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Forestar Group (FOR) investor relations material

Forestar Group Proxy Filing summary

Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
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Proxy Filing summary16 Dec, 2025

Executive summary

  • Fiscal 2025 revenues reached $1.7 billion, up 10% from the prior year, with 14,240 lots sold and pre-tax income of $219.3 million, reflecting a 13.2% pre-tax profit margin and 11% increase in book value per share to $34.78.

  • Over the last five years, revenues increased nearly 80%, pre-tax income rose by more than 180%, and earnings per diluted share grew 161%.

  • D.R. Horton remains the majority shareholder with 62% ownership as of September 30, 2025.

  • The 2026 Annual Meeting will be held on January 19, 2026, with proposals for director elections, advisory vote on executive compensation, and auditor ratification.

Voting matters and shareholder proposals

  • Stockholders will vote on electing seven directors, an advisory say-on-pay for executive compensation, and ratification of Ernst & Young LLP as independent auditor for fiscal 2026.

  • Board recommends voting FOR all proposals.

  • Only stockholders of record as of November 24, 2025, are eligible to vote.

Board of directors and corporate governance

  • Board consists of seven directors, five of whom are independent; two new independent directors were added in October 2024.

  • Board leadership is separated between Executive Chairman and CEO; all standing committees are composed of independent directors.

  • Annual board and committee performance reviews are conducted; diversity is emphasized with three women and four men on the board.

  • D.R. Horton has board and committee appointment rights under the Stockholder's Agreement.

How are capital expenditures over $45.8M approved
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Frequently asked questions

Forestar Group Inc. operates as a residential lot development company in the United States. The company is engaged in the sale of owned and controlled residential lots to homebuilders as well as individual home buyers. It also offers affordable, move-up, active adult and luxury homes under the Taylor Morrison brand; energy efficient homes under the Darling Homes brand; and luxury homes under the Monarch Collection brand.

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