Thank you, Holly.
welcome May to XX. to XXXX QX like ending period I'd you our all for And
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I by like is in Our reference you first talk the Securities performance do left slide our Statements facts second trajectories brief on strength of go familiar to -- and results historical Act.
What regard of to that through in defined by some spent the and incorporated quickly this I'll are and our time QX, little Exchange presentation you give the our contained actually forward-looking are presentation, on a or then those. really not are those statements, which update forward-looking bit I'd briefly and potential some all of with. asset their as the think strategies, and and some our a bit our in the of a our assets about statements
So, we'll move and to Slide X. Very leadership Board. proud of our strong
experience wealth that segments. X operate tremendous we their with individual of company. the of amount time. some And a for provides and tremendous leadership within picture knowledge guidance. together and in heavy our We industries is here amount leaders They've me managers, our have Marc with team a been to then a Board our our with group very Spezialy, business strong a quite got our team. and CFO. primary And and bring who's of We All
with land in are but also only the strong how water have our in rights is which a are they very portfolio segment, segment of And planned Denver not those we developer in Metropolitan master valuable rights, water how interests, those second we rights development plan short in monetize water a area. master where in water water working and themselves we Area.
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continue the to value those we value it add to continues As homes. build of community, to each in
well. us and So, very very successful a emerging as for that's segment
sheet. here's If segment's positioned you how Page balance the move each X, to on
liquidity. excellent have We
land then out most we that know, a strong you as cash, of horizontal of our million value continue get liquidity in segment. $XX have we our development is infrastructure, receivable receivable, and a As to we which note and of infrastructure our build excess with very our
partner we letters use with segment hard they land what that to through does million collateral how jurisdictions. periodically instruments on of that we through as earning and $XX.X note our that of for to then interest use development note value.
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liquidity. continues Ranch that to this We those Sky as year little And continue later more talk of presentation. that the offerings a to bit and grow, see grow we'll in bond about also later CAB the another you one should
Moving Slide our do metrics bit X. we are financial what the performance, on how to little performance Talk a and that. takeaways our about from
to moving X. So, Slide
through XX% same a to growth last see continue approximately look year. period year. profit, period Taking at significant XX% over over up our We year last from this the overall same the gross revenues, up
has performance the this at statement. really earnings that net Taking these value So, the share from increases per also as the look period Corresponding highly well. are we company up with appreciated year demonstrating assets. that over P&L year in within income last that the continued is a XX% and really same and have assets the
So, for then have and quarter-over-quarter but we continue great really a to year-over-year. trajectory not asset performance also only value,
Slide to performance to Moving XX. down I want break by segment. our
of these between water of each industrial of are oil for and segments, appreciation up as at realize really reflected in our these And We segment. a to each assets where continue water domestic we're this delivering well taking which the as margins divided is from gas. business segment look attractive how water
Our add also the our Family Single land development Sky monetizing continuing then Ranch to our liquidity asset to company, segment, Rental. and
of have segments. each to those continued great in So, performance
water and had customers segment. down and XXXX we've wastewater to deliveries our strength had water a then growth, oil in Slide year. continued Really a each little in record year drill significant bit And in adding water sales, gas. Moving XX. has in new
the slide. of to a and the really Really year out got quarters looking the at through Moving We've a X We've first segment. finish amount sold strong. taking to deliveries. water next that look industrial tremendous record
system, customers.
Colorado that's aggressive continued that that climate. available our regulatory we we've for gas oil very invest the making to So, our on and state have a capacity sure water in is
And one the to a for in State think continues that on strictest And investment had the gas to level in And nation oil I allow the continued Colorado. We're how our gas. so them in they've business market markets lot to of have being controls of price had probably solidify got we've of make is the and how do and operators that segment. oil a oil that to perform operate over they the environmental strength and just the done. comfort in
very that a very be happens above attractive, are. have oil-rich right to water formation We our where resources
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growth phase to get a development. up We've phases are Moving naming phase. got But continues of we're here Key the Land a with within land active up, finishing XXX on, -- want is phase We're period. strong talk these. really takeaway second Sky X X, second segment. we currently year-over-year Ranch results, really are was to the that our to bit development I little units. development XX% almost about finishing see for better our about how first nomenclature the sub identifying have
that. of that a component out, just and which just We the construction. Phase few of are XB. was their a lots. have under building on getting for are XB, to out that, finished punch lots first XXX are We closing Phase landscaping they're inventory permits their lots and There's in most process of of about all We few items the the builders completing
that's complete. that sewer, and we making roads, So, sure are All on curbs activity for the available gutters have active them. water
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And in those then so completed that, spring we some so the of grading out and in dirt of the end our there, on our have work. the we and all and of opened those the
production, So, of another production.
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each component a these phases we're back of holding very for our of large have sub We that rental portfolio. single-family
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we're capitalize on So, to well. and that as try going
of acceleration the an you're in what Denver activities really, seeing market. the So is housing here
is and it. work a that, really to of XC, dirt look foundations then give complete see if look being is going building see into visual permits. gives can slide, no you a expand of can for which which to at next take for And the imagery XB, XA, seeing complete. you can you ready you at XD. see and an Phase This where there's that is a it. aerial Taking Just you Phase complete. we're kind of you substitute
to but stabilized market, in lots. homebuilders are segments. for growth take need what that not in to The look in, to that looking million single-family and $X.X those the that then think such in very want competitive this the be I really purchase, housing that So, be And segment able buyers than the interest market we are level for rate We'll our call, to looking at on, market. mostly rentals. really that We're on really are segment.
Continuing affordable tremendous entry rate has attribute market they segment a are lots time Denver delivering a still for interest there. an in the the delivering less
just positive our to and really We're X%, which continue cash us appreciation because are of that home we're the flow We in out also rental there. continued work asset add appreciation for seeing the generating X% of values community. doing units, asset continued overall to of the portfolio
here. strong good, really growth So
the style down some opportunity some another -- classes price to drilling You're the got with lots, take going of to where give multiple that that really looking continue have own of XB, that.
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see, you XD, some as going then adding And there. phases homes in in in to that values an XC asset accelerate we're where XX and homes and of appreciation in multiple XC we're XD. XX have We of another additional
going to within really portfolio So, homes next in that X close to XXX get years. we're the
And that more, illustrate as values asset appreciation This bit value so drilling company. growth, to terms growth about and of from add the well statement our we're excited continued the of the performance both on down is, the that again, the P&L as in business continue little the community segment. a home of very how to translates in income how
And become meaningful company's the really us of to so P&L. for very terms segment starting good and in
time the ] to very on, to bit, the about We Moving appreciated on [ little take talked little and from to a talk that's we've portfolio to balance continue land bit company got highly assets utilization. our whether little the that heard portfolio or you've time, increase that of fact refer the a a portfolio me water bit our those. to wanted of in provide what of value. invested color has each on sheet, I terms into and (sic)
about So as let shortages to lot market.
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the whether are have entry-level second whether of going for they're concerns, qualify of be segment, affordability but a -- buyers, second to most You a second going not be which that to pressuring to buyers move-up purchase your a home, they're really home.
competing are those really of really that shortage product, supply entry-level for that. and just All there's a of
level. are homebuilders, projects, what in is So, into for We the Denver gives demand such that imbalance you And it very delivering here each nicely that that from entry start this translating in lots inventory see of multiple to about our we us segment. find have capable phases. positioned an those confidence of particularly ourselves
Sky why us segment that's want investments, a you've continue which water about phasing accelerate to our so our about the overall seen Ranch water bit And segment. service to summarize the talk some our in development.
Talk little I the here. We itself. capacity of monetize
the ability. We have
provide system about a currently X,XXX water can -- connections. can We have portfolio XX Our serve to service connections. that XX,XXX
Our current connection customers base domestic around is our right tap are -- X,XXX.
wastewater have of we land system.
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early square be couple the master We units, a zoning family have space, of still little plan We're bit of commercial. of a million mix for retail. total single that'll and X,XXX on feet commercial a
by accelerating the help the go out customer demand demand then And units single-family aspects. on certainly commercial is our about the continue to base single-family where we're bit that going add We to to and rentals. a little for to planning there that accelerate
look record you at If positioned to well growth. the continue water year and that system,
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happens for what and we to customers to so to that continue -- segment, capacity and as then available is and reallocate have the gas invest we the oil segment, we in that the side. residential And residential just we build that over the in continue
our opportunity going on new system running, tap for it as get terrific and that. and up add increases a see fees to it's So our us margins that that connections we the we're to and
fees So, to development significant portfolio, our to And the with going phases development. at building continue same as to start you'll you're to of -- to start multiple at permits. into time, those add adding the margins customers, you're are Sky we lot got customers And a a X fees, tap new the going retail going see of see favorable very Ranch. see concurrent P&L. accelerate because on we've our from continue Tap then overall to growth, phases those really
about equal permits, have have jurisdiction As to able we the to XX% of land that build home.
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accelerate. whether going that, that's under construction zoned So were and phased were or into starting you're to see that
So, translate the that's both And project. our look we residential we're what terms about commercial in and that into a look to going would amount we to basis on seeing both that. of that excited not terms correlation, how the of units, about land valuation compared that lots to value. talk water overall very the but for is really gives monetize like capacity, direct translates that ability which available, commercial a in capacity, it us are that the Again, of to
XX% at a we're are, And how only we so about built built. look you when take
about have pedal under that that's under of delivery. We and XX% construction
seeing in and So lot have we for we're demand really of -- left tremendous a there, capacity that. we're
of our we're into that to working with are we've market try meet that them translates these out to market. more they homebuilders buyers to for construction to that.
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to grow Sky XXX them, with even we'll and at and portfolio a XXX great Ranch. than to more relationship that's continue So possibly that
of is looking So, for rentals. the trajectory single-family where that's kind on our
our Just well doing continued line want as The punch here. cash with to as emphasize great margins, is company the flow.
look you gross margins. at So, XX%
Our assets with If I with equally disconnect, and know are growth our performance, there to the just growth, disconnect return we be just a disconnect a are anything, terrific continued, look and you continuing seems I And invest. as our our our do at asset all price. our our on our between outlook a seems outlook to because performance. take share looks asset been given all where appreciations frustrated to it be terrific, to where continue have just and
we're continues to doing program. disappointing repurchase with into So, lead and stock bit what that's a our
So, be in we market. the continue to
buy We week. each to stock continue
program do We that, our weakening have continue have and share so. repurchase standing to to we'll of of with the and orders continue advantage the take with accelerated price that to
we've here. segments. in continue of we its to optimistic repurchases. So were perform weakness. to that the We is focus -- going XX,XXX little on more as a continue But aggressive each And of to we're through weeks quarter fourth continues or XX,XXX you to very month market first first assets our couple see bit value our and been to we're within of business the the demonstrate in in continuing that our what to share quarter be that build
retired is company, we and the asset and the really welcome If had time. you Peter look really the as to tenureship bringing her value hit tremendous running tremendous every forward Board on we and and ground each for the She's a partner well. a experience, Sue KPMG, from want to tremendous Member, our She has welcome a Chair to retiring Heitmann Board Board. Director, newest Audit Howell, is
to a more I'll and And enough. be questions, you covered drill back happy So provide something down some just if to I little bit more I'd have color guys I quickly got with specific Holly. that, identify there it something was I if over than that too didn't or turn guess
over you, Holly. it So, to I'll turn back
