Genesis Land Development Corp. (T:GDC)
Business Focus: Real Estate Rental, Development & Operations (NEC)
| Sector: Real Estate | Industry: Real Estate Rental, Development & Operations |
| Company Contact | |
| Address: | 6240, 333-96 Ave NE CALGARY AB T3K 0S3 |
| Tel: | N/A |
| Website: | https://www.genesisland.com |
| IR: | See website |
| Key People | ||
| Stephen J. Griggs Chairman of the Board | Iain Stewart President, Chief Executive Officer, Director | Wayne King Chief Financial Officer |
| Parveshindera S. Sidhu President of Genesis Builders Group Inc, Vice-President - Home Building | Arnold Leslie Stefaniuk Vice President - Regional Planning | Brian Whitwell Vice-President - Asset Management |
| Business Overview |
| Genesis Land Development Corp. is a Canada-based integrated land developer and residential home builder. The Corporation is engaged in the acquisition, development and sale of land, residential lots and homes in the greater Calgary area. It operates through two segments: land development and home building. As a land developer, Genesis acquires, plans, rezones, subdivides, services and sells residential lots and commercial and industrial lands to third party developers and builders, and sells lots and completed homes through a wholly owned subsidiary, Genesis Builders Group Inc. (GBG), its home building division. The land portfolio is planned, developed, serviced and sold as single-family lots and townhouses, multi-family and commercial parcels. It designs, builds and sells homes on a significant portion of its single-family lots and townhouse land parcels. It also acquires single-family lots from other land developers to build and sell single-family homes in additional CMA communities. |
| Financial Overview |
| For the fiscal year ended 31 December 2023, Genesis Land Development Corp revenues increased 45% to C$203.3M. Net income increased from C$4.5M to C$14.5M. Revenues reflect Home Building segment increase of 66% to C$167.1M, Land Development segment increase of 10% to C$62.1M. Net income benefited from Finance income increase from C$512K to C$1.5M (income), Gain in investments in land development increase of 98% to C$1.1M (income). |
| Employees: | 93 as of Dec 31, 2023 |
| Reporting Currency: | Canadian Dollars |
| Enterprise value: | $237.05M as of Dec 31, 2023 |
| Annual revenue (TTM): | $203.31M as of Dec 31, 2023 |
| EBITDA (TTM): | $19.25M as of Dec 31, 2023 |
| Net annual income (TTM): | $14.51M as of Dec 31, 2023 |
| Free cash flow (TTM): | -$13.29M as of Dec 31, 2023 |
| Net Debt Last Fiscal Year: | $66.75M as of Dec 31, 2023 |
| Shares outstanding: | 56,785,508 as of Mar 18, 2024 |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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