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Although the revenue and EPS for Green Brick Partners (GRBK) give a sense of how its business performed in the quarter ended December 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
Green Brick Partners (GRBK) came out with quarterly earnings of $2.31 per share, beating the Zacks Consensus Estimate of $2.24 per share. This compares to earnings of $1.58 per share a year ago.
PLANO, Texas--(BUSINESS WIRE)--Green Brick Partners, Inc. (NYSE: GRBK) (the “Company” or “Green Brick”), the third largest homebuilder in Dallas-Fort Worth, and one of Fortune Magazine's fastest growing companies in 2023 and its fastest growing public homebuilder, announced that it will release its financial results for the fourth quarter ended December 31st, 2024, after the market closes on February 26th, 2025. Jim Brickman, Green Brick's CEO, will host an earnings conference call to discuss i.
LOWRY CROSSING, Texas--(BUSINESS WIRE)--Trophy Signature Homes, a subsidiary of Green Brick Partners, Inc. (NYSE: GRBK), is proud to unveil Lowry Trails, a vibrant new community in Lowry Crossing that is anticipated to open in July 2025. With 435 thoughtfully planned homesites, Lowry Trails will deliver high-quality, value-added home plans and a welcoming environment designed to enhance the lifestyle of its residents. Trophy Signature Homes will be introducing its Tree Series of home plans, whi.
Green Brick Partners excels with a traditional homebuilding model, self-developing land, and maintaining industry-leading margins and low leverage, unlike peers using the land-light model. The company benefits from strategic locations in high-growth markets like Texas, Georgia, and Florida, and is well-positioned to capitalize on long-term demographic shifts. Strong financials include a low debt-to-capital ratio, robust liquidity, and significant cash reserves, providing flexibility and stability in a cyclical industry.
Green Brick Partners has a unique, diversified business model that should thrive amid favorable industry headwinds. Following a 33% stock decline after its Q3 results and the election, the current share price offers a favorable entry point. While GRBK does not offer a dividend, the recent focus on share buybacks adds another 2.6% in shareholder yield.
Howard Hughes, Green Brick Partners and LGI Homes have been highlighted in this Industry Outlook article.
Despite industry woes, healthy demand for certain real estate categories and limited supply bodes well for Real Estate Development industry players like HHH, GRBK and LGIH.
The company's gross profit margin was 32.7% while its closest competitor reached a value of 28.8%. Revenues for the quarter amounted to $523 million, which represents an increase of 25.7% YoY. By the end of 2024, the company has a total of 31,425 lots compared to 6,420 in 2019.
PLANO, Texas--(BUSINESS WIRE)--Green Brick Partners, Inc. (NYSE: GRBK) (“Green Brick” or the “Company”), the third largest homebuilder in Dallas-Fort Worth, and one of Fortune Magazine's fastest growing companies in 2023 and its fastest growing public homebuilder, today announced that Elizabeth K. Blake has been appointed as lead independent director. Ms. Blake has served as an independent director on the Company's Board since 2014 and serves on the Board's Governance and Sustainability Committ.