Forestar Group (FOR) Misses Q1 EPS by 16c
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Forestar Group Inc. Reports First Quarter 2016 Results
May 10, 2016 7:12 PM EDTAdditional progress executing key initiatives to reduce costs, exit non-core assets and focus on maximizing shareholder value
First Quarter 2016
Sold Kansas / Nebraska oil and gas assets for $21.0 million Sold over 900 net acres and 9 producing wells in Bakken / Three Forks for $9.5 million Sold Music Row multifamily site for $15.0 million Sold 360° multifamily venture interest and received a development fee for a total of $15.1 million Retired $8.6 million of senior secured notes, reducing annual interest expense by... More