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Green Brick Partners, Inc. 8-K Report: Preferred Stock Insights & Financial Update

$GRBK
Form 8-K
Filed on: 2024-12-18
Source
Green Brick Partners, Inc. 8-K Report: Preferred Stock Insights & Financial Update

Based on the provided section of the financial report, here are the key pieces of information and insights:

  1. Company Information:
  • Name: Green Brick Partners, Inc.
  • CIK Number: 0001373670
  • SEC Filing Type: 8-K
  • Date of Report: December 13, 2024
  • Location: 5501 Headquarters Drive, Ste 300W, Plano, TX 75024
  • Contact Number: (469) 573-6755
  • IRS Employer Identification Number (EIN): 20-5952523
  1. Stock Information:
  • Common Stock:
    • Par Value: $0.01 per share
    • Ticker Symbol: GRBK (listed on NYSE)
  • Preferred Stock:
    • Type: 5.75% Series A Cumulative Perpetual Preferred Stock
    • Par Value: $0.01 per share
    • Ticker Symbol: GRBK PRA (listed on NYSE)
    • Each depositary share represents a 1/1000th interest in a share of the preferred stock.
  1. Financial Reporting Context:
  • The report provides information relating to different classes of stock, specifically common stock and preferred stock.
  • The report is structured using XBRL (eXtensible Business Reporting Language), indicating it is part of a regulatory filing to the SEC.
  1. Reporting Period:
  • The reporting period for the information is December 13, 2024, indicating it may relate to a specific event or a snapshot of financial standing on that date.
  1. Document Structure:
  • The XBRL format suggests that the filing is prepared for electronic submission to the SEC, facilitating analysis and processing of financial data.

Insights:

  • The filing is a significant event as it is an 8-K report that typically indicates a major event or change in a company’s financial condition or operations.
  • The company’s preferred stock offering at a yield of 5.75% may attract income-focused investors, indicating a potential strategy to raise capital through debt-like instruments while providing returns to investors.
  • The details about common and preferred stock suggest that Green Brick Partners is diversifying its financing options, which could be a strategic move to enhance liquidity or fund growth initiatives.
  • The use of XBRL indicates that the company is aligned with current reporting standards and practices, reflecting transparency and regulatory compliance.

This analysis provides a foundational understanding of the company's recent financial reporting activities and capital structure.