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 (NYSE: LEN, LEN.B) is one of the nation’s largest homebuilders, with operations that span homebuilding, financial services, multifamily rental development and housing-related technology investments. The Lennar news feed on this page aggregates company announcements, earnings releases, transaction updates and other material disclosures that shape how investors and observers understand the business.
Readers can follow homebuilding and market updates as Lennar reports quarterly and annual results, including new orders, home deliveries, revenues from home sales, margins and segment operating earnings. These earnings releases, which are also furnished to the SEC on Form 8-K, often include management commentary on housing demand, affordability, incentives and construction activity across Lennar’s communities.
The news stream also covers corporate actions and capital markets events, such as the spin-off of Millrose Properties, Inc. and Lennar’s exchange offer to swap Millrose shares for Lennar Class A common stock. Announcements related to the timing, extension, preliminary results and final results of the exchange offer provide insight into how Lennar manages its investment portfolio and share count.
Leadership and governance developments are another key theme in Lennar news. Press releases and corresponding Form 8-K filings describe retirements and appointments of senior executives, changes in board composition and consulting arrangements with former officers, giving context on succession planning and organizational structure.
In addition, Lennar news highlights strategic partnerships and multifamily initiatives, including the recapitalization of Quarterra with TPG Real Estate. These items describe how Lennar participates in the multifamily rental market and supports platforms focused on attainable, high-quality rental housing.
By reviewing the news items on this page, users can see how Lennar communicates about its financial performance, housing activity, leadership changes and strategic transactions over time.
LMC has launched leasing for Halcyon House, introducing 393 new apartment homes in Costa Mesa, CA. Positioned in a culturally vibrant area, residents will enjoy access to renowned dining, shopping, and the esteemed arts district. The community features modern amenities including smart home technologies, pools, a fitness studio, and concierge services. With its strategic location just minutes from top-rated beaches and major attractions, Halcyon House aims to offer a sophisticated living experience. This addition marks LMC's third community in Orange County, enhancing its $16.4 billion development pipeline.
Lennar Corporation (NYSE: LEN, LEN.B) will announce its second-quarter earnings for the period ending May 31, 2022, on June 21, 2022, before market opens. This adjustment is due to June 20 being a federal holiday. A conference call is scheduled for the same day at 11:00 a.m. Eastern Time, accessible via Lennar's investor relations website. The call will also be archived for 90 days for those who cannot attend live. Lennar is a leading homebuilder with a diverse range of residential and financial services across the U.S.
Lennar Corporation (NYSE: LEN, LEN.B) will release its second-quarter earnings on June 20, 2022, following the market close. The earnings pertain to the period ending on May 31, 2022. A conference call is scheduled for June 21, 2022, at 11:00 a.m. Eastern Time, which will be accessible via Lennar's website. The call will be archived for 90 days for those unable to attend live. Established in 1954, Lennar is known for building affordable homes and provides various financial services for home buyers.
LMC, a subsidiary of Lennar Corporation (NYSE: LEN), has opened The Remy, a luxury apartment community in Plantation, Florida. This mid-rise, lakeside development features 271 apartment homes with upscale amenities and modern finishes. Conveniently located near shopping, dining, and recreational parks, residents enjoy access to outdoor activities and proximity to Fort Lauderdale's beaches. The community offers various apartment sizes, including one-, two-, and three-bedroom options with luxury features. As of November 2021, LMC's development pipeline includes 42,000 homes valued at over $16.4 billion.
Lennar Corporation (NYSE: LEN, LEN.B) announced a quarterly cash dividend of $0.375 per share for both Class A and Class B common stock. The dividend is payable on May 10, 2022 to shareholders who are on record as of the close of business on April 26, 2022. This declaration reflects Lennar's commitment to returning value to shareholders and maintaining strong financial health in the housing market.
LMC, a subsidiary of Lennar (NYSE:LEN, LEN.B), announced that eight of its communities have received Energy Star certifications for their energy efficiency. Notably, three communities achieved perfect EPA scores of 100, highlighting their superior performance. Energy Star certified buildings, on average, utilize 35% less energy and emit 35% less greenhouse gases than non-certified buildings, while also costing up to 50 cents less per square foot to operate. This achievement underscores LMC's commitment to sustainability and green initiatives.
Lennar Corporation (NYSE: LEN, LEN.B) reported Q1 2022 net earnings of $503.6 million ($1.69 per share), down from $1 billion in Q1 2021. Excluding mark-to-market losses, earnings rose to $800.2 million ($2.70 per share), up from $642.7 million in the prior year. Revenues increased by 16% to $6.2 billion, driven by higher home deliveries and average sales prices. Homebuilding gross margins improved to 26.9%. The company repurchased 5.3 million shares for $526.3 million and has a $2 billion stock repurchase authorization. Guidance for FY 2022 deliveries is raised to 68,000 homes.
Lennar Corporation (NYSE: LEN and LEN.B) will release its first quarter earnings for the period ending February 28, 2022, after market close on March 16, 2022. A conference call is scheduled for March 17, 2022, at 11:00 a.m. Eastern Time, which will be accessible via the Company's website. Lennar is recognized as a leading homebuilder and provides a range of services including mortgage financing through its Financial Services segment. Founded in 1954, Lennar is focused on building affordable homes for diverse generations.
CPP Investments and LMC have formed a joint venture to develop multifamily communities across major U.S. markets, launching with five seed assets totaling 1,371 apartment homes. The venture allocates $979 million in equity, with CPP Investments holding a 96% stake. This initiative targets high-demand areas where housing supply lags behind renter demand, aiming for long-term returns. LMC, a key player in apartment development, has a significant portfolio and experience, enhancing the JV's potential for success in meeting strong housing needs.
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