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

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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.

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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 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

Earnings data Q1 2025

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.

Lennar faces Q4 misses, eyes growth through spin-off and acquisition

Despite missing Q4 expectations, Lennar is strategically positioned for growth and efficiency improvements through asset-light transition, spin-off, and acquisition. Economic challenges persist, but the company remains optimistic about future prospects and aims for sustainable growth.

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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.

Lennar Corporation's stock has surged 40% since July 2023, outperforming the S&P 500, driven by strong demand and expanded earnings multiples despite growth deceleration. Lennar's Q3 earnings report will reveal interesting data. I am focusing on its asset-light transition, handling of construction costs, and the impact of declining mortgage rates. The housing affordability crisis persists despite lower mortgage rates, posing long-term challenges for Lennar, potentially squeezing profit margins due to necessary buyer incentives.

Lennar Q3 2024 Preview: Asset-Light Shift Boosts Outlook, But Valuation Is Stretched

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Top stocks to watch: FedEx, Lennar, FactSet, General Mills, VinFast

Suburban Atlanta community to add 324 new homes to burgeoning metro district, help with attainable housing shortage MCDONOUGH, Ga. , Sept. 12, 2024 /PRNewswire/ --  Quarterra Multifamily , a subsidiary of Lennar Corporation and a multifamily apartment developer, property manager, and asset manager, today announced construction on Emblem Mill Road, an attainably priced community located in McDonough, Georgia, southeast of Atlanta.

Quarterra Multifamily Announces Construction on Emblem Mill Road Apartments

D.R. Horton

PulteGroup

Yesterday, mortgage rates fell for a sixth-straight week and hit their lowest level since February 2023, with the average contract interest rate for a 30-year fixed-rate mortgages with conforming loan balances dropping to 6.29%.

3 Homebuilding Stock to Watch as Mortgage Rates Fall

In the latest trading session, Lennar (LEN) closed at $180.23, marking a +0.02% move from the previous day.

Lennar (LEN) Advances But Underperforms Market: Key Facts

MIAMI , Sept. 5, 2024 /PRNewswire/ -- Lennar Corporation (NYSE: LEN and LEN.B), one of the nation's largest homebuilders, announced today that the Company will release earnings for the third quarter ended August 31, 2024 after the market closes on September 19, 2024.

Lennar Corporation's Third Quarter Earnings Conference Call to Be Broadcast Live on the Internet

If Rate Cuts Materialize, These Stocks Could Be Poised for Big Moves

Lennar is the second-largest US homebuilder, with the Homebuilding segment accounting for over 90% of revenues and EBIT. The company has outperformed the iShares US Consumer Discretionary ETF in 2024, delivering a 23% total return. I think Lennar has further upside thanks to an attractive valuation, a conservative capital structure, and sector-wide tailwinds from lower mortgage rates as the Fed normalizes policy.

Lennar: Further Upside As Mortgage Rates Begin Their Decline

Buffett owns two similar stocks -- Lennar and NVR. Shares of both homebuilders should soar if the Fed cuts interest rates.

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A housing shortage has supercharged the financial performance of large single-family homebuilders in the U.S. as the industry consolidates.

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The numbers: Builder confidence fell for the fourth month in a row in August, as elevated mortgage rates continue to spook home buyers.

One-third of home builders are slashing prices as confidence in the market falls to 8-month low

In the most recent trading session, Lennar (LEN) closed at $170.37, indicating a +1.45% shift from the previous trading day.

Lennar (LEN) Rises Yet Lags Behind Market: Some Facts Worth Knowing

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In the closing of the recent trading day, Lennar (LEN) stood at $172, denoting a +0.94% change from the preceding trading day.

Lennar (LEN) Increases Yet Falls Behind Market: What Investors Need to Know

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Short sellers have targeted top home builders' stocks. But lower mortgage rates could spark further demand for new homes.

Housing Stocks Could Get Squeezed Even Higher, Thanks to Eventual Fed Rate Cuts

268-home luxury community creates ideal connectivity throughout Phoenix Metro PHOENIX , July 30, 2024 /PRNewswire/ --  Quarterra Multifamily , a subsidiary of Lennar Corporation and a vertically integrated multifamily apartment builder, developer, and property manager, today announced the start of leasing at Harwood, a luxury community ideally located in North Phoenix. Harwood includes 268 upscale apartment homes that offer the ultimate in comfort and convenience.

Quarterra Multifamily Announces the Start of Leasing at Harwood Apartments

Lennar (LEN) concluded the recent trading session at $178.18, signifying a +0.83% move from its prior day's close.

Lennar (LEN) Laps the Stock Market: Here's Why

Homebuilding stocks -- hypersensitive to rates and the U.S. economy -- are on the rise as investors rotate away from growth stocks into cyclicals due to increased prospects of an interest rate cut in September.

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Lennar Corp. (LEN, Financial) is the second-largest homebuilder in the United States, trailing only D.R. Horton (DHI).

Lennar Is a Market Leader at a Good Price

Shares of Lennar Corp LEN declined in premarket trading on Monday, just weeks after the company announced plans to spin off its land assets.

Why This Lennar Analyst Is No Longer Bullish Despite Potential Rate Cut Benefits

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Lennar (LEN) reported earnings 30 days ago. What's next for the stock?

Lennar (LEN) Up 14.1% Since Last Earnings Report: Can It Continue?

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The June CPI was much better than expected and has the broad market set up to rally over the next six to 12 months. The rally is driven by the expectation for FOMC interest rate cuts, which will reduce the cost of money and reinvigorate the bull market, assuming no recession unfolds.

News for Lennar Stock (LEN)