M&A - Dream Finders Homes, Inc.

Form Type: 10-Q

Filing Date: 2025-05-06

Corporate Action: Acquisition

Type: New

Accession Number: 000182508825000031

Filing Summary: Dream Finders Homes, Inc. reported financial results for the period ending March 31, 2025. The total revenues increased to $989,871 compared to $827,800 in the same period of the previous year. Homebuilding revenues were a significant contributor, totaling $970,108. The net income attributable to Dream Finders Homes was $54,903, slightly up from $54,494 from the previous year. The balance sheet showed total assets of $3,487,992, primarily driven by inventories and cash equivalents. Notably, the company completed the acquisition of Liberty Communities on January 23, 2025, which is expected to enhance its market position in the homebuilding sector. This acquisition was mentioned as a strategic move to expand operations and resources. The management also highlighted an increase in construction lines of credit, which stood at $999,599, indicating robust ongoing projects. Cash flows from operating activities reflected a net cash usage of $44,711, alongside significant cash flows from financing activities at $168,578, suggesting active capital management amidst growing operations.

Form Type: 8-K

Filing Date: 2025-04-21

Corporate Action: Acquisition

Type: New

Accession Number: 000182508825000023

Filing Summary: On April 21, 2025, Dream Finders Homes, Inc. announced the closing of its acquisition of Alliant National Title Insurance Company, Inc., based in Colorado, along with a related affiliate. The acquisition expands Dream Finders' operations in the title insurance sector. The announcement was communicated through a press release, referenced herein as Exhibit 99.1.

Form Type: DEF 14A

Filing Date: 2025-04-17

Corporate Action: Acquisition

Type: New

Accession Number: 000182508825000019

Filing Summary: Dream Finders Homes, Inc. reported its successful 2024 operations with an 18% revenue growth reaching $4.4 billion, driven by the delivery of 8,583 homes, a 17% increase from the previous year. The company's pretax income was $438 million, with net income at $335 million and earnings per share at $3.44, marking all-time highs. They attribute part of this success to their acquisitions of Crescent Homes and Jet HomeLoans in 2024, which contributed $470 million and $35 million to revenue, respectively. For future growth, the company is integrating its January 2025 acquisition of Liberty Communities to strengthen its market presence in Atlanta and Greenville, while also exploring additional organic and inorganic growth opportunities. The upcoming 2025 Annual Meeting is scheduled for June 9, 2025, where stockholders will vote on key proposals including the election of directors, appointment of auditors, and an advisory vote on executive compensation.

Form Type: 10-K

Filing Date: 2025-02-25

Corporate Action: Acquisition

Type: Update

Accession Number: 000182508825000014

Filing Summary: Dream Finders Homes, Inc. is engaged in designing, building, and selling homes primarily in high-growth markets using an asset-light lot acquisition strategy. The company has closed over 38,000 homes since starting operations in 2009 and has recorded profitability each year since inception. The report outlines the company's market presence expanding significantly with various acquisitions: in early 2024, it acquired majority homebuilding assets from Crescent Ventures, LLC, followed by the similar acquisition from Liberty Communities, LLC in January 2025. These acquisitions support Dream Finders' aggressive growth strategy across multiple states including recent entries into markets such as Atlanta, Georgia. The company's homebuilding operations are segment-focused, categorized into Southeast, Mid-Atlantic, Midwest, and Financial Services. The report also emphasizes the effectiveness of its asset-light strategy to minimize financial risk by avoiding significant capital expenditures associated with land ownership. Detailed financial statements and various operational aspects are provided, reflecting the company's robust performance amidst a competitive real estate market.

Form Type: 8-K

Filing Date: 2025-01-23

Corporate Action: Acquisition

Type: New

Accession Number: 000182508825000005

Filing Summary: On January 23, 2025, Dream Finders Homes, Inc. announced the completion of its acquisition of the majority of homebuilding assets from Liberty Communities, LLC. Liberty Communities is a privately-held homebuilder focused in the markets of Atlanta, Georgia and Greenville, South Carolina. A press release detailing this acquisition was issued and included as Exhibit 99.1 in the report. The document confirms that this information is not to be considered filed under the Exchange Act and is not subject to liabilities therein.