Elliot Knight

Geoffrey Scott

Tucker Andersen

Greg Malachowski

Greg Vennett

John Rosenberg

- Pure Cycle Corporation highlighted its three primary business segments: water and wastewater provision, land development, and single-family rentals, emphasizing its **$14.5 million cost basis** in water rights that can serve approximately **60,000 single-family residential units**.  **[276720_2162737_1]** **[276720_2162737_2]** 
- The company's land development efforts are centered on the **Sky Ranch project**, which is planned for **3,200 single-family units** and **2 million square feet of commercial space**, with **1,000 lots delivered to date** and an estimated **over $600 million in net margin potential** from current inventory over the next 5-6 years.  **[276720_2162737_3]** **[276720_2162737_4]** 
- Pure Cycle maintains a robust financial position with approximately **$60 million in total liquidity** and minimal debt of about **$7 million**, and is actively engaged in **share repurchases**.  **[276720_2162737_2]** **[276720_2162737_5]** 
- The company forecasts significant growth, expecting customer accounts to increase to **2,500-3,000** over the next 3-5 years and aiming to expand its single-family rental portfolio to **200-300 homes**.  **[276720_2162737_5]**

PURE CYCLE (PCYO)