Genesis Land Development Corp. (T:GDC)
Business Focus: Real Estate Rental, Development & Operations (NEC)
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Insider Filings
Latest 10 SEDI filings for GDC within the last 6 months
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Company News
Mar 06, 2024 18:03 ET
Genesis Reports Fourth Quarter and 2023 Results
CALGARY, AB, March 6, 2024 /CNW/ - Genesis Land Development Corp. (TSX: GDC) (the "Corporation" or "Genesis") reported its financial and operating results for the three months ("Q4") and year end December 31, 2023 ("YE"). 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").
Dec 13, 2023 16:30 ET
Genesis Land Development Corp. Announces Renewal of Normal Course Issuer Bid
CALGARY, AB, Dec. 13, 2023 /CNW/ - Genesis Land Development Corp. (the "Company" or "Genesis") (TSX: GDC) is pleased to announce that the Toronto Stock Exchange (TSX) has accepted a notice filed by Genesis to renew its Normal Course Issuer Bid ("Bid") for a one year period. The Bid will commence on December 18, 2023 and will terminate on the earlier of: (i) December 17, 2024; and (ii) the date on which the maximum number of Genesis common shares ("Common Shares") that may be purchased pursuant to the Bid have been purchased. Purchases of Common Shares under the Bid will be effected through
Valuation Ratios
Industry
Sector
Beta
1.02
--
--
Price to Sales - TTM
0.83
4.06
3.21
Price to Book - most recent quarter
0.72
0.98
1.14
Price to Cash Flow per share - TTM
--
7.74
10.25
Price to Free Cash Flow per share - TTM
--
15.70
21.09
Short Report
| Date | Number of Shares Shorted | Net Change |
|---|---|---|
| Mar 31, 2024 | 15,598 | -2,791 |
| Mar 15, 2024 | 18,389 | -2,466 |
| Feb 29, 2024 | 20,855 | -19,548 |
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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