Green Brick Partners Q1 revenue falls 5.9% on higher mortgage rates

Green Brick Partners

29/04/2026 21:21

Overview

U.S. homebuilder's Q1 revenue fell yr/yr but beat analyst expectations

Company repurchased 114,000 shares for $7.2 mln and began Houston sales

Outlook

Company expects to expand Green Brick Mortgage into Atlanta market in latter half of 2026

Company says new home market remains challenging due to higher mortgage rates and consumer confidence

Company says strong liquidity and low leverage provide flexibility to navigate current environment

Result Drivers

MARKET HEADWINDS - Co said higher mortgage rates and challenged consumer confidence weighed on the new home market

INCENTIVE MANAGEMENT - Co attributed maintained sales pace to disciplined approach to managing incentives and pricing

FINANCIAL SERVICES GROWTH - Co said expansion of Green Brick Mortgage contributed to results

Company press release: ID:nBwbgHxHba

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Revenue
Beat
$455.99 mln
$423.51 mln (3 Analysts)
Q1 EPS
$1.39
Q1 Net Income
$60.95 mln
Q1 Homebuilding Gross Margin
28.90%
Q1 Gross Profit
$131.72 mln
Q1 Pretax Profit
$84.26 mln


Analyst Coverage

The current average analyst rating on the shares is "hold" and the breakdown of recommendations is no "strong buy" or "buy", 4 "hold" and no "sell" or "strong sell"

Wall Street's median 12-month price target for Green Brick Partners Inc is $70.00, about 0.4% below its April 28 closing price of $70.28

The stock recently traded at 11 times the next 12-month earnings vs. a P/E of 10 three months ago

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)