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, 2026.

德克萨斯州阿灵顿 --（商业资讯）--Forestar Group Inc.（“Forestar”）（纽约证券交易所代码：FOR），一家领先的全国住宅用地开发商，今天公布了截至2026年3月31日的第二财季财务业绩。

Fiscal 2026 Second Quarter Highlights

2026 财年第二季度亮点

As of or for the quarter ended March 31, 2026, unless otherwise noted

截至2026年3月31日的季度数据，除非另有说明

All comparisons to the prior year quarter

所有与去年同期的比较

Net income attributable to Forestar increased 2% to $32.1 million or $0.63 per diluted share
Pre-tax income increased 8% to $43.9 million
Consolidated revenues increased 7% to $374.3 million on 2,938 lots sold
Owned and controlled 94,400 lots
24,100 lots contracted for sale representing $2.2 billion of future revenue
Real estate of $2.7 billion
Total liquidity of $1.0 billion
Net debt to total capital ratio of 19.2%
Return on equity of 9.6% for the trailing twelve months ended March 31, 2026
Book value per share increased 10% to $35.66

归属于 Forestar 的净收入增加 2%，达到 3210 万美元，或每股摊薄收益 0.63 美元
税前收入增加 8%，达到 4390 万美元
合并收入增加 7%，达到 3.743 亿美元，销售了 2938 个地块
拥有和控制 94400 个地块
签订销售合同的地块数量为 24100 个，代表 22 亿美元的未来收入
房地产总值为 27 亿美元
总流动性为 10 亿美元
净债务与总资本比率为 19.2%
截至2026年3月31日的过去十二个月的股本回报率为 9.6%
每股账面价值增加 10%，达到 35.66 美元

Financial Results

财务业绩

Net income attributable to Forestar for the second quarter of fiscal 2026 increased 2% to $32.1 million, or $0.63 per diluted share, compared to $31.6 million, or $0.62 per diluted share, in the same quarter of fiscal 2025. Pre-tax income for the quarter increased 8% to $43.9 million from $40.7 million in the same quarter of fiscal 2025. Revenues for the second quarter increased 7% to $374.3 million from $351.0 million in the same quarter of fiscal 2025.

2026 财年第二季度归属于 Forestar 的净收入增加 2%，达到 3210 万美元，或每股摊薄收益 0.63 美元，而 2025 财年同季度为 3160 万美元，或每股摊薄收益 0.62 美元。该季度的税前收入增加 8%，达到 4390 万美元，而 2025 财年同季度为 4070 万美元。第二季度的收入增加 7%，达到 3.743 亿美元，而 2025 财年同季度为 3.510 亿美元。

For the six months ended March 31, 2026, net income attributable to Forestar decreased 1% to $47.5 million, or $0.93 per diluted share, compared to $48.1 million, or $0.94 per diluted share, in the same period of fiscal 2025. Pre-tax income for the six months ended March 31, 2026 increased 4% to $64.8 million from $62.6 million in the same period of fiscal 2025. Revenues for the first six months of fiscal 2026 increased 8% to $647.3 million from $601.3 million in the same period of fiscal 2025.

截至2026年3月31日的六个月内，归属于 Forestar 的净收入减少 1%，达到 4750 万美元，或每股摊薄收益 0.93 美元，而 2025 财年同期间为 4810 万美元，或每股摊薄收益 0.94 美元。截止2026年3月31日的六个月内，税前收入增加 4%，达到 6480 万美元，而 2025 财年同期间为 6260 万美元。2026 财年上半年收入增加 8%，达到 6.473 亿美元，而 2025 财年同期间为 6.013 亿美元。

The Company’s return on equity was 9.6% for the trailing twelve months ended March 31, 2026. Return on equity is calculated as net income attributable to Forestar for the trailing twelve months divided by average stockholders’ equity, where average stockholders’ equity is the sum of ending stockholders’ equity balances of the trailing five quarters divided by five.

截至2026年3月31日，公司过去十二个月的股本回报率为 9.6%。股本回报率的计算方式为归属于 Forestar 的净收入除以平均股东权益，平均股东权益为过去五个季度末股东权益余额的总和除以五。

Operational Results

运营业绩

Lots sold during the second quarter decreased 14% to 2,938 lots compared to 3,411 lots in the same quarter of fiscal 2025. During the second quarter of fiscal 2026, Forestar sold 488 lots to customers other than D.R. Horton, Inc. (“D.R. Horton”) compared to 910 lots in the prior year quarter. Lots sold to customers other than D.R. Horton in the prior year quarter included 362 lots that were sold to a lot banker who expects to sell those lots to D.R. Horton at a future date.

2026 财年第二季度销售的地块数量减少 14%，为 2938 个，而 2025 财年同季度为 3411 个。在 2026 财年第二季度，Forestar 向除 D.R. Horton, Inc.（“D.R. Horton”）以外的客户销售了 488 个地块，而去年同期为 910 个。去年同期向除 D.R. Horton 以外的客户销售的地块中包括 362 个，预计将转售给 D.R. Horton。

Lots sold during the six months ended March 31, 2026 decreased 15% to 4,882 lots compared to 5,744 lots in the same period of fiscal 2025. During the six months ended March 31, 2026, 805 lots were sold to customers other than D.R. Horton compared to 1,131 lots in the same period of fiscal 2025. Lots sold to customers other than D.R. Horton in the current year six-month period included 146 lots that were sold to a lot banker who expects to sell those lots to D.R. Horton at a future date compared to 362 lots in the prior year period.

截至2026年3月31日的六个月内，销售的地块数量减少 15%，为 4882 个，而 2025 财年同期间为 5744 个。在截至2026年3月31日的六个月内，向除 D.R. Horton 以外的客户销售了 805 个地块，而 2025 财年同期间为 1131 个。今年六个月内向除 D.R. Horton 以外的客户销售的地块中包括 146 个，预计将转售给 D.R. Horton，而去年同期为 362 个。

The Company’s lot position at March 31, 2026 was 94,400 lots, of which 63,500 were owned and 30,900 were controlled through land and lot purchase contracts. Lots owned at March 31, 2026 included 9,300 that were fully developed. Of the Company’s owned lot position at March 31, 2026, 24,100 lots, or 38%, were under contract to be sold, representing approximately $2.2 billion of future revenue. Another 18,100 lots, or 29%, of the Company’s owned lots were subject to a right of first offer to D.R. Horton based on executed purchase and sale agreements at March 31, 2026.

截至2026年3月31日，公司拥有的地块数量为 94400 个，其中 63500 个为自有地块，30900 个通过土地和地块购买合同控制。截止2026年3月31日，拥有的地块中包括 9300 个已完全开发的地块。在截至2026年3月31日的自有地块中，24100 个地块（占 38%）已签订销售合同，代表约 22 亿美元的未来收入。另有 18100 个地块（占 29%）的自有地块根据截至2026年3月31日的购销协议享有优先购买权，出售给 D.R. Horton。

Capital Structure, Leverage and Liquidity

资本结构、杠杆和流动性

Forestar ended the quarter with $362.2 million of unrestricted cash and $672.1 million of available borrowing capacity on its senior unsecured revolving credit facility for total liquidity of $1.0 billion. During the quarter, the Company increased the capacity of its senior unsecured revolving credit facility by $50 million. In addition, the Company collected $130.9 million of reimbursements related to infrastructure costs in utility and improvement districts. Debt at March 31, 2026 totaled $793.5 million, with no senior note maturities in the next twelve months. The Company’s net debt to total capital ratio at the end of the quarter was 19.2%. Net debt to total capital consists of debt net of unrestricted cash divided by stockholders’ equity plus debt net of unrestricted cash.

Forestar 在本季度末拥有 3.622 亿美元的无限制现金和 6.721 亿美元的可用借款能力，流动性总计为 10 亿美元。在本季度，公司将其高级无担保循环信贷额度的容量增加了 5000 万美元。此外，公司收回了与公用事业和改善区基础设施成本相关的 1.309 亿美元的报销。截止2026年3月31日的债务总额为 7.935 亿美元，未来十二个月内没有高级票据到期。公司在本季度末的净债务与总资本比率为 19.2%。净债务与总资本比率由净债务（扣除无限制现金）除以股东权益加上净债务（扣除无限制现金）计算。

Outlook

展望

Donald J. Tomnitz, Chairman of the Board, said, “The Forestar team achieved solid second quarter results including a 7% increase in revenues and an 8% increase in pre-tax income. Liquidity increased to $1.0 billion driven by financial discipline despite ongoing affordability constraints and cautious consumer sentiment that continue to impact the pace of new home sales. We continue to focus on maximizing returns in each of our projects by aligning the pace and price of lot sales with the timing of our investments to meet demand.

董事会主席 Donald J. Tomnitz 表示：“Forestar 团队在第二季度取得了稳健的业绩，包括收入增长 7% 和税前收入增长 8%。尽管持续的可负担性限制和谨慎的消费者情绪仍然影响新房销售的速度，但流动性增加至 10 亿美元，得益于财务纪律。我们继续专注于通过将地块销售的节奏和价格与我们的投资时机对齐，以满足需求，从而最大化每个项目的回报。

“Based on our fiscal year-to-date results and current market conditions, we are updating our fiscal 2026 lot delivery guidance to between 14,000 and 14,500 lots compared to our prior guidance of between 14,000 and 15,000 lots. We maintain our previous fiscal 2026 revenue guidance of $1.6 billion to $1.7 billion.

“根据我们财年的迄今业绩和当前市场状况，我们将 2026 财年的地块交付指导更新为 14000 至 14500 个地块，而之前的指导为 14000 至 15000 个地块。我们维持之前的 2026 财年收入指导为 16 亿美元至 17 亿美元。

“Forestar is uniquely positioned to consistently supply finished lots that are essential to the homebuilding industry. Our strong balance sheet and liquidity provide flexibility and resilience to navigate through changing market conditions. We expect to continue aggregating market share, supported by our financial strength, substantial operating platform, strategic relationship with D.R. Horton and $2.2 billion of contracted future revenue. We remain committed to disciplined capital allocation while positioning Forestar for growth and long-term shareholder value.”

“Forestar 在持续供应对住宅建筑行业至关重要的成品地块方面具有独特的优势。我们强大的资产负债表和流动性为我们在变化的市场条件中提供了灵活性和韧性。我们预计将继续聚集市场份额，得益于我们的财务实力、庞大的运营平台、与 D.R. Horton 的战略关系以及 22 亿美元的未来合同收入。我们仍然致力于有纪律的资本配置，同时为 Forestar 的增长和长期股东价值做好准备。”

Conference Call and Webcast Details

电话会议和网络直播详情

The Company will host a conference call today (Tuesday, April 21) at 11:00 a.m. Eastern Time. The dial-in number is 888-506-0062, the entry code is 264058, and the call will also be webcast from the Company’s website at investor.forestar.com.

公司将于今天（4 月 21 日，星期二）上午 11:00（东部时间）召开电话会议。拨入号码为 888-506-0062，输入代码为 264058，会议也将在公司网站上进行网络直播，网址为 investor.forestar.com。

Third Quarter Conference Call

第三季度电话会议

The Company plans to release financial results for its third quarter ended June 30, 2026 on July 21, 2026 before the market opens. The Company will host a conference call that morning at 11:00 a.m. Eastern Time. Details on how to access the conference call will be available at a later date.

公司计划于2026年7月21日市场开盘前发布截至2026年6月30日的第三季度财务业绩。公司将在当天上午 11:00（东部时间）召开电话会议。有关如何访问电话会议的详细信息将在稍后公布。

About Forestar Group Inc.

关于 Forestar 集团公司

Forestar Group Inc. is a residential lot development company with operations in 64 markets and 24 states. Based in Arlington, Texas, the Company delivered more than 13,300 residential lots during the twelve-month period ended March 31, 2026. Forestar is a majority-owned subsidiary of D.R. Horton, the largest homebuilder by volume in the United States since 2002.

Forestar 集团公司是一家住宅地块开发公司，在 64 个市场和 24 个州开展业务。公司总部位于德克萨斯州阿灵顿，在截至2026年3月31日的 12 个月期间交付了超过 13,300 个住宅地块。Forestar 是 D.R. Horton 的控股子公司，自 2002 年以来，D.R. Horton 是美国按销量计算最大的住宅建筑商。

Forward-Looking Statements

前瞻性声明

Portions of this document may constitute “forward-looking statements” as defined by the Private Securities Litigation Reform Act of 1995. Although Forestar believes any such statements are based on reasonable assumptions, there is no assurance that actual outcomes will not be materially different. All forward-looking statements are based upon information available to Forestar on the date this release was issued. Forestar does not undertake any obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. Forward-looking statements in this release include we now expect to deliver between 14,000 and 14,500 lots, generating $1.6 billion to $1.7 billion of revenue; Forestar is uniquely positioned to consistently supply finished lots that are essential to the homebuilding industry; our strong balance sheet and liquidity provide flexibility and resilience to navigate through changing market conditions; we expect to continue aggregating market share, supported by our financial strength, substantial operating platform, strategic relationship with D.R. Horton and $2.2 billion of contracted future revenue; and we remain committed to disciplined capital allocation while positioning Forestar for growth and long-term shareholder value.

本文件的部分内容可能构成 1995 年《私人证券诉讼改革法》所定义的 “前瞻性声明”。尽管 Forestar 相信任何此类声明都是基于合理假设，但不能保证实际结果不会与预期结果有重大差异。所有前瞻性声明均基于 Forestar 在发布本声明时可获得的信息。Forestar 不承担任何公开更新或修订任何前瞻性声明的义务，无论是由于新信息、未来事件还是其他原因。本声明中的前瞻性声明包括我们现在预计将交付 14,000 到 14,500 个地块，产生 16 亿到 17 亿美元的收入；Forestar 在持续供应对住宅建筑行业至关重要的成品地块方面具有独特的优势；我们强大的资产负债表和流动性为我们在变化的市场条件中提供了灵活性和韧性；我们预计将继续聚集市场份额，得益于我们的财务实力、庞大的运营平台、与 D.R. Horton 的战略关系以及 22 亿美元的未来合同收入；我们仍然致力于有纪律的资本配置，同时为 Forestar 的增长和长期股东价值做好准备。

Factors that may cause the actual results to be materially different from the future results expressed by the forward-looking statements include, but are not limited to: the effect of D.R. Horton’s controlling level of ownership on us and the holders of our securities; our ability to realize the potential benefits of the strategic relationship with D.R. Horton; the effect of our strategic relationship with D.R. Horton on our ability to maintain relationships with our customers; the cyclical nature of the homebuilding and lot development industries and changes in economic, real estate and other conditions; the impact of significant inflation, higher interest rates or deflation; supply shortages and other risks of acquiring land, construction materials and skilled labor; the effects of public health issues such as a major epidemic or pandemic on the economy and our business; the impacts of weather conditions and natural disasters; health and safety incidents relating to our operations; our ability to obtain or the availability of surety bonds to secure our performance related to construction and development activities and the pricing of bonds; the effect of information technology failures and the risk of cybersecurity incidents and the failure to satisfy privacy and data protection laws and regulations; the impact of governmental policies, laws or regulations and actions or restrictions of regulatory agencies; the effects of changes in income tax and securities law; our ability to achieve our strategic initiatives; continuing liabilities related to assets that have been sold; the cost and availability of property suitable for residential lot development; general economic, market or business conditions where our real estate activities are concentrated; our dependence on relationships with national, regional and local homebuilders; competitive conditions in our industry; obtaining reimbursements and other payments from governmental districts and other agencies and timing of such payments; our ability to succeed in new markets; the conditions of the capital markets and our ability to raise capital to fund expected growth; our ability to manage and service our debt and comply with our debt covenants, restrictions and limitations; the volatility of the market price and trading volume of our common stock; and our ability to hire and retain key personnel. Additional information about issues that could lead to material changes in performance is contained in Forestar’s annual report on Form 10-K and its most recent quarterly report on Form 10-Q, both of which are filed with the Securities and Exchange Commission.

可能导致实际结果与前瞻性声明中表达的未来结果存在重大差异的因素包括但不限于：D.R. Horton 对我们的控股水平对我们及我们的证券持有者的影响；我们实现与 D.R. Horton 的战略关系潜在利益的能力；我们与 D.R. Horton 的战略关系对我们维持与客户关系的能力的影响；住宅建筑和地块开发行业的周期性特征以及经济、房地产和其他条件的变化；显著通货膨胀、高利率或通货紧缩的影响；土地、建筑材料和熟练劳动力的供应短缺及其他风险；公共卫生问题（如重大流行病或疫情）对经济和我们业务的影响；天气条件和自然灾害的影响；与我们运营相关的健康和安全事件；我们获得或可用的担保债券以确保我们在建设和开发活动中的表现及债券定价的能力；信息技术故障的影响和网络安全事件的风险，以及未能满足隐私和数据保护法律法规的风险；政府政策、法律或法规的影响以及监管机构的行动或限制；所得税和证券法变化的影响；我们实现战略目标的能力；与已售资产相关的持续负债；适合住宅地块开发的物业的成本和可用性；我们房地产活动集中地区的一般经济、市场或商业条件；我们对与国家、地区和地方住宅建筑商关系的依赖；我们行业的竞争条件；从政府地区和其他机构获得报销和其他付款的能力及其时机；我们在新市场中取得成功的能力；资本市场的状况及我们筹集资金以支持预期增长的能力；我们管理和服务债务以及遵守债务契约、限制和限制的能力；我们普通股的市场价格和交易量的波动性；以及我们招聘和留住关键人员的能力。有关可能导致业绩重大变化的问题的更多信息，请参阅 Forestar 提交给证券交易委员会的 10-K 表格年度报告和最新的 10-Q 表格季度报告。


FORESTAR GROUP INC. Consolidated Balance Sheets (Unaudited)

	March 31, 2026		September 30, 2025
	(In millions, except share data)
ASSETS
Cash and cash equivalents	$	362.2		$	379.2
Real estate		2,709.7			2,645.1
Property and equipment, net		7.7			8.1
Other assets		93.0			104.6
Total assets	$	3,172.6		$	3,137.0
LIABILITIES
Accounts payable	$	73.3		$	71.0
Accrued development costs		113.9			131.8
Earnest money on sales contracts		208.6			193.3
Deferred tax liability, net		84.3			86.2
Accrued expenses and other liabilities		79.1			83.1
Debt		793.5			802.7
Total liabilities		1,352.7			1,368.1
EQUITY
Common stock, par value $1.00 per share, 200,000,000 authorized shares, 51,008,733 and 50,833,171 shares issued and outstanding at March 31, 2026 and September 30, 2025, respectively		51.0			50.8
Additional paid-in capital		674.2			671.0
Retained earnings		1,093.6			1,046.1
Stockholders' equity		1,818.8			1,767.9
Noncontrolling interests		1.1			1.0
Total equity		1,819.9			1,768.9
Total liabilities and equity	$	3,172.6		$	3,137.0


FORESTAR GROUP INC.
合并资产负债表
（未经审计）

	2026年3月31日		2025年9月30日
	（以百万计，除股份数据外）
资产
现金及现金等价物	$	362.2		$	379.2
房地产		2,709.7			2,645.1
净物业和设备		7.7			8.1
其他资产		93.0			104.6
资产总计	$	3,172.6		$	3,137.0
负债
应付账款	$	73.3		$	71.0
应计开发成本		113.9			131.8
销售合同的诚意金		208.6			193.3
递延所得税负债，净额		84.3			86.2
应计费用及其他负债		79.1			83.1
债务		793.5			802.7
负债总计		1,352.7			1,368.1
股东权益
普通股，面值每股$1.00，授权股份 200,000,000 股，2026年3月31日和2025年9月30日已发行并流通的股份分别为 51,008,733 和 50,833,171		51.0			50.8
额外实收资本		674.2			671.0
留存收益		1,093.6			1,046.1
股东权益		1,818.8			1,767.9
非控股权益		1.1			1.0
股东权益总计		1,819.9			1,768.9
负债和股东权益总计	$	3,172.6		$	3,137.0


FORESTAR GROUP INC. Consolidated Statements of Operations (Unaudited)

	Three Months Ended March 31,		Six Months Ended March 31,
	2026		2025	2026		2025
	(In millions, except per share amounts)
Revenues	$	374.3		$	351.0		$	647.3		$	601.3
Cost of sales		294.1			271.8			512.1			467.2
Selling, general and administrative expense		37.9			38.4			74.3			74.3
Equity in earnings of unconsolidated ventures		—			—			—			(0.6	)
Interest and other income		(1.6	)		(1.0	)		(3.9	)		(3.3	)
Loss on extinguishment of debt		—			1.1			—			1.1
Income before income taxes.		43.9			40.7			64.8			62.6
Income tax expense		11.7			9.1			17.1			14.5
Net income		32.2			31.6			47.7			48.1
Net income attributable to noncontrolling interests		0.1			—			0.2			—
Net income attributable to Forestar Group Inc.	$	32.1		$	31.6		$	47.5		$	48.1

Basic net income per common share	$	0.63		$	0.62		$	0.93		$	0.95
Weighted average number of common shares		51.0			50.8			51.0			50.8

Diluted net income per common share	$	0.63		$	0.62		$	0.93		$	0.94
Adjusted weighted average number of common shares		51.2			51.0			51.2			51.1


FORESTAR GROUP INC.
合并损益表
（未经审计）

	截至
2026年3月31日的三个月		截至
2025年3月31日的六个月
	2026		2025	2026		2025
	（以百万计，除每股金额外）
收入	$	374.3		$	351.0		$	647.3		$	601.3
销售成本		294.1			271.8			512.1			467.2
销售、一般和行政费用		37.9			38.4			74.3			74.3
对未合并企业的权益收益		—			—			—			(0.6	)
利息及其他收入		(1.6	)		(1.0	)		(3.9	)		(3.3	)
债务清偿损失		—			1.1			—			1.1
税前收入		43.9			40.7			64.8			62.6
所得税费用		11.7			9.1			17.1			14.5
净收入		32.2			31.6			47.7			48.1
归属于非控股权益的净收入		0.1			—			0.2			—
归属于 Forestar Group Inc.的净收入	$	32.1		$	31.6		$	47.5		$	48.1

每普通股基本净收入	$	0.63		$	0.62		$	0.93		$	0.95
普通股加权平均数		51.0			50.8			51.0			50.8

每普通股稀释净收入	$	0.63		$	0.62		$	0.93		$	0.94
调整后的普通股加权平均数		51.2			51.0			51.2			51.1


FORESTAR GROUP INC. Revenues, Residential Lots Sold and Lot Position

	REVENUES
	Three Months Ended March 31,		Six Months Ended March 31,
	2026		2025		2026		2025
	(In millions)
Residential lot sales:
Development projects	$	329.4		$	338.9		$	560.5	$	579.9
Lot banking projects		2.0			8.0			6.1		13.1
Decrease in contract liabilities		—			—			—		1.2
		331.4			346.9			566.6		594.2
Tract sales and other		42.9			4.1			80.7		7.1
Total revenues	$	374.3		$	351.0		$	647.3	$	601.3

	RESIDENTIAL LOTS SOLD
	Three Months Ended March 31,		Six Months Ended March 31,
	2026		2025		2026		2025
Development projects		2,914			3,334			4,814		5,625
Lot banking projects		24			77			68		119
		2,938			3,411			4,882		5,744

Average sales price per lot (1)	$	112,800		$	101,700		$	116,000	$	103,200


					LOT POSITION
					March 31, 2026		September 30, 2025
Lots owned			63,500			65,100
Lots controlled under land and lot purchase contracts			30,900			34,700
Total lots owned and controlled			94,400			99,800

Owned lots under contract to sell to D.R. Horton			22,900			22,800
Owned lots under contract to customers other than D.R. Horton			1,200			1,000
Total owned lots under contract			24,100			23,800

Owned lots subject to right of first offer with D.R. Horton based on executed purchase and sale agreements			18,100			17,600
Owned lots fully developed			9,300			8,900


FORESTAR GROUP INC. 收入、住宅地块销售及地块状况

	收入
	截至 3 月 31 日的三个月		截至 3 月 31 日的六个月
	2026 年		2025 年		2026 年		2025 年
	（以百万计）
住宅地块销售：
开发项目	$	329.4		$	338.9		$	560.5	$	579.9
地块银行项目		2.0			8.0			6.1		13.1
合同负债减少		—			—			—		1.2
		331.4			346.9			566.6		594.2
地块销售及其他		42.9			4.1			80.7		7.1
总收入	$	374.3		$	351.0		$	647.3	$	601.3

	销售的住宅地块
	截至 3 月 31 日的三个月		截至 3 月 31 日的六个月
	2026 年		2025 年		2026 年		2025 年
开发项目		2,914			3,334			4,814		5,625
地块银行项目		24			77			68		119
		2,938			3,411			4,882		5,744

每块地的平均销售价格 (1)	$	112,800		$	101,700		$	116,000	$	103,200


					地块状况
					2026年3月31日		2025年9月30日
拥有地块			63,500			65,100
根据土地和地块购买合同控制的地块			30,900			34,700
总拥有和控制的地块			94,400			99,800

拥有的地块与 D.R. Horton 签订的销售合同			22,900			22,800
拥有的地块与除 D.R. Horton 以外的客户签订的合同			1,200			1,000
总拥有的地块合同			24,100			23,800

拥有的地块根据已签署的购销协议与 D.R. Horton 的优先购买权			18,100			17,600
完全开发的拥有地块			9,300			8,900


\\\___________
(1)		Excludes any impact from change in contract liabilities.


\\\___________
(1)		不包括合同负债变动的任何影响。

View source version on businesswire.com: https://www.businesswire.com/news/home/20260421931435/en/

在 businesswire.com 上查看源版本：https://www.businesswire.com/news/home/20260421931435/en/

Chris Hibbetts, 817-769-1860

Vice President of Finance & Investor Relations

财务与投资者关系副总裁

InvestorRelations@forestar.com

Source: Forestar Group Inc.

来源：Forestar Group Inc.

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