Earnings release
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GREEN BRICK PARTNERS Exhibit 99 GREEN BRICK PARTNERS , INC . REPORTS RECORD SECOND QUARTER 2021 RESULTS RECORD TOTAL REVENUES OF $ 373.8 MILLION , UP 60.5 % RECORD INCOME BEFORE INCOME TAXES OF $ 74.0 MILLION , UP 104.4 % BACKLOG OF $ 974.3 MILLION , UP 118.2 % HOME BUILDING GROSS MARGIN UP 360 BPS RECORD LOTS OWNED AND CONTROLLED UP 132.7 % PLANO , Texas , August 3 , 2021 — Green Brick Partners , Inc. ( Nasdaq : GRBK ) ( “ we , ” “ Green Brick ” or the “ Company ” ) today reported record results for its second quarter ended June 30 , 2021 . " With our all - time record results achieved this quarter , Green Brick's annualized Q2 2021 return on equity hit a new high at 30.2 % . Thanks to a great team effort , we provided our investors some of the best returns in the industry . Even better , we expect these returns to accelerate , " said Jim Brickman , CEO and Co - Founder . " Our total revenues were $ 1.1 billion on a trailing twelve months basis . From Q1 to Q2 , we increased home building revenues by 54 % and our EPS doubled . We continue to be confident that our revenues and earnings will continue to grow sequentially each quarter this year . ” “ Our core focus on land development and our dominant presence and reputation in our markets has resulted in a 133 % increase in our lots owned and controlled from a year prior . Our superior capacity to source new land has allowed us to grow our units under construction an astounding 95 % as compared to June 30 , 2020 and provides a ready supply of new housing to meet current demand . " Results for the Quarter Ended June 30 , 2021 : For the quarter ended June 30 , 2021 , our net new home deliveries , residential units revenue , and net income per share reflect a record for any quarter since the Company's inception . Homes under construction and lots owned and controlled also represent a Company record as of the end of any quarter . ( Dollars in thousands , except per share data ) New homes delivered Total revenues Total cost of revenues Three Months Ended June 30 , 2021 2020 757 553 Increase 36.9 % $ 373,806 272,830 $ 232,833 60.5 % 178,938 52.5 % Total gross profit Income before income taxes Net income attributable to Green Brick Partners , Inc. Diluted net income attributable to Green Brick Partners , Inc. per share SSS || A | $ 100,976 $ 53,895 87.4 % $ 73,977 $ 36,185 104.4 % $ 52,263 $ 33,647 55.3 % $ 1.02 $ 0.66 54.5 % Residential units revenue $ 333,500 $ 228,667 45.8 % Homebuilding gross margin percentage 26.8 % 23.2 % 360 bps Backlog 974,349 $ 446,573 118.2 % Lots owned and controlled Homes under construction 21,351 2,486 9,176 132.7 % 1,273 95.3 % Net income attributable to Green Brick Partners , Inc. as a percentage of the average total Green Brick Partners , Inc. stockholders ' equity 30.2 % 24.1 % 610 bps 1