Genesis Land Development Corp T.GDC

Alternate Symbol(s): GNLAF

Consumer Cyclical Advertising Agencies

Genesis Land Development Corp. is a Canada-based integrated land developer and residential home builder. The Corporation is engaged in the acquisition, development and sale of land, residential lots and homes in the greater Calgary area. It operates through two segments: land development and home building. As a land developer, Genesis acquires, plans, rezones, subdivides, services and sells residential lots and commercial and industrial lands to third party developers and builders, and sells lots and completed homes through a wholly owned subsidiary, Genesis Builders Group Inc. (GBG), its home building division. The land portfolio is planned, developed, serviced and sold as single-family lots and townhouses, multi-family and commercial parcels. It designs, builds and sells homes on a significant portion of its single-family lots and townhouse land parcels. It also acquires single-family lots from other land developers to build and sell single-family homes in additional CMA communities.

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Genesis Land Development Corp

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Post by RetiredYYCon Nov 05, 2024 9:54pm

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Post# 36298014

Great Q3 Results

Looks like lot sales in Logan Landing have an attractive profit margin. Now it appears that in addition to strong home building margings, both Bayview/Bayside and Logan Landing will provide strong land development margins.

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