☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2024 or TABLE OF CONTENTS UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ___________________ ☐ 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 ...

PLANO, Texas, May 1, 2024 — Green Brick Partners, Inc. (NYSE: GRBK) ("we," "Green Brick" or the "Company") today reported record results for its first quarter ended March 31, 2024. "Green Brick kicked off 2024 with excellent first quarter results highlighted by diluted earnings per share of $1.82, a record for any first quarter and an increase of 32.8% year-over-year. I am extremely proud of our teams being able to deliver consistently outstanding performance and results. During the first quarter, we delive ...

Green Brick Partners has quickly become one of the biggest bets in David Einhorn's investing history.David Einhorn is known for his big bets. It's a strategy that helped make him a billionaire. One of his largest bets right now is Green Brick Partners (GRBK 1.07%). Einhorn's investment company owns more than 11 million shares, representing 29% of his total portfolio. Should you follow Einhorn into one of his biggest bets ever?1 reason Einhorn loves Green Brick stockGreen Brick has been part of Einhorn's por ...

Financial Data and Key Metrics Changes - The company reported record home closings revenue for 2023 of $1.77 billion, with a gross margin of 30.9% and diluted EPS of $6.14, marking significant year-over-year growth [6][25]. - Net income attributable to Green Brick for Q4 increased by 31.5% to $73 million, while diluted EPS rose by 33.9% to $1.58 [26]. - The company achieved a return on average equity of 24.9% and a net debt to total capital ratio of only 11.4% [9][29]. Business Line Data and Key Metrics Changes - Net new orders for the full year increased over 70% year-over-year to a record 3,356 homes sold, with Q4 net new orders up 61% to 679 homes [7][26]. - The company experienced a 13% year-over-year increase in homes delivered, with a total of 825 units closed in Q4 [18][24]. - The cancellation rate for Q4 remained low at 7.2%, the lowest among public homebuilding peers [27]. Market Data and Key Metrics Changes - The Dallas-Fort Worth (DFW) market, representing 71% of homebuilding revenues, continued to lead in job growth, with almost 140,000 new non-farm payroll jobs added in the past year [10][11]. - Sales of existing homes dropped 19% year-over-year, indicating a lack of supply in the market, which benefits new home builders like Green Brick [12][13]. - Over 80% of the company's revenues in 2023 were generated in infill submarkets, where competition is limited [13]. Company Strategy and Development Direction - The company plans to invest approximately $700 million in land acquisitions and development in 2024, up from $425 million in 2023 [39][99]. - Green Brick aims to expand its Trophy Signature Homes brand into new markets, including Austin and Houston, leveraging its strategic land positions and development expertise [15][17]. - The company emphasizes its ability to self-develop in markets where land developers are scarce, which enhances its competitive advantage [14][20]. Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the resilience of consumer demand for new homes, driven by demographic trends and a lack of existing home supply [9][12]. - The company anticipates continued strong performance in 2024, supported by a solid backlog and favorable market conditions [40][42]. - Management highlighted the importance of maintaining financial discipline and a strong balance sheet to capitalize on growth opportunities [29][30]. Other Important Information - The company resumed stock buybacks, repurchasing approximately 1.18 million shares for a total of $45.3 million in 2023 [41]. - Green Brick's builders have extensive local knowledge, enabling them to navigate complex entitlement and regulatory processes effectively [14][20]. Q&A Session Summary Question: Sales activity in early 2024 - Management noted that early 2024 sales activity is strong, similar to previous years, with the spring market historically being the biggest quarter for new orders [46][48]. Question: Land price inflation - Management acknowledged that land price inflation is present due to competition for desirable sites, but emphasized their strategic advantages in land acquisition [51][53]. Question: Trends in sales incentives - Management indicated that incentives have decreased from Q4 levels, with a stable demand across various price points [64][66]. Question: Backlog conversion and delivery expectations - Management stated that backlog conversion is not the best indicator for run rate; instead, they focus on starts and pacing, expecting to stabilize around 900 starts per quarter [80][81]. Question: Future margin sustainability - Management expressed optimism about maintaining high margins, citing a strong lot position and effective underwriting practices [89].

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 ...