| Market Capitalization (Millions $) |
- |
| Shares
Outstanding (Millions) |
16 |
| Employees |
64 |
| Revenues (TTM) (Millions $) |
118 |
| Net Income (TTM) (Millions $) |
-13 |
| Cash Flow (TTM) (Millions $) |
37 |
| Capital Exp. (TTM) (Millions $) |
17 |
Business Description
Homefed Corporation is a California-based company involved in real estate development, investment, and operations. The company was founded in 1988 and has its headquarters in Carlsbad, California. Initially, Homefed was a wholly-owned subsidiary of HomeFed Bank, FSB, but in January 2019, it was spun off and became an independent publicly-traded company.
Homefed engages in various activities related to real estate, including acquiring, developing, managing and investing in residential, commercial, and industrial properties across the United States. The company's primary focus is on acquiring and developing properties in California and Nevada.
Residential Properties - Homefed develops and manages residential properties such as homes, apartments, and condominiums. They also acquire existing residential properties that they rehabilitate and then resell.
Commercial Properties - Homefed invests in and manages commercial properties such as shopping centers, office buildings, and industrial parks. The company looks for properties that are well-located, well-constructed, and long-term income generators.
Investment Properties - Homefed also invests in real estate-related assets such as mortgage loans, debt, and equity securities. These investments complement the company's core development and property management activities.
In addition, Homefed has an extensive land bank, owning a significant number of land parcels in California and Nevada suitable for development. The company is always on the lookout for suitable land parcels, preferably in growing markets, to add to its existing land bank.
Homefed is renowned for its discipline in identifying investments that can generate long-term value for its shareholders. The company has an experienced management team and a seasoned board of directors with a good understanding of the real estate industry.
In conclusion, Homefed Corporation is an established player in the real estate industry, whose primary activities focus on developing, managing, acquiring, and investing in residential, commercial, and industrial properties. The company has a strong reputation and experienced management team, which enables it to deliver long-term value to its shareholders.
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