Taylor Morrison Home Corporation hosted its first-ever Investor Day, where it updated its multi-year financial targets and introduced longer-term growth ambitions through 2028. The company is targeting approximately 20,000 home closings by 2028, a significant increase from its current levels. This ambition is supported by a well-defined strategy to drive profitable growth.
The company also reaffirmed its commitment to generating attractive and improved returns for shareholders, aiming for low-to-mid 20% home closings gross margins and mid-to-high teens return on equity. Taylor Morrison plans to repurchase approximately $350 million in shares in 2025, underscoring its focus on capital allocation and shareholder value.
Strategic initiatives include expanding community count, targeting at least 355 ending outlets by year-end 2025, and increasing its controlled lot percentage to at least 65% through asset-light land strategies. Chairman and CEO Sheryl Palmer highlighted the company's diversified homebuilding portfolio and operational capabilities as competitive differentiators that instill confidence in its positive long-term outlook.
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