Genesis Land Development Corp. (T:GDC*CA)

Business Focus: N/A

Sector:  N/A Industry:  N/A
 
See Regulatory Filings on SEDAR
Company Contact
Address: 7315 8 St NE
CALGARY AB T2E 8A2
Tel: N/A
Website: https://www.genesisland.com
IR: See website
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Key People
Stephen J. Griggs
Executive Chairman of the Board
Iain Stewart
President, Chief Executive Officer, Director
Wayne King
Chief Financial Officer
Parveshindera S. Sidhu
President, Genesis Builders group Inc and Vice-President, Home Building
Arnold Leslie Stefaniuk
Vice-President - Land Development
Brian Whitwell
Vice-President - Asset Management
Business Overview
Genesis Land Development Corp. (Genesis) is a Canada-based company engaged in the acquisition, development, and sale of land, residential lots and homes primarily in the greater Calgary area. The Company owns a portfolio of entitled residential and mixed-use land. The Company operates through two segments: land development and home building. Land development involves the acquisition of land held for future development, and the planning, servicing and marketing of residential, commercial, industrial and urban communities. Home building includes the acquisition of lots, and the construction and sale of single and multi-family homes. Its residential properties include Airdrie, which consists of the communities of Bayside, Bayview and Canals; Calgary NW, which consists of the community of Sage Meadows; Calgary NE, which consists of the community of Saddlestone, and Calgary SE, which consists of southeast land. Its Mixed-use properties consist of North Conrich and Sage Hill Crossing.
Financial Overview
For the nine months ended 30 September 2020, GenesisLand Development Corp. revenues increased 100% to C$84.1M.Net income increased from C$17K to C$74K. Revenues reflectLand Development segment increase from C$16.8M to C$43.6M,Home Building segment increase of 60% to C$62.8M. Netincome benefited from General and administrative decreaseof 4% to C$7.4M (expense), Finance income increase of 6% toC$1.2M (income).
Employees: 56 as of Dec 31, 2019
Reporting Currency: Canadian Dollars
Enterprise value: $127.36M as of Sep 30, 2020
Annual revenue (TTM): $110.20M as of Sep 30, 2020
EBITDA (TTM): $14.99M as of Sep 30, 2020
Net annual income (TTM): $1.76M as of Sep 30, 2020
Free cash flow (TTM): $32.36M as of Sep 30, 2020
Net Debt Last Fiscal Year: $14.46M as of Sep 30, 2020
Shares outstanding: 41,929,335 as of Nov 27, 2020
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization

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