Pure Cycle Corporation Announces Three and Six Months Ended February 28, 2021 Earnings Call

DENVER, CO / ACCESSWIRE / March 18, 2021 / Pure Cycle Corporation (NASDAQ:PCYO) announced it will release its three and six months ended February 28, 2021 financial results on April 13, 2021 and hold a conference call that day to discuss the results.

We will host a conference call on Tuesday, April 13, 2021, at 4:30PM Eastern (2:30PM Mountain) to discuss the financial results and answer questions. Call details are presented below. We will post a detailed slide presentation, which provides an overview of Pure Cycle and presents summary financial results on our website which can be accessed at www.purecyclewater.com.

Q2 2021 EARNINGS CALL

When: 4:30PM Eastern (2:30PM Mountain) on April 13, 2021

Call in number: 877-407-8033 (no pass codes required)

International call in number: 201-689-8033 (no pass codes required)

Replay available until: April 27, 2021 at 4:30PM ET

Replay call in number: 877-481-4010 | 919-882-2331 #40469

Event link: https://www.webcaster4.com/Webcast/Page/2247/40469

Company Information

Pure Cycle is a diversified water resource and land development company. At our core we are an innovative and vertically integrated wholesale water and wastewater service provider which also develops land we own into master planned communities, to which we will continue to provide water and wastewater services as well as operate long-term build-to-rent properties.

Additional information including our recent press releases and SEC filings are available at www.purecyclewater.com, or you may contact our President, Mark W. Harding, or our CFO, Kevin B. McNeill, at 303-292-3456 or at [email protected].

Pure Cycle Corporation to Present at the Lytham Partners Investment Conference

DENVER, CO / ACCESSWIRE / March 17, 2021 / Pure Cycle Corporation (NASDAQ:PCYO) announced today that its President and CEO, Mr. Mark W. Harding, will be presenting at the 2021 Lytham Partners Investor Conference Series to be held virtually March 30 and 31, 2021. Mr. Harding will present a thirty-minute overview of Pure Cycle to the general conference attendees and will host smaller group breakouts following the presentation.

The presentation materials will be available on Pure Cycle’s website at www.purecyclewater.com following the conclusion of the conference, additional conference details are available at https://lythampartners.com/virtual/spring2021/.

Company Information

Pure Cycle is a diversified land and water resource development company. At our core we are an innovative and vertically integrated wholesale water and wastewater service provider that, in addition to developing wholesale water and wastewater resources, also develops master planned communities to which we provide water and wastewater services.

Additional information, including our recent press releases and SEC filings are available at www.purecyclewater.com, or you may contact our President, Mark W. Harding, or our CFO, Kevin B. McNeill, at 303-292-3456 or at [email protected]. Be sure to follow Pure Cycle on Twitter @purecyclecorp.

Pure Cycle Corporation To Build Single-Family Homes for Long-Term Rental

DENVER, CO / ACCESSWIRE / March 11, 2021 / Pure Cycle Corporation (NASDAQ:PCYO) announced today it is entering the single-family residential home rental market with the launch of its Build-to-Rent (“BTR”) segment.

“We are excited to announce our entry into the rapidly expanding BTR market with our initial BTR homes to be located at the popular Sky Ranch Master Planned Community,” stated Mark Harding, President and CEO. “We continue to leverage our highly appreciated land and water assets and expand on our development success at Sky Ranch to improve shareholder returns through the growing BTR market” continued Mr. Harding. “With a land basis of approximately $1,000 per lot, a water basis at approximately $10,000 per tap, and access to inexpensive capital in the 3.75% range, we are utilizing our assets to significantly strengthen our balance sheet and materially improve recurring revenues. Our water and wastewater resource development segment produces some of the longest-lived recurring revenue customers of any business, generating on average $1,500 per year per single-family home. Adding houses for rent leverages our land and water assets to produce an average estimated annual rental revenue stream of approximately $33,000 per home, which produces a revenue stream significantly higher than our current recurring revenue from just our utility segment per home. Perhaps the most attractive part of this expansion is it will not compromise our highly liquid balance sheet as the cost of each home can be funded with inexpensive capital, which will materially enhance our balance sheet and earnings per share” stated Mr. Harding.

Pure Cycle began construction on the initial BTR units through a fixed price construction contract with an experienced home builder. The BTR launch consists of three single-family detached homes at Sky Ranch (see map included in the presentation located on our website as described below). Pure Cycle expects the homes to be complete and available for long-term rentals in the fall of 2021. This new segment offers Pure Cycle the ability to participate in this growing business for years to come, providing stable long-term continuous cash flows, recurring revenue, significant asset appreciation, and income diversification. “The growth in the single-family rental market continues to exceed expectations, and we have received strong interest from our national home builders to fee build homes on our reserved lots at Sky Ranch, which reduces both our risk of delivering homes at a fixed price as well as allowing our builders to do what they do best – building high quality homes” concluded Mr. Harding.

Pure Cycle plans to build, own, and lease more than 100 homes in the first two development phases of Sky Ranch. Three homes are currently under construction and Pure Cycle reserved an additional 100+ lots in next phase of Sky Ranch for BTR units. Pure Cycle started the second phase of development at Sky Ranch in February 2021, which includes nearly 900 lots in total, of which almost 800 lots were sold to home builders. Pure Cycle expects to start delivering lots in this second phase in the winter of 2021.

For a more in-depth analysis of this new BTR segment, please look for the BTR Presentation on our website at www.purecyclewater.com.

Company Information

Pure Cycle is a diversified land and water resource development company. At our core we are an innovative and vertically integrated wholesale water and wastewater service provider that, in addition to developing wholesale water and wastewater resources, also develops master planned communities to which we provide water and wastewater services.

Additional information, including recent press releases and SEC filings are available at www.purecyclewater.com, or you may contact our President, Mark W. Harding, or our CFO, Kevin B. McNeill, at 303-292-3456 or at [email protected]. Be sure to follow us on Twitter at @PureCycleCorp.

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements are all statements, other than statements of historical facts, included in this press release that address activities, events or developments that we expect or anticipate will or may occur in the future. The words “anticipate,” “likely,” “may,” “should,” “could,” “will,” “believe,” “estimate,” “expect,” “plan,” “intend” and similar expressions are intended to identify forward-looking statements. Investors are cautioned that forward-looking statements are inherently uncertain and involve risks and uncertainties that could cause actual results to differ materially from the amounts included above. Factors that could cause actual results to differ from projected results include, without limitation: home mortgage interest rates; home rental rates; water and wastewater usage rates; number of units to be sold or leased and other factors impacting the housing market and home sales; the risk factors discussed in Part I, Item 1A of our most recent Annual Report on Form 10-K for the fiscal year ended August 31, 2020; and those factors discussed from time to time in our press releases, public statements and documents filed or furnished with the U.S. Securities and Exchange Commission. Except as required by law, we disclaim any obligation to update publicly any forward-looking statements, whether because of new information, future events or otherwise.

 

Pure Cycle Corporation to present at Sidoti & Company Virtual Investor Conference

DENVER, CO / ACCESSWIRE / March 10, 2021 / Pure Cycle Corporation (NASDAQ:PCYO) announced today that Mr. Mark W. Harding, President and CEO of Pure Cycle, will be presenting at the Sidoti & Company Virtual Investor Conference to be held March 24-25, 2021. Mr. Harding will present a thirty-minute overview of Pure Cycle to the general conference attendees, followed by smaller group breakout sessions. The Sidoti Virtual Investor Conference provides a focused and facilitated interaction between companies and investors, bringing together over 100 presenters, 650 investor groups and thousands of one-on-one meetings over two days.

Presentation materials will be available on the Pure Cycle website at www.purecyclewater.com following the conclusion of the conference. Conference details are available on the Sidoti website at https://sidoticonference.com/virtual.

Company Information

Pure Cycle is a diversified land and water resource development company. At our core we are an innovative and vertically integrated wholesale water and wastewater service provider that, in addition to developing wholesale water and wastewater resources, also develops master planned communities to which we provide water and wastewater services.

Additional information, including our recent press releases and SEC filings are available at www.purecyclewater.com, or you may contact our President, Mark W. Harding, or our CFO, Kevin B. McNeill, at 303-292-3456 or at [email protected]. Be sure to follow us on Twitter @PureCycleCorp.

SOURCE: Pure Cycle Corporation

View source version on accesswire.com: https://www.accesswire.com/634729/Pure-Cycle-Corporation-to-present-at-Sidoti-Company-Virtual-Investor-Conference

Pure Cycle Corporation Announces Approval of Charter School Application at Sky Ranch

DENVER, CO / ACCESSWIRE / March 2, 2021 / Pure Cycle Corporation (NASDAQ:PCYO) is excited to announce the Sky Ranch Academy has received approval for a new Charter School which will be located in the Sky Ranch Master Planned Community.

“We could not be more pleased to be partnering with the Bennett School District in bringing a new, non tax-based school to our Sky Ranch Development”, commented Mark Harding, President and CEO of Pure Cycle. “The Bennett School District has worked tirelessly with Pure Cycle and National Heritage Academy to provide this amazing opportunity to further the education of students in the District at Sky Ranch,” continued Mr. Harding.

Sky Ranch Academy was formed in late 2020 for the purposes of partnering with the Bennett School District 29J (“District”) in support of a new K-12 Charter School located at Sky Ranch. Sky Ranch Academy has partnered with National Heritage Academy (www.nhaschools.com) to operate the charter. NHA brings over 25 years of experience providing educational services at 90 schools in nine states, educating more than 60,000 students including four other schools in Colorado.

The Sky Ranch Academy will be located in the growing master planned community of Sky Ranch, which is located in the booming I-70 corridor east of Denver. Lot grading for the second phase of Sky Ranch is currently underway which will include nearly 900 new homes located within the District.

“As Pure Cycle continues to develop Sky Ranch, we are focused on what transforms a development into a community, including a well-executed master plan design, amenities, and high-quality education from local schools which will continue to ensure Sky Ranch’s success. Bringing a nationally recognized and experienced charter school operator to Sky Ranch culminates more than 3 years of collaborative work with the Bennett Superintendent, Chief Financial Officer, and the dedicated members of the Bennett School Board,” stated Mr. Harding. “We believe this will be a cornerstone asset to the Sky Ranch community with a neighborhood school serving District residents at Sky Ranch,” concluded Mr. Harding.

Sky Ranch is one of the Denver Metropolitan Area’s fastest growing, most affordable Master Planned Communities with a portfolio of national home builders including KB Home, Richmond American, Taylor Morrison, Lennar, DR Horton, and Challenger Home. With 3,500 homes and more than 2 million square feet of commercial, retail, and industrial spaces, Sky Ranch will continue to influence the landscape of the Denver I-70 corridor.

Company Information

Pure Cycle is a diversified land and water resource development company. At our core we are an innovative and vertically integrated wholesale water and wastewater service provider that, in addition to developing wholesale water and wastewater resources, also develops master planned communities to which we provide water and wastewater services.

Additional information, including our recent press releases and SEC filings are available at www.purecyclewater.com, or you may contact our President, Mark W. Harding, or our CFO, Kevin B. McNeill, at 303-292-3456 or at [email protected].

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements are all statements, other than statements of historical facts, included in this press release that address activities, events or developments that we expect or anticipate will or may occur in the future. The words “anticipate,” “likely,” “may,” “should,” “could,” “will,” “believe,” “estimate,” “expect,” “plan,” “intend” and similar expressions are intended to identify forward-looking statements. Investors are cautioned that forward-looking statements are inherently uncertain and involve risks and uncertainties that could cause actual results to differ materially. Factors that could cause actual results to differ from projected results include, without limitation: the timing of oil and natural gas development in the areas where we sell our water; the market price of oil and natural gas; weather; home mortgage interest rates and other factors impacting the housing market and home sales; market conditions for debt offerings; the risk factors discussed in Part I, Item 1A of our most recent Annual Report on Form 10-K for the fiscal year ended August 31, 2020; and those factors discussed from time to time in our press releases, public statement and documents filed or furnished with the U.S. Securities and Exchange Commission. Except as required by law, we disclaim any obligation to update publicly any forward-looking statements, whether as a result of new information, future events or otherwise.

Pure Cycle Corporation Announces Changes to Builders for Second Phase of Development at Sky Ranch and announces Launch of Twitter Account

DENVER, CO / ACCESSWIRE / February 22, 2021 / Pure Cycle Corporation (NASDAQ:PCYO) announced today that it has entered into a new agreement with Lennar Homes to build 218 detached homes and townhomes in the second development phase at Sky Ranch. Lennar will be taking the lots that were under contract with Meritage Homes, as Pure Cycle and Meritage have agreed to terminate the Meritage contract.

In November 2020, Pure Cycle announced it entered into agreements for the sale of residential lots in the second phase of the Sky Ranch Master Planned Community. Today, Pure Cycle announces that Meritage Homes will not be moving forward with its planned participation in the second development phase. Due to the success of the first phase at Sky Ranch, which is nearly sold out, Pure Cycle and Lennar were able to quickly come to terms on Lennar’s participation in the Sky Ranch development, and Pure Cycle is pleased to add one of the nation’s largest home builders to the project.

The second phase construction schedule of Sky Ranch is not expected to be altered due to the builder change and the overall budget and number of units offered also did not change. Pure Cycle has its grading permits, and its grading contractor is mobilizing on the site this week to begin construction for lot deliveries this fall. “Although we were disappointed that we will not be working with Meritage in this next development phase, we are thrilled to welcome Lennar Homes to the Sky Ranch family!” commented Mark W. Harding, President of Pure Cycle. “Lennar is one of the nation’s leading home builders and we are excited to announce they will be joining the distinguished list of KB Home, DR Horton (Melody Homes) and Challenger Homes to bring the next generation of homes to the popular Sky Ranch community,” concluded Mr. Harding.

Additionally, Pure Cycle is officially announcing its Twitter Account @PureCycleCorp. Pure Cycle announces material information to the public about its services and other matters through a variety of means, including press releases issued by Pure Cycle posted by on NASDAQ, filings with the Securities and Exchange Commission through the SEC EDGAR Database at www.sec.gov, its website at www.purecyclewater.com, and now social media through its Twitter account (https://twitter.com/PureCycleCorp) in order to achieve broad, non-exclusionary distribution of information to the public. Pure Cycle encourages existing and potential investors, as well as other interested parties to review the information it makes public in these locations, as such information could be deemed to be material information.

Company Information

Pure Cycle is a diversified land and water resource development company. At our core we are an innovative and vertically integrated wholesale water and wastewater service provider that, in addition to developing wholesale water and wastewater resources, also develops master planned communities to which we provide water and wastewater services.

Additional information, including our recent press releases and SEC filings are available at www.purecyclewater.com, or you may contact our President, Mark W. Harding, or our CFO, Kevin B. McNeill, at 303-292-3456 or at [email protected].

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements are all statements, other than statements of historical facts, included in this press release that address activities, events or developments that we expect or anticipate will or may occur in the future. The words “anticipate,” “likely,” “may,” “should,” “could,” “will,” “believe,” “estimate,” “expect,” “plan,” “intend” and similar expressions are intended to identify forward-looking statements. Investors are cautioned that forward-looking statements are inherently uncertain and involve risks and uncertainties that could cause actual results to differ materially. Factors that could cause actual results to differ from projected results include, without limitation: the timing of oil and natural gas development in the areas where we sell our water; the market price of oil and natural gas; weather; home mortgage interest rates and other factors impacting the housing market and home sales; market conditions for debt offerings; the risk factors discussed in Part I, Item 1A of our most recent Annual Report on Form 10-K for the fiscal year ended August 31, 2020; and those factors discussed from time to time in our press releases, public statement and documents filed or furnished with the U.S. Securities and Exchange Commission. Except as required by law, we disclaim any obligation to update publicly any forward-looking statements, whether as a result of new information, future events or otherwise.

SOURCE: Pure Cycle Corp.

View source version on accesswire.com: https://www.accesswire.com/631084/Pure-Cycle-Corporation-Announces-Changes-to-Builders-for-Second-Phase-of-Development-at-Sky-Ranch-and-Announces-Launch-of-Twitter-Account