Latest news with #MichaelMcCann
Yahoo
09-05-2025
- Business
- Yahoo
LMB Q1 Earnings Call: Owner Direct Strategy Drives Outperformance and Margin Expansion
Building systems company Limbach (NASDAQ:LMB) reported Q1 CY2025 results beating Wall Street's revenue expectations , with sales up 11.9% year on year to $133.1 million. The company's full-year revenue guidance of $620 million at the midpoint came in 1.4% above analysts' estimates. Its non-GAAP profit of $1.12 per share was significantly above analysts' consensus estimates. Is now the time to buy LMB? Find out in our full research report (it's free). Revenue: $133.1 million vs analyst estimates of $121.1 million (11.9% year-on-year growth, 10% beat) Adjusted EPS: $1.12 vs analyst estimates of $0.43 (significant beat) Adjusted EBITDA: $14.87 million vs analyst estimates of $10.34 million (11.2% margin, 43.8% beat) The company reconfirmed its revenue guidance for the full year of $620 million at the midpoint EBITDA guidance for the full year is $80 million at the midpoint, above analyst estimates of $78.6 million Operating Margin: 6.3%, in line with the same quarter last year Free Cash Flow was $11,000, up from -$6.49 million in the same quarter last year Market Capitalization: $1.39 billion Limbach's first quarter results were shaped by the continued shift toward its owner direct relationships (ODR) model, which now accounts for nearly 68% of total revenue. Management attributed improved profitability to this mix shift, emphasizing that investments in sales personnel and selective project bidding have yielded higher gross margins, particularly in the ODR segment. CEO Michael McCann highlighted that 'our unique ODR model is designed to withstand macroeconomic cycles and headwinds,' with healthcare remaining a key source of stable demand. Looking ahead, management's full-year guidance reflects confidence in further ODR expansion, geographic growth, and sustained margin performance. McCann noted the company's intent to 'transition strategic customer relationships from a reactive to a proactive approach,' aiming to influence customer budgets and increase predictability. CFO Jayme Brooks described ongoing investment in sales and account management as critical to this strategy and pointed to a healthy M&A pipeline as a driver of both organic and inorganic growth. Limbach's management focused on the ODR segment's rapid growth and operational levers that supported the quarter's financial outperformance versus Wall Street expectations. They also discussed evolving customer dynamics, discipline in project selection, and the company's approach to acquisitions in a consolidating industry. ODR Model Expansion: The owner direct relationship (ODR) model has accelerated, now comprising 67.9% of total revenue. Management stated that ODR revenue grew 21.7% year-over-year, attributing this to deeper customer partnerships and increased recurring work. Salesforce Investment: Approximately 40 new professionals were added to the sales organization, representing about a third of the team. These hires, including account executives focused on capital expenditure projects, are expected to drive future ODR penetration. Healthcare Market Focus: The healthcare vertical remains a strategic priority due to its stability and ongoing deferred maintenance needs. Management described a 'slow ramp up' as hospitals address backlogs of infrastructure upgrades. Project Selectivity and Margins: The company intentionally reduced GCR (general contractor relationships) revenue, focusing on higher-quality, higher-margin projects. This shift contributed to a gross margin increase in the GCR segment despite lower overall revenue. Acquisition Strategy: Management reiterated a disciplined approach to M&A, preferring targets aligned with the ODR model in attractive metropolitan areas. They cited a differentiated reputation in the market, with a pipeline focused on expanding geographic reach and integrating acquired businesses onto Limbach's strategic platform. Management's outlook for the year centers on deepening ODR relationships, expanding into new geographic markets, and leveraging both organic and acquisition-led growth to drive revenue and margin improvement. ODR Penetration and Data Utilization: The company is prioritizing proactive engagement with top customers, collecting and analyzing facility data to identify and co-author new project opportunities, which management believes will improve sales predictability. Geographic Expansion: Targeted M&A and organic initiatives are aimed at entering up to 20-30 additional metropolitan statistical areas, especially where existing national customers have a presence. This is expected to accelerate market share gains. Industry Consolidation Risks: Management acknowledged increased competition from private equity-backed consolidators in the mechanical services sector but believes Limbach's owner direct focus and selective acquisition strategy mitigate margin pressures and integration risks. Rob Brown (Lake Street Capital): Asked about the healthcare market rebound and tariff-related project pull-forwards. Management described stability in healthcare and noted customer urgency in decision-making due to tariff uncertainty, helping maintain project flow. Chris Moore (CJS Securities): Inquired about the process and criteria for placing account managers with ODR clients. Management explained that account managers are added after demonstrating sufficient revenue traction and partnership potential. Gerry Sweeney (ROTH Capital Partners): Questioned the salesforce ramp and account executive roles. Management clarified that most new hires are onsite account managers, with a smaller group focused on capital projects, all requiring a ramp-up period. Brian Brophy (Stifel): Probed the significance of March's acceleration and whether it was above seasonal norms. Management attributed the uptick to both seasonal factors and the impact of new sales personnel, with expectations for ongoing ramp throughout the year. Brian Brophy (Stifel): Sought clarity on M&A cadence given private equity competition. Management maintained its preference for 2-3 acquisitions per year, emphasizing patience, fit, and strategic alignment over deal volume. In the coming quarters, our analysts will watch (1) the pace and impact of further ODR penetration as Limbach aims for 70-80% of revenue from this segment, (2) integration progress and contribution from recent and future acquisitions in targeted metropolitan areas, and (3) the ability to convert data-driven customer assessments into recurring projects, especially within healthcare and other critical facility verticals. Execution in these areas will be critical to sustaining margin expansion and revenue growth. Limbach currently trades at a forward P/E ratio of 29×. Is the company at an inflection point that warrants a buy or sell? The answer lies in our free research report. Donald Trump's victory in the 2024 U.S. Presidential Election sent major indices to all-time highs, but stocks have retraced as investors debate the health of the economy and the potential impact of tariffs. While this leaves much uncertainty around 2025, a few companies are poised for long-term gains regardless of the political or macroeconomic climate, like our Top 5 Growth Stocks for this month. This is a curated list of our High Quality stocks that have generated a market-beating return of 176% over the last five years. Stocks that made our list in 2020 include now familiar names such as Nvidia (+1,545% between March 2020 and March 2025) as well as under-the-radar businesses like the once-micro-cap company Kadant (+351% five-year return). Find your next big winner with StockStory today. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
05-05-2025
- Business
- Yahoo
Limbach (NASDAQ:LMB) Delivers Impressive Q1, Stock Soars
Building systems company Limbach (NASDAQ:LMB) reported Q1 CY2025 results exceeding the market's revenue expectations , with sales up 11.9% year on year to $133.1 million. The company's full-year revenue guidance of $620 million at the midpoint came in 1.4% above analysts' estimates. Its non-GAAP profit of $1.12 per share was significantly above analysts' consensus estimates. Is now the time to buy Limbach? Find out in our full research report. Revenue: $133.1 million vs analyst estimates of $121.1 million (11.9% year-on-year growth, 10% beat) Adjusted EPS: $1.12 vs analyst estimates of $0.43 (significant beat) Adjusted EBITDA: $14.87 million vs analyst estimates of $10.34 million (11.2% margin, 43.8% beat) The company reconfirmed its revenue guidance for the full year of $620 million at the midpoint EBITDA guidance for the full year is $80 million at the midpoint, above analyst estimates of $78.6 million Operating Margin: 5.9%, in line with the same quarter last year Free Cash Flow was $11,000, up from -$6.49 million in the same quarter last year Market Capitalization: $1.2 billion 'In the first quarter, we grew revenue, gross profit, and Adjusted EBITDA, demonstrating the scalability of our business model,' Michael McCann, President and Chief Executive Officer of Limbach, said. Established in 1901, Limbach (NASDAQ: LMB) provides integrated building systems solutions, including mechanical, electrical, and plumbing services. Examining a company's long-term performance can provide clues about its quality. Even a bad business can shine for one or two quarters, but a top-tier one grows for years. Unfortunately, Limbach struggled to consistently increase demand as its $532.9 million of sales for the trailing 12 months was close to its revenue five years ago. This wasn't a great result, but there are still things to like about Limbach. We at StockStory place the most emphasis on long-term growth, but within industrials, a half-decade historical view may miss cycles, industry trends, or a company capitalizing on catalysts such as a new contract win or a successful product line. Limbach's annualized revenue growth of 2.9% over the last two years is above its five-year trend, but we were still disappointed by the results. This quarter, Limbach reported year-on-year revenue growth of 11.9%, and its $133.1 million of revenue exceeded Wall Street's estimates by 10%. Looking ahead, sell-side analysts expect revenue to grow 16% over the next 12 months, an improvement versus the last two years. This projection is eye-popping and implies its newer products and services will catalyze better top-line performance. Software is eating the world and there is virtually no industry left that has been untouched by it. That drives increasing demand for tools helping software developers do their jobs, whether it be monitoring critical cloud infrastructure, integrating audio and video functionality, or ensuring smooth content streaming. Click here to access a free report on our 3 favorite stocks to play this generational megatrend. Limbach was profitable over the last five years but held back by its large cost base. Its average operating margin of 4.9% was weak for an industrials business. This result isn't too surprising given its low gross margin as a starting point. On the plus side, Limbach's operating margin rose by 5.2 percentage points over the last five years. This quarter, Limbach generated an operating profit margin of 5.9%, in line with the same quarter last year. This indicates the company's cost structure has recently been stable. Revenue trends explain a company's historical growth, but the long-term change in earnings per share (EPS) points to the profitability of that growth – for example, a company could inflate its sales through excessive spending on advertising and promotions. Limbach's full-year EPS flipped from negative to positive over the last five years. This is a good sign and shows it's at an inflection point. Like with revenue, we analyze EPS over a more recent period because it can provide insight into an emerging theme or development for the business. Limbach's EPS grew at an astounding 53.3% compounded annual growth rate over the last two years, higher than its 2.9% annualized revenue growth. This tells us the company became more profitable on a per-share basis as it expanded. Diving into the nuances of Limbach's earnings can give us a better understanding of its performance. While we mentioned earlier that Limbach's operating margin was flat this quarter, a two-year view shows its margin has expanded by 2 percentage points. This was the most relevant factor (aside from the revenue impact) behind its higher earnings; taxes and interest expenses can also affect EPS but don't tell us as much about a company's fundamentals. In Q1, Limbach reported EPS at $1.12, up from $0.69 in the same quarter last year. This print easily cleared analysts' estimates, and shareholders should be content with the results. Over the next 12 months, Wall Street expects Limbach's full-year EPS of $3.74 to grow 10.6%. We were impressed by how significantly Limbach blew past analysts' revenue, EPS, and EBITDA expectations this quarter. We were also excited its full-year EBITDA guidance outperformed Wall Street's estimates. Zooming out, we think this quarter featured some important positives. The stock traded up 5.9% to $109.20 immediately following the results. Indeed, Limbach had a rock-solid quarterly earnings result, but is this stock a good investment here? If you're making that decision, you should consider the bigger picture of valuation, business qualities, as well as the latest earnings. We cover that in our actionable full research report which you can read here, it's free.
Yahoo
11-04-2025
- Business
- Yahoo
Q4 Earnings Outperformers: Limbach (NASDAQ:LMB) And The Rest Of The Construction and Maintenance Services Stocks
The end of an earnings season can be a great time to discover new stocks and assess how companies are handling the current business environment. Let's take a look at how Limbach (NASDAQ:LMB) and the rest of the construction and maintenance services stocks fared in Q4. Construction and maintenance services companies not only boast technical know-how in specialized areas but also may hold special licenses and permits. Those who work in more regulated areas can enjoy more predictable revenue streams - for example, fire escapes need to be inspected every five years–. More recently, services to address energy efficiency and labor availability are also creating incremental demand. But like the broader industrials sector, construction and maintenance services companies are at the whim of economic cycles as external factors like interest rates can greatly impact the new construction that drives incremental demand for these companies' offerings. The 13 construction and maintenance services stocks we track reported a mixed Q4. As a group, revenues missed analysts' consensus estimates by 0.9% while next quarter's revenue guidance was in line. Amidst this news, share prices of the companies have had a rough stretch. On average, they are down 13.6% since the latest earnings results. Established in 1901, Limbach (NASDAQ: LMB) provides integrated building systems solutions, including mechanical, electrical, and plumbing services. Limbach reported revenues of $143.7 million, flat year on year. This print fell short of analysts' expectations by 3.8%, but it was still an exceptional quarter for the company with a solid beat of analysts' EPS estimates and an impressive beat of analysts' EBITDA estimates. 'In 2024, we produced record gross profit, record net income and record adjusted EBITDA by expanding and strengthening customer relationships in six verticals – healthcare, industrial and manufacturing, data centers, life science, higher education and cultural and entertainment,' Michael McCann, President and Chief Executive Officer of Limbach Holdings, said. Interestingly, the stock is up 12.2% since reporting and currently trades at $77.15. Is now the time to buy Limbach? Access our full analysis of the earnings results here, it's free. Founded in 2001, Construction Partners (NASDAQ:ROAD) is a civil infrastructure company that builds and maintains roads, highways, and other infrastructure projects. Construction Partners reported revenues of $561.6 million, up 41.6% year on year, outperforming analysts' expectations by 9.7%. The business had an incredible quarter with a solid beat of analysts' EPS estimates and an impressive beat of analysts' EBITDA estimates. Construction Partners achieved the biggest analyst estimates beat, fastest revenue growth, and highest full-year guidance raise among its peers. Although it had a fine quarter compared its peers, the market seems unhappy with the results as the stock is down 7.3% since reporting. It currently trades at $78.59. Is now the time to buy Construction Partners? Access our full analysis of the earnings results here, it's free. Going public via SPAC in 2018, Concrete Pumping (NASDAQ:BBCP) is a provider of concrete pumping and waste management services in the United States and the United Kingdom. Concrete Pumping reported revenues of $86.45 million, down 11.5% year on year, falling short of analysts' expectations by 4.8%. It was a disappointing quarter as it posted a significant miss of analysts' adjusted operating income estimates. As expected, the stock is down 17% since the results and currently trades at $5.02. Read our full analysis of Concrete Pumping's results here. Constructing electrical and phone lines in the American Midwest dating back to the 1890s, MYR Group (NASDAQ:MYRG) is a specialty contractor in the electrical construction industry. MYR Group reported revenues of $829.8 million, down 17.4% year on year. This number missed analysts' expectations by 6.6%. More broadly, it was a satisfactory quarter as it also logged an impressive beat of analysts' EPS estimates but a miss of analysts' backlog estimates. MYR Group had the slowest revenue growth among its peers. The stock is down 11.1% since reporting and currently trades at $111.88. Read our full, actionable report on MYR Group here, it's free. Founded as Lydon & Drews dredging company, Great Lakes Dredge & Dock (NASDAQ:GLDD) provides dredging services, land reclamation, and coastal protection projects in the United States and internationally. Great Lakes Dredge & Dock reported revenues of $202.8 million, up 11.6% year on year. This result lagged analysts' expectations by 4%. More broadly, it was actually a strong quarter as it recorded a solid beat of analysts' EPS estimates and an impressive beat of analysts' EBITDA estimates. The stock is down 21.5% since reporting and currently trades at $8.64. Read our full, actionable report on Great Lakes Dredge & Dock here, it's free. As a result of the Fed's rate hikes in 2022 and 2023, inflation has come down from frothy levels post-pandemic. The general rise in the price of goods and services is trending towards the Fed's 2% goal as of late, which is good news. The higher rates that fought inflation also didn't slow economic activity enough to catalyze a recession. So far, soft landing. This, combined with recent rate cuts (half a percent in September 2024 and a quarter percent in November 2024) have led to strong stock market performance in 2024. The icing on the cake for 2024 returns was Donald Trump's victory in the U.S. Presidential Election in early November, sending major indices to all-time highs in the week following the election. Still, debates around the health of the economy and the impact of potential tariffs and corporate tax cuts remain, leaving much uncertainty around 2025. Want to invest in winners with rock-solid fundamentals? Check out our Top 5 Quality Compounder Stocks and add them to your watchlist. These companies are poised for growth regardless of the political or macroeconomic climate. Join Paid Stock Investor Research Help us make StockStory more helpful to investors like yourself. Join our paid user research session and receive a $50 Amazon gift card for your opinions. Sign up here. Sign in to access your portfolio
Globe and Mail
14-03-2025
- Business
- Globe and Mail
Toll Brothers Apartment Living® and PGIM Real Estate Announce the Grand Opening of The Lindley, a Luxury High-Rise Community in San Diego
SAN DIEGO, March 14, 2025 (GLOBE NEWSWIRE) -- Toll Brothers Apartment Living ®, the rental subsidiary of Toll Brothers, Inc. (NYSE: TOL), the nation's leading builder of luxury homes, and joint venture partner PGIM Real Estate are pleased to announce the grand opening of The Lindley, a new 37-story high-rise apartment community in the heart of San Diego's vibrant Little Italy neighborhood. The community was financed with a construction loan facility from BNY Mellon and Wells Fargo and construction began in 2022. The Lindley welcomed its first residents in November 2024, offering an unparalleled living experience with high-end finishes, premium amenities, and breathtaking views. The Lindley's grand opening event took place yesterday, March 13, 2025, including a ribbon cutting with development partners as well as a reception for current and future residents. 'The Lindley represents our continued commitment to developing luxury rental communities in the most sought-after locations,' said John McCullough, President of Toll Brothers Apartment Living. 'We are thrilled to introduce this exceptional new high-rise to San Diego, providing modern renters with a living experience that blends contemporary design, upscale amenities, and easy accessibility to the best the city has to offer.' Located at 1331 Columbia Street in San Diego, California, The Lindley features an elevated collection of studio, one-bedroom, and two-bedroom apartment homes, as well as penthouses. Each residence is designed with premium features, including floor-to-ceiling windows with designer roller shades, custom cabinetry with undermount lighting, quartz countertops, stainless steel appliances, oversized closets with custom organizers, and smart home technology, including smart thermostats and keyless entry. All residences include a private balcony, many with expansive views of San Diego Bay and the downtown skyline. 'The Lindley sets a new standard in the San Diego market, with its best-in-class amenities, stunning views, and prime location in Little Italy,' said Michael McCann, Managing Director of Toll Brothers Apartment Living in the West region. 'These luxury offerings, paired with proximity to the city's top dining and cultural attractions, help residents at The Lindley craft their unique cosmopolitan lifestyle.' Residents can enjoy resort-inspired amenities, including a resort-style pool and spa with cabanas; a sky lounge with a grand piano and an outdoor deck with a bar and patio seating; a billiards and card room with a wine bar; a coworking suite with private and shared spaces; a pet spa and outdoor pet park; and a concierge. The Lindley also offers a collection of wellness-focused amenities, including a state-of-the-art indoor/outdoor fitness center with a refreshment bar, a cold plunge, a sauna, private massage rooms, and studios for yoga, Pilates, and meditation. The community is LEED Gold Certified and offers options for environmentally friendly commutes, including electric vehicle charging stations and access-controlled bike storage. Situated in San Diego's Little Italy neighborhood, The Lindley is steps from award-winning restaurants, waterfront parks, boutique shopping, and major employment hubs. Its pedestrian-friendly location provides an urban oasis with easy access to downtown, the Gaslamp Quarter, and the scenic Embarcadero. The Lindley also offers 10,565 square feet of ground-floor retail space, further enhancing the neighborhood offerings. The Lindley is Toll Brothers Apartment Living's first multifamily community in San Diego and third in California, after Rafferty in Santa Ana and Cameo in Orange, which was sold in 2021. For more information about The Lindley, visit ABOUT TOLL BROTHERS APARTMENT LIVING ® Toll Brothers Apartment Living ® is the apartment development division of Toll Brothers, Inc. (NYSE: TOL), an award-winning Fortune 500 company, and the nation's leading builder of luxury homes. Toll Brothers Apartment Living brings the same quality, luxury, and service for which Toll Brothers is known to its exceptional rental and mixed-use communities in select markets, including Atlanta, Boston, Dallas, Los Angeles, New York, Philadelphia, Phoenix, and Washington, DC. Toll Brothers Apartment Living communities combine the energy of vibrant locations with unparalleled amenities, resident services, design, and the expertise of America's Luxury Home Builder ®. In 2024, Toll Brothers Apartment Living was named to the National Multifamily Housing Council's Top 25 Largest Developers list, the fifth year it has been so recognized. The firm has completed over 10,000 units nationally, with more than 18,000 units in production. For more information visit ABOUT TOLL BROTHERS Toll Brothers, Inc., a Fortune 500 Company, is the nation's leading builder of luxury homes. The Company was founded 58 years ago in 1967 and became a public company in 1986. Its common stock is listed on the New York Stock Exchange under the symbol 'TOL.' The Company serves first-time, move-up, empty-nester, active-adult, and second-home buyers, as well as urban and suburban renters. Toll Brothers builds in over 60 markets in 24 states: Arizona, California, Colorado, Connecticut, Delaware, Florida, Georgia, Idaho, Indiana, Maryland, Massachusetts, Michigan, Nevada, New Jersey, New York, North Carolina, Oregon, Pennsylvania, South Carolina, Tennessee, Texas, Utah, Virginia, and Washington, as well as in the District of Columbia. The Company operates its own architectural, engineering, mortgage, title, land development, smart home technology, and landscape subsidiaries. The Company also develops master-planned and golf course communities as well as operates its own lumber distribution, house component assembly, and manufacturing operations. Toll Brothers has been one of Fortune magazine's World's Most Admired Companies™ for 10+ years in a row, and in 2024 the Company's Chairman and CEO Douglas C. Yearley, Jr. was named one of 25 Top CEOs by Barron's magazine. Toll Brothers has also been named Builder of the Year by Builder magazine and is the first two-time recipient of Builder of the Year from Professional Builder magazine. For more information visit From Fortune, ©2025 Fortune Media IP Limited. All rights reserved. Used under license. Contact: Andrea Meck | Toll Brothers, Senior Director, Public Relations & Social Media | 215-938-8169 | ameck@ Photos accompanying this announcement are available at
Yahoo
14-03-2025
- Business
- Yahoo
Toll Brothers Apartment Living® and PGIM Real Estate Announce the Grand Opening of The Lindley, a Luxury High-Rise Community in San Diego
The new community brings unrivaled urban living to Little Italy, offering 362 apartment homes and penthouse residences SAN DIEGO, March 14, 2025 (GLOBE NEWSWIRE) -- Toll Brothers Apartment Living®, the rental subsidiary of Toll Brothers, Inc. (NYSE: TOL), the nation's leading builder of luxury homes, and joint venture partner PGIM Real Estate are pleased to announce the grand opening of The Lindley, a new 37-story high-rise apartment community in the heart of San Diego's vibrant Little Italy neighborhood. The community was financed with a construction loan facility from BNY Mellon and Wells Fargo and construction began in 2022. The Lindley welcomed its first residents in November 2024, offering an unparalleled living experience with high-end finishes, premium amenities, and breathtaking views. The Lindley's grand opening event took place yesterday, March 13, 2025, including a ribbon cutting with development partners as well as a reception for current and future residents.'The Lindley represents our continued commitment to developing luxury rental communities in the most sought-after locations,' said John McCullough, President of Toll Brothers Apartment Living. 'We are thrilled to introduce this exceptional new high-rise to San Diego, providing modern renters with a living experience that blends contemporary design, upscale amenities, and easy accessibility to the best the city has to offer.' Located at 1331 Columbia Street in San Diego, California, The Lindley features an elevated collection of studio, one-bedroom, and two-bedroom apartment homes, as well as penthouses. Each residence is designed with premium features, including floor-to-ceiling windows with designer roller shades, custom cabinetry with undermount lighting, quartz countertops, stainless steel appliances, oversized closets with custom organizers, and smart home technology, including smart thermostats and keyless entry. All residences include a private balcony, many with expansive views of San Diego Bay and the downtown skyline. 'The Lindley sets a new standard in the San Diego market, with its best-in-class amenities, stunning views, and prime location in Little Italy,' said Michael McCann, Managing Director of Toll Brothers Apartment Living in the West region. 'These luxury offerings, paired with proximity to the city's top dining and cultural attractions, help residents at The Lindley craft their unique cosmopolitan lifestyle.'Residents can enjoy resort-inspired amenities, including a resort-style pool and spa with cabanas; a sky lounge with a grand piano and an outdoor deck with a bar and patio seating; a billiards and card room with a wine bar; a coworking suite with private and shared spaces; a pet spa and outdoor pet park; and a concierge. The Lindley also offers a collection of wellness-focused amenities, including a state-of-the-art indoor/outdoor fitness center with a refreshment bar, a cold plunge, a sauna, private massage rooms, and studios for yoga, Pilates, and meditation. The community is LEED Gold Certified and offers options for environmentally friendly commutes, including electric vehicle charging stations and access-controlled bike storage. Situated in San Diego's Little Italy neighborhood, The Lindley is steps from award-winning restaurants, waterfront parks, boutique shopping, and major employment hubs. Its pedestrian-friendly location provides an urban oasis with easy access to downtown, the Gaslamp Quarter, and the scenic Embarcadero. The Lindley also offers 10,565 square feet of ground-floor retail space, further enhancing the neighborhood offerings. The Lindley is Toll Brothers Apartment Living's first multifamily community in San Diego and third in California, after Rafferty in Santa Ana and Cameo in Orange, which was sold in 2021. For more information about The Lindley, visit TOLL BROTHERS APARTMENT LIVING®Toll Brothers Apartment Living® is the apartment development division of Toll Brothers, Inc. (NYSE: TOL), an award-winning Fortune 500 company, and the nation's leading builder of luxury homes. Toll Brothers Apartment Living brings the same quality, luxury, and service for which Toll Brothers is known to its exceptional rental and mixed-use communities in select markets, including Atlanta, Boston, Dallas, Los Angeles, New York, Philadelphia, Phoenix, and Washington, DC. Toll Brothers Apartment Living communities combine the energy of vibrant locations with unparalleled amenities, resident services, design, and the expertise of America's Luxury Home Builder®. In 2024, Toll Brothers Apartment Living was named to the National Multifamily Housing Council's Top 25 Largest Developers list, the fifth year it has been so recognized. The firm has completed over 10,000 units nationally, with more than 18,000 units in production. For more information visit ABOUT TOLL BROTHERSToll Brothers, Inc., a Fortune 500 Company, is the nation's leading builder of luxury homes. The Company was founded 58 years ago in 1967 and became a public company in 1986. Its common stock is listed on the New York Stock Exchange under the symbol 'TOL.' The Company serves first-time, move-up, empty-nester, active-adult, and second-home buyers, as well as urban and suburban renters. Toll Brothers builds in over 60 markets in 24 states: Arizona, California, Colorado, Connecticut, Delaware, Florida, Georgia, Idaho, Indiana, Maryland, Massachusetts, Michigan, Nevada, New Jersey, New York, North Carolina, Oregon, Pennsylvania, South Carolina, Tennessee, Texas, Utah, Virginia, and Washington, as well as in the District of Columbia. The Company operates its own architectural, engineering, mortgage, title, land development, smart home technology, and landscape subsidiaries. The Company also develops master-planned and golf course communities as well as operates its own lumber distribution, house component assembly, and manufacturing operations. Toll Brothers has been one of Fortune magazine's World's Most Admired Companies™ for 10+ years in a row, and in 2024 the Company's Chairman and CEO Douglas C. Yearley, Jr. was named one of 25 Top CEOs by Barron's magazine. Toll Brothers has also been named Builder of the Year by Builder magazine and is the first two-time recipient of Builder of the Year from Professional Builder magazine. For more information visit From Fortune, ©2025 Fortune Media IP Limited. All rights reserved. Used under license. Contact: Andrea Meck | Toll Brothers, Senior Director, Public Relations & Social Media | 215-938-8169 | ameck@ Photos accompanying this announcement are available at Sent by Toll Brothers via Regional Globe Newswire (TOLL-REG)Sign in to access your portfolio
