Toll Brothers
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| Public | |
| Traded as | : TOL S&P 400 Component |
| Industry | Homebuilding |
| Founded | 1967 |
| Founder |
Robert I. Toll Bruce E. Toll |
| Headquarters | Horsham, Pennsylvania, United States |
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Key people
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| Products | New homes and condos |
| Revenue |
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Number of employees
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2,396 (2013) |
| Website | http://www.tollbrothers.com/ |
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Footnotes / references |
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US$3.91 billion (2014)Toll Brothers is an American real estate company based in Horsham, Pennsylvania. They are a builder of luxury homes in major metropolitan areas in the contiguous United States. Toll Brothers is a publicly-traded company listed on the .
As of October 2013, Toll Brothers owned 103 subsidiary corporations, 241 limited liability companies and had active partnerships with 211 companies. It has subsidiaries for land development, engineering, marketing, golf course, architecture, mortgaging, title insurance and landscaping. Toll Commercial and Toll Brothers Realty Trust are subsidiaries for commercial property. Gibraltar Capital and Asset Management buys existing real estate portfolios. Toll Brothers City Living builds luxury condos and townhomes.
As of January 2016 Toll Brothers operated in 50 markets across 19 American states. At the end of 2014 Toll Brothers reported having 263 active communities.
In 2015, Builder Magazine regarded Toll Brothers as the tenth largest American builder based on 2014 total closings of 5,397 homes. They were the fifth largest American builder based on 2014 revenue of $3.912 billion.
Toll Brothers reported in 2015 that its average delivered home price was US$755,000 and its average backlog price was US$862,000. This was approximately 2.5 times the average American new home selling price in December 2015.Bloomberg regards them as the largest luxury-home builder in the United States in December 2015.
As of October 31, 2015, the company had over $928 million in cash and marketable securities, revenue of $4.171 billion and income of $535 million before taxes.
Toll Brothers was founded in 1967 in Pennsylvania by Robert I. Toll and Bruce E. Toll. Bob received a law degree from University of Pennsylvania and his B.A. from Cornell University, while his brother Bruce had an accounting degree from the University of Miami. Their father, Albert, built homes and the brothers believed that the new home industry had more to offer. Bruce was 24 at the time.
In 1982 Toll Brothers expanded to New Jersey. In May 1986 where they developed property in Kennelon, NJ, in cooperation with Michael Felkay. Toll Brothers was incorporated as a Delaware corporation with a public offering raising $40 million.
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Wikipedia