Toll Brothers, Inc. builds luxury homes and residential communities across U.S. markets. News about TOL commonly covers new community openings, model-home grand openings, final sales opportunities, and planned collections of single-family homes, townhomes, and condominiums in regional markets such as Florida, Georgia, California, Texas, and Connecticut.
The company’s recurring updates also describe home designs, community amenities, buyer categories, and related operations in architecture, engineering, mortgage, title, land development, smart home technology, landscape, and building components manufacturing. Earnings announcements and conference-call notices add periodic reporting on home sales, deliveries, contracts, backlog, margins, and other homebuilding operating measures.
Toll Brothers, a leading luxury home builder, has declared a quarterly cash dividend of $0.20 per share, which will be paid on January 20, 2023. Shareholders on record as of January 6, 2023 will be eligible for this dividend. This announcement reflects the company's commitment to returning value to its investors amidst its operations across 60 markets in 24 states. Toll Brothers, recognized as the World’s Most Admired Homebuilder in 2022 by Fortune, continues to enhance its market position in the luxury home sector.
Toll Brothers (NYSE:TOL) has completed the construction of a state-of-the-art 30,000-square-foot amenity center, named The Pearl, at its Regency at Avenir community in Palm Beach Gardens, Florida. This luxury community targets active adults aged 55+, featuring 469 single-family homes with prices starting from the upper $500,000s. The Pearl offers various amenities, including fitness facilities, a golf simulator, and social spaces, designed to promote a vibrant lifestyle. The community is conveniently located near shopping and entertainment.
Toll Brothers has announced the opening of Toll Brothers at Hudson Landing, featuring 93 luxury townhomes along the Hudson River in Dutchess County, New York. The project includes two model homes scheduled to open in early 2023, with prices starting in the low $600,000s. Residents will enjoy amenities such as a clubhouse, swimming pool, and walking trails, alongside easy access to major highways. The community aims to exemplify the Toll Brothers luxury brand, allowing home buyers to personalize homes through the state-of-the-art Design Studio.
Toll Brothers, the leading luxury home builder, reported strong Q4 fiscal results for 2022, with net income of $640.5 million and earnings per share of $5.63, up from $374.3 million and $3.02 in Q4 2021. Home sales revenues increased 21% to $3.6 billion, while delivered homes rose 13% to 3,765. However, net signed contracts dropped 56% to $1.3 billion. Full FY 2022 highlighted a net income of $1.29 billion on revenues of $9.71 billion. The company projects FY 2023 adjusted gross margins of 27.0% and earnings per share between $8.00 to $9.00.
Toll Brothers, Inc. (NYSE: TOL) announced the development of a new luxury home community, Toll Brothers at Crystal Valley, in Castle Rock, Colorado, set to open in summer 2023. This master-planned resort community will feature oversized home sites with valley views and four distinct luxury home designs starting in the mid-$900,000s. Residents will enjoy access to top-rated Douglas County schools and amenities including a clubhouse, fitness center, and miles of trails. The location offers convenient access to major highways and recreational facilities.
Toll Brothers announced the opening of the Overlook Collection at Montaine in Castle Rock, Colorado, set for early 2023. This collection features four luxury home designs, with prices starting in the mid-$700,000s. Montaine offers resort-style amenities including a clubhouse, pool, and numerous trails, all while being situated in a highly-rated school district. The community is conveniently located near shopping and dining options, enhancing its appeal for potential home buyers.
Toll Brothers Apartment Living has topped out Broad & Noble, an 18-story, 344-unit luxury mixed-use community in Philadelphia. This development, scheduled for initial occupancy in summer 2023, encompasses over 282,000 square feet, including retail space. The project is funded by a $100.2 million construction loan from Wells Fargo. With high-end finishes and state-of-the-art amenities, Broad & Noble aims to enhance rental offerings in the vibrant North Philadelphia area, attracting urban renters and contributing to the local economy.
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Toll Brothers, the leading luxury home builder, will hold a conference call on December 7, 2022, at 8:30 a.m. ET to discuss its fourth-quarter results for FY 2022, which will be released after market close on December 6, 2022. Interested parties can access the call live via the company's website. Toll Brothers operates in over 60 markets across 24 states and serves various buyer segments. Recognized for excellence, it has received multiple accolades, including being named the World's Most Admired Homebuilder for seven consecutive years by FORTUNE magazine.
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