Recent Updates — FOR

Forestar Group Inc. reported fourth-quarter and full-year fiscal 2026 results for the period ended September 30, 2026. Fourth-quarter net income attributable to Forestar decreased 32% to $59.2 million, or $1.15 per diluted share, on revenues of $580.8 million from 5,004 lots sold. Full-year net income fell 15% to $142.6 million, or $2.78 per diluted share, with annual revenues declining 2% to $1.6 billion as the company delivered 13,545 lots. The company ended the year with a book value per share of $37.56 and total liquidity of $1.3 billion. Forestar Group Inc. is a leading national residential lot developer supplying finished lots to homebuilders.

Donald J. Tomnitz is retiring as Executive Chairman effective October 31, 2026, and will serve as a strategic advisor through September 30, 2028, receiving a monthly fee of $41,667. Anthony W. Oxley, currently President and CEO, assumes the role of Executive Chairman on November 1, 2026, while retaining his existing executive duties. The Board also appointed Stacey H. Dwyer as a director effective November 1, 2026, to fill the vacancy created by Tomnitz's retirement. Samuel R. Fuller will not be nominated for re-election at the 2027 Annual Meeting. Forestar Group Inc. is a residential lot development company with operations in 65 markets and 24 states.

Forestar Group Inc. reported fiscal 2026 third quarter results, with net income attributable to Forestar increased 9% to $35.9 million or $0.70 per diluted share. Consolidated revenues for the quarter ended June 30, 2026, increased 4% to $407.0 million. The company's liquidity is $1.1 billion, with a net debt to total capital ratio of 17.7%. Forestar Group Inc. is a residential lot developer that operates in 65 markets and 24 states.