Reported Earnings • May 14
First quarter 2026 earnings released: EPS: CA$0.01 (vs CA$0.11 in 1Q 2025) First quarter 2026 results: EPS: CA$0.01 (down from CA$0.11 in 1Q 2025). Revenue: CA$51.5m (down 12% from 1Q 2025). Net income: CA$819.0k (down 86% from 1Q 2025). Profit margin: 1.6% (down from 10% in 1Q 2025). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 44% per year but the company’s share price has only increased by 20% per year, which means it is significantly lagging earnings growth. Announcement • May 14
Genesis Land Development Corp. Declares A Special Cash Dividend, Payable on June 3, 2026 Genesis Land Development Corp. declared an unconditional special cash dividend of $0.12 per common share for a total of $6.8 million on May 13, 2026, payable on June 3, 2026 to shareholders of record on May 22, 2026. Announcement • Mar 10
Genesis Land Development Corp., Annual General Meeting, May 13, 2026 Genesis Land Development Corp., Annual General Meeting, May 13, 2026. Location: alberta, calgary Canada Reported Earnings • Mar 06
Full year 2025 earnings released: EPS: CA$0.69 (vs CA$0.70 in FY 2024) Full year 2025 results: EPS: CA$0.69 (down from CA$0.70 in FY 2024). Revenue: CA$381.2m (up 5.6% from FY 2024). Net income: CA$39.2m (flat on FY 2024). Profit margin: 10% (in line with FY 2024). Over the last 3 years on average, earnings per share has increased by 56% per year but the company’s share price has only increased by 20% per year, which means it is significantly lagging earnings growth. Announcement • Dec 19
Two undisclosed Alberta based home builders acquired 40% stake in Genesis Hazel Development Project from Genesis Land Development Corp. (TSX:GDC) for CAD 19.1 million. Two undisclosed Alberta based home builders acquired 40% stake in Genesis Hazel Development Project from Genesis Land Development Corp. (TSX:GDC) for CAD 19.1 million on December 17, 2025. In addition to a pro rata participation in the profits and losses of the Genesis Hazel Development Project, each purchaser, together with Genesis Builders Group Inc., will have preferential access to residential building lots in Hazel.
Two undisclosed Alberta based home builders completed the acquisition of 40% stake in Genesis Hazel Development Project from Genesis Land Development Corp. (TSX:GDC) for CAD 19.1 million on December 17, 2025. Announcement • Dec 18
Genesis Land Development Corp. (TSX:GDC) announces an Equity Buyback for 2,832,283 shares, representing 5% for CAD 10.62 million. Genesis Land Development Corp. (TSX:GDC) announces a share repurchase program. Under the normal course issuer bid, the company will repurchase up to 2,832,283 shares, representing 5% of its issued and outstanding common shares, for CAD 10.6 million. The purchase price of the Common Shares is restricted to a maximum of CAD 3.75 per Common Share. The repurchased shares under the bid will be cancelled. The bid will expire on December 17, 2026, or earlier of the date on which the maximum number of common shares are purchased pursuant to the bid. As of December 4, 2025, 56,645,661 Common Shares were issued and outstanding. Upcoming Dividend • Nov 11
Upcoming dividend of CA$0.11 per share Eligible shareholders must have bought the stock before 18 November 2025. Payment date: 28 November 2025. Trailing yield: 5.9%. Within top quartile of Canadian dividend payers (5.9%). Higher than average of industry peers (0.7%). Announcement • Nov 07
Genesis Land Development Corp. announces special dividend, payable on November 28, 2025 Genesis Land Development Corp. announced special dividend of CAD 0.1100 per share payable on November 28, 2025, ex-date on November 18, 2025 and record date on November 18, 2025. Reported Earnings • Nov 07
Third quarter 2025 earnings released: EPS: CA$0.16 (vs CA$0.21 in 3Q 2024) Third quarter 2025 results: EPS: CA$0.16 (down from CA$0.21 in 3Q 2024). Revenue: CA$116.9m (up 26% from 3Q 2024). Net income: CA$8.59m (down 28% from 3Q 2024). Profit margin: 7.3% (down from 13% in 3Q 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 63% per year but the company’s share price has only increased by 19% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Sep 17
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to CA$3.54, the stock trades at a trailing P/E ratio of 5.4x. Average trailing P/E is 9x in the Real Estate industry in Canada. Total returns to shareholders of 93% over the past three years. Reported Earnings • Jul 31
Second quarter 2025 earnings released: EPS: CA$0.11 (vs CA$0.14 in 2Q 2024) Second quarter 2025 results: EPS: CA$0.11 (down from CA$0.14 in 2Q 2024). Revenue: CA$71.4m (down 25% from 2Q 2024). Net income: CA$6.69m (down 17% from 2Q 2024). Profit margin: 9.4% (up from 8.5% in 2Q 2024). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 70% per year but the company’s share price has only increased by 13% per year, which means it is significantly lagging earnings growth. Reported Earnings • May 08
First quarter 2025 earnings released: EPS: CA$0.11 (vs CA$0.12 in 1Q 2024) First quarter 2025 results: EPS: CA$0.11 (down from CA$0.12 in 1Q 2024). Revenue: CA$58.2m (down 15% from 1Q 2024). Net income: CA$6.03m (down 13% from 1Q 2024). Profit margin: 10% (in line with 1Q 2024). Over the last 3 years on average, earnings per share has increased by 69% per year but the company’s share price has only increased by 10% per year, which means it is significantly lagging earnings growth. Announcement • May 07
Genesis Land Development Corp. Declares Special Cash Dividend, Payable on 27 May 2025 Genesis Land Development Corp. declared special cash dividend of $0.105 per common share for a total of $5.9 million on May 6, 2025, payable on May 27, 2025 to shareholders of record on May 16, 2025. Reported Earnings • Mar 06
Full year 2024 earnings released: EPS: CA$0.70 (vs CA$0.26 in FY 2023) Full year 2024 results: EPS: CA$0.70 (up from CA$0.26 in FY 2023). Revenue: CA$361.1m (up 78% from FY 2023). Net income: CA$39.6m (up 173% from FY 2023). Profit margin: 11% (up from 7.1% in FY 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 59% per year but the company’s share price has only increased by 6% per year, which means it is significantly lagging earnings growth. Announcement • Mar 06
Genesis Land Development Corp., Annual General Meeting, May 06, 2025 Genesis Land Development Corp., Annual General Meeting, May 06, 2025. Location: logan landing boardroom at the genesis head office, 6240, 333 - 96 ave. ne, alberta, t3k 0s3, calgary Canada Announcement • Jan 31
Genesis Land Development Corp Announces Retirement of Wayne King as Senior Vice President, Information Systems & Special Projects, Effective January 31, 2025 Genesis Land Development Corp. announced the retirement of Wayne King, Senior Vice President, Information Systems & Special Projects, effective January 31, 2025. Announcement • Dec 16
Genesis Land Development Corp. (TSX:GDC) announces an Equity Buyback for 2,839,275 shares, representing 5% for CAD 10.6 million. Genesis Land Development Corp. (TSX:GDC) announces a share repurchase program. Under the normal course issuer bid, the company will repurchase up to 2,839,275 shares, representing 5% of its issued and outstanding common shares, for CAD 10.6 million. The purchase price of the Common Shares is restricted to a maximum of CAD 3.75 per Common Share. The repurchased shares under the bid will be cancelled. The bid will expire on December 17, 2025, or earlier of the date on which the maximum number of common shares are purchased pursuant to the bid. As of December 4, 2024, 56,785,508 Common Shares were issued and outstanding. Buy Or Sell Opportunity • Dec 03
Now 23% overvalued Over the last 90 days, the stock has fallen 7.9% to CA$3.59. The fair value is estimated to be CA$2.92, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 40% over the last 3 years. Earnings per share has grown by 49%. Upcoming Dividend • Nov 11
Upcoming dividend of CA$0.10 per share Eligible shareholders must have bought the stock before 18 November 2024. Payment date: 29 November 2024. Trailing yield: 4.3%. Lower than top quartile of Canadian dividend payers (6.1%). Higher than average of industry peers (0.9%). Reported Earnings • Nov 06
Third quarter 2024 earnings released: EPS: CA$0.22 (vs CA$0.039 in 3Q 2023) Third quarter 2024 results: EPS: CA$0.22 (up from CA$0.039 in 3Q 2023). Revenue: CA$93.1m (up 126% from 3Q 2023). Net income: CA$12.0m (up 445% from 3Q 2023). Profit margin: 13% (up from 5.4% in 3Q 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 50% per year but the company’s share price has only increased by 18% per year, which means it is significantly lagging earnings growth. Announcement • Nov 06
Genesis Land Development Corp. Declares a Special Dividend, Payable on November 29, 2024 Genesis Land Development Corp. declared an unconditional special cash dividend of $0.10 per common share for a total of $5.7 million on November 5, 2024, payable on November 29, 2024 to shareholders of record on November 18, 2024. Announcement • Oct 26
Genesis Land Development Corp. Appoints Travis Mcarthur, JD as Senior Vice President & General Counsel, Effective November 1, 2024 Genesis Land Development Corp. announced the appointment of Travis McArthur, JD as Senior Vice President & General Counsel effective November 1, 2024. Reporting to Iain Stewart, CEO, Mr. McArthur will join the company's executive leadership team responsible for all legal matters and play an important role in land acquisition, land development, financings, land sales and homebuilding operations. Mr. McArthur brings extensive legal and real estate expertise to Genesis. With over 12 years of private practice experience acting for developers, homebuilders, financial institutions, surety companies, and private lenders, he will be a great addition to the team. Announcement • Sep 10
Genesis Land Development Corp. Announces Executive Appointments Genesis Land Development Corp. announced the appointment and promotion of Parveshindera (PS) Sidhu as President &Chief Operating Officer ("COO"), Brian Whitwell as Chief Asset and Investment Officer ("CAIO"), Brendan McCashin as Senior Vice President, Land Development, Mike deBoer as Vice President, Homebuilding and Virat Reddy as Vice President, Finance &Technology. The appointments are effective September 10, 2024. Reporting to Iain Stewart, CEO, Mr. Sidhu will work closely with Mr. Whitwell, Mr. McCashin, Mr. deBoer, Mr. Reddy and other members of the Genesis team to continue to refine, improve and grow the operations of Genesis. Mr. Whitwell has been with Genesis since 2009 and in his role as Senior Vice President, Asset Management has led acquisition activities, asset financings, project partnerships and lot sales, and will continue to lead these activities going forward. Mr. Whitwell will report to Mr. Sidhu on operational matters and work closely with Mr. Stewart on financings, acquisitions and other growth activities. Mr. McCashin has had increasing responsibility in land development roles in Calgary since entering the industry in 2008. Mr. McCashin joined Genesis in 2021 and leads the Land Development team as Vice President, Land Development. Genesis' land development activity has grown from $21 million in 2019 to $68 million in 2023 and is expected to continue to grow. In addition to on-site development activities, Mr. McCashin is responsible for community visioning, budgets, and approvals including the development of Genesis' recently acquired 1,194 acres of development land in southeast Calgary. Mr. McCashin will report to Mr. Sidhu. Mr. deBoer has been with Genesis since 2015 and had increasing levels of responsibility within GBG. Most recently in his role as Director of Operations at GBG, Mr. deBoer has overseen the growth of GBG's design, construction and warranty teams and has implemented production-line processes with a strong focus on quality, safety, and timely home completions. Mr. deBoer will continue to report to Mr. Sidhu. Mr. Reddy, currently Corporate Controller, has been with Genesis since 2013. Amongst other responsibilities, he has been instrumental in improving financial reporting, managing the budgeting, forecasting and treasury functions and overseeing the development of the information technology team. Mr. Reddy will remain responsible for all these areas and will continue to report to Rob Sekhon, Chief Financial Officer. Reported Earnings • Aug 01
Second quarter 2024 earnings released: EPS: CA$0.14 (vs CA$0.072 in 2Q 2023) Second quarter 2024 results: EPS: CA$0.14 (up from CA$0.072 in 2Q 2023). Revenue: CA$95.0m (up 79% from 2Q 2023). Net income: CA$8.03m (up 96% from 2Q 2023). Profit margin: 8.5% (up from 7.7% in 2Q 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 32% per year but the company’s share price has only increased by 9% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • May 16
Upcoming dividend of CA$0.095 per share Eligible shareholders must have bought the stock before 23 May 2024. Payment date: 12 June 2024. Trailing yield: 5.0%. Lower than top quartile of Canadian dividend payers (6.3%). Higher than average of industry peers (1.1%). Reported Earnings • May 08
First quarter 2024 earnings released: EPS: CA$0.12 (vs CA$0.003 in 1Q 2023) First quarter 2024 results: EPS: CA$0.12 (up from CA$0.003 in 1Q 2023). Revenue: CA$68.3m (up 83% from 1Q 2023). Net income: CA$6.95m (up CA$6.79m from 1Q 2023). Profit margin: 10% (up from 0.4% in 1Q 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 13% per year whereas the company’s share price has increased by 9% per year. Announcement • May 08
Genesis Land Development Corp. Declares Special Dividend, Payable on June 12, 2024 Genesis Land Development Corp. declared an unconditional special cash dividend of $0.095 per common share for a total of $5.4 million on May 7, 2024, payable on June 12, 2024 to shareholders of record on May 24, 2024. Buy Or Sell Opportunity • Mar 08
Now 21% overvalued after recent price rise Over the last 90 days, the stock has risen 19% to CA$2.60. The fair value is estimated to be CA$2.15, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 27% over the last 3 years. Earnings per share has grown by 11%. Reported Earnings • Mar 07
Full year 2023 earnings released: EPS: CA$0.26 (vs CA$0.079 in FY 2022) Full year 2023 results: EPS: CA$0.26 (up from CA$0.079 in FY 2022). Revenue: CA$203.3m (up 45% from FY 2022). Net income: CA$14.5m (up 221% from FY 2022). Profit margin: 7.1% (up from 3.2% in FY 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 11% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth. Announcement • Mar 07
Genesis Land Development Corp., Annual General Meeting, May 14, 2024 Genesis Land Development Corp., Annual General Meeting, May 14, 2024, at 14:30 Mountain Daylight. Location: Logan Landing Boardroom at the Genesis head office Calgary Alberta Canada Buy Or Sell Opportunity • Feb 05
Now 21% overvalued Over the last 90 days, the stock has fallen 1.7% to CA$2.38. The fair value is estimated to be CA$1.97, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 22% over the last 3 years. Earnings per share has grown by 10.0%. Announcement • Dec 14
Genesis Land Development Corp. (TSX:GDC) announces an Equity Buyback for 2,840,528 shares, representing 5% for CAD 8.5 million. Genesis Land Development Corp. (TSX:GDC) announces a share repurchase program. Under the normal course issuer bid, the company will repurchase up to 2,840,528 shares, representing 5% of its issued and outstanding common shares, for CAD 8.5 million. The purchase price of the Common Shares is restricted to a maximum of CAD 3 per Common Share. The repurchased shares under the bid will be cancelled. The bid will expire on December 17, 2024, or earlier of the date on which the maximum number of common shares are purchased pursuant to the bid. As of December 8, 2023, the company had 56,810,578 issued and outstanding shares. Upcoming Dividend • Nov 13
Upcoming dividend of CA$0.085 per share at 6.8% yield Eligible shareholders must have bought the stock before 20 November 2023. Payment date: 08 December 2023. Trailing yield: 6.8%. Within top quartile of Canadian dividend payers (6.7%). Higher than average of industry peers (1.5%). Reported Earnings • Nov 11
Third quarter 2023 earnings released: EPS: CA$0.04 (vs CA$0.033 in 3Q 2022) Third quarter 2023 results: EPS: CA$0.04 (up from CA$0.033 in 3Q 2022). Revenue: CA$41.2m (down 5.6% from 3Q 2022). Net income: CA$2.20m (up 19% from 3Q 2022). Profit margin: 5.4% (up from 4.3% in 3Q 2022). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 8% per year whereas the company’s share price has increased by 11% per year. Announcement • Nov 09
Genesis Land Development Corp. Declares Unconditional Special Cash Dividend, Payable on December 8, 2023 Genesis Land Development Corp. declared an unconditional special cash dividend of $0.085 per common share for a total of $4.8 million on November 8, 2023, payable on December 8, 2023 to shareholders of record on November 21, 2023. Reported Earnings • Jul 28
Second quarter 2023 earnings released: EPS: CA$0.07 (vs CA$0.002 in 2Q 2022) Second quarter 2023 results: EPS: CA$0.07 (up from CA$0.002 in 2Q 2022). Revenue: CA$53.2m (up 140% from 2Q 2022). Net income: CA$4.09m (up CA$4.00m from 2Q 2022). Profit margin: 7.7% (up from 0.4% in 2Q 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 23% per year whereas the company’s share price has increased by 20% per year. New Risk • Jun 10
New minor risk - Dividend sustainability The dividend is not well covered by cash flows. The company is paying a dividend despite having no free cash flows. Dividend yield: 7.6% This is considered a minor risk. Dividends are ultimately paid out of the company's available cash reserves. Companies that pay out too much of their cash flow are at risk of having to reduce or cut their dividend in future. If cash flow growth slows or cash flows fall, then there may not be enough cash reserves to maintain the same dividend. Or in extreme cases, companies may opt to take on debt to maintain the dividend. This risk is mitigated by the fact the dividend is covered by earnings, however, cash flows are generally more important. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 6.5% per year over the past 5 years. Minor Risks Paying a dividend despite having no free cash flows. Profit margins are more than 30% lower than last year (3.3% net profit margin). Market cap is less than US$100m (CA$119.4m market cap, or US$89.5m). Announcement • May 19
Genesis Land Development Corp. Announces Special Cash Dividend, Payable on June 12, 2023 Genesis Land Development Corp. announced that its Board of Directors has declared an unconditional special cash dividend of $0.085 per common share, or $4.8 million in aggregate, payable on June 12, 2023 to shareholders of record on May 26, 2023. Reported Earnings • May 07
First quarter 2023 earnings released First quarter 2023 results: Revenue: CA$37.3m (up 83% from 1Q 2022). Net income: CA$160.0k (up CA$656.0k from 1Q 2022). Profit margin: 0.4% (up from net loss in 1Q 2022). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 60% per year but the company’s share price has only increased by 21% per year, which means it is significantly lagging earnings growth. Reported Earnings • Mar 03
Full year 2022 earnings released: EPS: CA$0.08 (vs CA$0.24 in FY 2021) Full year 2022 results: EPS: CA$0.08 (down from CA$0.24 in FY 2021). Revenue: CA$140.4m (up 28% from FY 2021). Net income: CA$4.52m (down 58% from FY 2021). Profit margin: 3.2% (down from 9.9% in FY 2021). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 56% per year but the company’s share price has only increased by 10% per year, which means it is significantly lagging earnings growth. Announcement • Jan 28
Genesis Land Development Corp. Announces Appointment of Calvin Younger as Member of the Board of Directors Genesis Land Development Corp. announced the appointment of Calvin Younger as a member of the Board of Directors of the Corporation effective immediately. Mr. Younger is Senior Vice President and Head, Real Estate Finance – Canada, Business and Corporate Banking with CIBC. Prior to joining CIBC in 2001, Mr. Younger held various executive positions in the financial services industry with, and particular focus on, the real estate sector. He currently serves on the Board of Haventree Bank, an alternative retail mortgage lender operating through independent mortgage brokers across Canada. He previously served as Chair of the Board of the Hincks Dellcrest Treatment Centre and Big Brothers Big Sisters Toronto. Mr. Younger holds a Bachelor of Commerce degree from Trinity College, University of Toronto and a MBA from Schulich School of Business, York University. Announcement • Jan 18
An unknown buyer completed the acquisition of 20% stake in Mckee Homes Ltd . An unknown buyer agreed to acquire 20% stake in Mckee Homes Ltd for CAD 9.9 million on December 6, 2022. The transaction is scheduled to close on January 16, 2023.An unknown buyer completed the acquisition of 20% stake in Mckee Homes Ltd on January 16, 2023. Announcement • Jan 17
An unknown buyer completed the acquisition of 20% stake in Qualico Developments West Ltd. An unknown buyer agreed to acquire 20% stake in Qualico Developments West Ltd for CAD 9.9 million on December 6, 2022. The transaction is scheduled to close on January 16, 2023.An unknown buyer completed the acquisition of 20% stake in Qualico Developments West Ltd on January 16, 2023. Announcement • Dec 15
Genesis Land Development Corp. (TSX:GDC) announces an Equity Buyback for 2,843,166 shares, representing 5% for CAD 8 million. Genesis Land Development Corp. (TSX:GDC) announces a share repurchase program. Under the normal course issuer bid, the company will repurchase up to 2,843,166 shares, representing 5% of its issued and outstanding common shares, for CAD 8 million. The purchase price of the Common Shares is restricted to a maximum of CAD 3 per Common Share. The repurchased shares under the bid will be cancelled. The bid will expire on December 15, 2023, or earlier of the date on which the maximum number of common shares are purchased pursuant to the bid. As of December 13, 2022, the company had 56,863,335 issued and outstanding shares. Upcoming Dividend • Nov 18
Upcoming dividend of CA$0.075 per share Eligible shareholders must have bought the stock before 25 November 2022. Payment date: 15 December 2022. The company last paid an ordinary dividend in December 2015. The average dividend yield among industry peers is 1.0%. Board Change • Nov 16
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. No experienced directors. 5 highly experienced directors. President, CEO & Director Iain Stewart was the last director to join the board, commencing their role in 2013. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Nov 04
Third quarter 2022 earnings released: EPS: CA$0.04 (vs CA$0.062 in 3Q 2021) Third quarter 2022 results: EPS: CA$0.04 (down from CA$0.062 in 3Q 2021). Revenue: CA$43.6m (up 25% from 3Q 2021). Net income: CA$1.86m (down 29% from 3Q 2021). Profit margin: 4.3% (down from 7.5% in 3Q 2021). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 63% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings. Upcoming Dividend • Aug 04
Upcoming dividend of CA$0.075 per share Eligible shareholders must have bought the stock before 11 August 2022. Payment date: 26 August 2022. The company last paid an ordinary dividend in December 2015. The average dividend yield among industry peers is 0.9%. Reported Earnings • Jul 29
Second quarter 2022 earnings released: EPS: CA$0.004 (vs CA$0.064 in 2Q 2021) Second quarter 2022 results: EPS: CA$0.004 (down from CA$0.064 in 2Q 2021). Revenue: CA$22.2m (down 25% from 2Q 2021). Net income: CA$97.0k (down 96% from 2Q 2021). Profit margin: 0.4% (down from 9.1% in 2Q 2021). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 67% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings. Announcement • Jul 29
Genesis Land Development Corp. Declares Unconditional Special Cash Dividend, Payable on August 26, 2022 Genesis Land Development Corp. declared an unconditional special cash dividend of $0.075 per common share for a total of $4.265 million on July 28, 2022, payable on August 26, 2022 to shareholders of record on August 12, 2022. Reported Earnings • May 06
First quarter 2022 earnings: EPS and revenues exceed analyst expectations First quarter 2022 results: CA$0.01 loss per share (down from CA$0.032 profit in 1Q 2021). Revenue: CA$20.4m (up 8.9% from 1Q 2021). Net loss: CA$496.0k (down 138% from profit in 1Q 2021). Revenue exceeded analyst estimates by 9.5%. Earnings per share (EPS) missed analyst estimates. Over the last 3 years on average, earnings per share has increased by 62% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth. Board Change • Apr 27
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. No experienced directors. 5 highly experienced directors. President, CEO & Director Iain Stewart was the last director to join the board, commencing their role in 2013. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Recent Insider Transactions • Mar 11
Independent Director recently bought CA$840k worth of stock On the 7th of March, Mark Mitchell bought around 300k shares on-market at roughly CA$2.80 per share. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought CA$912k more in shares than they have sold in the last 12 months. Announcement • Mar 04
Genesis Land Development Corp., Annual General Meeting, May 25, 2022 Genesis Land Development Corp., Annual General Meeting, May 25, 2022, at 09:00 Mountain Daylight. Reported Earnings • Mar 04
Full year 2021 earnings: EPS and revenues exceed analyst expectations Full year 2021 results: EPS: CA$0.24 (up from CA$0.005 in FY 2020). Revenue: CA$109.8m (up 5.6% from FY 2020). Net income: CA$10.9m (up CA$10.7m from FY 2020). Profit margin: 9.9% (up from 0.2% in FY 2020). The increase in margin was primarily driven by higher revenue. Revenue exceeded analyst estimates by 9.5%. Earnings per share (EPS) also surpassed analyst estimates by 18%. Over the last 3 years on average, earnings per share has increased by 49% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings. Recent Insider Transactions Derivative • Dec 25
President exercised options to buy CA$91k worth of stock. On the 17th of December, Iain Stewart exercised options to buy 41k shares at a strike price of around CA$2.00, costing a total of CA$81k. This transaction amounted to 30% of their direct individual holding at the time of the trade. Since March 2021, Iain's direct individual holding has increased from 103.10k shares to 133.10k. Company insiders have collectively bought CA$196k more than they sold, via options and on-market transactions, in the last 12 months. Announcement • Dec 21
Genesis Land Development Corp. has completed a Follow-on Equity Offering in the amount of CAD 30 million. Genesis Land Development Corp. has completed a Follow-on Equity Offering in the amount of CAD 30 million.
Security Name: Common Shares
Security Type: Common Stock
Securities Offered: 41,863,335
Price\Range: CAD 0.716618
Transaction Features: Rights Offering Reported Earnings • Nov 05
Third quarter 2021 earnings released: EPS CA$0.06 (vs CA$0.091 in 3Q 2020) The company reported a soft third quarter result with weaker earnings and profit margins, although revenues improved. Third quarter 2021 results: Revenue: CA$35.0m (up 18% from 3Q 2020). Net income: CA$2.62m (down 31% from 3Q 2020). Profit margin: 7.5% (down from 13% in 3Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 5% per year but the company’s share price has fallen by 7% per year, which means it is significantly lagging earnings. Reported Earnings • Jul 31
Second quarter 2021 earnings released: EPS CA$0.07 (vs CA$0.087 in 2Q 2020) The company reported a poor second quarter result with weaker earnings, revenues and profit margins. Second quarter 2021 results: Revenue: CA$29.5m (down 3.9% from 2Q 2020). Net income: CA$2.69m (down 26% from 2Q 2020). Profit margin: 9.1% (down from 12% in 2Q 2020). Over the last 3 years on average, earnings per share has fallen by 33% per year but the company’s share price has only fallen by 12% per year, which means it has not declined as severely as earnings. Reported Earnings • May 07
First quarter 2021 earnings released: EPS CA$0.03 (vs CA$0.17 loss in 1Q 2020) The company reported a decent first quarter result with improved earnings and profit margins, although revenues were weaker. First quarter 2021 results: Revenue: CA$18.7m (down 21% from 1Q 2020). Net income: CA$1.32m (up CA$8.71m from 1Q 2020). Profit margin: 7.1% (up from net loss in 1Q 2020). The move to profitability was driven by lower expenses. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 63 percentage points per year, which is a significant difference in performance. Reported Earnings • Mar 03
Full year 2020 earnings released The company reported a mediocre full year result with weaker earnings and profit margins, although revenues improved. Full year 2020 results: Revenue: CA$103.9m (up 53% from FY 2019). Net income: CA$199.0k (down 88% from FY 2019). Profit margin: 0.2% (down from 2.5% in FY 2019). The decrease in margin was driven by higher expenses. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 92 percentage points per year, which is a significant difference in performance. Announcement • Mar 02
Genesis Land Development Corp., Annual General Meeting, May 14, 2021 Genesis Land Development Corp., Annual General Meeting, May 14, 2021, at 09:00 Mountain Daylight. Announcement • Dec 18
MWM Enterprises Limited acquired an additional 3% stake in Genesis Land Development Corp. (TSX:GDC) for CAD 2.4 million. MWM Enterprises Limited acquired an additional 3% stake in Genesis Land Development Corp. (TSX:GDC) for CAD 2.4 million on November 17, 2020. Under the terms of the transaction, MWM Enterprises acquired 1.26 million shares at an offer per share of CAD 1.88.
MWM Enterprises Limited completed the acquisition of an additional 3% stake in Genesis Land Development Corp. (TSX:GDC) on November 17, 2020. Is New 90 Day High Low • Dec 18
New 90-day high: CA$2.35 The company is up 63% from its price of CA$1.44 on 16 September 2020. The Canadian market is up 10.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Real Estate industry, which is up 5.0% over the same period. Recent Insider Transactions • Dec 18
Independent Director recently bought CA$1.7m worth of stock On the 14th of December, Mark Mitchell bought around 755k shares on-market at roughly CA$2.25 per share. In the last 3 months, they made an even bigger purchase worth CA$2.4m. Insiders have collectively bought CA$4.1m more in shares than they have sold in the last 12 months. Valuation Update With 7 Day Price Move • Nov 25
Market bids up stock over the past week After last week's 17% share price gain to CA$2.20, the stock is trading at a trailing P/E ratio of 52.7x, up from the previous P/E ratio of 45x. This compares to an average P/E of 16x in the Real Estate industry in Canada. Total return to shareholders over the past three years is a loss of 34%. Recent Insider Transactions • Nov 20
Independent Director recently bought CA$2.4m worth of stock On the 17th of November, Mark Mitchell bought around 1m shares on-market at roughly CA$1.88 per share. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought CA$2.4m more in shares than they have sold in the last 12 months. Valuation Update With 7 Day Price Move • Nov 19
Market bids up stock over the past week After last week's 17% share price gain to CA$1.95, the stock is trading at a trailing P/E ratio of 46.7x, up from the previous P/E ratio of 40x. This compares to an average P/E of 17x in the Real Estate industry in Canada. Total return to shareholders over the past three years is a loss of 43%. Is New 90 Day High Low • Nov 14
New 90-day high: CA$1.74 The company is up 24% from its price of CA$1.40 on 14 August 2020. The Canadian market is up 2.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Real Estate industry, which is up 12% over the same period. Valuation Update With 7 Day Price Move • Nov 13
Market bids up stock over the past week After last week's 15% share price gain to CA$1.67, the stock is trading at a trailing P/E ratio of 40.1x, up from the previous P/E ratio of 34.8x. This compares to an average P/E of 17x in the Real Estate industry in Canada. Total return to shareholders over the past three years is a loss of 50%. Reported Earnings • Nov 07
Third quarter 2020 earnings released: EPS CA$0.09 The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2020 results: Revenue: CA$29.7m (up 133% from 3Q 2019). Net income: CA$3.81m (up CA$3.51m from 3Q 2019). Profit margin: 13% (up from 2.3% in 3Q 2019). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 87% per year but the company’s share price has only fallen by 28% per year, which means it has not declined as severely as earnings. Is New 90 Day High Low • Oct 08
New 90-day high: CA$1.51 The company is up 31% from its price of CA$1.15 on 10 July 2020. The Canadian market is up 5.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Real Estate industry, which is up 15% over the same period.