Revenue segments as reported by the company.

Homebuilding

Financial Services

Multifamily 

Lennar Other

Revenue Segments

Gross Profit, Operating Income, and Net Income as a percentage of Revenue

Gross Margin

Operating Margin

Profit Margin

Margins

An operating expense is an expense a business incurs through its normal business operations. Often abbreviated as OPEX.

Selling, general and administrative

Equity in earnings (loss) from unconsolidated entities, and other gain

Other expense, net

Lennar Other realized and unrealized gain (loss)

Operating Expenses

Year over year growth in Revenue and Operating Expenses.

Revenue Y/Y

OpEx Y/Y

Growth

Shares outstanding refer to a company's stock currently held by all its shareholders, including share blocks held by institutional investors and restricted shares owned by the company's officers and insiders.

Outstanding Shares

Market Cap

Also known as Price/Sales Ratio. Calculated using Average market cap for the quarter / Annualized quarterly revenue.

Revenue Multiple

Lennar

Lennar Corp. is a homebuilder company which engages in the provision of real estate related financial and investment management services. It operates through the following segments: Homebuilding East, Central, Texas, and West, Financial Services, Multifamily, and Lennar Other. The Homebuilding East, Central, Texas, and West segment constructs and sells homes primarily for first-time, move-up, and active adult homebuyers primarily under the Lennar brand name. In addition, the company's homebuilding operations purchase, develop, and sell land to third parties. The Financial Services segment focuses on mortgage financing, title, and closing services for buyers. The Multifamily segment is involved in the development, construction, and property management of multifamily rental properties. The Lennar Other segment includes strategic investments in technology companies. The company was founded by Gene Fisher and Arnold Paul Rosen in 1954 and is headquartered in Miami, FL.

Earnings data Q1 2021

Earnings data Q2 2021

Earnings data Q3 2021

Earnings data Q4 2021

Earnings data Q1 2022

Earnings data Q2 2022

Earnings data Q3 2022

Earnings data Q4 2022

Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

Earnings data Q4 2024

Lennar manages market challenges, eyes growth through strategic initiatives

Lennar tackled market challenges with a focus on volume and cash flow.
Strong balance sheet and liquidity position the company well for growth.
Challenges include market volatility, pricing pressures, and supply shortages.
Opportunities lie in optimizing assets, strategic cash management, and proactive risk mitigation.

Lennar reports strong Q2 results, eyes growth through affordability

Lennar's Q2 performance showcased strength in financial services, cost management, and balance sheet improvements.
Challenges include moderating rental rates, supply chain disruptions, and maintaining cash flow amidst reduced owned lots.
Opportunities for growth through strategic partnerships, market share expansion, and capital allocation strategies are key focus areas.
Overall, Lennar's focus on production consistency, affordability, and strategic growth positions it well for future success.

Lennar reports strong Q3 results, eyes community growth opportunities

Lennar's strong Q3 performance reflects increased home starts, sales, and improved margins.
The company's focus on production efficiency, cost reduction, and land acquisitions is driving profitability.
Challenges include managing pricing dynamics and balancing returns versus growth.
Opportunities lie in community count growth, potential Quarterra plans revival, and strategic initiatives for cash flow.

Lennar delivers strong Q4 results, eyes growth through volume

Lennar's Q4 performance showcased growth in home deliveries and a strong financial position. The company's strategic focus on volume and efficiency drives market share gains. Challenges include managing negative leverage and interest rate impacts.

Lennar excels in Q1, addresses affordability challenges with innovation

Lennar's strong performance in Q1 driven by volume and margin improvements
Balanced focus on efficiency, affordability, and financial strength
Challenges include affordability concerns and market volatility
Opportunities lie in innovative housing solutions and strategic financial moves

Lennar Q2 2024: Strong Margins, Asset-Light Strategy Progress

Lennar's Q2 2024 earnings call highlighted strong operational and financial performance, with significant progress in their transition to an asset-light business model. The company is navigating macroeconomic challenges effectively, while strategic initiatives like the land asset spin-off present new growth opportunities. Continued focus on operational efficiency and strategic asset management is expected to sustain Lennar's market leadership.

Lennar reports strong Q3 earnings and growth outlook amidst challenges

Lennar's Q3 performance reflects strong earnings in key segments and a robust cash position, setting a positive tone for future growth.
While facing challenges like housing shortages and margin fluctuations, Lennar's strategic initiatives and market positioning offer opportunities for long-term success.
Efforts to enhance affordability and operational efficiency position Lennar well to navigate market dynamics and drive sustainable growth in the housing sector.

Revenue

Cost of revenue

Gross profit

Operating expenses

SG&A

Other

Operating income

EBITDA

Net income

Earnings per share

Total assets

Current assets

Cash & equivalents

Receivables

Inventory

Non-current assets

Net PPE

Intangibles

Total liabilities

Current liabilities

Short term debt

Income tax payable

Non-current liabilities

Long-term debt

Total equity

Stockholders equity

Minority interest

Total liabilities & equity

Total debt

Net debt

Book value per share

Cash from operations

Funds from operations

Change in working capital

Cash from investing

Capital expenditure

Purchase/sale of investments

Purchase/sale of business

Other sources

Cash from financing

Change in stock

Change in debt

Cash dividends paid

Cash from other sources

Net change in cash

Free cash flow

Lennar Corp. engages in the provision of real estate related financial and investment management services. It operates through the following segments: Homebuilding, Financial Services, Multifamily, and Lennar Other. The Homebuilding segment refers to the construction and sale of single-family attached and detached homes and the purchase, development, and sale of residential land directly and through entities. The Financial Services segment focuses on mortgage financing, title, and closing services for buyers. The Multifamily segment is involved in the development, construction, and property management of multifamily rental properties. The Lennar Other segment includes funds, asset management platform, and strategic investments in technology companies. The company was founded in 1954 and is headquartered in Miami, FL.

LEN benefits from accretive business strategies, operational excellence, land strategy and cash flow.

Lennar to Expand in New & Existing Markets With Rausch Coleman Buyout

In the closing of the recent trading day, Lennar (LEN) stood at $168.75, denoting a +0.49% change from the preceding trading day.

Lennar (LEN) Outperforms Broader Market: What You Need to Know

MIAMI , Nov. 19, 2024 /PRNewswire/ -- Lennar Corporation (NYSE: LEN and LEN.B) announced today that it has entered into a definitive agreement to acquire Rausch Coleman Homes, a residential homebuilder based in Fayetteville, Arkansas. Lennar will acquire Rausch Coleman's homebuilding operations, which expects to deliver approximately 5,000 homes with an average sales price of $230,000 in calendar year 2024.

Lennar To Acquire Rausch Coleman Homes

AvalonBay Communities

D.R. Horton

Realty Income Corp

Global X PropTech ETF

Zillow

The U.S. Federal Reserve is on a chopping spree this autumn, cutting its benchmark Federal Funds rate by 0.50% in September and lopping off another 0.25% in early November. The moves brought the Fed Funds rate down to a target range of 4.50% to 4.75%.

Buy These 6 RE Stocks That Deserve a Home in Your Portfolio

And create a lot of wealth for investors along the way.

1 Company's Transformative Move Could Shift This Entire Industry (and Boost Investor Profits)

High-Rise Community Offers the Closest Luxury Living to the Water in Sarasota Bay SARASOTA, Fla. , Nov. 14, 2024 /PRNewswire/ -- Quarterra Multifamily , a subsidiary of Lennar Corporation and a multifamily apartment developer, property manager, and asset manager, today announced the start of leasing at Cordelia , a luxury high-rise community in Downtown Sarasota, Fla.

Quarterra Multifamily Announces the Start of Leasing at Cordelia Apartments

Lennar (LEN) closed the most recent trading day at $166.33, moving +0.09% from the previous trading session.

Lennar (LEN) Beats Stock Market Upswing: What Investors Need to Know

Lennar (LEN) closed the most recent trading day at $171.41, moving +1.61% from the previous trading session.

Lennar (LEN) Exceeds Market Returns: Some Facts to Consider

PulteGroup

The average rate on the 30-year fixed mortgage surged 9 basis points Wednesday to 7.13%, according to Mortgage News Daily. Housing stocks reacted in turn, with both the big public builders and building material companies falling sharply.

Mortgage rates surge higher on Trump victory, causing housing stocks to fall

Dimensional US Real Estate ETF

Dimensional Global Real Estate ETF

Fidelity MSCI Real Estate ETF

iShares Cohen & Steers REIT ETF

iShares U.S. Real Estate ETF

PotlatchDeltic

SPDR Dow Jones REIT ETF

Schwab U.S. REIT ETF

iShares Core U.S. REIT ETF

Vanguard Real Estate ETF

Weyerhaeuser

Real Estate Select Sector SPDR Fund

Residential real estate supply is limited due to construction costs relative to NOI. In 2025 and 2026, housing will be increasingly undersupplied. The undersupply should drive up property revenues until such a point that development becomes viable.

An Inflection Point In Residential Real Estate

Ally Financial

Bank of America

Citigroup

Chevron

Diageo

Jefferies Financial Group Inc

Kraft Heinz

Coca-Cola

Kroger

Occidental Petroleum

Paramount Global

Sirius XM Holdings Inc

Visa

This Berkshire/Buffett holdings-list from Kiplinger first-appeared 8/16/24 on BKH's SEC-Form-13F. Kiplinger, and YCharts both track this BRK batch. Here is your update from 10/28/24 YCharts data. 25 of 41 current Berkshire-owned-stocks pay dividends. As of 10/28/24, the top-ten ranged 2.16%-4.55% by annual-yield, and 32 of 41 ranged 0.21%-36.82% in broker-estimated target-price-upsides. Analyst-estimated top-ten net-gains from BRK's October divi-dogs ranged 8.18%-27.54% from JEF, V, SIRI, KO, LEN, CVX, ALLY, C, KHC, and OXY, per YCharts.

Buy 2 October Berkshire DiviDogs And Watch 6 More

KB Home

The homebuilding sector is facing pressure today, after D.R.

3 Homebuilding Stocks Fall After D.R. Horton's Q3 Report

Laura Escobar, the president of Lennar Mortgage, said the lack of affordable housing options poses a threat to America's future.

U.S. housing market is on the ‘verge of a vicious cycle,' which is ‘not good for America,' Lennar Mortgage head warns

Unfortunately for home buyers, mortgage rates are sharply higher in October, with the 30-year rate averaging 6.92% as of Oct. 23 -- marking a fourth-straight weekly rise.

2 Homebuilding Stocks to Watch as Mortgage Rates Rise

Lennar Corporation LEN is currently trading at a valuation almost on par with the Zacks Building Products - Home Builders industry, with its forward 12-month price-to-earnings (P/E) ratio at 11.51 with a Value Score of B. The industry is currently trading at 11.3X.

Is Lennar Stock a Buy, Sell or Hold at a P/E Multiple of 11.51X?

iShares U.S. Home Construction ETF

Taylor Morrison Home

Hurricane Milton could slow down new home construction in the state of Florida, which could have a negative impact on the overall U.S. housing market.

Florida Is A Top State For New Home Builds — Could Hurricane Milton Slow It Down? 4 Homebuilder Stocks That Could Come Under Pressure

On September 20, 2024, Lennar Corporation (NASDAQ: LEN, $180.45; Market Capitalization: $48.6 billion), one of the largest homebuilders in the US, announced its intention to spin off some of its land banking assets. The spin-off, named Millrose Properties Inc. (Millrose), is anticipated to qualify as a Real Estate Investment Trust (REIT), which will acquire and develop land for Lennar and other home builders, providing fully developed homesites through land option contracts.

Lennar Outlines Plans For REIT Spin-Off

Lennar LEN has headwinds in 2024, including margin pressure, but that is the worst news. While the housing market at large is tepid, conditions favor home builders, driving business, cash flow, and capital returns.

Why Lennar Stock Could Be the Best Play in the Housing Market

Century Communities

M/I Homes

Lennar, PulteGroup, NVR, M/I Homes and Century Communities have been highlighted in this Industry Outlook article.

Zacks Industry Outlook Lennar, PulteGroup, NVR, M/I Homes and Century Communities

Now is the ideal time to buy this Buffett stock.

If I Could Buy Only 1 Warren Buffett Stock in October, This Would Be It

Although a rise in land/labor costs and low residential construction spending pose risks, lower rates and better operating leverage are likely to drive homebuilders like LEN, PHM, NVR, MHO and CCS.

5 Homebuilding Stocks Ready to Soar Defying Industry Challenges

On October 2, 2024, Lennar Corp (LEN, Financial), one of the United States' leading homebuilders, released its 10-Q filing, revealing a comprehensive financial performance and strategic positioning. The filing indicates a solid revenue increase in homebuilding, from $8.32 million in the three months ended August 31, 2023, to $9.05 million in the same period in 2024.

Decoding Lennar Corp (LEN): A Strategic SWOT Insight

Carnival

NVIDIA

Q3 is closing strong behind hopefulness regarding further interest rate cuts, including companies in the Homebuilding space.

Good Q3 for the Stock Market; Can Q4 Keep Up the Pace?

Accenture Plc

CenterPoint Energy

McDonald's

Micron Technology

On September 25, 2024, Micron's Board of Directors declared a quarterly dividend of $0.115 per share, payable in cash on October 23, 2024, to shareholders of record as of the close of business on October 7, 2024.

Daily Dividend Report: Micron, Lennar, McDonalds, Accenture, CNP

MIAMI , Sept. 25, 2024 /PRNewswire/ -- Lennar Corporation (NYSE: LEN and LEN.B), one of the nation's leading homebuilders, announced that its Board of Directors has declared a quarterly cash dividend of $0.50 per share for both Class A and Class B common stock payable on October 24, 2024 to holders of record at the close of business on October 9, 2024.

News for Lennar Stock (LEN)