Below are the top five cash rich companies in the Real Estate Development industry as ranked by Cash Equivalents, according to http://www.mysmartrend.com/. Analysts use CE as a measure to compare the cash cushion of companies in the same industry.
Avatar Holdings (NASDAQ:AVTR) ranks first with CE of $213.23M; Forestar Group (NYSE:FOR) ranks second with CE of $6.59M; and Stratus Properties (NASDAQ:STRS) ranks third with CE of $5.91M. Homefed (NASDAQ:HOFD) follows with a CE of $5.87M and Maui Land & Pineapple (NYSE:MLP) rounds out the top five with a CE of $0.8M.
Avatar Holdings Inc. operates in the real estate business in Florida and Arizona. It engages in the development, sale, and management of active adult communities that include recreation facilities, two 18-hole golf courses, and an active park housing various sporting and games facilities. The company also involves in the development and sale of primary residential communities. In addition, it sells commercial and industrial land for third-party development, primarily in Poinciana. As of December 31, 2009, it owned approximately 16,000 acres and had ownership interest in an additional 830 acres of developed, partially developed, and developable residential, commercial, and industrial property. The company was founded in 1970 and is headquartered in Coral Gables.
Monday, July 19, 2010
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