{"id":833510,"date":"2022-11-09T18:04:16","date_gmt":"2022-11-09T17:04:16","guid":{"rendered":"https:\/\/bebeez.it\/non-categorizzato\/forestar-reports-fourth-quarter-and-fiscal-2022-results\/"},"modified":"2022-11-09T18:04:16","modified_gmt":"2022-11-09T17:04:16","slug":"forestar-reports-fourth-quarter-and-fiscal-2022-results","status":"publish","type":"post","link":"https:\/\/bebeez.it\/en\/real-estate-in-asia-pacific\/forestar-reports-fourth-quarter-and-fiscal-2022-results\/","title":{"rendered":"Forestar Reports Fourth Quarter and Fiscal 2022 Results"},"content":{"rendered":"

ARLINGTON, Texas–(BUSINESS WIRE)–$FOR<\/a>–Forestar Group Inc. (\u201cForestar\u201d) (NYSE: FOR), a leading national residential lot developer, today reported financial results for the fourth quarter and fiscal year ended September 30, 2022.\n<\/p>\n

<\/a><\/p>\n

\nFiscal 2022 Fourth Quarter Highlights
\n
All comparisons are year-over-year\n<\/p>\n

Net income attributable to Forestar increased 15% to $50.8 million or $1.02 per diluted share<\/p>\n

Pre-tax income increased 13% to $66.4 million, while pre-tax profit margin increased 340 basis points to 17.4%<\/p>\n

Generated $381.4 million of consolidated revenues on 3,914 lots sold<\/p>\n

\nFiscal 2022 Highlights
\n
All comparisons are year-over-year\n<\/p>\n

Net income attributable to Forestar increased 62% to $178.8 million or $3.59 per diluted share<\/p>\n

Pre-tax income increased 61% to $235.8 million, while pre-tax profit margin increased 440 basis points to 15.5%<\/p>\n

Excluding an $18.1 million loss on extinguishment of debt incurred in fiscal 2021, pre-tax income increased 43% and pre-tax profit margin improved 310 basis points<\/p>\n

Generated $1.5 billion of consolidated revenues on 17,691 lots sold<\/p>\n

Owned and controlled 90,100 lots at September 30, 2022<\/p>\n

Return on equity of 16.2% for fiscal 2022, an improvement of 450 basis points<\/p>\n

Book value per share increased 18% to $24.08<\/p>\n

\nDaniel Bartok, CEO, said, \u201cThe Forestar team finished the year strong and delivered outstanding results for fiscal 2022. Our fourth quarter pre-tax income increased 13% to $66.4 million, and our pre-tax profit margin increased 340 basis points to 17.4%. We generated significant growth in revenues, pre-tax income and EPS with increased lot deliveries and improved pre-tax profit margins in fiscal 2022. Our operational and financial results exceeded expectations, and our strong performance is a testament to our differentiated business model and our team\u2019s ability to react quickly and appropriately to market conditions.\n<\/p>\n

\n\u201cDuring most of fiscal 2022, housing market conditions remained strong. In July, we began to see a moderation in demand for finished lots that has continued through today. We are facing a challenging macroeconomic environment with rising interest rates, persistent inflation and softening housing fundamentals. We expect demand for residential lots will continue to moderate in the coming months as homebuilders align starts to a new sales pace. However, we are beginning fiscal 2023 from a position of strength. Forestar has over $620 million of liquidity and one of the best capital structures in the residential lot development industry, which provides us with tremendous flexibility. We continue to manage our development in phases in an effort to deliver finished lots at a pace that meets market demand, consistent with our focus on capital efficiency and returns. We will stay disciplined, flexible and opportunistic as we consolidate market share in fiscal 2023.\u201d\n<\/p>\n

\nFinancial Results
\n
Net income attributable to Forestar for the fourth quarter of fiscal 2022 increased 15% to $50.8 million, or $1.02 per diluted share, compared to $44.0 million, or $0.89 per diluted share, in the same quarter of fiscal 2021. Pre-tax income for the fourth quarter of fiscal 2022 increased 13% to $66.4 million from $58.8 million in the same quarter of fiscal 2021. Revenues for the quarter decreased 9% to $381.4 million from $418.7 million in the same quarter of fiscal 2021.\n<\/p>\n

\nNet income attributable to Forestar for the fiscal year ended September 30, 2022 increased 62% to $178.8 million, or $3.59 per diluted share, compared to $110.2 million, or $2.25 per diluted share, in fiscal 2021. Pre-tax income for fiscal 2022 increased 61% to $235.8 million from $146.6 million in fiscal 2021. Fiscal 2022 results include a $3.8 million pre-tax real estate impairment charge to cost of sales. Fiscal 2021 results include an $18.1 million pre-tax loss on extinguishment of debt related to the early redemption of the Company\u2019s 8.0% senior notes. Revenues for fiscal 2022 increased 15% to $1.5 billion from $1.3 billion in fiscal 2021.\n<\/p>\n

\nThe Company\u2019s return on equity improved 450 basis points to 16.2% in fiscal 2022. Return on equity is calculated as net income attributable to Forestar for the year divided by average stockholders\u2019 equity, where average stockholders\u2019 equity is the sum of ending stockholders\u2019 equity balances of the trailing five quarters divided by five.\n<\/p>\n

\nOperational Results
\n
Lots sold during the fourth quarter decreased 20% to 3,914 lots compared to 4,902 lots in the same quarter of fiscal 2021. However, lots sold in fiscal 2022 increased 11% to 17,691 lots compared to 15,915 lots in fiscal 2021.\n<\/p>\n

\nThe Company\u2019s lot position at September 30, 2022 decreased 7% from September 30, 2021 to 90,100 lots, of which 61,800 were owned and 28,300 were controlled through land and lot purchase contracts. Lots owned at September 30, 2022 included 5,500 that were fully developed. Of the Company\u2019s owned lot position at September 30, 2022, 19,200 lots, or 31%, were under contract to be purchased, representing approximately $1.5 billion of future revenue. Another 18,900 lots, or 31%, of the Company\u2019s owned lots were subject to a right of first offer to D.R. Horton, Inc. (\u201cD.R. Horton\u201d) based on executed purchase and sale agreements at September 30, 2022.\n<\/p>\n

\nDuring the fourth quarter of fiscal 2022, Forestar sold 842 lots to customers other than D.R. Horton, up from 529 lots in the prior year quarter. During fiscal 2022, Forestar sold 2,796 lots to customers other than D.R. Horton, up from 1,076 lots in fiscal 2021. Lots sold to other customers include 585 lots in the fourth quarter and 943 lots in fiscal 2022 that were sold to a lot banker who expects to sell those lots to D.R. Horton at a future date.\n<\/p>\n

\nCapital Structure, Leverage and Liquidity
\n
Forestar ended the fiscal year with $264.8 million of unrestricted cash and $356.7 million of available borrowing capacity on its senior unsecured revolving credit facility for total liquidity of $621.5 million. Debt at September 30, 2022 totaled $706.0 million, with no senior note maturities until fiscal 2026. The Company\u2019s net debt to total capital ratio was 26.9%. Net debt to total capital consists of debt net of unrestricted cash divided by stockholders\u2019 equity plus debt net of unrestricted cash.\n<\/p>\n

\nOutlook
\n
Donald J. Tomnitz, Chairman of the Board, said, \u201cAs we look back on another extraordinary year, I am extremely proud of our team\u2019s ability to deliver record operating and financial results despite shortages of certain materials, municipality delays, inflation and the historic rise in mortgage interest rates. October marked the fifth anniversary of D.R. Horton\u2019s investment in Forestar, and I could not be more proud to be a part of Forestar\u2019s growth story. Revenues and lot deliveries have grown more than 10x in five years, we added over 250 people to our team and Forestar became one of D.R. Horton\u2019s most important lot suppliers.\n<\/p>\n

\n\u201cWhile we are not providing annual guidance at this time due to uncertainty in the market, we believe Forestar will continue consolidating market share in the fragmented and under-capitalized U.S. residential lot development industry. Our strong balance sheet and ample liquidity provide us with significant financial and operational flexibility, and we plan to maintain our disciplined approach when investing capital to enhance the long-term value of Forestar.\u201d\n<\/p>\n

\nConference Call and Webcast Details
\n
The Company will host a conference call today (Wednesday, November 9) at 5:00 p.m. Eastern Time. The dial-in number is 888-506-0062, the entry code is 446616, and the call will also be webcast from the Company\u2019s website at investor.forestar.com.\n<\/p>\n

\nAbout Forestar Group Inc.
\n
Forestar Group Inc. is a residential lot development company with operations in 53 markets and 21 states. Based in Arlington, Texas, the Company delivered more than 17,600 residential lots during the fiscal year ended September 30, 2022. Forestar is a majority-owned subsidiary of D.R. Horton, the largest homebuilder by volume in the United States since 2002.\n<\/p>\n

\nForward-Looking Statements
\n
Portions of this document may constitute \u201cforward-looking statements\u201d 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 expect demand for residential lots will continue to moderate in the coming months as homebuilders align starts to a new sales pace; we will stay disciplined, flexible and opportunistic as we consolidate market share; Forestar will continue consolidating market share in the fragmented and under-capitalized U.S. residential lot development industry, our strong balance sheet and ample liquidity provide us with significant financial and operational flexibility; and we plan to maintain our disciplined approach when investing capital to enhance the long-term value of Forestar.\n<\/p>\n

\nFactors 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\u2019s 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 impact of COVID-19 on the economy and our business; the cyclical nature of the homebuilding and lot development industries and changes in economic, real estate and other conditions; the impacts of weather conditions and natural disasters; health and safety incidents relating to our operations; supply shortages and other risks of acquiring land, construction materials and skilled labor; competitive conditions in our industry; our ability to achieve our strategic initiatives; continuing liabilities related to assets that have been sold; the impact of governmental policies, laws or regulations and actions or restrictions of regulatory agencies; 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; 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; 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; our ability to hire and retain key personnel; the impact of significant inflation, higher interest rates or deflation; and the strength of our information technology systems and the risk of cybersecurity breaches and our ability to satisfy privacy and data protection laws and regulations. Additional information about issues that could lead to material changes in performance is contained in Forestar\u2019s 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.\n<\/p>\n

\nFORESTAR GROUP INC.\n<\/p>\n

\nConsolidated Balance Sheets\n<\/p>\n

\n(Unaudited)\n<\/p>\n

\u00a0<\/p>\n

\n\u00a0\n<\/p>\n

\nSeptember 30,\n<\/p>\n

\n\u00a0\n<\/p>\n

\n2022\n<\/p>\n

\n\u00a0\n<\/p>\n

\n2021\n<\/p>\n

\n\u00a0\n<\/p>\n

\n(In millions, except share data)\n<\/p>\n

\nASSETS\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\nCash and cash equivalents\n<\/p>\n

\n$\n<\/p>\n

\n264.8\n<\/p>\n

\n\u00a0\n<\/p>\n

\n$\n<\/p>\n

\n153.6\n<\/p>\n

\nReal estate\n<\/p>\n

\n\u00a0\n<\/p>\n

\n2,022.4\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n1,905.2\n<\/p>\n

\nInvestment in unconsolidated ventures\n<\/p>\n

\n\u00a0\n<\/p>\n

\n0.5\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n0.9\n<\/p>\n

\nProperty and equipment, net\n<\/p>\n

\n\u00a0\n<\/p>\n

\n5.7\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n2.9\n<\/p>\n

\nOther assets\n<\/p>\n

\n\u00a0\n<\/p>\n

\n49.6\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n39.1\n<\/p>\n

\nTotal assets\n<\/p>\n

\n$\n<\/p>\n

\n2,343.0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n$\n<\/p>\n

\n2,101.7\n<\/p>\n

\nLIABILITIES\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\nAccounts payable\n<\/p>\n

\n$\n<\/p>\n

\n72.2\n<\/p>\n

\n\u00a0\n<\/p>\n

\n$\n<\/p>\n

\n47.4\n<\/p>\n

\nAccrued development costs\n<\/p>\n

\n\u00a0\n<\/p>\n

\n122.3\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n104.5\n<\/p>\n

\nEarnest money on sales contracts\n<\/p>\n

\n\u00a0\n<\/p>\n

\n136.2\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n148.3\n<\/p>\n

\nDeferred tax liability, net\n<\/p>\n

\n\u00a0\n<\/p>\n

\n36.9\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n24.4\n<\/p>\n

\nAccrued expenses and other liabilities\n<\/p>\n

\n\u00a0\n<\/p>\n

\n70.1\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n56.7\n<\/p>\n

\nDebt\n<\/p>\n

\n\u00a0\n<\/p>\n

\n706.0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n704.5\n<\/p>\n

\nTotal liabilities\n<\/p>\n

\n\u00a0\n<\/p>\n

\n1,143.7\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n1,085.8\n<\/p>\n

\nEQUITY\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\nCommon stock, par value $1.00 per share, 200,000,000 authorized shares,
\n
49,761,480 and 49,580,389 shares issued and outstanding
\n
at September 30, 2022 and 2021, respectively\n<\/p>\n

\n\u00a0\n<\/p>\n

\n49.8\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n49.6\n<\/p>\n

\nAdditional paid-in capital\n<\/p>\n

\n\u00a0\n<\/p>\n

\n640.6\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n636.2\n<\/p>\n

\nRetained earnings\n<\/p>\n

\n\u00a0\n<\/p>\n

\n507.9\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n329.1\n<\/p>\n

\nStockholders’ equity\n<\/p>\n

\n\u00a0\n<\/p>\n

\n1,198.3\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n1,014.9\n<\/p>\n

\nNoncontrolling interests\n<\/p>\n

\n\u00a0\n<\/p>\n

\n1.0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n1.0\n<\/p>\n

\nTotal equity\n<\/p>\n

\n\u00a0\n<\/p>\n

\n1,199.3\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n1,015.9\n<\/p>\n

\nTotal liabilities and equity\n<\/p>\n

\n$\n<\/p>\n

\n2,343.0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n$\n<\/p>\n

\n2,101.7\n<\/p>\n

\nFORESTAR GROUP INC.\n<\/p>\n

\nConsolidated Statements of Operations\n<\/p>\n

\n(Unaudited)\n<\/p>\n

\u00a0<\/p>\n

\n\u00a0\n<\/p>\n

\nThree Months Ended
\n
September 30,\n<\/p>\n

\n\u00a0\n<\/p>\n

\nYear Ended
\n
September 30,\n<\/p>\n

\n\u00a0\n<\/p>\n

\n2022\n<\/p>\n

\n\u00a0\n<\/p>\n

\n2021\n<\/p>\n

\n\u00a0\n<\/p>\n

\n2022\n<\/p>\n

\n\u00a0\n<\/p>\n

\n2021\n<\/p>\n

\n\u00a0\n<\/p>\n

\n(In millions, except per share amounts)\n<\/p>\n

\nRevenues\n<\/p>\n

\n$\n<\/p>\n

\n381.4\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n$\n<\/p>\n

\n418.7\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n$\n<\/p>\n

\n1,519.1\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n$\n<\/p>\n

\n1,325.8\n<\/p>\n

\n\u00a0\n<\/p>\n

\nCost of sales\n<\/p>\n

\n\u00a0\n<\/p>\n

\n292.2\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n342.8\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n1,195.1\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n1,096.6\n<\/p>\n

\n\u00a0\n<\/p>\n

\nSelling, general and administrative expense\n<\/p>\n

\n\u00a0\n<\/p>\n

\n23.7\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n19.7\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n93.6\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n68.4\n<\/p>\n

\n\u00a0\n<\/p>\n

\nEquity in earnings of unconsolidated ventures\n<\/p>\n

\n\u00a0\n<\/p>\n

\n(0.1\n<\/p>\n

\n)\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u2014\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n(1.2\n<\/p>\n

\n)\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n(0.2\n<\/p>\n

\n)\n<\/p>\n

\nGain on sale of assets\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u2014\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n(2.5\n<\/p>\n

\n)\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n(3.2\n<\/p>\n

\n)\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n(2.5\n<\/p>\n

\n)\n<\/p>\n

\nInterest and other income\n<\/p>\n

\n\u00a0\n<\/p>\n

\n(0.8\n<\/p>\n

\n)\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n(0.1\n<\/p>\n

\n)\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n(1.0\n<\/p>\n

\n)\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n(1.2\n<\/p>\n

\n)\n<\/p>\n

\nLoss on extinguishment of debt\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u2014\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u2014\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u2014\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n18.1\n<\/p>\n

\n\u00a0\n<\/p>\n

\nIncome before income taxes\n<\/p>\n

\n\u00a0\n<\/p>\n

\n66.4\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n58.8\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n235.8\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n146.6\n<\/p>\n

\n\u00a0\n<\/p>\n

\nIncome tax expense\n<\/p>\n

\n\u00a0\n<\/p>\n

\n15.6\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n14.7\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n57.0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n36.1\n<\/p>\n

\n\u00a0\n<\/p>\n

\nNet income\n<\/p>\n

\n\u00a0\n<\/p>\n

\n50.8\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n44.1\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n178.8\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n110.5\n<\/p>\n

\n\u00a0\n<\/p>\n

\nNet income attributable to noncontrolling interests\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u2014\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n0.1\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u2014\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n0.3\n<\/p>\n

\n\u00a0\n<\/p>\n

\nNet income attributable to Forestar Group Inc.\n<\/p>\n

\n$\n<\/p>\n

\n50.8\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n$\n<\/p>\n

\n44.0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n$\n<\/p>\n

\n178.8\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n$\n<\/p>\n

\n110.2\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\nBasic net income per common share attributable to Forestar Group Inc.\n<\/p>\n

\n$\n<\/p>\n

\n1.02\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n$\n<\/p>\n

\n0.89\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n$\n<\/p>\n

\n3.59\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n$\n<\/p>\n

\n2.25\n<\/p>\n

\n\u00a0\n<\/p>\n

\nWeighted average number of common shares\n<\/p>\n

\n\u00a0\n<\/p>\n

\n49.9\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n49.6\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n49.8\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n48.9\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\nDiluted net income per common share attributable to Forestar Group Inc.\n<\/p>\n

\n$\n<\/p>\n

\n1.02\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n$\n<\/p>\n

\n0.89\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n$\n<\/p>\n

\n3.59\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n$\n<\/p>\n

\n2.25\n<\/p>\n

\n\u00a0\n<\/p>\n

\nAdjusted weighted average number of common shares\n<\/p>\n

\n\u00a0\n<\/p>\n

\n49.9\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n49.7\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n49.8\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n49.0\n<\/p>\n

\n\u00a0\n<\/p>\n

\nFORESTAR GROUP INC.\n<\/p>\n

\nRevenues, Residential Lots Sold and Lot Position\n<\/p>\n

\u00a0<\/p>\n

\n\u00a0\n<\/p>\n

\nREVENUES\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\nThree Months Ended September 30,\n<\/p>\n

\n\u00a0\n<\/p>\n

\nYear Ended September 30,\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n2022\n<\/p>\n

\n\u00a0\n<\/p>\n

\n2021\n<\/p>\n

\n\u00a0\n<\/p>\n

\n2022\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n2021\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n(In millions)\n<\/p>\n

\n\u00a0\n<\/p>\n

\nResidential lot sales:\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\nDevelopment projects\n<\/p>\n

\n$\n<\/p>\n

\n341.4\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n$\n<\/p>\n

\n385.6\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n$\n<\/p>\n

\n1,420.2\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n$\n<\/p>\n

\n1,182.6\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\nLot banking projects\n<\/p>\n

\n\u00a0\n<\/p>\n

\n6.2\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n14.7\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n33.5\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n116.1\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\nDecrease (increase) in contract liabilities\n<\/p>\n

\n\u00a0\n<\/p>\n

\n(0.3\n<\/p>\n

\n)\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n(1.7\n<\/p>\n

\n)\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n1.8\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n(5.6\n<\/p>\n

\n)\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n347.3\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n398.6\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n1,455.5\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n1,293.1\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\nDeferred development projects\n<\/p>\n

\n\u00a0\n<\/p>\n

\n6.4\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u2014\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n26.8\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u2014\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n353.7\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n398.6\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n1,482.3\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n1,293.1\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\nTract sales and other\n<\/p>\n

\n\u00a0\n<\/p>\n

\n27.7\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n20.1\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n36.8\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n32.7\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\nTotal revenues\n<\/p>\n

\n$\n<\/p>\n

\n381.4\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n$\n<\/p>\n

\n418.7\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n$\n<\/p>\n

\n1,519.1\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n$\n<\/p>\n

\n1,325.8\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\nRESIDENTIAL LOTS SOLD\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\nThree Months Ended September 30,\n<\/p>\n

\n\u00a0\n<\/p>\n

\nYear Ended September 30,\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n2022\n<\/p>\n

\n\u00a0\n<\/p>\n

\n2021\n<\/p>\n

\n\u00a0\n<\/p>\n

\n2022\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n2021\n<\/p>\n

\n\u00a0\n<\/p>\n

\nDevelopment projects\n<\/p>\n

\n\u00a0\n<\/p>\n

\n3,861\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n4,615\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n16,454\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n14,221\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\nLot banking projects\n<\/p>\n

\n\u00a0\n<\/p>\n

\n53\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n287\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n383\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n1,694\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n3,914\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n4,902\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n16,837\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n15,915\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\nDeferred development projects\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u2014\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u2014\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n854\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u2014\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n3,914\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n4,902\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n17,691\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n15,915\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\nAverage sales price per lot (1)<\/p>\n

\n$\n<\/p>\n

\n88,800\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n$\n<\/p>\n

\n81,600\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n$\n<\/p>\n

\n86,300\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n$\n<\/p>\n

\n81,600\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\nLOT POSITION\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\nSeptember 30,\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n2022\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n2021\n<\/p>\n

\n\u00a0\n<\/p>\n

\nLots owned\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n61,800\n<\/p>\n

\n(2)\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n64,400\n<\/p>\n

\n\u00a0\n<\/p>\n

\n(3)\n<\/p>\n

\nLots controlled under land and lot purchase contracts\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n28,300\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n32,600\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\nTotal lots owned and controlled\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n90,100\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n97,000\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

_____________<\/p>\n

\n(1)\n<\/p>\n

\nExcludes lots sold from deferred development projects and any impact from change in contract liabilities.\n<\/p>\n

\n(2)\n<\/p>\n

\nLots owned at September 30, 2022 included approximately 17,800 under contract to sell to D.R. Horton and 18,900 subject to a right of first offer to purchase by D.R. Horton.\n<\/p>\n

\n(3)\n<\/p>\n

\nLots owned at September 30, 2021 included approximately 21,000 under contract to sell to D.R. Horton and 18,200 subject to a right of first offer to purchase by D.R. Horton.\n<\/p>\n

\n\u00a0\n<\/p>\n

Contacts <\/p>\n

\nKatie Smith, 817-769-1860
\n
Director of Finance & Investor Relations
\n
InvestorRelations@forestar.com<\/a><\/p>","protected":false},"excerpt":{"rendered":"

ARLINGTON, Texas–(BUSINESS WIRE)–$FOR–Forestar Group Inc. (\u201cForestar\u201d) (NYSE: FOR), a leading national residential lot developer, today reported financial results for the fourth quarter and fiscal year ended September 30, 2022. Fiscal 2022 Fourth Quarter Highlights All comparisons are year-over-year Net income attributable to Forestar increased 15% to $50.8 million or $1.02 per diluted share Pre-tax income […]<\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[49630],"tags":[],"settori":[],"slider_categorie_and_home_page":[],"class_list":["post-833510","post","type-post","status-publish","format-standard","hentry","category-real-estate-in-asia-pacific"],"acf":[],"yoast_head":"\nForestar Reports Fourth Quarter and Fiscal 2022 Results - BeBeez<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/bebeez.it\/en\/real-estate-in-asia-pacific\/forestar-reports-fourth-quarter-and-fiscal-2022-results\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Forestar Reports Fourth Quarter and Fiscal 2022 Results - BeBeez\" \/>\n<meta property=\"og:description\" content=\"ARLINGTON, Texas–(BUSINESS WIRE)–$FOR–Forestar Group Inc. 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