Welcome to our dedicated page for Toll Brothers news (Ticker: TOL), a resource for investors and traders seeking the latest updates and insights on Toll Brothers stock.
Toll Brothers, Inc. (NYSE: TOL) is a leading national luxury homebuilder shaping residential real estate through innovative communities and premium urban developments. This dedicated news hub provides investors and industry observers with comprehensive updates on corporate milestones, financial disclosures, and strategic initiatives.
Track official announcements including quarterly earnings results, executive leadership updates, partnership agreements, and market expansion plans. Our curated collection features press releases covering new community launches, sustainability initiatives, and operational achievements across Toll Brothers' 24-state footprint.
Discover timely insights into the company's luxury homebuilding operations, multifamily developments through Toll Brothers Apartment Living, and design innovation strategies. Content is organized for efficient navigation of material developments impacting both residential buyers and long-term investors.
Bookmark this page for direct access to verified information about TOL's market positioning, industry recognition, and community development projects. Check regularly for updates reflecting the company's performance in the premium housing sector and broader construction industry trends.
Toll Brothers has announced a significant management restructuring. Robert Parahus has been promoted to President and Chief Operating Officer, effective November 1, 2021, overseeing homebuilding operations in 24 states. Karl Mistry and Seth J. Ring have been promoted to Executive Vice President, responsible for East and West operations, respectively. This succession plan was initiated in 2019 and aims to strengthen leadership while preparing the company for future growth in luxury homebuilding.
Toll Brothers has launched its Ridge at Hillcrest community in Porter Ranch, offering the only single-story home designs in the area. The community features 40 estate-sized home sites with prices starting at $1.9 million, ranging from 3,900 to 5,000+ sq. ft.. Twelve model homes have been released, showcasing high-end upgrades and designer features. Ridge at Hillcrest provides access to local amenities, top-ranked schools, and the future 50-acre Porter Ranch community park, with no Mello Roos and low property tax rates.
Toll Brothers, Inc. (NYSE:TOL) reported strong third quarter results for FY 2021, with net income rising to $234.9 million, or $1.87 per share, compared to $114.8 million, or $0.90 per share in FY 2020. Home sales revenues increased by 37% to $2.23 billion, with a record net signed contract value of $2.98 billion. Backlog value reached $9.44 billion, up 55% year-over-year. The company expects continued strong demand driven by favorable market conditions and an increase in community count projections for FY 2022. Adjusted home sales gross margin improved to 25.6% from 23.9%.
Toll Brothers (NYSE: TOL) and Equity Residential (NYSE: EQR) have formed a strategic partnership to develop rental apartment communities in key U.S. markets, including Atlanta, Boston, and Seattle. Equity Residential will provide 75% of the equity for projects, while Toll Brothers will contribute 25%. The partnership aims for a minimum co-investment of $750M, with initial projects costing approximately $242M. Toll Brothers will manage these developments, enhancing capital efficiency, while Equity Residential will gain management fees and the option to acquire properties at stabilization.
Toll Brothers has launched its latest luxury community, Toll Brothers at Bella Collina, located in Montverde, Florida. This upscale estate collection features one- and two-story homes ranging from 4,296 to over 7,000 square feet, with prices starting at $1.1 million. The community is set in a scenic area, just 30 minutes from Orlando, and includes exclusive amenities such as a golf course and a large clubhouse. The model home is expected to begin construction soon, showcasing the high-end lifestyle offered by this new development.
Toll Brothers has acquired StoryBook Homes, a Las Vegas-based homebuilder, enhancing its presence in the local housing market. This acquisition, which involves an undisclosed financial arrangement, adds over 550 lots and strengthens Toll Brothers' offerings for first-time and move-up buyers, with prices between $200,000 and $600,000. StoryBook's operations will continue under its brand, led by current President Janet Love. Toll Brothers operates 16 luxury home communities in Las Vegas, with prices ranging from $400,000 to $1.3 million.
Toll Brothers, the leading builder of luxury homes in the U.S., will host a conference call on August 25, 2021, at 8:30 a.m. ET to discuss its third-quarter financial results for the period ending July 31, 2021. The results will be announced after market close on August 24. Interested parties can access the call via the Investor Relations section of Toll Brothers' website. This year marks the 10th consecutive year the company has been included in FORTUNE's World’s Most Admired Companies list.
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