Forestar Group Inc. (N:FOR)

Business Focus: Real Estate Development & Operations

Sector:  Financials Industry:  Real Estate Development & Operations
See Regulatory Filings on SEC
Company Contact
Address: 2221 E Lamar Blvd Ste 790
ARLINGTON TX 76006-7429
Tel: N/A
IR: See website
Key People
Donald J. Tomnitz
Executive Chairman of the Board
Daniel C. Bartok
Chief Executive Officer
Bill W. Wheat
Principal Financial Officer
Business Overview
Forestar Group Inc. is a residential and mixed-use real estate development company. The Company operates through three segments. The Real Estate segment secures entitlements and develops infrastructure on its lands, for single-family residential and mixed-use communities. The Mineral resources segment is focused on its owned oil and gas mineral interests through promoting exploration, development and production activities. The Other segment manages its timber holdings, recreational leases and water resource initiatives. As of December 31, 2016, its core community development business had directly or through ventures interests in 50 residential and mixed-use projects consisting of 4,600 acres of real estate located in 10 states and 14 markets. As of December 31, 2016, its non-core assets included approximately 523,000 net acres of owned mineral assets, 19,000 acres of timberland and undeveloped land, four multifamily assets and approximately 20,000 acres of groundwater leases.
Financial Overview
For the fiscal year ended 30 September 2019, Forestar Group Inc. revenues increased from $78.3M to $428.3M. Net income decreased 54% to $33M. Revenues reflect an increase in demand for the Company's products and services due to favorable market conditions. Net income was offset by GAIN ON SALE OF ASSETS decrease of 89% to $3M (income), Selling/General/Admin Expense increase from $11.8M to $28.9M (expense).
Employees: 78 as of Sep 30, 2019
Reporting Currency: U.S. Dollars
Enterprise value: $1,143M as of Sep 30, 2019
Annual revenue (TTM): $428.30M as of Sep 30, 2019
EBITDA (TTM): $43.40M as of Sep 30, 2019
Net annual income (TTM): $33.00M as of Sep 30, 2019
Free cash flow (TTM): -$392.10M as of Sep 30, 2019
Net Debt Last Fiscal Year: $77.70M as of Sep 30, 2019
Shares outstanding: 48,011,818 as of Nov 27, 2019
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization