07:26 AM EST, 03/06/2025 (MT Newswires) -- Genesis Land Development ( GNLAF ) reported overnight Wednesday an increase in net earnings in the fourth quarter.

The company booked attributable net earnings of $12.6 million, or $0.22 per share, for the three months ended Dec. 31, rising from $8.1 million, or $0.15 per share.

Revenue jumped to $104.6 million from $71.6 million. Total residential lots sold climbed to 157 units from 95 units while homes sold was up to 107 units from 86 units.

Despite ongoing economic pressures on consumers, Genesis said home prices continue to move higher due to the low supply of homes for sale. The company also noted strong housing demand from increasing population levels.