Pure Cycle ( (PCYO) ) has shared an announcement.
Pure Cycle Corporation showcased impressive financial growth in 2024, reporting a 147% increase in net income to $11.6 million and a 153% rise in earnings per share compared to 2023. The company’s development activities, particularly in the Sky Ranch Master Planned Community, drove a 135% surge in lot sales revenue. With substantial progress in various development phases, Pure Cycle is set to expand its operations, delivering numerous lots to homebuilders and boosting its single-family rental segment. This financial success reflects strategic development and robust demand in the real estate and water resource sectors.
See more insights into PCYO stock on TipRanks’ Stock Analysis page.
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