Security
Lennar Corporation Class B · LEN B
LEN BNYSECommon stockCurrentCIK 920760Updated Oct 30, 2026
LEN B price & chart
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About the company
Lennar Corporation is one of the nation's leading homebuilders, dedicated to making the American dream of homeownership attainable for more people. Since its founding in 1954, Lennar has built more than 1.5 million homes for buyers at every stage of life in communities across the country, from first-time and move-up buyers to active adults. Lennar's Financial Services segment provides mortgage financing, title and closing services primarily for buyers of Lennar's homes. LENˣ drives Lennar's technology, innovation and strategic investments, shaping the future of homebuilding. For more information, visit www.lennar.com.
In the news
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Recent filings
Entry into a Material Definitive Agreement · Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement
Items 1.01, 2.03, 9.01
Other Events
Items 8.01, 9.01
FWP - filed by LENNAR CORP /NEW/ regarding LENNAR CORP /NEW/
10-Q filing
Results of Operations and Financial Condition
Items 2.02, 9.01
Show 5 more recent filings
N-PX filing
13F-HR filing
10-Q filing
Regulation FD Disclosure
Items 7.01, 9.01
Results of Operations and Financial Condition
Items 2.02, 9.01
Financials
FY 2025 · USDSource
Source
Source
balance sheet · annual statements
| Line item | Q3 2026 | Q3 2025 | Q3 2024 | Q2 2026 | Q2 2025 | Q2 2024 | Q1 2026 | Q1 2025 | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ASSETS | ||||||||||||
| AssetsUSD | — | 34,878,401,000Source | 39,740,982,000Source | 33,701,455,000Source | 34,374,546,000Source | 38,667,670,000Source | 33,210,342,000Source | 34,986,103,000Source | 34,430,437,000Source | 41,312,781,000Source | 39,234,303,000Source | 37,984,295,000Source |
| Property, Plant and Equipment, NetUSD | — | — | — | — | — | — | — | — | 642,838,000Source | 516,198,000Source | 404,789,000Source | 355,095,000Source |
| GoodwillUSD | — | — | — | — | — | — | — | — | 3,632,058,000Source | — | — | — |
| Current assets: | ||||||||||||
| Cash and Cash Equivalents, at Carrying ValueUSD | — | — | — | — | — | — | — | — | 3,756,305,000Source | — | — | — |
| Accounts Receivable | — | — | — | — | — | — | — | — | —Source | — | — | — |
| Operating Lease, Right-of-Use AssetUSD | 237,998,000Source | 285,185,000Source | 223,614,000Source | 232,599,000Source | 277,127,000Source | 151,600,000Source | 252,317,000Source | 270,683,000Source | 269,011,000Source | 275,248,000Source | 145,812,000Source | 149,966,000Source |
| LIABILITIES AND EQUITY | ||||||||||||
| LiabilitiesUSD | — | 12,126,846,000Source | 12,183,274,000Source | 11,935,729,000Source | 11,642,664,000Source | 11,651,917,000Source | 11,178,079,000Source | 12,118,759,000Source | 12,289,828,000Source | 13,291,556,000Source | 12,532,337,000Source | 13,743,928,000Source |
| Stockholders’ equity: | ||||||||||||
| Preferred Stock, Value, IssuedUSD | 0Source | 0Source | 0Source | 0Source | 0Source | 0Source | 0Source | 0Source | 0Source | 0Source | 0Source | 0Source |
| Additional Paid in CapitalUSD | 6,049,974,000Source | 5,884,528,000Source | 5,706,711,000Source | 6,020,306,000Source | 5,842,732,000Source | 5,674,733,000Source | 5,993,733,000Source | 5,812,802,000Source | 5,909,726,000Source | 5,729,434,000Source | 5,570,009,000Source | 5,417,796,000Source |
| Retained Earnings (Accumulated Deficit)USD | 22,923,564,000Source | 22,107,836,000Source | 24,791,519,000Source | 22,759,089,000Source | 21,645,991,000Source | 23,764,695,000Source | 22,577,374,000Source | 21,302,131,000Source | 22,471,471,000Source | 25,753,078,000Source | 22,369,368,000Source | 18,861,417,000Source |
| Accumulated Other Comprehensive Income (Loss), Net of TaxUSD | 5,755,000Source | 6,019,000Source | 7,040,000Source | 5,676,000Source | 6,019,000Source | 6,596,000Source | 5,606,000Source | 7,351,000Source | 6,011,000Source | 7,529,000Source | 4,879,000Source | 2,408,000Source |
| Stockholders' Equity Attributable to ParentUSD | 21,558,959,000Source | 22,570,320,000Source | 27,412,520,000Source | 21,620,638,000Source | 22,579,080,000Source | 26,877,874,000Source | 21,879,376,000Source | 22,728,038,000Source | 21,959,417,000Source | 27,870,135,000Source | 26,580,664,000Source | 24,100,500,000Source |
| Liabilities and EquityUSD | 33,378,225,000Source | 34,878,401,000Source | 39,740,982,000Source | 33,701,455,000Source | 34,374,546,000Source | 38,667,670,000Source | 33,210,342,000Source | 34,986,103,000Source | 34,430,437,000Source | 41,312,781,000Source | 39,234,303,000Source | 37,984,295,000Source |
| Stockholders' Equity Attributable to Noncontrolling InterestUSD | 137,461,000Source | 181,235,000Source | 145,188,000Source | 145,088,000Source | 152,802,000Source | 137,879,000Source | 152,887,000Source | 139,306,000Source | 181,192,000Source | 151,090,000Source | 121,302,000Source | 139,867,000Source |
| Additional Financial Items | ||||||||||||
| Long-term DebtUSD | — | — | — | — | — | — | — | — | 5,874,995,000Source | — | — | — |
cash flow · annual statements
| Line item | Q4 2025 | Q4 2024 | Q3 2026 | Q3 2025 | Q2 2026 | Q2 2025 | Q1 2026 | Q1 2025 | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash flows from operating activities: | ||||||||||||
| Net Income (Loss), Including Portion Attributable to Noncontrolling InterestUSD | — | — | 285,487,000Source | 599,811,000Source | 308,129,000Source | 481,820,000Source | 233,361,000Source | 528,713,000Source | 2,108,300,000Source | 3,967,655,000Source | 3,961,291,000Source | 4,648,501,000Source |
| Adjustments to reconcile net income to net cash provided by operating activities: | ||||||||||||
| Share-based Payment Arrangement, Noncash ExpenseUSD | — | — | — | — | — | — | 62,377,000Source | 84,085,000Source | 163,494,000Source | 176,676,000Source | 160,720,000Source | 184,086,000Source |
| Changes in operating assets and liabilities: | ||||||||||||
| Increase (Decrease) in InventoriesUSD | — | — | — | — | — | — | 652,015,000Source | 513,257,000Source | 150,921,000Source | 285,095,000Source | -2,274,083,000Source | 2,383,821,000Source |
| Deferred Income Tax Expense (Benefit)USD | — | — | — | — | — | — | — | — | 77,295,000Source | 60,426,000Source | -67,968,000Source | -246,653,000Source |
| Net Cash Provided by (Used in) Operating ActivitiesUSD | — | — | — | — | — | — | -433,502,000Source | -289,042,000Source | 216,812,000Source | 2,403,379,000Source | 5,179,738,000Source | 3,265,668,000Source |
| Cash flows from investing activities: | ||||||||||||
| Payments to Acquire Businesses, Net of Cash AcquiredUSD | — | — | — | — | — | — | 0Source | 231,426,000Source | 254,492,000Source | — | — | — |
| Net Cash Provided by (Used in) Investing ActivitiesUSD | — | — | — | — | — | — | 93,362,000Source | 21,490,000Source | 221,568,000Source | -302,557,000Source | -176,981,000Source | -128,302,000Source |
| Payments to Acquire Property, Plant, and EquipmentUSD | — | — | — | — | — | — | 29,992,000Source | 56,043,000Source | 188,629,000Source | 171,503,000Source | 99,799,000Source | 57,214,000Source |
| Cash flows from financing activities: | ||||||||||||
| Payments for Repurchase of Common StockUSD | — | — | — | — | — | — | 269,707,000Source | 774,475,000Source | 1,808,369,000Source | 2,256,464,000Source | 1,182,711,000Source | 1,039,309,000Source |
| Net Cash Provided by (Used in) Financing ActivitiesUSD | — | — | — | — | — | — | -1,095,784,000Source | -2,134,643,000Source | -1,597,856,000Source | -3,681,550,000Source | -3,247,589,000Source | -1,277,279,000Source |
| Payments of Ordinary Dividends, Common StockUSD | — | — | — | — | — | — | 123,480,000Source | 131,646,000Source | 520,959,000Source | 548,823,000Source | 430,560,000Source | 438,038,000Source |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate EffectUSD | — | — | — | — | — | — | -1,435,924,000Source | -2,402,195,000Source | -1,159,476,000Source | -1,580,728,000Source | 1,755,168,000Source | 1,860,087,000Source |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash EquivalentsUSD | — | — | 1,498,890,000Source | 1,756,997,000Source | 2,173,778,000Source | 1,479,015,000Source | 2,394,810,000Source | 2,588,015,000Source | 3,830,734,000Source | 4,990,210,000Source | 6,570,938,000Source | 4,815,770,000Source |
| Supplemental disclosure of cash flow information: | ||||||||||||
| Interest Paid, Excluding Capitalized Interest, Operating ActivitiesUSD | — | — | — | — | — | — | — | — | 50,137,000Source | 54,921,000Source | 81,223,000Source | 67,842,000Source |
| Income Taxes Paid, NetUSD | — | — | — | — | — | — | — | — | 988,544,000Source | 790,476,000Source | 1,864,941,000Source | 1,273,166,000Source |
| Additional Financial Items | ||||||||||||
| Share-based Payment Arrangement, ExpenseUSD | — | — | — | — | — | — | — | — | 163,494,000Source | 176,676,000Source | 160,720,000Source | 184,086,000Source |
| Depreciation, Amortization and Accretion, NetUSD | — | — | — | — | — | — | 33,388,000Source | 31,332,000Source | 134,310,000Source | 115,528,000Source | 110,164,000Source | 87,075,000Source |
| Disposal Group, Not Discontinued Operation, Gain (Loss) on DisposalUSD | — | — | — | — | — | — | — | — | -156,076,000Source | — | — | — |
| Gain (Loss) on Disposition of Property Plant EquipmentUSD | — | — | — | — | — | — | 9,296,000Source | 23,411,000Source | 77,737,000Source | 38,837,000Source | 7,015,000Source | 7,617,000Source |
| Gain (Loss) on Extinguishment of DebtUSD | — | — | — | — | — | — | — | — | 0Source | 825,000Source | 9,611,000Source | 0Source |
| General and Administrative ExpenseUSD | — | — | 137,883,000Source | 171,397,000Source | 136,149,000Source | 155,853,000Source | 157,638,000Source | 147,378,000Source | 636,718,000Source | — | — | — |
| GoodwillUSD | — | — | — | — | — | — | — | — | 3,632,058,000Source | — | — | — |
| Income (Loss) from Equity Method InvestmentsUSD | — | — | — | — | — | — | 63,268,000Source | 33,234,000Source | 78,225,000Source | 164,099,000Source | -144,610,000Source | -36,302,000Source |
| Income Tax Expense (Benefit)USD | — | — | 101,592,000Source | 190,892,000Source | 105,058,000Source | 160,061,000Source | 69,092,000Source | 169,525,000Source | 705,563,000Source | 1,217,253,000Source | 1,241,013,000Source | 1,366,065,000Source |
| Net Income (Loss) Attributable to ParentUSD | — | — | 283,876,000Source | 590,967,000Source | 304,772,000Source | 477,449,000Source | 229,383,000Source | 519,526,000Source | 2,078,179,000Source | 3,932,533,000Source | 3,938,511,000Source | 4,614,125,000Source |
| Net Income (Loss) Attributable to Noncontrolling InterestUSD | — | — | 1,611,000Source | 8,844,000Source | 3,357,000Source | 4,371,000Source | 3,978,000Source | 9,187,000Source | 30,121,000Source | 35,122,000Source | 22,780,000Source | 34,376,000Source |
| Net Income (Loss) Available to Common Stockholders, BasicUSD | — | — | 281,983,000Source | 585,719,000Source | 299,696,000Source | 471,172,000Source | 227,049,000Source | 514,709,000Source | 2,058,083,000Source | 3,893,710,000Source | 3,889,975,000Source | 4,562,145,000Source |
| Nonoperating Income (Expense)USD | — | — | -22,565,000Source | -18,956,000Source | 4,056,000Source | 30,759,000Source | 8,146,000Source | 31,668,000Source | -62,352,000Source | 225,866,000Source | 30,517,000Source | — |
| Proceeds from Noncontrolling InterestsUSD | — | — | — | — | — | — | 1,083,000Source | 11,328,000Source | 32,105,000Source | 20,117,000Source | 21,149,000Source | 41,816,000Source |
| Unrealized Gain (Loss) on InvestmentsUSD | — | — | -53,335,000Source | 99,223,000Source | -23,252,000Source | -29,440,000Source | 14,838,000Source | -62,503,000Source | 130,166,000Source | — | — | — |
| Proceeds from (Payments for) Other Financing Activities | — | — | — | — | — | — | —Source | —Source | — | — | — | — |
| Equity Method Investment, Other than Temporary Impairment | — | — | — | — | — | —Source | — | —Source | — | — | — | — |
| Equity Method Investment, Realized Gain (Loss) on Disposal | — | — | — | — | — | — | — | — | — | — | — | — |
| Inventory Write-down | — | — | — | — | — | — | —Source | —Source | — | — | — | — |
income statement · annual statements
| Line item | Q4 2025 | Q4 2024 | Q3 2026 | Q3 2025 | Q2 2026 | Q2 2025 | Q1 2026 | Q1 2025 | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total RevenueUSD | — | — | 8,046,119,000Source | 8,810,278,000Source | 7,939,872,000Source | 8,377,502,000Source | 6,619,476,000Source | 7,631,545,000Source | 34,186,934,000Source | 35,441,452,000Source | 34,233,366,000Source | — |
| Selling, General and Administrative ExpenseUSD | — | — | 714,040,000Source | 676,491,000Source | 698,395,000Source | 688,847,000Source | 617,495,000Source | 615,739,000Source | 2,678,337,000Source | — | — | — |
| Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling InterestUSD | — | — | 387,079,000Source | 790,703,000Source | 413,187,000Source | 641,881,000Source | 302,453,000Source | 698,238,000Source | 2,813,863,000Source | 5,184,908,000Source | 5,202,304,000Source | 6,014,566,000Source |
| Income Tax Expense (Benefit)USD | — | — | 101,592,000Source | 190,892,000Source | 105,058,000Source | 160,061,000Source | 69,092,000Source | 169,525,000Source | 705,563,000Source | 1,217,253,000Source | 1,241,013,000Source | 1,366,065,000Source |
| Net Income (Loss) Attributable to Noncontrolling InterestUSD | — | — | 1,611,000Source | 8,844,000Source | 3,357,000Source | 4,371,000Source | 3,978,000Source | 9,187,000Source | 30,121,000Source | 35,122,000Source | 22,780,000Source | 34,376,000Source |
| Net Income (Loss) Attributable to ParentUSD | — | — | 283,876,000Source | 590,967,000Source | 304,772,000Source | 477,449,000Source | 229,383,000Source | 519,526,000Source | 2,078,179,000Source | 3,932,533,000Source | 3,938,511,000Source | 4,614,125,000Source |
| Earnings Per Share, BasicUSD per share | — | — | 1.19Source | 2.29Source | 1.24Source | 1.81Source | 0.93Source | 1.96Source | 7.98Source | 14.31Source | 13.73Source | 15.74Source |
| Earnings Per Share, DilutedUSD per share | — | — | 1.19Source | 2.29Source | 1.24Source | 1.81Source | 0.93Source | 1.96Source | — | 14.31Source | 13.73Source | 15.72Source |
| Weighted Average Number of Shares Outstanding, Basicshares | — | — | 237,756,000Source | 255,601,000Source | 240,776,000Source | 260,286,000Source | 244,438,000Source | 262,733,000Source | 257,746,000Source | 272,019,000Source | 283,319,000Source | 289,824,000Source |
| Weighted Average Number of Shares Outstanding, Dilutedshares | — | — | 237,756,000Source | 255,601,000Source | 240,776,000Source | 260,286,000Source | 244,438,000Source | 262,733,000Source | — | 272,019,000Source | 283,319,000Source | 289,824,000Source |
| Additional Financial Items | ||||||||||||
| Costs and ExpensesUSD | — | — | 7,586,305,000Source | 8,110,664,000Source | 7,541,576,000Source | 7,749,056,000Source | 6,403,275,000Source | 6,935,706,000Source | 31,519,110,000Source | — | — | — |
| Current Income Tax Expense (Benefit)USD | — | — | — | — | — | — | — | — | 628,268,000Source | 1,156,827,000Source | 1,308,981,000Source | 1,612,718,000Source |
| General and Administrative ExpenseUSD | — | — | 137,883,000Source | 171,397,000Source | 136,149,000Source | 155,853,000Source | 157,638,000Source | 147,378,000Source | 636,718,000Source | — | — | — |
| Income (Loss) from Equity Method InvestmentsUSD | — | — | — | — | — | — | 63,268,000Source | 33,234,000Source | 78,225,000Source | 164,099,000Source | -144,610,000Source | -36,302,000Source |
| Net Income (Loss) Available to Common Stockholders, BasicUSD | — | — | 281,983,000Source | 585,719,000Source | 299,696,000Source | 471,172,000Source | 227,049,000Source | 514,709,000Source | 2,058,083,000Source | 3,893,710,000Source | 3,889,975,000Source | 4,562,145,000Source |
| Nonoperating Income (Expense)USD | — | — | -22,565,000Source | -18,956,000Source | 4,056,000Source | 30,759,000Source | 8,146,000Source | 31,668,000Source | -62,352,000Source | 225,866,000Source | 30,517,000Source | — |
| Other Cost and Expense, OperatingUSD | — | — | 185,066,000Source | 420,564,000Source | 252,350,000Source | 425,520,000Source | 258,354,000Source | 230,534,000Source | 1,515,187,000Source | — | — | — |
| Preferred Stock Dividends and Other AdjustmentsUSD | — | — | 245,000Source | 855,000Source | 3,051,000Source | 2,973,000Source | 1,170,000Source | 955,000Source | 5,072,000Source | 4,980,000Source | 5,514,000Source | 4,471,000Source |
| Undistributed Earnings (Loss) Allocated to Participating Securities, BasicUSD | — | — | 1,648,000Source | 4,393,000Source | 2,025,000Source | 3,304,000Source | 1,164,000Source | 3,862,000Source | 15,024,000Source | 33,843,000Source | 43,022,000Source | 47,509,000Source |
Offerings
Registration 333-294985
Registration 333-294985-01
Registration 333-294985-02
Registration 333-294985-03
Registration 333-294985-04
Registration 333-294985-05
Registration 333-294985-06
Registration 333-294985-07
Registration 333-294985-08
Registration 333-294985-09
Registration 333-294985-10
Registration 333-294985-11
Registration 333-294985-12
Registration 333-294985-13
Registration 333-294985-14
Registration 333-294985-15
Registration 333-294985-16
Registration 333-294985-17
Registration 333-294985-18
Registration 333-294985-19
Filing attachments
d11207dex41.htm · 8-K · 2026-10-15
Exhibit 4.1 LENNAR CORPORATION, as Issuer, THE GUARANTORS NAMED HEREIN and THE BANK OF NEW YORK MELLON, as Trustee SIXTEENTH SUPPLEMENTAL INDENTURE DATED AS OF OCTOBER 15, 2026 to INDENTURE DATED AS OF DECEMBER 31, 1997 relating to 5.700% Senior Notes Due 2029 TABLE OF CONTENTS Page ARTICLE ONE DEFINITIONS …
Read attachment ↗d11207dex44.htm · 8-K · 2026-10-15
Exhibit 4.4 LENNAR CORPORATION, as Issuer, THE GUARANTORS NAMED HEREIN and THE BANK OF NEW YORK MELLON, as Trustee SEVENTEENTH SUPPLEMENTAL INDENTURE DATED AS OF OCTOBER 15, 2026 to INDENTURE DATED AS OF DECEMBER 31, 1997 relating to 5.950% Senior Notes Due 2032 TABLE OF CONTENTS Page ARTICLE ONE DEFINITIONS …
Read attachment ↗ex991-2026831x8kq3.htm · 8-K · 2026-09-16
EX-99.1 2 ex991-2026831x8kq3.htm EX-99.1 Document Exhibit 99.1 Contact: Jorge Almeida Investor Relations Lennar Corporation (305) 485-4129 FOR IMMEDIATE RELEASE Lennar Reports Third Quarter 2026 Results Third Quarter 2026 Highlights • Net earnings per diluted share of $1.19 ($1.23 excluding mark-to-market losses on technology investments and one-time items in the Company's Financial Services segment) • Net earnings of $284 million • New orders decreased 9%, to 20,879 homes, compa…
Read attachment ↗d31288dex991.htm · 8-K · 2026-06-12
EX-99.1 2 d31288dex991.htm EX-99.1 EX-99.1 Exhibit 99.1 Investor Presentation June 2026 1 Lennar is a transformed company 1 We completed a full asset-light transformation 2 We transformed our balance sheet 3 We are focused on returns on capital and equity 4 We are focused on volume and are positioned to continue growth 5 We are driving even-flow production 6 We are transforming our business with technology to enable efficiencies 7 Our controlled land + manufacturing model is our moat 8 Our…
Read attachment ↗ex991-2026531x8kq1.htm · 8-K · 2026-06-11
EX-99.1 2 ex991-2026531x8kq1.htm EX-99.1 Document Exhibit 99.1 Contact: Jorge Almeida Investor Relations Lennar Corporation (305) 485-4129 FOR IMMEDIATE RELEASE Lennar Reports Second Quarter 2026 Results Second Quarter 2026 Highlights • Net earnings per diluted share of $1.24 ($1.31 excluding mark-to-market losses on technology investments) • Net earnings of $305 million • New orders decreased 4% year over year to 21,749 homes • Backlog of 16,818 homes with a dollar value of $6.…
Read attachment ↗len-ex107_2026228xq12026le.htm · 10-Q · 2026-04-09
Exhibit 10.7 LENNAR CORPORATION 2026 RESTRICTED SHARE GRANT AGREEMENT This is to certify that Lennar Corporation (“Lennar”) has granted (the “Grantee”) restricted shares of Class A Common Stock, which are subject to the time-based vesting criteria set forth below (the “Restricted Shares”, or the “Shares”). The Shares are being issued under the Lennar Corporation 2016 Equity Incentive Plan, as amended and restated (the “Plan”). All capitalized terms used herein without definition shall have th…
Read attachment ↗