to move Good direct months Jenny. note do and to can welcome a click purecyclewater.com slides can Thank then the on February this, walk there'll morning, XX, will X Investor go you if ended for We website and link the the deck XXXX the the our at deck and you, through I'll this, everyone, our there earnings have a And to we for and transition through as of tab. that try be you presentation. this I call.
that continue with and their of give me forward-looking their presentation trajectory business, our our investments together those bit reference bit not contained segments a our statement, our we've the spend are of statements. into X months of Let all by the historical some first and our that indicates do want to little will opportunities a assets performance With statements I'm a sure bit little be familiar capacities of with up I are out incorporated which year. are about in on of that that. coming a with to that, little facts about slide, monetize to at talking start you forward-looking you take Talk then a what first or and this the little which is important made through bit various updates that the assets look some of with time this
keep us that Board our really and great of accountable all the Board segments. to sure every on, very only within that wisdom day line years that got of Directors, possible that. of strong our mortar block this management to a strong of tackle performances each are and offer individual a of is organization their rely but the putting not and they in a continues really without we're our operators up in and team, brick make We've tremendous and to advice None team having
we team, as both level level. strong the well company as at a Board benefit So at from very the
so want those all continue folks and And make do recognize what to we to we happen. acknowledge -- that
bit our So presentation a backgrounds the in team as of the little some well line. on as information of on of terms leadership both
So the you direction these information lot a can get the shepherding who of and company. it of that's steering about is assets
the really with these So in business each value integrated forming X other of segment. segment company segments and operates in are segments, business vertically and different improving the each
the If at the we're a of premise provider. look you company, Water/Wastewater fundamental take a
an We commodity. significant in have portfolio water come where of assets area, very to by hard a a is valuable
that. over time. those these appreciation And to service water have with significant been over period provide connections, really of And on extended got of than XX logistics years wastewater to portfolio period We've assets assets. XX,XXX developing water they and had and time. of so just getting we're single-family allow we more it very a to that us approximately investments in The have started
develop value Land have Development little segment, community. master a that. segment where planned connections talk land about and But little X,XXX business a more us that helps is our date, We which as a to bit we'll create Water the over segment, in we next
to investments make businesses. land national area we providing well as take investments it large and so look we as single-family a lots these in homebuilders multifamily water and commercial also as development. those wastewater, at a and and development, land And And as we in large-scale make lots
the with those keep rent and we equity value water to and in our segment our some service we those We individuals own together with families of to retain we're lots homes really keep partners portfolio, we the that business. is build for rental And ourselves. single-family and market as out then connections lots, lots work the that lot third those for developing of on homebuilder a single-family
of So as can segments, each little segment chain. complement company's asset in provide really other value really those Talk each you see, a about the bit the and assets.
in compared We about the our has million one water what When basis take think company are the you things these a most cost in a assets. look these extremely and a assets. assets very and we of this the at really have low that $XXX the about [ is value basis And taking company fair I disciplined wastewater is acquiring ] market of about been unique that lot that have the to is, it's at because assets. look
that the Our really connection does you capital year-over-year indication you accounts of Ranch annual is that the just the less just rights opportunity a has Sky when at $XX were the fees the taking at water portfolio revenues It asset, and generate million. $XXX And look give then on in we assets than slightly take a property. over worth $X.X million. revenue fortuitous than very greater our an billion can land acquiring one look that in company of that in
a in it there. in build wanted And later less XXXX, about little can that. asset highlight continue as when $XX a I'll great of for basis that in bit back $XXX people we out. got million significant opportunities land the Development assets in to as company that in a excess a generate in in million assets very presentation got low the acquired not the side $X Land than We basis We Recession of lot million the and
rentals. cash tax the company our a there water. retain advantaged Single to is then way recurring us the segment able that The in newest And of land being value adding and and it's some to very equity opportunity of both Family being the flows
out those build we we properties, rent what carry much home as online at homebuilders forward the we're as opportunity, those so XX% equity bring and it value. marketplace, an And fair carries where with that equity. on that market have And some value able in we have of then each is to can
So great to monetize of integration that Single of Rental. there's vertical opportunity us a Family those the some into assets each for of
One company's other high capital liquidity of of there. stewardship of we'd is like a of the degree a to We've the strong its highlight sheet, kind got resources. things very balance in
at partner, you a our entity position, receivables that our from governmental look If we're take together with cash where infrastructure. constructing our
take on of to rentals, opportunities company. that that very we vertical cash credit worth partners million cost get $XX because but closely of that debt. we can attractive look can't within with at notes it's and over and there use really be able that's get financing got very very We mortgage-type between and cash to -- in receivable mortgage, liquidity our a the facility debt company and banking of single-family of able and the type modest the to get a be that to a some our product leverage work We've
do bit performance. like one the of So to a the highlight those that's we like what to about What of because key it the uniqueness just to company. our I'd talk of things financial that little is assets is bring
million QX results, about advance X to $X.X in into a great revenue. right Slide we'll for quarter jump So the and us,
had X bit we operations ramping were the that in interest a see little 'XX up quarter-over-quarter and in looking As because end homes thought pause the more aggressive that of the to were how looking past these of for. homebuilder we're rate we in you at our the 'XX. 'XX, And they a increases were line the velocity what in of can of so years, inventory at towards partners wanted XXXX. looking were they with
And about interest But one XX-day normalized in seen what hard that expectations in. is of a were or a on in they're are above to a with basis, really maybe years phase get that still rates line Phase mortgage the X we've in kind what fast They're and Xb our that my Interest ago, XX-day for so our rates. had settling stabilization sub pause second but really they of are market. -- we gap rate starting lips. second where had our high phase, X, normal of second
see is not locks to switch all rate. business, a is mortgage what attributable but Denver folks really the Colorado I And lack of of a the and X% is coming on to think for lot market, home higher for we across isn't single-family the country a have them a in of it that the all that really market here a So lot mortgage that around inventory out sale. in that just and those that that mortgage attractive to for
from gross highlight bit. million profit margins our margins, company. is XX% that $X.XX and exceeding business little But little income, can continue see $X of you our in net We'll per a continuing terrific to we're that about Our be Net where on all of a of X results are QX the earnings an the also share. income over per share of segments.
carries this it period And so does what time. us through slow of our is typically
year-end. the Denver lots that We the a timing because of because here bit climate the with a QX amount And and just on within of times you'll side of that do construction significant and we're activity see seasonality the in our company acceleration just little have delivering of really a in the out of lot that of of doing QX.
We have an X/XX year end.
is winter months first as our to And of the year. or the QX/X so QX Q puts our opposed that calendar our in QX/X
to it activities trips to to are high into business very summer I revenue be of going of Those those a we So take up each But are construction individual by at look each always months. are segments, our look on impressive really that. rolling going margins QX, be gross on delivering results. irrigation our the how QX. a look segments, seasons, going a our Those summer you be at that mentioned, bit the Take productivity as for those and again, when at lots. the
on are first-time them. have into are year giving then very water our are traction a we land and second are in got the rentals. we're very We've And to in the XX margins renewals continue single-family service units be and of gross that some materiality high the their our that get we product units fully some to those starting of renewal, development. of some margins utilities, enthusiastic and some that lot and renters our coming leased our through about XX%
a units. we've on renewal a those rate So got lot turnover of the high on
segment Let come and down about from. bit our me a where revenues drill Water little Wastewater
for real for that. provide to very As be us demand to doing. component those because company, able that's following And a the is current water gas and that user are industrial a water And that's with also of we're to high us -- water system advantageous that develop allows commercial industry. you oil we it of it what the our in
have Southern able We've continuing. they're here to that provide ending, about drilling so the capital we And then large that Niobrara a one system other some square that field. wells. And of the advance pretty trend was months operators if mile is of that close operator QX, some Civitas, and are in operators are see Colorado. area, expand What water waters. X company it's couple smaller a we're our gas field and field additional to XXX residential this And our The got delivering a at of operators, that think to our in quarter you the that in for we record delivery where oil is demand. to just I look
stage the of is And at field this development.
It's a the they've in very a field. production oil, fields. a heavy that So comes of field. of oil-rich these out very, very lot It's derisked
it's think liked amongst operators. I well So the
where a QX, is their up more that's builders permits building pulling segments building tap seasonality of a and a this fees on QX that kind our light and are fees trend fees is those in tap they tapes of bit where issue, the that they One years, a fee, time permit. to was going in we of lot as tap pick their the as QX, we through of pay pay can the at you that's usually be little the which see
increase rolls in rest velocity through. you're to see going as So year of the that the
recurring bit gas They're a little a so our on very the efficient. statistics are customers, of There's oil our customer of continue customers. and to grow on And and on bit and becoming of projection number side. little our we base, those
days. so And X rig about in well can each a drill
so XX as to pad XX per wells And drilling they're many as site.
are we're that going I so think field gas X.X so continuing this to And we've operators. rigs see and got the performance delivering this to commercial dedicated in segment, to water and oil you're where
of things the that's Development. the really Land that is to the and one of out of kind on activity rates settling we the Development, highlight Land Our want going within interest
Phase construction. XXX currently We phases approximately have three XX%. lots, Xa, that's our is first which under
think most construction of needs lots orientation. of under about of couple XX% finished But some I builders. are part, in We've very is there still we've homes finished. landscaping our activity those most our and from then a got in are that are seasonal in that for the their got some there
at So basis. on do complete, that that, of the as percent a and accounting you about we complete take look XX% a that's
be So for you the on that gutter and XX% accounting we're methodology. delivered. asphalt hits really process virtue that our in by so curb see prepping how IIb, of complete, grading we're out statement complete those and will now that income and about the looking and of Phase at that lots percent
the for and for building month the their this and released then overlaps the May since be master later are from and that or department the we've for for Phase where grading under And and lots plans contract are year. infrastructure of site, been approval phase, XXX the our then construction finished those our into is third looking another contractors. have so that out then They've builders some Xc our within homebuilders our continuing Xa is lots rest on in with which overlapping probably county We we'll of that's February. on through available
the the finished we'll then year. be lots be calendar with in to work, end delivering They'll of of look and those there finished the their towards some get utilities
and plot have really do those which on of really say And we they to obtain X lots under permits those subphase the end Xb, the really go I'd XXX X lots for those XXXX. can we'll builder fourth that under concurrently our look is really, And to XXX top by phases. building that, the then phases production get delivery year our you've about got what with will partners, so of spring production lots. where vertical. another Phase and by And be of their
mostly demand master the accelerating Sky in market Land Development, really the and because one So of the can very that development is deliver of Ranch few that planned still Denver our entry-level of the communities fact the product.
issues well country. the when really because cost markets than is our in affordability affordable those of many an market of say other delivering less say, entry-level dare function I you plots. is the But it's $XXX,XXX, as product hard. anything a as one it's of in just strong And
to me an Single to you to I'm Single Let and Mark move give Family and Family Rentals, Spezialy him going on our pass the update Rentals. baton over have
