Forestar Group Shares Down After Posting Lower 1Q Profit

Dow Jones01-21

By Elias Schisgall

Shares of Forestar Group were down after the company reported a lower profit in the first quarter.

The stock retreated 3.9% to $26.33 as of midday Tuesday. The stock is down 2.2% in the past year.

The real estate developer on Tuesday reported a first-quarter profit of $15.4 million, or 30 cents a share, compared with a profit of $16.5 million, or 32 cents a share, a year earlier.

Revenue rose to $273 million, up from $250.4 million a year earlier. Analysts surveyed by FactSet were expecting revenue of $265.6 million.

Forestar is adapting to a slower market for new homes by targeting new homebuyers at accessible price points, Chief Operating Officer Mark Walker said on a call with investorsn.

"Demand for new homes continues to be impacted by affordability constraints and cautious consumer sentiment," he said. "Our primary focus remains developing lots for new homes at prices that target entry-level and first-time buyers, which is the largest segment of the new home market."

Write to Elias Schisgall at elias.schisgall@wsj.com

(END) Dow Jones Newswires

January 20, 2026 12:52 ET (17:52 GMT)

Copyright (c) 2026 Dow Jones & Company, Inc.

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The stock is down 2.2% in the past year. \n\n\n  The real estate developer on Tuesday reported a first-quarter profit of $15.4 million, or 30 cents a share, compared with a profit of $16.5 million, or 32 cents a share, a year earlier. \n\n\n  Revenue rose to $273 million, up from $250.4 million a year earlier. Analysts surveyed by FactSet were expecting revenue of $265.6 million. \n\n\n  Forestar is adapting to a slower market for new homes by targeting new homebuyers at accessible price points, Chief Operating Officer Mark Walker said on a call with investorsn. \n\n\n  \"Demand for new homes continues to be impacted by affordability constraints and cautious consumer sentiment,\" he said. \"Our primary focus remains developing lots for new homes at prices that target entry-level and first-time buyers, which is the largest segment of the new home market.\" \n\n\n \n\n\n  Write to Elias Schisgall at elias.schisgall@wsj.com \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  January 20, 2026 12:52 ET (17:52 GMT)\n\n\n  Copyright (c) 2026 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-1","news_tag":"dataReport","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"tenantId":"TBGLOBAL","deviceId":"web-server-community-laohu8-v3","version":"4.36.1","shortVersion":"4.36.1","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2605148430","isCrawlerRequest":true}