Lennar Stock Price, News & Analysis

GAMCO Investors (OTCQX: GAMI) sent a letter to Lennar Corporation on October 10, 2025 regarding Lennar’s proposed exchange offer tied to up to 33,298,764 Millrose Properties Class A shares. GAMCO discloses it owns approximately 1,719,782 Lennar Class B shares (5.5%) of 31,217,013 Class B shares outstanding.

GAMCO supports the exchange’s goal to retire equity at an attractive valuation relative to Private Market Value, but objects that Lennar excluded Class B shareholders. GAMCO notes Class B trades at $111.43 while Class A trades at $118.77 (a 7% discount) and urges inclusion of Class B shareholders or permitting conversion to Class A to participate.

Lennar (NYSE: LEN) launched an exchange offer on Oct 10, 2025 to exchange the approximately 20% stake it currently owns in Millrose (NYSE: MRP) — 33,298,764 shares as of Oct 7, 2025 — for Lennar Class A common stock.

The offer runs from Oct 10, 2025 and expires on Nov 7, 2025 unless extended or terminated. Tendering Lennar Class A shares will receive Millrose Class A shares at a 6% discount, subject to a cap of 4.1367 MRP shares per LEN share and a final exchange ratio tied to the three‑day VWAP expected on Nov 3–5, 2025. The offer is registered on a Form S-4; completion depends on the Registration Statement becoming effective and could be delayed or withdrawn if the SEC does not declare it effective during the current U.S. government shutdown.

Lennar Corporation (NYSE: LEN), a leading U.S. homebuilder, has announced a quarterly cash dividend declaration. The company's Board of Directors approved a $0.50 per share dividend for both Class A and Class B common stock. The dividend will be paid on October 27, 2025, to shareholders of record as of October 10, 2025.

Lennar Corporation (NYSE:LEN) reported its Q3 2025 results with net earnings of $591 million, or $2.29 per diluted share ($2.00 excluding mark-to-market gains). The company delivered 21,584 homes and recorded 23,004 new orders, a 12% increase year-over-year. However, challenging market conditions led to reduced average sales prices of $383,000 and lower gross margins of 17.5%.

Key metrics include total revenues of $8.8 billion, homebuilding operating earnings of $760 million, and Financial Services operating earnings of $178 million. The company maintained strong liquidity with $1.4 billion in homebuilding cash and achieved its shortest-ever cycle time of 126 days. During Q3, Lennar repurchased 4.1 million shares for $507 million and maintained a low homebuilding debt to total capital ratio of 13.5%.

Lennar Corporation (NYSE: LEN), a leading national homebuilder, has scheduled its third quarter 2025 earnings release for September 18, 2025, after market close. The company will host a conference call to discuss the results on September 19, 2025, at 11:00 a.m. Eastern Time.

Investors can access the live webcast through investors.lennar.com, where the recording will remain available for 90 days. Lennar, established in 1954, operates through multiple segments including homebuilding, financial services, multifamily development, and LENX for technology and strategic investments.

Title Resources Group (TRG) has appointed Stacy Short as Agency Account Manager for Virginia, Maryland, and the District of Columbia. Short, a 30-year real estate industry veteran, will focus on business development and managing relationships with title insurance agents in the Mid-Atlantic region.

Short's extensive background includes roles in mortgage lending, title insurance underwriting, legal services, and real estate. Her previous experience includes working as a business development officer, paralegal, title curative specialist at Require LLC, co-owner of a title agency, and mortgage loan officer. She is currently a licensed title insurance underwriter and notary public in Virginia.

Title Resources Group (NYSE:OPEN) has appointed Janell Downing as Agency Account Manager for Ohio, New Jersey and Pennsylvania. Downing brings over 40 years of title insurance experience to the role, including 25 years with large underwriters and 6 years as an escrow officer and branch manager.

Downing will focus on business development, managing relationships with title insurance agents, and supporting their growth initiatives. She holds the Ohio Land Title Professional designation and previously served on the Ohio Land Title Association Board as Trustee and Secretary from 2019-2023.

Quarterra Group, a Lennar Corporation (NYSE:LEN) subsidiary, has commenced leasing at Harper, a 265-unit mid-rise apartment community in Boston's Allston neighborhood. The property features studio, one- and two-bedroom apartments ranging from 450 to 1,120 square feet, including eight designated artist studio units.

The development, located at 40 Rugg Road, offers premium amenities including two rooftop decks, 11,000 square feet of landscaped green space, and 2,500 square feet of ground-floor retail. The LEED Gold-certified property provides strategic access to major employers, universities, and transit options, with the Boston Landing MBTA Commuter Rail station and Harvard Avenue Station nearby.

Lennar Corporation (NYSE: LEN) announced key leadership changes with the retirement of two senior executives. Mark Sustana, General Counsel and Vice President, will retire effective September 2, 2025, after serving since 2005. He will be succeeded by Katherine Lee Martin, who joins from The Hertz Corporation as Chief Legal Officer.

Additionally, Chief Operating Officer Fred Rothman will retire on the same date after nearly 20 years with the company. Rothman, who joined in 2006 and became COO in 2019, will continue as a consultant. The company does not plan to replace the COO position.