Welcome to our dedicated page for Pure Cycle news (Ticker: PCYO), a resource for investors and traders seeking the latest updates and insights on Pure Cycle stock.
Pure Cycle Corporation (NASDAQ: PCYO) is a utilities company active in water and wastewater services, land development, and single-family rentals centered on its Sky Ranch master planned community. The PCYO news feed on Stock Titan aggregates the company’s press releases and third-party coverage so readers can follow its operational and financial updates in one place.
News about Pure Cycle frequently highlights progress at Sky Ranch, including the status of multiple development phases and subphases, lot deliveries to national homebuilder partners, and expansion of its single-family rental portfolio. Earnings releases detail revenue and net income by segment, water and wastewater tap sales, and oil and gas royalty income from mineral interests at Sky Ranch.
Investors and analysts tracking PCYO can use this page to monitor quarterly and annual financial results, earnings presentation announcements, and investor events such as conference appearances and Investor Day presentations. Governance developments, such as changes to the Board of Directors or the formation of board committees, are also announced through company news and associated Form 8-K filings.
Because Pure Cycle’s business spans regulated water and wastewater services, real estate development, and rental housing, its news flow covers topics ranging from utility operations to land development milestones and rental housing expansion. Bookmark this page to follow new press releases, segment performance discussions, and other updates that shape the investment narrative for Pure Cycle Corporation.
Pure Cycle Corporation (PCYO) reported strong financial results for the second quarter ended February 28, 2021, with revenues of $4.7 million, a 35% increase year-over-year. The company achieved a net income of $17.4 million, driven by successful land development at Sky Ranch, where 76% of lots have purchased water taps, totaling $11.5 million in fees. The initial development phase is nearly sold out, with the second phase underway. Pure Cycle announced the launch of a build-to-rent segment, aiming to enhance recurring revenues.
Pure Cycle Corporation (NASDAQ:PCYO) will release its financial results for the three and six months ended February 28, 2021, on April 13, 2021. A conference call is scheduled for the same day at 4:30 PM Eastern to discuss these results and address questions from analysts and investors. Participants can access the call via the provided numbers, and a detailed slide presentation will be available on the company’s website. Pure Cycle focuses on wholesale water and wastewater services and land development for master-planned communities.
Pure Cycle Corporation (NASDAQ:PCYO) announced that its President and CEO, Mark W. Harding, will present at the 2021 Lytham Partners Investor Conference on March 30-31, 2021. The presentation will include a 30-minute overview of the company, followed by smaller group breakouts. The presentation materials will be accessible on Pure Cycle's website after the conference. As a leader in water and wastewater services, Pure Cycle is committed to innovative land and resource development.
Pure Cycle Corporation (NASDAQ: PCYO) is entering the Build-to-Rent (BTR) market with initial homes at the Sky Ranch Master Planned Community. The company aims to leverage its land and water assets to boost shareholder returns, predicting $33,000 in annual rental revenue per home. Their construction of three detached homes is underway, expected to be available by fall 2021. Phase two of Sky Ranch development could see over 100 homes built, with construction financed through favorable capital rates. This expansion is anticipated to enhance balance sheets and earnings per share.
Pure Cycle Corporation (NASDAQ:PCYO) will have its President and CEO, Mark W. Harding, present at the Sidoti & Company Virtual Investor Conference on March 24-25, 2021. Harding's presentation will include a comprehensive overview of the company, followed by interactive breakout sessions with smaller groups. This event aims to connect over 100 presenters with 650 investor groups, facilitating valuable interactions. Presentation materials will be accessible on the Pure Cycle website after the conference.
Pure Cycle Corporation (NASDAQ:PCYO) has announced the approval of Sky Ranch Academy, a new charter school in the Sky Ranch Master Planned Community. In collaboration with the Bennett School District, this K-12 school aims to enhance educational opportunities within the area. The school will be operated by National Heritage Academy, benefiting from over 25 years of educational experience. Sky Ranch is part of a rapidly growing community, set to include 900 new homes and substantial commercial spaces. Pure Cycle emphasizes the importance of high-quality education in fostering community success.
Pure Cycle Corporation (NASDAQ:PCYO) has entered a new agreement with Lennar Homes to develop 218 detached homes and townhomes in the second phase of the Sky Ranch project. This follows the termination of the previous contract with Meritage Homes, who will not participate in this phase. The construction schedule remains unchanged, with all necessary permits acquired. Pure Cycle is excited to include Lennar, one of the top builders in the nation. Additionally, the company announced its official Twitter account to enhance public information dissemination.
Pure Cycle Corporation (NASDAQ:PCYO) held its annual shareholders' meeting on January 13, 2021, where new directors Frederick Fendel and Daniel Kozlowski were elected to fill vacancies left by retiring board members Harry Augur and Richard Guido. Fendel brings 18 years of water law experience, while Kozlowski has extensive finance and investment management expertise. Approximately 90.65% of entitled shareholders voted, ratifying the auditor for fiscal 2021 and passing an advisory vote on executive compensation. CEO Mark Harding expressed optimism about continued growth and development projects.
Pure Cycle reported a net income of $0.8 million on revenues of $4.9 million for Q1 2021. The company completed its initial development phase at Sky Ranch ahead of schedule, with 66% of lots purchased for a total of $9.9 million in tap fees. The next phase, featuring 895 lots, is set to break ground in January 2021, expected to increase lot prices by 30%. Despite a drop in lot sale revenue, efficiencies in operational expenses allowed them to remain profitable. Investments in water rights reached $55.2 million as of November 30, 2020, supporting future growth.
Pure Cycle Corporation (NASDAQ:PCYO) is set to release its financial results for the three months ending November 30, 2020, on January 5, 2021. A conference call will be hosted on the same day at 4 PM Eastern to discuss these results. Participants can access the call at 877-407-8033 for domestic and 201-689-8033 for international callers. A detailed slide presentation summarizing the financial results will be available on their website. Pure Cycle is a land and water resource development company, focusing on wholesale water and wastewater services.