Log in
Forgot password ?
Become a member for free
Sign up
Sign up
Dynamic quotes 

4-Traders Homepage  >  Equities  >  Nyse  >  Toll Brothers Inc    TOL

Delayed Quote. Delayed  - 07/29 10:07:16 pm
28.01 USD   -1.89%
07/22 TOLL BROTHERS : Ferguson Township supervisors 'committed an error of..
07/14 TOLL BROTHERS : case goes before county judge
07/08 TOLL BROTHERS : Residential Construction Equities Under Scrutiny - P..
News SummaryMost relevantAll newsSector news 

Toll Brothers Inc : Toll Brothers City Living(R) Purchases Prime Site in Bethesda and Opens New Greater Washington, D.C. Urban Office

share with twitter share with LinkedIn share with facebook
share via e-mail
01/16/2013 | 02:54pm CEST

HORSHAM, Pa., Jan. 16, 2013 -- Toll Brothers, Inc. (NYSE:TOL) (www.tollbrothers.com), the nation's leading builder of luxury homes, today announced the expansion of its successful Toll Brothers City Living® division into the Washington, D.C. urban market, which includes Bethesda, with the purchase of a development site in Downtown Bethesda, Maryland. The site, located at 4915 Hampden Lane, between Woodmont Avenue and Arlington Road, is only 3 blocks from the Bethesda metro station. The Company's plans call for a 7-story building with approximately 60 luxury condominium residences and underground parking. Construction is expected to begin in the fall of 2013, with projected sales opening in the spring of 2014.

Douglas C. Yearley, Jr., the Company's chief executive officer, stated, "We are extremely excited to be expanding the Toll Brothers City Living brand into the strong and highly-desirable Greater Washington, D.C. market. D.C is a natural expansion of our City Living brand from our great success in New York City, and we are excited to grow the group around Greater D.C."

This acquisition occurs in conjunction with the opening of a new Toll Brothers City Living Greater D.C. urban office in Downtown Bethesda. With its already significant brand and more than two-decade long presence in suburban Virginia and Maryland, it is a natural evolution to bring Toll Brothers City Living to the Greater Washington, D.C. urban market. The new division office, with a full-time, dedicated team, has been assembled to acquire, develop and build luxury urban residences.

"We are enthusiastic about the Washington, D.C. metro area. With significant capital on hand, we are positioned to close quickly on deals in prime urban locations," said Stephen Alfandre, Director of Acquisitions for Toll Brothers City Living D.C. "The new site on Hampden Lane is a prime example and we are actively looking for more development sites to complement it."

While this is the first condominium site for the Company in the Greater D.C. urban market, Toll Brothers also owns two adjacent development sites along the Capitol Riverfront in Downtown D.C., which will become rental communities under the Company's new Toll Brothers Apartment Living® brand.    

Toll Brothers, Inc. is the nation's leading builder of luxury homes. The Company began business in 1967 and became a public company in 1986. Its common stock is listed on the New York Stock Exchange under the symbol "TOL." The Company serves move-up, empty-nester, active-adult, and second-home buyers and operates in 19 states: Arizona, California, Colorado, Connecticut, Delaware, Florida, Illinois, Maryland, Massachusetts, Michigan, Minnesota, Nevada, New Jersey, New York, North Carolina, Pennsylvania, Texas, Virginia, and Washington.

Toll Brothers builds an array of luxury residential communities, principally on land it develops and improves: single-family detached and attached home communities, master planned resort-style golf communities, and urban low-, mid- and high-rise communities. The Company operates its own architectural, engineering, mortgage, title, land development and land sale, golf course development and management, home security, and landscape subsidiaries. The Company also operates its own lumber distribution, house component assembly, and manufacturing operations. The Company acquires and develops commercial properties through Toll Commercial and its affiliate, Toll Brothers Realty Trust, and purchases distressed loan and real estate asset portfolios through its wholly owned subsidiary, Gibraltar Capital and Asset Management.

Toll Brothers is honored to have won the three most coveted awards in the homebuilding industry: America's Best Builder from the National Association of Home Builders, the National Housing Quality Award and Builder of the Year. Toll Brothers was awarded Builder of the Year for 2012 and is the only two-time recipient. Toll Brothers proudly supports the communities in which it builds; among other philanthropic pursuits, the Company sponsors the Toll Brothers Metropolitan Opera International Radio Network, bringing opera to neighborhoods throughout the world.www.tollbrothers.com.

CONTACT: Frederick N. Cooper, IR/Financial Media
         fcooper@tollbrothersinc.com (215) 938-8312
         Kira Sterling, General Media
         ksterling@tollbrothersinc.com (215) 938-8220

distributed by
share with twitter share with LinkedIn share with facebook
share via e-mail
Latest news on TOLL BROTHERS INC
07/22 TOLL BROTHERS : Ferguson Township supervisors 'committed an error of law,' judge..
07/14 TOLL BROTHERS : case goes before county judge
07/08 TOLL BROTHERS : Residential Construction Equities Under Scrutiny - PulteGroup, D..
07/08 TOLL BROTHERS : Buyers Can Make Their Dream Home Come True During Toll Brothers'..
07/08 TOLL BROTHERS : Building permits
07/03 TOLL BROTHERS : East Coast Couple Chooses Toll Brothers at Kechter Farm for Reti..
06/26 TOLL BROTHERS' : Hills at Parker Releases 32 More Home Sites
06/21 TOLL BROTHERS : Application hearings on former 'town center' plan to be consolid..
06/19 TOLL BROTHERS : Home Sites Released in Final Section at Anthem Ranch by Toll Bro..
06/15 TOLL BROTHERS : Releases New Home Sites in The Estates at Kechter Farm
More news
Sector news : Homebuilding - NEC
07/26 Capital & Counties shares fall after London property holding marked down
07/25DJLONDON MARKETS : FTSE 100 Clings To Thin Gain As Banks Drift Lower
07/21DJPulteGroup Adds New Directors, Reports Upbeat Earnings
07/21DJD R HORTON : Reports Orders, Profit Climb
07/19 U.S. housing starts rise in June; momentum slowing
More sector news : Homebuilding - NEC
News from SeekingAlpha
07/26 New home sales rise to more than 8-year high
07/18 Homebuilder pair trade from Buckingham Research
06/24 KB HOME : Despite Positive Earnings Proceed With Caution
06/21 SIZING UP THE HOMEBUILDERS : Chapter 1 - Toll Brothers
06/17 Homebuilders on the move after housing starts data
Financials ($)
Sales 2016 5 043 M
EBIT 2016 740 M
Net income 2016 461 M
Debt 2016 2 548 M
Yield 2016 -
P/E ratio 2016 10,77
P/E ratio 2017 9,31
EV / Sales 2016 1,43x
EV / Sales 2017 1,19x
Capitalization 4 645 M
More Financials
Duration : Period :
Toll Brothers Inc Technical Analysis Chart | TOL | US8894781033 | 4-Traders
Full-screen chart
Technical analysis trends TOLL BROTHERS INC
Short TermMid-TermLong Term
Technical analysis
Income Statement Evolution
More Financials
Mean consensus OUTPERFORM
Number of Analysts 17
Average target price 36,4 $
Spread / Average Target 30%
Consensus details
EPS Revisions
More Estimates Revisions
Douglas C. Yearley Chief Executive Officer, Director & EVP
Richard T. Hartman President & Chief Operating Officer
Robert I. Toll Executive Chairman
Martin P. Connor Chief Financial Officer
John Critikos Chief Information Officer & Senior Vice President
More about the company
Sector and Competitors
1st jan.Capitalization (M$)
D.R. HORTON, INC.2.65%12 241
SEKISUI HOUSE LTD-16.30%12 015
PULTEGROUP, INC.18.86%7 278
More Results