Forestar Group (NYSE:FOR), a leading national residential lot developer, reported steady financial growth for its second fiscal quarter ended March 31, 2026.
The results highlight a resilient demand for housing land, even as the broader real estate market navigates shifting economic headwinds.
The company reported a 7% increase in consolidated revenues, reaching $374.3 million for the quarter, supported by the sale of 2,938 residential lots.
Net income attributable to Forestar rose 2% to $32.1 million, or $0.63 per diluted share, while pre-tax income saw a more pronounced jump of 8% to $43.9 million.
Meanwhile, Forestar continues to expand its footprint, ending the quarter with 94,400 lots owned and controlled.
Looking toward future performance, the company noted that 24,100 lots are currently under contract for sale, representing an estimated $2.2 billion in future revenue.
The company’s total real estate assets are valued at $2.7 billion.
Maintaining a strong capital position, Forestar reported total liquidity of $1 billion and a conservative net debt to total capital ratio of 19.2%.
For the trailing twelve months ended March 31, 2026, the company’s return on equity stood at 9.6%.
Additionally, book value per share increased by 10% year-over-year, reaching $35.66.