Green Brick Partners — Oct 30, 2024 release

Our year-to-date homebuilding gross margin of 33.6% is up 290 bps and reflects a record for any year in our history through the third quarter. With the ability to self-develop our lots, we expect finished lot costs as a percentage of home closings revenue to remain essentially flat for 2024 and 2025.” “Green Brick’s distinctive business model and strategy have yielded impressive results over the past decade. This has translated into exceptional returns for our stockholders, even while carrying land and lots on our balance sheet. Our year-to-date return on equity is 27.0%. This success is underpinned by our conservative balance sheet and financial discipline,” concluded Mr. Brickman. “At the end of the third quarter, our net debt to total capital ratio was 12.5% and our total debt to total capital ratio was only 16.4% with a weighted average pay rate of 3.4%. As we look ahead to the next decade, we remain committed to investing in our business and people to strengthen our platform and propel our growth.” Results for the Quarter Ended September 30, 2024: (Dollars in thousands, except per share data) Three Months Ended September 30, 2024 2023 Change New homes delivered 956  754  26.8  % Total revenues $ 523,660  $ 418,978  25.0  % Total cost of revenues 352,097  279,965  25.8  % Total gross profit $ 171,563  $ 139,013  23.4  % 1 Income before income taxes $ 118,976  $ 98,086  21.3  % Net income attributable to Green Brick Partners, Inc. $ 89,111  $ 72,156  23.5