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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.
Green Brick Partners (NYSE: GRBK), a leading homebuilder in Dallas-Fort Worth and recognized as one of Fortune Magazine's fastest growing companies in 2023, announced it will release its Q2 2024 financial results on July 31st, 2024.
CEO Jim Brickman will host an earnings call on August 1st, 2024, at 12:00 p.m. ET to discuss the results. The call will be webcast on the company's investor website, with options for both domestic and international phone participation and replay available through August 31st, 2024.
Trophy Signature Homes, a subsidiary of Green Brick Partners (NYSE: GRBK), will unveil new model homes at Trails of Lavon in Lavon, Texas. The grand opening event is scheduled for July 12, 2024, from 10am to 6pm. The development features 21 different floor plans, ranging from 1,232 to 3,617 square feet, with homes priced between $291,900 and $502,900. The event provides an opportunity for homebuyers and real estate professionals to view the latest in home design and energy-efficient living. Inventory homes are ready for immediate move-in.
Trophy Signature Homes, a subsidiary of Green Brick Partners (NYSE: GRBK), has launched its new Windmore community in Princeton, Texas, to address the high housing demand in the Dallas/Fort Worth area. The community aims to cater to millennials and growing families by providing affordable, energy-efficient homes.
The homes, which come with standard features like tankless water heaters, LED lighting, and spray foam insulation, are Energy Star Certified. Buyers can choose from 15 floor plans ranging from 1,800 to 3,594 square feet, with prices starting in the $300,000 range.
Windmore includes amenities such as a fitness center, outdoor pool, and walking trails, with inventory homes available for immediate move-in.
Trophy Signature Homes, a subsidiary of Green Brick Partners (NYSE: GRBK), announces the development of Ragsdale Ranch, a master-planned community in Georgetown, Texas. This community will feature 1,161 homes on 335.84 acres, blending local aesthetics with modern architecture. Homes will range from the low $400,000s to the low $600,000s, and offer various lot sizes and floor plans. Construction starts in 2026, with model homes available by mid-2027. Residents will enjoy resort-style amenities and access to top-rated schools in the Georgetown Independent School District. Georgetown is known for its rapid growth, family-friendly environment, and natural beauty.
The Providence Group announces the grand reopening of Grant Place, a premier condominium community in Grant Park, Atlanta. The new model home, part of Phase II, showcases modern, luxury designs with two bedrooms and two baths, ranging from 1,480 to 1,567 sq ft. Featuring upscale finishes, the model includes white and grey interiors accented by shades of blue, full tile backsplashes, and black and gold lighting. Conveniently located near popular amenities, the community offers private garages, elevator access, balconies, and high-tech security. The grand reopening event is scheduled for June 20.
Lakeside at Tessera, a community along the north shores of Lake Travis, Texas, has announced the addition of Trophy Signature Homes, a subsidiary of Green Brick Partners (NYSE: GRBK), as a builder in their upcoming expansion.
Trophy Signature Homes will offer 40’ homesites with one- and two-story floor plans, catering to first-time homebuyers. The homes will include standard features showcased in model homes, all being Energy Star Certified with amenities such as tankless water heaters and LED lighting.
Residents of Lakeside at Tessera will have access to numerous amenities including a waterfall edge pool, children’s splash pad, hike and bike trails, and a private boat launch. Home prices will start in the high $300,000s, with a model home opening in July 2024.
The Providence Group announced the sale of tickets for the 2024 St. Jude Dream Home in Atlanta, beginning May 16, 2024. Each $100 ticket will enter buyers into a raffle for a newly built home in Brackley, just over a mile from Cumming City Center. The home, featured in The Providence Group's latest neighborhood, includes 4 bedrooms, 3.5 bathrooms, and spans 2,676 sq. ft. Proceeds from the 20,000 tickets aim to raise over $2 million for St. Jude Children's Research Hospital. The raffle will take place on August 15, 2024. Buyers before June 14, 2024, also enter a draw for a Michael Phelps Legend Series LSX 900 hot tub and a $10,000 furniture certificate.
Green Brick Partners, Inc. reported record first quarter 2024 results with diluted EPS of $1.82, up 32.8%, a record homebuilding gross margin of 33.4%, net new home orders of 1,071, backlog of $725 million, and debt to total capital of 18.3%. The company saw strong sales performance with a decrease in cancellation rates and overall average incentive rates, leading to a sequential increase in net new home orders.
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