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Close of 9 Nov 2026, in USD
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About Forestar Group
From its filings with the US Securities and Exchange Commission
Forestar Group is based in Arlington, Texas and is incorporated in Delaware. Its shares trade on NYSE under the ticker FOR. The SEC classifies its business as real estate. In the fiscal year to 30 September 2025, it reported revenue of $1.66bn and net income of $167.9m. At that date it held total assets of $3.14bn and shareholders' equity of $1.77bn.
Our customers are primarily local, regional and national homebuilders. The lots we deliver in our communities are primarily for entry-level, first-time move-up and active adult homes. Entry-level and first-time move-up homebuyers are the largest segments of the new home market. We also market some of our communities towards build-to-rent operators. We may engage in the development of multifamily sites as market opportunities arise.
Our real estate origins date back to the 1954 incorporation of Lumbermen’s Investment Corporation, which became a wholly-owned subsidiary of the predecessor to Temple-Inland Inc. ("Temple-Inland") in 1971. We changed our name to Forestar Real Estate Group Inc. after Temple-Inland began reporting us as a separate business segment in 2006, and in 2007, Temple-Inland completed a tax-free distribution of our shares to its stockholders, making us an independent publicly-traded company. In 2008, we changed our name from Forestar Real Estate Group Inc. to Forestar Group Inc. We became a majority-owned subsidiary of D.R. Horton, Inc. ("D.R. Horton") in October 2017 by virtue of a merger with a wholly-owned subsidiary of D.R. Horton. Immediately following the merger, D.R. Horton owned 75% of our outstanding common stock, and as of September 30, 2025 they owned approximately 62% of our outstanding common stock. As our controlling shareholder, D.R. Horton has significant influence in guiding our strategic direction and operations. In connection with the merger, we entered into certain agreements with D.R.
Quoted from its 10-K, filed 19 Nov 2025. Read the filing on SEC.gov ↗
Company facts
- Sector
- Real Estate
- Industry
- Real Estate Management & Development
- Listed since
- 12 Dec 2007
- Employees
- 433
- Website
- forestargroup.com ↗
- Head office
- 2221 E. LAMAR BLVD., ARLINGTON, TX, 76006
- Incorporated in
- DE
- Classification
- Real Estate
- Filer status
- Accelerated filer
Leadership
Pay as last reported
- Mr. Donald TomnitzExecutive Chairman of the Board, since 2017$2.3m
- Mr. Anthony OxleyPresident, Chief Executive Officer, Director, since 2024$4.2m
- Mr. James AllenChief Financial Officer, Executive Vice President, Treasurer$1.9m
- Mr. Mark WalkerChief Operating Officer, Executive Vice President$2.6m
- Ms. Kellie FischerIndependent Director$277,547
- Mr. Samuel FullerIndependent Director$140,048
- Ms. Lisa JamiesonIndependent Director$140,048
- Ms. Elizabeth ParmerIndependent Director$137,548
- Mr. George SeagravesIndependent Director$280,047
Environmental, social and governance
Scores out of 100, from our data supplier
- Overall
- 34
- Environment
- 2
- Social
- 39
- Governance
- 59
- Carbon reduction policy
- No
- Human rights policy
- Yes
SWOT analysis
AI-generated by our data supplier. Not written or checked by our editors.
Strengths
- Diverse Portfolio: Forestar Group Inc has a wide range of real estate and natural resources properties, providing a strong foundation for revenue generation and growth.
- Established Brand: The company has built a reputable brand in the real estate industry, known for its quality offerings and customer satisfaction.
- Financial Stability: Forestar Group Inc maintains a solid financial position with a strong balance sheet, enabling it to invest in strategic opportunities and withstand economic fluctuations.
Weaknesses
- Reliance on Economic Conditions: The company's performance is highly influenced by the overall economic climate, making it vulnerable to downturns and market uncertainties.
- Limited Geographic Presence: Forestar Group Inc's operations are predominantly focused on specific regions, limiting its market reach and growth potential in other areas.
- Dependence on Partnerships: The company often relies on partnerships with other entities for project development, which introduces challenges and potential conflicts in decision-making processes.
Opportunities
- Growing Demand for Real Estate: The increasing population and urbanization provide opportunities for Forestar Group Inc to expand its real estate offerings and cater to the rising demand.
- Sustainable Development Initiatives: The growing awareness and focus on sustainability create opportunities for the company to incorporate environmentally friendly practices and gain a competitive edge in the market.
- Technological Advancements: Embracing new technologies in construction, land management, and customer engagement can enhance efficiency and enable the company to stay ahead of competitors.
Threats
- Economic Volatility: Changes in interest rates, government policies, and global economic conditions can pose a threat to Forestar Group Inc's financial performance and investment prospects.
- Regulatory Challenges: Compliance with evolving regulations related to land use, environmental impact, and construction poses ongoing challenges and potential legal risks for the company.
- Intense Competition: The real estate industry is highly competitive, with numerous players vying for market share. Forestar Group Inc must constantly innovate and differentiate to maintain its position.
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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