Forestar (US:FOR)2026-01-20 19:59Financial Performance - Net income for Q1 fiscal 2026 decreased 7% to $15.4 million, or $0.30 per diluted share, compared to $16.5 million, or $0.32 per diluted share in Q1 fiscal 2025[3] - Revenues for Q1 fiscal 2026 increased 9% to $273.0 million from $250.4 million in the same quarter of fiscal 2025[3] - Return on equity was 9.8% for the trailing twelve months ended December 31, 2025[4] - Book value per share increased 10% to $35.10[7] Sales and Lots - Lots sold during Q1 fiscal 2026 decreased 17% to 1,944 lots compared to 2,333 lots in Q1 fiscal 2025[5] - The company expects to deliver between 14,000 and 15,000 lots in fiscal 2026, generating $1.6 billion to $1.7 billion of revenue[9] Assets and Liquidity - The company's lot position at December 31, 2025, was 101,000 lots, with 24,100 lots under contract to be sold, representing approximately $2.2 billion of future revenue[6] - The company ended the quarter with $211.7 million of unrestricted cash and $607.6 million of available borrowing capacity, totaling $819.3 million in liquidity[8] - The net debt to total capital ratio at the end of the quarter was 24.6%[8] - Real estate assets totaled $2.9 billion as of December 31, 2025[7]