Genesis Land Development Corp. (T:GDC)
Business Focus: Real Estate Rental, Development & Operations (NEC)
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Latest 10 SEDI filings for GDC within the last 6 months
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Company News
Nov 08, 2023 17:10 ET
Genesis Reports 2023 Third Quarter Results and Declares a Special Dividend of $0.085
CALGARY, AB, Nov. 8, 2023 /CNW/ - Genesis Land Development Corp. (TSX: GDC) (the "Corporation" or "Genesis") reported its financial and operating results for the three months ("Q3") and nine months ended September 30, 2023 ("YTD"). Genesis is an integrated land developer and residential home builder with a strategy to grow its portfolio of well-located, entitled and unentitled primarily residential lands and serviced lots throughout the Calgary Metropolitan Area ("CMA").
Sep 26, 2023 14:04 ET
Smoothwater Acquires Additional Shares of Genesis
TORONTO, Sept. 26, 2023 /CNW/ - Smoothwater Capital Corporation ("Smoothwater"), the largest shareholder of Genesis Land Development Corp. (TSX: GDC) ("Genesis"), announces that on September 25, 2023 it acquired an aggregate of 600,900 common shares of Genesis (the "Common Shares") at a price of $2.19 per Common Share on the market for total consideration of $1,315,971 (the "Purchase"), representing approximately 1.06% of the outstanding Common Shares as at July 27, 2023 (the "Outstanding Shares"). Smoothwater made the Purchase in accordance with the "normal course purchase" exemption contai
Valuation Ratios
Industry
Sector
Beta
0.93
--
--
Price to Sales - TTM
0.68
3.59
3.15
Price to Book - most recent quarter
0.56
0.94
1.00
Price to Cash Flow per share - TTM
--
9.05
10.70
Price to Free Cash Flow per share - TTM
--
16.32
20.37
Short Report
| Date | Number of Shares Shorted | Net Change |
|---|---|---|
| Nov 15, 2023 | 19,258 | -243 |
| Oct 31, 2023 | 19,501 | 763 |
| Oct 15, 2023 | 18,738 | -603,114 |
Business Summary
| Sector: Real Estate | Industry: Real Estate Rental, Development & Operations |
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.
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