Forestar Reports Fourth Quarter and Fiscal 2026 Results
Key Highlights
- ➤Fiscal 2026 revenue $1.6 billion, down 2% year over year
- ➤Fiscal 2026 net income $142.6 million, down 15% year over year
- ➤Fiscal 2027 revenue forecast $1.4 billion-$1.5 billion on 12,000-13,000 lots
- ➤$2.2 billion contracted future revenue across 21,500 owned lots
- ➤Total liquidity $1.3 billion; net debt to total capital ratio 6.7%
Expert Statements
Donald J. Tomnitz, Chairman of the Board of Forestar Group Inc.
“The Forestar team produced solid results for the year, delivering 13,545 lots and generating over $1.6 billion of revenues in fiscal 2026.”
Donald J. Tomnitz, Chairman of the Board of Forestar Group Inc.
“New home demand continues to be impacted by ongoing affordability constraints and cautious consumer sentiment, with rising mortgage rates adding further pressure in the fourth quarter.”
Donald J. Tomnitz, Chairman of the Board of Forestar Group Inc.
“As we look forward to fiscal 2027, we currently expect to deliver between 12,000 and 13,000 lots, generating $1.4 billion to $1.5 billion of revenue.”
Donald J. Tomnitz, Chairman of the Board of Forestar Group Inc.
“We will continue to balance the pace and price of lot sales with the timing of our investments to meet demand and maximize returns in each of our projects.”
Donald J. Tomnitz, Chairman of the Board of Forestar Group Inc.
“Our strong balance sheet, experienced teams and broad platform provide us with significant financial and operational flexibility to navigate changing market conditions and capitalize on opportunities for growth.”
Donald J. Tomnitz, Chairman of the Board of Forestar Group Inc.
“These strengths, combined with our strategic relationship with D.R. Horton and $2.2 billion of contracted future revenue, position us well to continue supplying homebuilders with finished lots and capturing market share.”
Donald J. Tomnitz, Chairman of the Board of Forestar Group Inc.
“We remain focused on disciplined capital allocation while positioning Forestar for growth and long-term shareholder value.”
Forestar Group Inc. (“Forestar”) (NYSE: FOR), a leading national residential lot developer, today reported financial results for its fourth quarter and fiscal year ended September 30, 2026.
* Net income attributable to Forestar totaled $59.2 million or $1.15 per diluted share
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