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.
News about Green Brick Partners, Inc. (NYSE: GRBK) centers on its role as a diversified homebuilding and land development company with operations in Texas, Georgia, and Florida. Company press releases and Form 8-K filings provide regular updates on quarterly financial and operational results, including new homes delivered, home closings revenue, homebuilding gross margins, net new home orders, backlog, and capital structure developments.
Investors following GRBK news will see detailed earnings announcements that discuss revenue, gross profit, net income attributable to Green Brick, and metrics such as average sales price of homes delivered, cancellation rates, absorption rates per community, and the number of active selling communities. Management commentary often focuses on land acquisition and self-development, infill and infill-adjacent locations, and the company’s approach to maintaining homebuilding gross margins.
News coverage also includes updates on Green Brick’s capital markets activity and financing arrangements. Examples from recent filings and releases include information on amendments to the company’s revolving credit facility, total commitments under that facility, and board-authorized share repurchase programs. Announcements regarding dividends on the company’s 5.75% Series A Cumulative Perpetual Preferred Stock and the trading of Series A Depositary Shares (NYSE: GRBK.PRA) are also disclosed through news and 8-K filings.
Beyond corporate-level news, Green Brick’s subsidiary builders generate frequent updates about new community openings, model home unveilings, and recognition in local awards. Releases from brands such as Trophy Signature Homes and Southgate Homes describe new residential communities, amenity offerings, and industry awards in markets like Dallas–Fort Worth and other Texas cities. Together, these items provide a view into Green Brick’s ongoing development activity and its presence in key housing markets.
This news page aggregates these announcements, offering a centralized view of Green Brick Partners’ earnings releases, operational updates, financing developments, and subsidiary-level community and award news for users tracking the GRBK stock and its homebuilding activities.
Green Brick Partners, Inc. (NYSE: GRBK) is set to announce its financial results for Q1 2023 after market close on May 3, 2023. Jim Brickman, the CEO, will lead a conference call at 12:00 p.m. ET on May 4, 2023, to discuss the results. Listeners can access the call via the Company’s website.
Green Brick is recognized as one of Fortune’s fastest-growing companies in 2022 and operates diversified homebuilding and land development businesses across Texas, Georgia, and Florida. The Company owns multiple subsidiary homebuilders and is involved in all stages of the homebuilding process, including land acquisition, construction, and sales.
Green Brick Partners reported record fourth-quarter home closing revenue of $428.6 million and gross profit of $112.4 million for Q4 2022. The average sales price rose 15.7% to $589,500. Despite a 11.1% drop in net new home orders, sales momentum improved in December, increasing 43% compared to the previous six months. The company also reduced its debt-to-capital ratio to 25.7% and construction costs by an average of $40,000 due to lower lumber prices. Annual revenue grew 25.3% year-over-year to $1.76 billion, with diluted earnings per share increasing by 61.8% to $6.02.
Green Brick Partners (NYSE: GRBK) will announce its fourth quarter and full-year financial results for 2022 on February 27, 2023, after market close. CEO Jim Brickman will host a conference call on February 28, 2023, at 12:00 p.m. ET to discuss the results. The call will be accessible via the company's website. Green Brick operates in Texas, Georgia, and Florida, owning several subsidiary homebuilders and engaging in all aspects of homebuilding.
Green Brick Partners, Inc. (GRBK) celebrates the achievements of its subsidiary, The Providence Group, which received two "Community of the Year" awards at the 42nd annual OBIE Awards. This recognition includes the Mixed Use Community of the Year for The Maxwell and Detached Community of the Year for Idylwilde. The awards highlight The Providence Group's commitment to excellence in home building and development, showcasing innovative designs and amenities that enhance the living experience in Atlanta.
Green Brick Partners reported strong Q3 2022 results, with a diluted EPS of $1.57, up 65.3%, and a net income of $73.5 million, reflecting a 51.6% increase year-over-year. Total revenues reached $407.9 million, a 19.2% rise, driven by residential units revenue of $396.7 million, up 17.1%. The company's homebuilding gross margin improved by 550 bps to 32.4%, the highest among public builders. Despite challenges, the strong balance sheet enables potential market share growth as peers reduce activity.
Green Brick Partners (NYSE: GRBK) will release its Q3 2022 financial results on November 2, 2022, after market close. CEO Jim Brickman will lead a conference call on November 3, 2022, at 12:00 p.m. ET to discuss the results. Green Brick, recognized as Fortune’s fastest growing public homebuilder in 2021, operates multiple subsidiary homebuilders across major markets in Texas, Atlanta, and Florida, focusing on diverse aspects of homebuilding including land acquisition and sales.
Green Brick Partners (GRBK) reported remarkable second-quarter results for 2022, achieving record home closings revenue of $510.5 million, up 53.6% year-over-year. Net income attributable to GRBK surged by 93.7% to $101.3 million, with diluted EPS reaching $2.08, marking a 103.9% increase. The homebuilding gross margin also improved significantly, rising 550 bps to 32.3%. The company repurchased 3.7 million shares for $75.7 million in Q2, enhancing shareholder value. Despite a drop in backlog by 27.1%, GRBK maintains a strong leverage ratio of 28.9%.
Green Brick Partners, Inc. (NYSE: GRBK) announced its inclusion in the S&P SmallCap 600 index effective July 20, 2022. The Company, recognized as Fortune Magazine’s fastest-growing public homebuilder in 2021, operates through eight homebuilder brands across five major markets. Its subsidiaries include CB JENI Homes and Normandy Homes in Texas, The Providence Group in Atlanta, and GHO Homes in Florida. Green Brick is involved in all aspects of homebuilding, from land acquisition to sales.
Green Brick Partners, Inc. (NYSE: GRBK), recognized as Fortune Magazine’s fastest growing public homebuilder, will release its financial results for Q2 2022 on August 3, 2022, after market close. An earnings conference call will be hosted by CEO Jim Brickman on August 4, 2022, at 12:00 p.m. ET. The company, operating across five major markets with multiple subsidiary brands, is engaged in all facets of homebuilding, including land development and sales.
Green Brick Partners (NYSE: GRBK) has acquired 152 acres in Cumming, GA, to develop a mixed-use community named Sawnee Village. The project will feature 474 homes, 250+ apartments, and 220,000 SF of senior living and commercial space, with an estimated value exceeding $400 million. Located near major highways, the development aims to address the undersupplied housing market in the Forsyth Central High School area, which currently has only 0.7 months of housing inventory. Development is expected to commence in early Summer 2022.
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