Calgary's Genesis Land Talks Big Changes and Cash for Shareholders!
Calgary's red-hot housing market continues to see big players make strategic moves, and Genesis Land Development Corp. is no exception. The local developer is reporting robust Q3 2025 revenues of $116.9 million, a healthy jump from $93.1 million in Q3 2024. This surge comes as Calgary continues to experience significant population growth, driving an intense demand for new homes across the city.
While year-to-date 2025 net earnings attributable to equity shareholders saw a dip to $21.3 million from $27.0 million last year, Genesis is rewarding its investors with a special dividend of $0.11 per share, totaling $6.2 million, payable on November 28, 2025.
The company is strategically addressing Calgary's ongoing challenges, such as the persistent skilled labour shortages plaguing the construction industry. By actively acquiring and developing new lands, Genesis is poised to meet the city's housing needs. Their impressive sale of 318 lots this past quarter, a 48% increase from Q3 2024, underscores the continued appetite for development in our growing city. This aligns with trends showing that despite a shift towards more balanced market conditions, demand, especially for new builds, remains high.
