Welcome to our dedicated page for Lennar news (Ticker: LEN), a resource for investors and traders seeking the latest updates and insights on Lennar stock.
Lennar Corporation (LEN) delivers innovative residential solutions through its homebuilding operations, financial services, and multifamily development projects. This news hub provides investors and industry observers with essential updates on the company's strategic initiatives, market positioning, and operational milestones.
Track official announcements spanning quarterly earnings, partnership developments, leadership changes, and regulatory filings. Our curated feed includes updates on Lennar's core homebuilding segments, mortgage services through Eagle Home Mortgage, and multifamily projects via Quarterra. Stay informed about the company's land light strategy execution and technology investments shaping modern construction practices.
Key content categories include financial results disclosures, corporate governance updates, sustainability initiatives, and market expansion announcements. All materials are sourced directly from verified corporate communications and regulatory filings to ensure accuracy.
Bookmark this page for streamlined access to Lennar's latest developments in residential construction innovation and financial services. Check regularly for updates reflecting the company's position as a leading national homebuilder committed to quality and operational efficiency.
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.
Lennar Corporation (NYSE: LEN, LEN.B) has announced a quarterly cash dividend of $0.375 per share for both Class A and Class B common stock. This dividend is set to be paid on May 10, 2023, to shareholders on record as of April 26, 2023. Founded in 1954, Lennar is a prominent homebuilder in the U.S., offering homes across various segments including affordable, move-up, and active adult homes. The company also provides mortgage services through its Financial Services segment and develops high-quality multifamily rental properties.
Quarterra Multifamily, a subsidiary of Lennar Corporation (NYSE: LEN, LEN.B), has announced the launch of leasing for Rowan, a new 360-home apartment community in Sparks, Nevada. This garden-style community aims to provide a modern, active lifestyle amidst the scenic Truckee Meadows. Rowan features 1 to 3-bedroom units, each equipped with high-end finishes, energy-efficient systems, and keyless entries. Residents will enjoy access to various amenities including a luxurious pool, fitness center, and pet facilities. Located near outdoor attractions and major tech employers, Rowan seeks to attract families and professionals seeking a vibrant living experience. This is Quarterra's first community in Nevada, reflecting its commitment to expanding its multifamily portfolio.
Lennar Corporation (NYSE: LEN, LEN.B) reported strong first quarter 2023 results, with net earnings increasing by 22% to $597 million, or $2.06 per diluted share. However, excluding mark-to-market losses, earnings showed a 21% decrease compared to last year. Home deliveries rose 9% to 13,659 homes, while new orders fell by 10% to 14,194 homes, reflecting a challenging market. Backlog decreased by 29%, and gross margins on home sales dropped by 570 basis points to 21.2%. The company maintains a robust balance sheet with cash reserves of $4.1 billion and no borrowings, signaling operational strength amid fluctuations in interest rates.
Lennar Corporation (NYSE: LEN, LEN.B) announced it will release its first-quarter earnings for the period ending February 28, 2023, after market close on March 14, 2023. A conference call will take place on March 15, 2023, at 11:00 a.m. Eastern Time to discuss the results. The call will be accessible via a live webcast on Lennar's investor website, with an archived version available for 90 days. Founded in 1954, Lennar is a major builder of quality homes in the U.S., offering diverse living solutions and mortgage services. For further details, visit www.lennar.com.
Quarterra, a subsidiary of Lennar Corporation (NYSE: LEN, LEN.B), has launched Emblem Riverside in Douglasville, Georgia. This new garden-style community adds 320 apartment homes to the area, enhancing the availability of attainable housing for middle-income renters. With easy access to major transportation routes and close proximity to job centers, the development is strategically located to serve over 525,000 workers in Atlanta's logistics corridor. A Phase II expansion is expected in September 2023, adding 105 more homes. Emblem Riverside features modern amenities and caters to suburban lifestyles while providing convenient access to urban employment opportunities.
Lennar Corporation (NYSE: LEN, LEN.B) has declared a quarterly cash dividend of $0.375 per share for both Class A and Class B common stock. This dividend is payable on February 10, 2023, to shareholders on record as of the close of business on January 27, 2023. Founded in 1954, Lennar is a leading homebuilder in the U.S., offering a range of homes and financial services.
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