Forestar Group (FOR) Registration Filing summary

Company overview and business model

• Operates as a residential lot development company in 60 markets across 24 states as of June 30, 2024.

• Majority-owned subsidiary of D.R. Horton since October 2017, with D.R. Horton holding approximately 62% of outstanding common stock as of June 30, 2024.

• Focuses on land acquisition and development to sell finished single-family residential lots to homebuilders.

Use of proceeds and capital allocation

• Net proceeds from securities sales will be used for general corporate purposes, including working capital, land and lot acquisitions, company acquisitions, and debt repayment or repurchase.

• Will not receive proceeds from the sale of shares by D.R. Horton.

Risk factors and disclosures

• Exposed to risks such as D.R. Horton's controlling ownership, industry cyclicality, inflation, interest rates, supply shortages, public health issues, weather, regulatory changes, and dependence on homebuilder relationships.

• Additional risks are detailed in incorporated annual and quarterly reports.