Tranche Update on Tri Pointe Homes, Inc.'s Equity Buyback Plan announced on November 11, 2020.
April 21, 2022 at 05:02 pm EDT
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From January 1, 2022 to March 31, 2022, the company has repurchased 5,295,236 shares, representing 4.83% for $123.11 million. With this, the company has completed the repurchase of 21,131,532 shares, representing 18.14% for $448.22 million under the buyback announced on November 11, 2020.
Tri Pointe Homes, Inc. operates as a homebuilder, which is engaged in the design, construction, and sale of single-family attached and detached homes. It offers its services across ten states, including Arizona, California, Colorado, Maryland, Nevada, North Carolina, South Carolina, Texas, Virginia and Washington, and the District of Columbia. The Company operates through two businesses: homebuilding and financial services. Its three homebuilding segments include West Region, which includes Arizona, California, Nevada, and Washington; Central Region, which includes Colorado and Texas, and East Region, which includes the District of Columbia, Maryland, North Carolina, South Carolina, and Virginia. Its Tri Pointe Solutions financial services operation comprises its Tri Pointe Connect mortgage financing operations, its Tri Pointe Assurance title and escrow services operations, and its Tri Pointe Advantage property and casualty insurance agency operations.