CONSOLIDATED BALANCE SHEETS - USD ($) $ in Millions	Mar. 31, 2026	Sep. 30, 2025
ASSETS
Cash and cash equivalents	$ 362.2	$ 379.2
Real estate	2,709.7	2,645.1
Property and equipment, net	7.7	8.1
Other assets	93.0	104.6
Total assets	3,172.6	3,137.0
LIABILITIES
Accounts payable	73.3	71.0
Accrued development costs	113.9	131.8
Earnest money on sales contracts	208.6	193.3
Deferred tax liability, net	84.3	86.2
Accrued expenses and other liabilities	79.1	83.1
Debt	793.5	802.7
Total liabilities	1,352.7	1,368.1
Commitments and contingencies (Note 11)
Forestar Group Inc. shareholders’ equity:
Common stock, par value $1.00 per share, 200,000,000 authorized shares, 51,008,733 and 50,833,171 shares issued and outstanding at March 31, 2026 and September 30, 2025, respectively	51.0	50.8
Additional paid-in capital	674.2	671.0
Retained earnings	1,093.6	1,046.1
Stockholders' equity	1,818.8	1,767.9
Noncontrolling interests	1.1	1.0
Total equity	1,819.9	1,768.9
Total liabilities and equity	$ 3,172.6	$ 3,137.0