Lennar Stock Price, News & Analysis

Lennar (NYSE: LEN and LEN.B) announced an extension of the expiration date for its previously announced Exchange Offer to exchange the approximately 20% of Millrose Properties, Inc. (NYSE: MRP) shares that Lennar owns for Lennar Class A common stock.

The Exchange Offer expiration was moved from 12:00 midnight ET on November 7, 2025 to 12:00 midnight ET on November 14, 2025 because the SEC has not been declaring Form S-4 registration statements effective during the ongoing U.S. federal government shutdown. If the Registration Statement is not declared effective by the new Expiration Date, Lennar may further extend or terminate the Exchange Offer.

Lennar (NYSE: LEN) began sales on October 17, 2025 for River Bridge Ranch, a new single-family home community in San Marcos, Texas. The development offers 28 home designs with one- and two-story floorplans ranging from 1,200 to 2,780 sq ft, featuring 3–5 bedrooms and 2–3 bathrooms.

Homes include Lennar's Everything's Included® features and start in the mid $200,000s. On-site amenities include a swimming pool, clubhouse, pavilion with washer pit, playground, half basketball court, and walking trails. The community is near downtown San Marcos, Texas State University, and river recreation like Don's Fish Camp and Texas State Tubes. For sales information, Lennar lists a community website and phone (512) 489-6838.

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.