Last C$21.96 CAD
Change Today -0.08 / -0.36%
Volume 1.8K
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Company Description

Contact Info

4906 Richard Road S.W.

Calgary, AB T3E 6L1

Canada

Phone: 403-231-8900

Fax: 403-231-8960

Brookfield Residential Properties Inc. operates as a land developer and homebuilder in North America. The company entitles and develops land and builds homes for its own communities, as well as sells lots to third-party builders. The company focuses on various markets, including Canada, California and Central and Eastern United States. Its Canadian operations are primarily in the Alberta and Ontario markets. Its California operations include Northern California (San Francisco Bay Area and Sacramento) and Southern California (Los Angeles / Southland and San Diego / Riverside). The company’s Central and Eastern United States operations include the Washington D.C. Area, Colorado, Arizona and Texas. Through the activities of its operating subsidiaries, the company develops land for its own communities and sells lots to other homebuilders and third parties. The company may also design, construct and market single-family and multi-family homes in its own and others’ communities. In each of its markets, the company operates through local business units which are involved in all phases of the planning and building of its master-planned communities, infill projects, and mixed-use developments. These operations include sourcing and evaluating land acquisitions, site planning, obtaining entitlements, developing the land, product design, constructing, marketing and selling homes and homebuyer customer service. These business units may also develop, or sell land for the construction of commercial shopping centres in its communities. The company delivers master-planned communities, infill projects, and mixed-use developments. In an infill development, it develops land and constructs homes in previously urbanized areas. The company invests in various markets, such as Washington D.C. — government and technology markets; California — technology, entertainment, tourism and agriculture markets; Calgary, Edmonton and Denver — energy sector, technology and government markets; Phoenix — government, tourism, education, high tech, and telecommunications markets; Greater Toronto Area — financial services and manufacturing markets; and Austin — government, technology, education and healthcare markets. Business Strategy The primary elements of the company’s strategy include selective acquisitions, proactive asset management, high growth markets, decentralized operating structure, creating communities, minimizing risk, and focus on first time product in Canada and move-up in the United States. Assets The company’s business is focused on land development and single-family and multi-family homebuilding in the markets in which it operates. Its assets consist primarily of land and housing inventory and investments in unconsolidated entities. As of December 31, 2013, the company controlled 110,817 lots. Controlled lots include those it directly own and its share of those owned by unconsolidated entities. History Brookfield Residential Properties Inc. was founded in 2002.

 

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Valuation BRP Industry Range
Price/Earnings 13.2x
Price/Sales 1.7x
Price/Book 1.6x
Price/Cash Flow 12.8x
TEV/Sales 0.5x
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