Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 

4-Traders Homepage  >  Equities  >  Nyse  >  TRI Pointe Group Inc    TPH

Delayed Quote. Delayed  - 08/31 05:47:20 pm
13.485 USD   -1.57%
08/25 TRI POINTE : Success Of Maracay Homes' Oro Valley Community Offers S..
08/18 TRI POINTE : Winchester to Introduce 2 New Models at Potomac Highlan..
08/05 WINCHESTER HOME : to Unveil 2 Townhome Models at Cabin Branch Grand ..
SummaryQuotesChartsNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsSector news 

Tri Pointe Homes Inc : TRI Pointe Homes Acquires 76 Lots in the Core Silicon Valley Community of San Mateo, CA

share with twitter share with LinkedIn share with facebook
share via e-mail
0
05/01/2013 | 03:15pm CEST

TRI Pointe Homes (NYSE:TPH) announced April 30th it has acquired 76 lots in the new-urban masterplanned community of Bay Meadows in San Mateo, Calif. The lots, TRI Pointe's second acquisition within the masterplan, will feature 76 townhomes ranging from 1,200 to 2,100 square feet priced in the high $900,000s. Named Canterbury, the new neighborhood is slated to open in the first half of 2014.

"This acquisition continues to build our Bay Area operation around the very strong employment base within and surrounding Silicon Valley," said Douglas F. Bauer, TRI Pointe CEO. "It fits perfectly with our model of building where people need and want to live, near major employment and transportation centers."

The lots, acquired from Stockbridge Capital and developer Wilson Meany, are located in one of the largest developable areas in the San Francisco-Silicon Valley corridor on the site of a former airfield and Bay Meadows racetrack. Bay Meadows (http://baymeadows.com/) is a comprehensively sustainable, transportation-centered pedestrian village located midway between San Francisco and Silicon Valley designed with state-of-the-art buildings set in a new walkable urbanist environment.

"Our reputation and relationship with Wilson Meany has allowed us to enter into our second neighborhood at Bay Meadows," said Mr. Bauer. "This is the right place, the right time and the right concept."

TRI Pointe's existing 63-home neighborhood called Amelia features two- and four- bedroom townhomes. Each phase has sold out quickly after being released.

In mid-April, TRI Pointe announced the acquisition of 301 prime building lots in three sought-after communities in Los Angeles, Riverside and Orange counties in Southern California. TRI Pointe plans to begin building and selling single-family homes on the lots, located in Azusa, Temecula and Huntington Beach, later in 2013.

About TRI Pointe Homes

TRI Pointe Homes, Inc. (NYSE: TPH) is engaged in the design, construction and sale of innovative single-family homes in planned communities in major metropolitan areas located throughout Southern and Northern California and, most recently, Colorado. The Company is headquartered in Irvine, California. For more information about the company an its new home developments, please visit www.TRIPointeHomes.com.

Forward-Looking Statements

Except for the historical information contained in this press release, the matters set forth in this press release, including statements regarding the Company's plans with respect to building and selling homes are forward-looking statements within the meaning of the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are subject to risks and uncertainties that may cause actual results to differ materially, including the risks and uncertainties associated with adverse weather, regulatory approvals, labor shortages and other risks detailed in the Company's Annual Report on Form 10-K for the year ended December 31, 2012 and other documents subsequently filed with or furnished to the Securities and Exchange Commission. These forward-looking statements are based on current information that may change and you are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this press release. All forward-looking statements are qualified in their entirety by this cautionary statement, and the Company undertakes no obligation to revise or update any forward-looking statement to reflect events or circumstances after the issuance of this press release.

NewGround PR & Marketing
Christine Rombouts
949.631.1557
crombouts@newgroundco.com


© Business Wire 2013
share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on TRI POINTE GROUP INC
08/25 TRI POINTE : Success Of Maracay Homes' Oro Valley Community Offers Snapshot Of I..
08/18 TRI POINTE : Winchester to Introduce 2 New Models at Potomac Highlands
08/05 WINCHESTER HOMES : to Unveil 2 Townhome Models at Cabin Branch Grand Opening Eve..
07/28 TRI POINTE HOMES : Celebrates Local History With Machado House Restoration at Pa..
07/27 TRI POINTE : Management's Discussion and Analysis of Financial Condition and Res..
07/27 TRI POINTE GROUP, INC. : Results of Operations and Financial Condition (form 8-K..
07/27 TRI POINTE GROUP, INC. : Reports 2016 Second Quarter Results
07/22 QUADRANT HOMES : Recognized for Seventh Year Running as Customer Service Leader ..
07/20 TRI POINTE GROUP : Honored as One of the 2016 Best Places to Work
07/15 TRI POINTE : Winchester to Unveil Model Home at Willowsford on July 16
More news
Sector news : Residential Builders - Single Homes
08/30 FTSE dragged down by miners and housebuilders
08/23 FTSE buoyed by resilient Persimmon
08/23 Toll Brothers' strong revenue, orders suggest firming housing growth
08/23DJTOLL BROTHERS : Revenue and Profit Jump
08/23DJU.S. Stocks Creep Higher
More sector news : Residential Builders - Single Homes
News from SeekingAlpha
08/17 Tracking David Einhorn's Portfolio - Q2 2016 Update
08/15 TRI POINTE HOMES : Strong Growth Potential Providing High Upside
07/27 TRI Pointe Homes' (TPH) CEO Douglas Bauer on Q2 2016 Results - Earnings Call ..
07/27 TRI Pointe Homes 2016 Q2 - Results - Earnings Call Slides
07/27 TRI Pointe Homes beats by $0.18, beats on revenue
Advertisement
Financials ($)
Sales 2016 2 437 M
EBIT 2016 307 M
Net income 2016 196 M
Debt 2016 1 007 M
Yield 2016 -
P/E ratio 2016 10,96
P/E ratio 2017 9,87
EV / Sales 2016 1,32x
EV / Sales 2017 1,16x
Capitalization 2 201 M
More Financials
Chart TRI POINTE GROUP INC
Duration : Period :
TRI Pointe Group Inc Technical Analysis Chart | TPH | US87265H1095 | 4-Traders
Full-screen chart
Technical analysis trends TRI POINTE GROUP INC
Short TermMid-TermLong Term
TrendsNeutralBullishNeutral
Technical analysis
Income Statement Evolution
More Financials
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 9
Average target price 17,6 $
Spread / Average Target 28%
Consensus details
EPS Revisions
More Estimates Revisions
Managers
NameTitle
Douglas F. Bauer Chief Executive Officer & Director
Thomas J. Mitchell President & Chief Operating Officer
Barry Stuart Sternlicht Chairman
Michael D. Grubbs Chief Financial Officer & Treasurer
Robert W. D’Unger Vice President-Information Technology
More about the company
Sector and Competitors
1st jan.Capitalization (M$)
TRI POINTE GROUP INC8.13%2 201
LENNAR CORPORATION-3.23%9 868
NVR, INC.2.67%6 572
CALATLANTIC GROUP INC-3.80%4 319
SUMITOMO FORESTRY CO.,..-17.11%2 333
LIPPO KARAWACI TBK PT--.--%1 973
More Results