Citizens Highlights Forestar Group (FOR) Revenue Beat Despite Lower Lot Sales

分组1 - Forestar Group Inc. (NYSE:FOR) is considered one of the most undervalued REIT stocks currently available for investment [1] - The company reported fiscal first quarter 2026 revenue of $273 million, exceeding expectations of $265.48 million by 2.83% [1] - Earnings per share were $0.30, which fell short of Citizens' projection of $0.34 and the average forecast of $0.32, primarily due to a 17% year-over-year decline in lots sold [1][2] 分组2 - To counteract the lower volume of lots sold, Forestar Group increased its average selling price by marketing larger lots with more exposure to Western markets [2] - The weaker performance is attributed to ongoing affordability issues in the entry-level real estate market, where house prices remain high relative to mortgage rates [2] - Forestar Group is one of the largest residential community developers in the United States, focusing on acquiring entitled real estate and developing it into finished residential lots for sale to homebuilders [3]