LEN · Real Estate

LENNAR CORP /NEW/

Ranked earnings events from SEC filings, earnings calls, press releases and news. Full Picture: everything published this earnings window

News · 2026-11-12

• Securities Fraud LitigationImportance 34 · Surprise 42
  Third-party reports say investors filed a proposed securities class action against Lennar, CEO Stuart A. Miller, and CFO Diane J. Bessette, alleging false statements and concealment about Lennar’s financial performance…

News · 2026-11-11

• Securities Fraud LitigationImportance 34 · Surprise 42
  Third-party reports say investors filed a proposed securities class action against Lennar, CEO Stuart A. Miller, and CFO Diane J. Bessette, alleging false statements and concealment about Lennar’s financial performance…

News · 2026-11-04

• Revolving Credit FacilityImportance 58 · Surprise 42
  Lennar amended its revolving credit and term loan facilities, increasing potential borrowing capacity to US$4.545 billion. The amendments extended key maturities. They also adjusted SOFR-based pricing features that…
• Outstanding Indebtedness and Credit FacilitiesImportance 58 · Surprise 42
  Lennar amended its revolving credit and term loan facilities, increasing potential borrowing capacity to US$4.545 billion. The amendments extended key maturities and adjusted SOFR-based pricing features that depend on…

News · 2026-10-29

• Liquidity and Debt PositionImportance 52 · Surprise 42
  Lennar amended its unsecured revolving credit facility, increasing aggregate commitments to $3.795 billion and extending the maturity of Class A commitments to November 2031. The company also amended its delayed draw…

News · 2026-10-27

• Acquisition / Partnership / DivestitureImportance 40 · Surprise 42
  Lennar sold 1,233 single-family homes to Millrose Properties, its former spinoff, for $333 million on October 27, 2026. The homes are intended for single-family rental purposes. The transaction is notable amid…

News · 2026-10-26

• Macroeconomic Factors ImpactImportance 51 · Surprise 64
  U.S. housing affordability is under pressure as monthly mortgage payments on median-priced resale homes have nearly doubled since January 2020, while income growth has lagged. The report attributes the squeeze to…
• Acquisition / Partnership / DivestitureImportance 40 · Surprise 42
  Lennar sold 1,233 single-family homes to Millrose Properties, its former spinoff, for $333 million on October 27, 2026. The homes are intended for single-family rental purposes. The transaction is notable amid…

News · 2026-10-23

• Senior Notes IssuanceImportance 58 · Surprise 42
  A third-party report says Lennar issued US$600 million of senior notes due in 2029 and 2032 for general corporate purposes. It describes the funding alongside Lennar’s master-planned projects and asset-light,…
• Community Count and Land PositionImportance 26 · Surprise 30
  Lennar broke ground on The Premiere at Monmouth, a new community within the 1,226-acre Fort Monmouth redevelopment in Eatontown, New Jersey. The planned community includes 32 single-family homes and 188 townhomes, with…

News · 2026-10-22

• Community Count and Land PositionImportance 26 · Surprise 30
  Lennar broke ground on The Premiere at Monmouth, a new community within the 1,226-acre Fort Monmouth redevelopment in Eatontown, New Jersey. The planned community includes 32 single-family homes and 188 townhomes, with…

News · 2026-10-21

• Community Count and Land PositionImportance 26 · Surprise 30
  Lennar broke ground on The Premiere at Monmouth, a new community within the 1,226-acre Fort Monmouth redevelopment in Eatontown, New Jersey. The planned community includes 32 single-family homes and 188 townhomes, with…

News · 2026-10-20

• Litigation and Legal RiskImportance 34 · Surprise 42
  Millrose Properties, Lennar’s spinoff, faces a securities class action concerning investor disclosures for the period February 7, 2025, through October 2, 2026. The complaint alleges that Millrose failed to disclose…

News · 2026-10-19

• Litigation and Legal RiskImportance 34 · Surprise 42
  Millrose Properties, Lennar’s spinoff, faces a securities class action concerning investor disclosures for the period February 7, 2025, through October 2, 2026. The complaint alleges that Millrose failed to disclose…

News · 2026-10-17

• Litigation and Legal RiskImportance 34 · Surprise 42
  Millrose Properties, Lennar’s spinoff, faces a securities class action concerning investor disclosures for the period February 7, 2025, through October 2, 2026. The complaint alleges that Millrose failed to disclose…

News · 2026-10-16

• Revenue Performance and MixImportance 17 · Surprise 24
  Lennar’s fiscal third-quarter 2026, ended August 31, results included lower total revenue year over year and missed the Zacks Consensus Estimate. Adjusted earnings also declined year over year and missed consensus.…
• Home Closings and OrdersImportance 14 · Surprise 24
  Third-party reporting described ongoing softness in U.S. housing demand, driven by elevated mortgage rates. The reported demand pressure was associated with lower home deliveries and a weaker average sales price for…

News · 2026-10-15

• Community Count and Land PositionImportance 34 · Surprise 42
  Lennar broke ground on Broadcast District, a mixed-use neighborhood planned for 441 homes around a 120,000-square-foot retail hub anchored by Whole Foods Market; the broader plan also names Sephora and Shake Shack as…

News · 2026-10-13

• Community Count and Land PositionImportance 34 · Surprise 42
  Lennar broke ground on Broadcast District, a mixed-use neighborhood planned for 441 homes around a 120,000-square-foot retail hub anchored by Whole Foods Market; the broader plan also names Sephora and Shake Shack as…

News · 2026-10-12

• Community Count and Land PositionImportance 34 · Surprise 42
  Lennar broke ground on Broadcast District, a mixed-use neighborhood planned for 441 homes around a 120,000-square-foot retail hub anchored by Whole Foods Market; the broader plan also names Sephora and Shake Shack as…

News · 2026-10-09

• Revenue Performance and MixImportance 48 · Surprise 40
  For the nine months ended August 2026, Lennar's home-sale revenue declined 7% year over year to $21.6 billion. Deliveries fell 2% to 58,222 homes, while average selling price declined 5% to $372,000. Gross margin…

News · 2026-10-06

• Revenue Performance and MixImportance 48 · Surprise 40
  For the nine months ended August 2026, Lennar's home-sale revenue declined 7% year over year to $21.6 billion. Deliveries fell 2% to 58,222 homes, while average selling price declined 5% to $372,000. Gross margin…
• Market Demand TrendsImportance 17 · Surprise 24
  Third-party coverage described a tougher U.S. housing market, with mortgage rates, affordability constraints, and weaker consumer confidence restraining demand for Lennar homes. The reporting characterized the housing…

News · 2026-10-03

• Q3 Earnings and RevenueImportance 63 · Surprise 64
  Lennar reported Q3 2026 earnings of $283.9 million, or $1.19 diluted EPS, down from $591.0 million, or $2.29 diluted EPS, in Q3 2025. Q3 revenue declined 6% to $8.046 billion. The report attributed the earnings decline…
• Technology Investment LossImportance 52 · Surprise 64
  Lennar recorded a $53.3 million mark-to-market loss on publicly traded technology investments in Q3 2026. The comparable prior-year quarter included a $99.2 million gain, a $152.5 million adverse year-over-year swing.…
• Guidance / OutlookImportance 50 · Surprise 42
  Lennar expects fourth-quarter 2026 new orders of 19,500–20,500 homes and deliveries of 22,000–23,000 homes. These are management’s forward-looking volume expectations for the quarter ending in 2026. The report provides…
• Market Demand TrendsImportance 17 · Surprise 24
  Third-party coverage described a tougher U.S. housing market, with mortgage rates, affordability constraints, and weaker consumer confidence restraining demand for Lennar homes. The reporting characterized the housing…

News · 2026-10-02

• Interest Rate EnvironmentImportance 30 · Surprise 24
  A rapid rise in mortgage rates to around 7.5% was reported to be weighing on Lennar and other homebuilders amid weak consumer demand. The average 30-year fixed mortgage rate reached 7.5% on Monday, September 28, 2026,…

News · 2026-09-30

• Community Development PipelineImportance 26 · Surprise 24
  Lennar opened three communities: Venue at Leaf Creek, an active-adult community in Hatfield, Pennsylvania; Cherokee Bend near Huntsville, Alabama; and The Farm in San Juan Capistrano, California. Venue at Leaf Creek is…

News · 2026-09-28

• Q3 Revenue Performance and MixImportance 51 · Surprise 38
  In fiscal Q3 ended in August 2026, Lennar delivered 20,840 homes, down 3% year over year, at an average selling price of $372,000, down 3%. Revenue fell 9% year over year to $8.0 billion, while EPS declined 48% to…
• Rancho Mission Viejo HomesImportance 32 · Surprise 24
  Sales launched for 232 new single-family homes in three all-age neighborhoods at the final phase of the Village of Rienda in Rancho Mission Viejo, California. Lennar is offering Indigo, a two-story detached-home…
• Interest Rate EnvironmentImportance 30 · Surprise 24
  A rapid rise in mortgage rates to around 7.5% was reported to be weighing on Lennar and other homebuilders amid weak consumer demand. The average 30-year fixed mortgage rate reached 7.5% on Monday, September 28, 2026,…
• Quarterly Dividend DeclarationImportance 13 · Surprise 6
  Lennar declared a quarterly cash dividend of $0.50 per share for both Class A and Class B shares. The dividend is payable on October 22, 2026. Shareholders of record on October 7, 2026 are eligible for the payment.

News · 2026-09-26

• Community Development PipelineImportance 26 · Surprise 24
  Lennar opened three communities: Venue at Leaf Creek, an active-adult community in Hatfield, Pennsylvania; Cherokee Bend near Huntsville, Alabama; and The Farm in San Juan Capistrano, California. Venue at Leaf Creek is…

News · 2026-09-25

• Macroeconomic Consumer PressureImportance 20 · Surprise 24
  Third-party reporting described elevated mortgage rates near 7%, high home prices and rising resale inventory, including in Florida, as weighing on affordability and homebuyer confidence. Lennar and other builders…

News · 2026-09-24

• Strategic InitiativesImportance null · Surprise null
  On September 24, Lennar announced its first homebuilding operation in Iowa, beginning sales at five communities across Central Iowa. The communities introduce three home designs priced from the $300,000s to the low…

News · 2026-09-23

• Quarterly Dividend DeclarationImportance 5 · Surprise 6
  Lennar’s board declared a quarterly cash dividend of $0.50 per share on both Class A and Class B common stock. The dividend is payable October 22, 2026, to shareholders of record at the close of business on October 7,…
• Strategic InitiativesImportance null · Surprise null
  On September 24, Lennar announced its first homebuilding operation in Iowa, beginning sales at five communities across Central Iowa. The communities introduce three home designs priced from the $300,000s to the low…

News · 2026-09-21

• Gross Margin DriversImportance 31 · Surprise 32
  Lennar’s fiscal Q3 2026 gross margin on home sales was 15.8%, up from 15.6% in the prior quarter. Construction cost per square foot fell 6% year over year, while buyer incentives remained approximately 12% of home…
• Strategic InitiativesImportance null · Surprise null
  On September 24, Lennar announced its first homebuilding operation in Iowa, beginning sales at five communities across Central Iowa. The communities introduce three home designs priced from the $300,000s to the low…

News · 2026-09-20

• Guidance and OutlookImportance 62 · Surprise 68
  After reporting fiscal third-quarter results on September 16, Lennar reduced its fiscal 2026 delivery target to 80,000–81,000 homes from 82,000–83,000. Third-party reporting linked the lowered outlook to affordability…
• Gross Margin DriversImportance 31 · Surprise 32
  Lennar’s fiscal Q3 2026 gross margin on home sales was 15.8%, up from 15.6% in the prior quarter. Construction cost per square foot fell 6% year over year, while buyer incentives remained approximately 12% of home…
• Home Closings and OrdersImportance 25 · Surprise 32
  Lennar delivered 20,840 homes in fiscal Q3 2026, down 3% year over year, and recorded 20,879 new orders, down 9%. Third-party reporting describes continued buyer caution and weaker new-home sales amid affordability…

News · 2026-09-19

• Revenue Performance and MixImportance 45 · Surprise 38
  Lennar reported fiscal Q3 2026 revenue of $8.05 billion, below the $8.32 billion analyst consensus. Adjusted EPS was $1.23, also below expectations of $1.29 and about 35% below the year-ago quarter. Homebuilding…

News · 2026-09-18

• Competition and Pricing PressureImportance 32 · Surprise 24
  Lennar used pricing adjustments and sales incentives to sustain sales volumes as higher mortgage rates and affordability pressures weakened buyer demand. Third-party reporting said increased resale inventory…

News · 2026-09-17

• Guidance / OutlookImportance 57 · Surprise 60
  Lennar reduced its full-year 2026 delivery outlook for the second time, to 80,000–81,000 homes from 82,000–83,000, citing rising mortgage rates and deteriorating market conditions. For fiscal Q4, management expected…
• Revenue Performance and MixImportance 43 · Surprise 32
  Lennar reported third-quarter fiscal 2026 revenue of $8.05 billion for the quarter ended August 31, down 8.6% year over year from $8.81 billion and 3.4% below the $8.33 billion consensus estimate. Lower home deliveries…
• Segment ProfitabilityImportance 32 · Surprise 24
  Lennar reported third-quarter Homebuilding operating earnings of $502 million and Financial Services operating earnings of $129 million. Multifamily recorded an operating loss of $3 million, while Lennar Other reported…
• Competition and Pricing PressureImportance 32 · Surprise 24
  Lennar used pricing adjustments and sales incentives to sustain sales volumes as higher mortgage rates and affordability pressures weakened buyer demand. Third-party reporting said increased resale inventory…
• Gross Margin DriversImportance 31 · Surprise 32
  Third-quarter gross margin on home sales was 15.8%, down from 17.5% a year earlier but up sequentially from 15.6%. SG&A was 9.2% of home sales revenue, compared with 8.2% a year ago, leaving a 6.6% net margin on home…
• Home Closings and OrdersImportance 31 · Surprise 32
  Lennar reported 20,879 new orders in Q3 2026, down 9% year over year, and a quarter-end backlog of 16,857 homes valued at $6.3 billion, down 4.5%. Deliveries declined 3% to 20,840 homes. Reporting attributed weaker…
• Interest Rate EnvironmentImportance 26 · Surprise 24
  Lennar said rising mortgage rates and affordability pressures were causing consumers to delay home purchases. The 30-year mortgage rate was approximately 6.8% at the end of Q3 2026 and had risen further since, while…
• Liquidity and Debt PositionImportance 13 · Surprise 6
  Lennar reported $1.2 billion of Homebuilding cash and cash equivalents and total liquidity of $3.6 billion at the end of the third quarter. It redeemed $400 million of 5.25% senior notes due June 2026 and had $650…

Earnings call · 2026-09-16

• Gross Margin DriversImportance 37 · Surprise 32
  Q3 gross margin was 15.8%, up from 15.6% in Q2 but below the approximately 16% outlook; net margin was 6.6%. Since 2023, revenue per square foot has fallen 13%, while construction cost per square foot has fallen 14%;…
• Capital Return ProgramImportance 32 · Surprise 24
  During Q3, Lennar used cash to redeem $400 million of senior notes that matured June 1. The company repurchased 3 million shares for $256 million and paid $119 million in dividends. Management said it expects to…
• Products and TechnologyImportance 32 · Surprise 24
  Lennar’s Everything’s Included platform standardizes home features to capture purchasing efficiencies, support affordability, and differentiate its offering. Management said the platform allows the company to put more…
• Supply Chain ConstraintsImportance 32 · Surprise 24
  Management said labor availability is becoming more constrained in certain geographies, with data-center construction and immigration enforcement contributing to tightness. Approximately 20% of Lennar’s divisions are…
• Balance Sheet and LiquidityImportance 31 · Surprise 6
  Lennar ended Q3 with $1.2 billion of cash and $3.6 billion of total liquidity. Homebuilding debt to total capital was 16.6%; the company had $650 million outstanding on its revolving credit facility and $1.7 billion…
• Labor Availability ConstraintsImportance 27 · Surprise 12
  Management said labor availability was becoming more difficult because of sporadic immigration enforcement and data-center construction, with pressure varying by geography. David Grove estimated that roughly 20% of…
• Housing Affordability PolicyImportance 20 · Surprise 24
  Management said federal and state attention to housing affordability was unprecedented in its experience and continued to expect meaningful federal and/or state action, though it was taking longer than hoped. Lennar…