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 (GRBK) reported impressive first-quarter results for 2022, showcasing a 68% increase in home closings revenue to $363.1 million and a record net income of $61.6 million, marking a 137% rise year-over-year. The company's diluted EPS reached $1.20, a 135% increase from Q1 2021.
Homebuilding gross margin improved by 240 basis points to 27.8%. Despite a 13% decline in backlog, lots owned rose 42.5%, indicating strong market positioning.
Green Brick Partners (NYSE: GRBK) announced the appointment of Lila Manassa Murphy as an independent director to its Board of Directors, filling a new seat. With over 25 years of investment management experience and a background in real estate finance, Ms. Manassa Murphy's expertise is expected to support Green Brick's growth. She has served as CFO at Dundee Corporation and has a history of involvement with various investment firms. CEO Jim Brickman highlighted her unique perspective as vital for driving long-term success.
Green Brick Partners, Inc. (NYSE: GRBK) announced it will release Q1 2022 financial results on May 3rd, after market close. The results will be discussed in an earnings call hosted by CEO Jim Brickman on May 4th at 12:00 p.m. ET, accessible via their website or by dial-in numbers provided in the release. Green Brick operates through diverse homebuilder brands across multiple states, focusing on homebuilding processes from land acquisition to sales.
Green Brick Partners reported record financial results for Q4 2021, with total revenues of $452.3 million, reflecting a 78% increase year-over-year. The company achieved an income before taxes of $82.6 million, up 117.6%, and a full-year income before taxes of $257 million, marking a 79.9% rise. They enhanced their operational efficiency, as indicated by a 350 bps improvement in SG&A expenses to 8.8%. Notably, lots owned and controlled surged 97.8%, supporting future growth and stability.
Green Brick Partners, Inc. (NYSE: GRBK) announced it will release its financial results for Q4 and fiscal year 2021 on March 1, 2022, after market close. The results will be discussed in an earnings call led by CEO Jim Brickman at 12:00 p.m. ET on March 2, 2022. The call will be accessible via the company's website and through designated dial-in numbers. Green Brick, recognized by Fortune Magazine as a top growth company, operates various homebuilder brands across major U.S. markets.
Green Brick Partners announced its expansion into the Austin, Texas housing market under the Trophy Signature Homes brand, known for affordable, energy-efficient homes. The Company has acquired 383 acres in Elgin, Texas, for its first Austin community, Trinity Ranch, which will feature over 1,700 homes, including 850 from Trophy Signature Homes. Construction is expected to begin in early 2023, with sales projected to start in spring 2023. This move aims to address the limited inventory of entry-level homes in the region.
Green Brick Partners (NYSE: GRBK) has announced a public offering of 2,000,000 depositary shares, priced at $25.00 each, raising $50 million before expenses. The offering is set to close around December 23, 2021. Each depositary share represents a 1/1000th interest in the Company’s 5.75% Series A Cumulative Perpetual Preferred Stock, with dividends to be paid at the discretion of the Board. The net proceeds will support general corporate purposes, including business expansion and debt repayment. The shares will trade under the symbol “GRBK PRA.”
Green Brick Partners, Inc. (GRBK) has initiated a public offering of 2,000,000 depositary shares of its Series A Cumulative Perpetual Preferred Stock, targeting gross proceeds of $50 million, subject to market conditions. Each depositary share represents a fractional interest in a preferred stock with a liquidation preference of $25. The proceeds are planned for general corporate purposes, repurchasing common stock, and debt repayment. BTIG, LLC serves as the lead manager for the offering.
Green Brick Partners, Inc. (NYSE: GRBK) announced the locking of a 3.25% fixed interest rate on $100 million of senior unsecured notes due in 2029. This oversubscribed issuance is part of a trend following previous notes totaling $237.5 million issued in recent years. The funds will primarily be used to repay existing revolving credit and for general corporate purposes. Additionally, the Company expanded its line of credit by $130 million, now totaling $300 million, with commitments extended until December 2024. This reflects confidence in the Company’s growth potential and financial strength.
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