Forestar Group (FOR) Tops Q2 EPS by 13c
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Forestar Group Inc. Reports Second Quarter 2016 Results
July 29, 2016 6:30 AM EDTSecond Quarter 2016 Highlights
Core community development business sold 489 residential lots for over $66,600 per lot Over 1,680 lots currently under option contracts with builders Texas finished vacant housing inventory remains within equilibrium levels Reduced outstanding debt $260.9 million Retired $216.6 million of 8.50% Senior Secured Notes Retired $5.0 million of 3.75% Convertible Senior Notes Repaid $39.3 million in project level debt; Radisson Hotel & Suites and Eleven Reduced annual interest expense... More