital. This marks The Providence Group's third venture in the fast-growing Cumming market.
Green Brick Partners reported record results for Q2 2024:
- Home closings revenue: $546.9M, up 20.4% YoY
- Gross margin: 34.5%, up 320 bps YoY
- Diluted EPS: $2.32, up 42.3% YoY
- Net new home orders: 855, up 4.0% YoY
Key highlights:
- Closed 987 units, up 26.1% YoY
- Added over 2,500 future home sites
- Return on equity: 28.3% for H1 2024 (annualized)
- Net debt to total capital ratio: 10.9%
- Repurchased 1.5% of shares for $38.4M
The company cited strong demand, supply shortages in key markets, and its land development strategy as drivers of growth.