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Balance Sheet Cash Flow Statement 1300 S. MoPac Expwy., Ste. 3 South Austin, TX 78746 TX Tel. 512-433-5200 Fax 512-433-5204 |
Type: Public
On the web:
http://www.forestargroup.com
Employees:
93
Employee growth: 5.7%
Forestar Group (formerly Forestar Real Estate Group) wants to succeed by going south. The company, which operates in the southern US, operates through three segments: real estate, mineral resources, and fiber resources. Its primary activity is developing residential and mixed-use communities; it has two-dozen entitlement projects, mostly in Texas and in the Atlanta area. Forestar owns more than 250,000 acres of real estate, mostly undeveloped land. The group also holds some 625,000 net acres of oil and gas mineral interests. The fiber resources segment encompasses the sale of wood fiber taken from the company's land holdings. Forestar was spun off from paper products manufacturer Temple-Inland in late 2007.
Key numbers for fiscal year ending December, 2008:
Sales: $159.7M
One year growth: (10.3%)
Net income: $12.0M
Income growth: (51.7%)
Officers:
Chairman: Kenneth M. (Kenny) Jastrow II
President, CEO, and Director: James M. (Jim) DeCosmo
CFO: Christopher L. Nines
Competitors:
Bowen Family Homes
Hillwood
LGI Development
