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Lennar Corporation Class B - LEN.B STOCK NEWS

Welcome to our dedicated page for Lennar Corporation Class B news (Ticker: LEN.B), a resource for investors and traders seeking the latest updates and insights on Lennar Corporation Class B stock.

Lennar Corporation, listed on the NYSE under symbols LEN and LEN.B, is a leading homebuilder and mortgage loan originator in the United States. The company caters to first-time, move-up, and active adult homebuyers through its homebuilding operations under the Lennar brand name. Additionally, Lennar's financial-services segment provides mortgage financing and related services to homebuyers. The Miami-based company is actively involved in multifamily and single-family for rent construction and has made investments in various housing-related technology startups.

The latest news from Lennar includes the topping off of The Dori, a new community in Doral, Fla., developed by Quarterra Multifamily, a subsidiary of Lennar Corporation. The Dori is a 222-home mid-rise community aimed at complementing the lifestyle and natural surroundings of South Florida. Featuring energy-saving smart home technology and a National Green Building Standard bronze certification, The Dori is strategically designed to capture the essence of South Florida, making it an environmentally friendly and aesthetically pleasing community.

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Lennar Corporation has announced the election of Serena Wolfe to its Board of Directors, effective September 2, 2023. Ms. Wolfe, currently the Chief Financial Officer of Annaly Capital Management, brings nearly 25 years of experience in accounting, with a focus on real estate and financial services sectors. She is also a director and Chair of the Audit Committee at Doma Holdings, Inc.
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Quarterra Multifamily (Lennar Corporation) Announces Leasing Start for Winslow, a Bohemian Mid-Rise Community in San Diego's University Heights Neighborhood
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Quarterra Multifamily and CPPIB announce the topping off of The Dori, a 222-home mid-rise community in Doral, Florida. The community is inspired by nature and features energy-saving smart home technology. It has earned a National Green Building Standard bronze certification for its environmentally friendly design. The Dori offers residents in-neighborhood opportunities and easy access to the Miami Metro Area. It is positioned near major regional employers and sports venues. The community includes a resort-style pool, fitness center, skylounge, and other amenities.
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Lennar Corporation reports second quarter 2023 results with net earnings of $872 million and deliveries of 17,074 homes. Gross margin on home sales is 22.5% and net margin is 15.8%. Homebuilding debt to total capital is 13.3%. The company expects to deliver between 17,750 to 18,250 homes in the third quarter with a gross margin between 23.5% to 24.0%.
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Quarterra Multifamily, a subsidiary of Lennar Corporation (NYSE:LEN, LEN.B), has commenced leasing at Miller & York, a new urban community in Charlotte's vibrant LoSo neighborhood. This 273-home development offers studio, one- and two-bedroom apartments, equipped with smart technology and modern amenities. Residents will enjoy a resort-style pool, clubhouse, fitness center, and access to a variety of dining and entertainment options in the area. The community's strategic location provides easy access to major thoroughfares and public transit, enhancing connectivity for residents. As Quarterra's fourth active community in Charlotte, Miller & York aims to offer a blend of lively urban living and a peaceful home environment.

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FAQ

What is the current stock price of Lennar Corporation Class B (LEN.B)?

The current stock price of Lennar Corporation Class B (LEN.B) is $138.81 as of April 16, 2024.

What is the market cap of Lennar Corporation Class B (LEN.B)?

The market cap of Lennar Corporation Class B (LEN.B) is approximately 38.6B.

What does Lennar Corporation do?

Lennar Corporation is a prominent homebuilder and mortgage loan originator in the United States, catering to various segments of homebuyers.

What are the core operations of Lennar?

Lennar's core operations include homebuilding targeting first-time, move-up, and active adult buyers, as well as providing mortgage financing and related services.

What recent achievement did Lennar announce?

Lennar recently announced the topping off of The Dori, a new community in Doral, Fla., known for its environmentally friendly design and smart home technology.

What multifamily construction projects is Lennar involved in?

Lennar is engaged in multifamily and single-family for rent construction projects, with a focus on creating high-quality rental properties.

Where is Lennar headquartered?

Lennar Corporation is headquartered in Miami, Florida, and is active in various housing-related ventures across the country.

What brands operate under Lennar Corporation?

Lennar Corporation operates primarily under the Lennar brand name, catering to different segments of the homebuyer market.

What is the latest announcement from Lennar involving Quarterra Multifamily?

Lennar, through its subsidiary Quarterra Multifamily, announced the topping off of The Dori, a new community in Doral, Fla., focused on environmental sustainability and smart home technology.

Who are the key executives at Lennar Corporation?

Key executives at Lennar include Stuart Miller, Executive Chairman, and Jon Jaffe, Co-CEO and Co-President, who work towards driving growth and innovation within the company.

What is Lennar's involvement in housing-related technology startups?

Lennar Corporation has invested in various housing-related technology startups to stay at the forefront of innovation and enhance its offerings in the real estate market.

How can I learn more about Lennar Corporation's latest updates and projects?

For the latest news and developments from Lennar Corporation, including projects like The Dori community in Doral, Fla., visit their official website or contact their investor relations team.

Lennar Corporation Class B

NYSE:LEN.B

LEN.B Rankings

LEN.B Stock Data

38.64B
33.31M
New Housing For-Sale Builders
General Bldg Contractors - Residential Bldgs
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