RE:RE:More Realistic Numbers If we look at the master development plan GRB is developing between 1,481,240 - 1,762,050 square feet of living space.
At $130 per square foot of construction cost we are between $192,561,000 - $229,066,000 in building cost.
If we add $100 per square foot for land then the profit would be between $148,124,000 - $176,000,000.
Since GRB owns 50% that amounts between $76,062,000 - $88,102,500
I used $230 per square foot sale price for these figures.
If I use 15% for construction mark up to the sales price the profit jumps between $87,471,000 - $101,686,000
There is going to be other costs like parks, clubhouse, flower area ect that is outside of the actual home construction costs that will eat up some of that profit. Since captiva is actually building it (correct me if I'm wrong) then it's possible they will get 100% of the construction mark up profits. If that's the case it's possible that captiva will eat the costs of anything related to the project but not actually housing construction.
If that's the case the first number $76,062,000 - $88,102,500 ($100 per square foot in land) seems like a decent estimate.
6 year build would give between $12,677,000 - $14,683,00 per year in cash flow. USD.
Current market cap is 38.56M USD
No idea what that does to the share price.
Other positive factors that could be accretive would be the real estate company aquistion which would see revenue outside of GRB now fall into GRB. I don't know how much actual cash flow would filter down to shareholders but it certainly 3300+ GRB spokesmen is a good thing.