E 2023 Fourth Quarter This presentation contains "forward-looking statements" within the meaning of the Private Securities Litigation Act of 1995. These statements concern expectations, beliefs, projections, plans and strategies, anticipated events or trends and similar expressions concerning matters that are not historical facts and typically include the words "anticipate," "believe," "consider," "estimate," "expect," "feel," "intend," "plan," "predict," "seek," "strategy," "target," "will" or other words ...

TABLE OF CONTENTS UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2023 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from — to — Commission file number: 001-33530 Green Brick Partners, Inc. (Exact name of registrant as specified in its charter) Delaware 20-5952523 (State or oth ...

Exhibit 99 GREEN BRICK PARTNERS, INC. REPORTS FOURTH QUARTER AND FULL YEAR 2023 RESULTS EXPANSION INTO HOUSTON, TEXAS Q4 HOMEBUILDING GROSS MARGIN OF 31.4%, UP 520 BPS YOY Q4 DILUTED EPS OF $1.58, UP 33.9% YOY RECORD HIGH FULL YEAR DILUTED EPS OF $6.14 NET NEW HOME ORDERS UP 60.5% FOR THE QUARTER AND 70.1% YOY DEBT TO TOTAL CAPITAL OF 21.1%; NET DEBT TO TOTAL CAPITAL OF 11.4% "Dallas-Fort Worth and Atlanta, our two primary markets, continue to rank very high among in-migration destination cities and are amo ...

PLANO, Texas, Feb. 22, 2024 (GLOBE NEWSWIRE) -- Green Brick Partners, Inc. ("Green Brick"), the third largest homebuilder in Dallas-Fort Worth, and Hersh Family Investments ("HFI") are excited to announce Rainwater Crossing, a new residential project in Celina, Texas, one of the fastest growing areas of the Dallas-Fort Worth metroplex. This will be the sixth community in Celina in which Green Brick has been involved. Spanning over 550 acres, the development will feature more than 1,900 homesites and an impr ...

Green Brick Partners (GRBK) is expected to deliver a year-over-year increase in earnings on higher revenues when it reports results for the quarter ended December 2023. This widely-known consensus outlook gives a good sense of the company's earnings picture, but how the actual results compare to these estimates is a powerful factor that could impact its near-term stock price.The earnings report, which is expected to be released on February 29, 2024, might help the stock move higher if these key numbers are ...

PLANO, Texas, Feb. 13, 2024 (GLOBE NEWSWIRE) -- U.S. Marine Corps Corporal Neftali "Nef" Mendoza and his family received the keys to their newly completed and personalized home in Celina, Texas during a special dedication event on Monday, January 29. Operation Finally Home along with Normandy Homes, one of Green Brick Partners, Inc.'s (NYSE:GRBK) subsidiary homebuilder brands, partnered to provide the home for the Mendoza family. The Mendoza family was escorted to their new home by the Celina Fire and Polic ...

PLANO, Texas, Feb. 08, 2024 (GLOBE NEWSWIRE) -- 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 2022 and its fastest growing public homebuilder, announced that it will release its financial results for the fourth quarter ended December 31st, 2023, after the market closes on Thursday, February 29th, 2024. Jim Brickman, Green Brick's CEO, will host an earnings conference call ...

Steve Symington is a long-time contributor to The Motley Fool. Over the years, he’s written more than 8,000 articles for the publication. A piece of Symington’s from July 2023 provides a hint or two on how to find the next household names and undiscovered stock gems. The headline says it all. 4 Lessons From My First 100-Bagger.For anyone unfamiliar with the term, it means you’ve generated a return 100 times your original investment. In Symington’s case, Nvidia (NASDAQ:NVDA) was his first 100-bagger as an ac ...

Editor's note: Seeking Alpha is proud to welcome Alem Capital as a new contributor. It's easy to become a Seeking Alpha contributor and earn money for your best investment ideas. Active contributors also get free access to SA Premium. Click here to find out more » skynesher Introduction On one hand, Green Brick Partners (NYSE:GRBK) stands out in the vast American real estate market as a company with promise and potential. Operating strategically in Colorado, Florida, Texas, and Georgia, GRBK has successfull ...

Financial Data and Key Metrics Changes - Net new orders increased 95% year-over-year to 788 homes in Q3, with year-to-date growth of 73% [4][55] - Homebuilding gross margins reached a record high of 33.3%, up 90 basis points from the previous record [13][38] - Net income for Q3 was $72 million, or $1.56 per diluted share, with a return on average book equity of 25.3% year-to-date [81] Business Line Data and Key Metrics Changes - Home closings revenue grew 5.3% to $416 million, driven by a 16% increase in home closing units to 754 homes delivered [54][81] - The average selling price (ASP) for homes declined by 9% to $551,000, influenced by a higher percentage of lower-priced Trophy Signature Homes [54][56] - The cancellation rate decreased to 6.1%, the second lowest in company history, reflecting strong demand and limited competition [40][57] Market Data and Key Metrics Changes - The company continues to lead public homebuilding peers in new order growth, with a backlog value increasing 10% year-over-year to $623 million [55][57] - Existing home inventory remains low, with many markets having three or fewer months of supply, contributing to demand for new homes [14][40] - The average FICO score for Q3 closings was 748, indicating strong buyer credit quality despite higher mortgage rates [24] Company Strategy and Development Direction - The company is focused on acquiring prime land opportunities and has closed several opportunistic land deals, including a notable acquisition in Austin [17][84] - The strategy includes managing capital efficiently and maintaining operational efficiencies to improve cycle times and market share [16][33] - The company aims to expand its market presence in supply-constrained infill and adjacent submarkets, leveraging its strong balance sheet and gross margins [18][84] Management's Comments on Operating Environment and Future Outlook - Management noted that despite higher mortgage rates, demand remains strong, particularly in infill locations, with an increase in cash deals [24][35] - The company is adapting to the current market by adjusting pricing and offering incentives to address affordability concerns [35][57] - Management expressed optimism about future opportunities due to capital constraints faced by smaller builders and developers [30][84] Other Important Information - The company holds over 26,200 lots owned and controlled, positioning it well for future growth [18] - The average pay rate for fixed-rate debt is 3.3%, with a debt-to-total-capital ratio of 21.8%, indicating a strong balance sheet [33] - The company is building more ENERGY STAR-certified homes to enhance eligibility for future tax credits [39] Q&A Session Summary Question: Insights on ASP for Trophy Signature Homes - Management indicated a dip in ASP from approximately $480,000 to $450,000 over the past two quarters [5][6] Question: Future ASP Trends for Trophy - Management suggested that the ASP could continue to trend lower, especially if consumer preferences shift towards smaller homes [6] Question: Performance of Higher-End Communities - Management reported continued strong demand in higher-end segments, with complex homes selling at a satisfactory pace [48] Question: Land Acquisition Opportunities - Management discussed capital availability as a key driver for land acquisition opportunities, noting favorable economics for cash transactions [30][31] Question: Average Consumer Statistics - The average FICO score was reported at 743, with down payments varying significantly by location [69][72] Question: Use of Incentives - Management confirmed that incentives averaged 4.4% of sales price, with variations based on community and market conditions [57][68]