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04.06.25 - 22:03
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Forestar Group Inc. to Release 2025 Third Quarter Earnings on July 22, 2025 (Business Wire)
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ARLINGTON, Texas--(BUSINESS WIRE)--$FOR #earnings--As previously announced, Forestar Group Inc. (NYSE: FOR) will release financial results for its third quarter ended June 30, 2025 on Tuesday, July 22, 2025 before the market opens. The Company will host a conference call that morning at 11:00 a.m. Eastern Time (ET). The dial-in number is 888-506-0062. When calling, please reference access code 716713. Participants are encouraged to call in five minutes before the call begins (10:55 a.m. ET). The call will also be webcast from the Company's website at investor.forestar.com.
A replay of the call will be available after 3:00 p.m. ET on Tuesday, July 22, 2025 at 877-481-4010. When calling, please reference replay passcode 52408. The teleconference replay will be available through July 29, 2025. The webcast replay will be available from the Company's website at investor.forestar.com through November 15, 2025.
About Forestar Group Inc.
Forestar Group Inc. is a residential lot development company with operatio...
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17.04.25 - 12:33
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Forestar Reports Fiscal 2025 Second Quarter Results (Business Wire)
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ARLINGTON, Texas--(BUSINESS WIRE)--Forestar Group Inc. (“Forestar”) (NYSE: FOR), a leading national residential lot developer, today reported financial results for its second fiscal quarter ended March 31, 2025.
Fiscal 2025 Second Quarter Highlights
All comparisons to the prior year quarter
Net income totaled $31.6 million or $0.62 per diluted share
Pre-tax income of $40.7 million
Consolidated revenues increased 5% to $351.0 million
Residential lots sold increased 4% to 3,411 lots
Owned and controlled 105,900 lots at March 31, 2025
Return on equity of 10.7% for the trailing twelve months ended March 31, 2025
Book value per share increased 11% to $32.36
Issued $500 million of 6.50% senior unsecured notes due 2033
Completed a tender offer to purchase $329.4 million of existing 3.85% senior unsecured notes due 2026
Financial Results
Net income for the second quarter of fiscal 2025 decreased 30% to $31.6 million, or $0.62 per diluted share, compared to $45.0 million, or $0.89 per diluted share, in the sam...
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12.03.25 - 11:33
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Forestar Group Inc. Announces Expiration and Final Results of Tender Offer for Any and All of its 3.850% Senior Notes due 2026 (Business Wire)
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ARLINGTON, Texas--(BUSINESS WIRE)--$FOR--Forestar Group Inc. (NYSE: FOR) announced today the expiration and final results of the previously announced cash tender offer (the “Tender Offer”) to purchase any and all of its outstanding 3.850% Senior Notes due 2026 (the “Notes”) listed in the following table upon the terms and conditions described in the offer to purchase, dated March 5, 2025 (the “Offer to Purchase”), and the related notice of guaranteed delivery, dated March 5, 2025 (the “Notice of Guaranteed Delivery” and, together with the Offer to Purchase, the “Offer Documents”).
Title of Security
CUSIP Numbers / ISINs
Principal Amount
Outstanding
Principal Amount
Tendered(2)
Percent of Outstanding
Principal Amount Tendered(2)
3.850% Senior Notes due 2026(1)
Rule 144A: 346232 AF8 / US346232AF83
Reg. S: U3455L AC8 / USU3455LAC82
$400,000,000
$329,434,000
82.36%
(1)
On or after May 15, 2025, Forestar...
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11.03.25 - 21:30
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Forestar Group Inc. Announces Pricing Terms of Tender Offer for Any and All of its 3.850% Senior Notes due 2026 (Business Wire)
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ARLINGTON, Texas--(BUSINESS WIRE)--$FOR--Forestar Group Inc. (NYSE: FOR) announced today the pricing terms of the previously announced cash tender offer (the “Tender Offer”) to purchase any and all of its outstanding 3.850% Senior Notes due 2026 (the “Notes”) listed in the following table upon the terms and conditions described in the offer to purchase, dated March 5, 2025 (the “Offer to Purchase”), and the related notice of guaranteed delivery, dated March 5, 2025 (“Notice of Guaranteed Delivery” and, together with the Offer to Purchase, the “Offer Documents”).
Certain information regarding the Notes and the U.S. Treasury Reference Security, the Bloomberg reference page and the fixed spread is set forth in the table below.
Title of Security
CUSIP Numbers / ISINs
Principal
Amount
Outstanding
U.S. Treasury
Reference
Security
Bloomberg
Reference
Page
Reference Yield
Fixed Spread
(basis points)
Purchase Price(2)
3.850% Senior
Notes due
2026(1)
Rule 144A: 346232 AF8 / US346232AF83
Reg. S: ...
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06.03.25 - 00:33
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Forestar Announces Pricing of $500 Million Offering of Senior Unsecured Notes (Business Wire)
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ARLINGTON, Texas--(BUSINESS WIRE)--$FOR--Forestar Group Inc. (NYSE: FOR) (“Forestar”) today announced that it has priced an offering of $500 million aggregate principal amount of 6.500% senior unsecured notes due 2033 (the “Notes”). The Notes were offered and will be sold in a private placement to qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”), and to non-U.S. persons in transactions outside the United States pursuant to Regulation S under the Securities Act. The offering is expected to close on March 14, 2025, subject to customary closing conditions.
The Notes will rank equally in right of payment to all of Forestar's existing and future senior unsecured debt. Interest will be payable semi-annually at a rate of 6.500% per year for the Notes. The Notes will mature on March 15, 2033.
Forestar intends to use the net proceeds from this offering to fund a tender offer for any and all of its $400 million aggregate principal ...
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05.03.25 - 13:48
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Forestar Announces Proposed Offering of Senior Unsecured Notes (Business Wire)
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ARLINGTON, Texas--(BUSINESS WIRE)--$FOR--Forestar Group Inc. (NYSE: FOR) (“Forestar”) today announced that it is proposing to sell $500 million aggregate principal amount of senior unsecured notes due 2033 (the “Notes”). The Notes will be offered and sold in a private placement to qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”), and to non-U.S. persons in transactions outside the United States pursuant to Regulation S under the Securities Act.
Forestar intends to use the net proceeds from this offering to fund a tender offer for any and all of its $400 million aggregate principal amount of existing 3.850% Senior Notes due 2026 and for general corporate purposes, including to repay outstanding borrowings under the Company's credit facility.
The Notes have not been and will not be registered under the Securities Act or any state securities laws and may not be offered or sold in the United States or to, or for the benefit o...
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05.03.25 - 13:48
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Forestar Group Inc. Announces Tender Offer for Any and All of its 3.850% Senior Notes due 2026 (Business Wire)
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ARLINGTON, Texas--(BUSINESS WIRE)--$FOR--Forestar Group Inc. (NYSE: FOR) announced today that it is commencing a cash tender offer (the “Tender Offer”) to purchase any and all of its outstanding 3.850% Senior Notes due 2026 (the “Notes”) listed in the following table upon the terms and conditions described in the offer to purchase, dated March 5, 2025 (the “Offer to Purchase”), and the related notice of guaranteed delivery, dated March 5, 2025 (“Notice of Guaranteed Delivery” and, together with the Offer to Purchase, the “Offer Documents”).
Certain information regarding the Notes and the U.S. Treasury Reference Security, the Bloomberg reference page and the fixed spread is set forth in the table below.
Title of Security
CUSIP Numbers / ISINs
Principal Amount Outstanding
U.S. Treasury Reference Security
Bloomberg
Reference Page
Fixed Spread
(basis points)
3.850% Senior
Notes due 2026(1)
Rule 144A: 346232 AF8 / US346232AF83
Reg. S: U3455L AC8 / USU3455LAC82
$400,000,000
2.125% UST due
Ma...
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21.01.25 - 12:33
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Forestar Reports Fiscal 2025 First Quarter Results (Business Wire)
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ARLINGTON, Texas--(BUSINESS WIRE)--$FOR--Forestar Group Inc. (“Forestar”) (NYSE: FOR), a leading national residential lot developer, today reported financial results for its first fiscal quarter ended December 31, 2024.
Fiscal 2025 First Quarter Highlights
Net income totaled $16.5 million or $0.32 per diluted share
Pre-tax income of $21.9 million
Revenues of $250.4 million on 2,333 lots sold
Land acquisition and development investments totaled $684.4 million
Owned and controlled lots of 106,000 lots at December 31, 2024
Return on equity of 12.0% for the trailing twelve months ended December 31, 2024
Book value per share increased 13% from a year ago to $31.84 at December 31, 2024
Amended the Company's senior unsecured revolving credit facility, increasing lender commitments to $640 million and extending the maturity to December 2029
Financial Results
Net income for the first quarter of fiscal 2025 decreased 57% to $16.5 million, or $0.32 per diluted share, compared to $38.2 million, or $0.76 per dilu...
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