Toll Brothers, Inc. - TOL STOCK NEWS

Toll Brothers (NYSE:TOL) announced its newest community, Skyway Landing, coming to Sanford, Florida in early 2025. The gated community will feature luxury townhomes ranging from 1,500 to 2,000+ square feet, with prices starting from the upper $300,000s. Each townhome will include 3 bedrooms, 2 baths, and 1- or 2-car garages.

The development will offer four distinctive two-story designs and include amenities such as a pool and cabana. Located near Historic Downtown Sanford and Lake Monroe, the community provides access to parks, trails, and wildlife reserves. It falls within the highly-ranked Seminole County school district. Homebuyers will have access to the Toll Brothers Design Studio for personalization options.

Toll Brothers (NYSE:TOL) reported strong Q4 FY2024 results with net income of $475.4 million ($4.63 per diluted share), up from $445.5 million ($4.11 per share) in Q4 FY2023. Home sales revenues increased 10% to $3.26 billion, with delivered homes up 25% to 3,431 units.

For full FY2024, the company achieved record revenues of $10.56 billion, up 7% year-over-year, with net income of $1.57 billion ($15.01 per diluted share). Net signed contracts value rose 27% to $10.07 billion. The company maintained strong margins with adjusted home sales gross margin at 28.4%.

Looking ahead to FY2025, Toll Brothers targets delivering 11,200-11,600 units and expanding its community count by 10%. The company ended Q4 with $1.30 billion in cash and a strong land position of approximately 74,700 lots owned and optioned.

Toll Brothers (NYSE:TOL) has announced its new luxury home community, The Cove at Encinitas, coming to La Costa Avenue in Encinitas, California in early 2025. The exclusive neighborhood will feature 42 homes ranging from 1,600 to 4,000+ square feet, with prices starting at $3.2 million.

The homes will offer 3 to 5 bedrooms and 2.5 to 5.5 baths, featuring coastal contemporary, contemporary craftsman, and modern farmhouse architectural styles. Each residence will include open-concept layouts with spacious kitchens, great rooms, and various bonus spaces. The community will be within walking distance of South Ponto Beach and include two pocket parks.

Toll Brothers (NYSE:TOL) announced the opening of Nola at Escena, a new luxury home community in Palm Springs, California, launching sales on December 7, 2024. The exclusive neighborhood will feature 40 single-story homes ranging from 2,200 to 2,400+ square feet, priced from $1.3 million.

Located within the gated Escena golf community, homes will offer 2-3 bedrooms, 2-3 bathrooms, and a 2-car garage with pool. Residents will have access to the public Escena Golf Club and Escena Lounge & Grill, along with proximity to retail, dining, parks, hiking trails, and Palm Springs International Airport.

Toll Brothers has announced the opening of model homes at three new luxury communities in Cumming, Georgia: Northfield, Sterling Pointe, and CrossCreek. The model homes, which showcase the company's signature craftsmanship, innovative designs, and high-quality finishes, are now available for tours following recent Grand Opening events at each location.

Toll Brothers (NYSE:TOL) has announced the opening of its newest luxury home community, Enchanted Bluff, near San Antonio, Texas. The community features one-acre home sites with single- and two-story designs ranging from 3,198 to 5,184+ square feet. Homes offer 4 to 5 bedrooms and are priced from the low $900,000s to over $1.14 million.

Located in Garden Ridge, the community provides access to walking trails, outdoor recreation, and proximity to attractions like Natural Bridge Caverns. Residents will have access to the Comal Independent School District. The development includes homes with first-floor primary bedroom suites, 3- to 4-car garages, and customizable features through the Toll Brothers Design Studio experience.

Toll Brothers (NYSE:TOL) announced its newest luxury home community, Toll Brothers at August Park, coming to Spring Hill, Tennessee. The community will feature 31 single-family homes priced from $1 million, with construction of the model home beginning in January and sales starting in spring 2025. Located near the new June Lake Interstate 65 interchange, the development will offer four home designs ranging from 2,950 to 4,000+ square feet with 4-5 bedrooms. Residents will have access to a pool and pool house, proximity to shopping and dining, and children will attend Williamson County School District.

Toll Brothers has announced the final opportunity to purchase homes at Verona Estates, an exclusive gated community in Chatsworth, California. The development features luxury homes ranging from 4,700 to 6,000+ square feet, with 5-6 bedrooms, 4.5-6.5 bathrooms, and 3-car garages. The remaining homes include the professionally decorated Siena Modern Farmhouse model home, priced at $2,999,995.

Located south of the Santa Susana Mountains and adjacent to the Vineyards at Porter Ranch, the community offers distinctive architecture, quality craftsmanship, and luxurious designs with open floor plans. Move-in ready homes start from $1,979,995. Residents will enjoy proximity to shopping, freeways, entertainment, and the future 50-acre Porter Ranch community park.

Toll Brothers (NYSE: TOL) announced a joint venture with Daiwa House to develop Vista Pointe, a luxury condominium community in West New York, New Jersey. The nine-story, 73-unit development will be located at 8 Avenue at Port Imperial, featuring waterfront views of Manhattan. The project includes units ranging from 988 to 2,235 square feet with one to four bedrooms, plus 11,000 square feet of indoor amenities. Toll Brothers will lead development, overseeing approvals, design, construction, and sales. The partnership secured acquisition and construction financing through Bank OZK.