Sign in

    Elliot Knight • Knight Advisors

    Elliot Knight's questions to Pure Cycle Corp (PCYO) leadership

    Elliot Knight's questions to Pure Cycle Corp (PCYO) leadership • Q3 2025

    Question

    Elliot Knight of Knight & Associates inquired about the development status of Pure Cycle's reservoir sites, the water source for an adjacent parcel now under development, and the progress on a specific water rights application mentioned in SEC filings.

    Answer

    President, CEO & Director Mark Harding explained that the reservoir sites are long-range assets tied to future partnerships and the full build-out to serve 60,000 residential units, with no immediate development started. He clarified the adjacent parcel is served by the city of Aurora, as it was annexed years ago. Regarding the water rights application, Harding stated that while the initial complex exchange was not approved, negotiations with opposing parties are ongoing to find a resolution, describing it as a 'work in progress'.

    Ask Fintool Equity Research AI

    Elliot Knight's questions to Pure Cycle Corp (PCYO) leadership • Q3 2024

    Question

    Elliot Knight requested an explanation for the 'legislative support' bullet point mentioned in the presentation slide concerning the Metro Denver real estate shortage.

    Answer

    Executive Mark Harding explained that 'legislative support' refers to efforts by the Colorado legislature to address the state's housing affordability crisis. This includes measures to reform construction defect laws, which have historically discouraged condominium and townhome development, and to encourage higher-density projects to increase the supply of entry-level homes.

    Ask Fintool Equity Research AI