Lennar Corporation reports news as a U.S. homebuilder with Class A and Class B common stock traded on the New York Stock Exchange. The company builds affordable, move-up and active adult homes primarily under the Lennar brand, and its updates commonly cover home orders, deliveries, backlog, margins, revenues and liquidity in homebuilding.
Recurring announcements also address quarterly dividends, share repurchases, earnings-call schedules, mortgage, title and closing services in Financial Services, multifamily rental development, commercial real estate mortgage origination through LMF Commercial, and technology and strategic investments through LENX.
Lennar (NYSE: LEN) reported Q1 2026 results for period ended Feb 28, 2026: net earnings of $229M ($0.93 diluted; $0.88 excluding mark-to-market gains), total revenues of $6.6B, deliveries of 16,863 homes, backlog of 15,588 homes valued at $6.0B, and a gross margin on home sales of 15.2%.
The company repurchased 2 million shares for $237M, reported homebuilding cash of $2.1B, and provided Q2 2026 guidance for deliveries of 20,000–21,000 homes and gross margin of 15.5%–16.0%.
Lennar Corporation (NYSE: LEN) said it will release first quarter 2026 earnings after market close on March 12, 2026 and host a live conference call on March 13, 2026 at 11:00 a.m. ET.
The call will be webcast live and archived for 90 days at the company investor website; investor questions can be directed to CFO Diane Bessette at the provided contact number.
Lennar Corporation (NYSE: LEN) announced a quarterly cash dividend of $0.50 per share for both Class A and Class B common stock. The dividend is payable on February 19, 2026 to shareholders of record at the close of business on February 4, 2026.
Lennar (NYSE: LEN) and TPG Real Estate announced a strategic recapitalization of Quarterra on January 6, 2026, in which TPG acquired a majority interest and Lennar retained a minority stake.
TPG committed $1 billion and expects to raise additional capital to grow Quarterra’s multifamily pipeline, centered on Emblem communities—attainable, Class A rental housing. Quarterra has delivered 43,000 rental residences since 2011 and has ~13,000 units in development. CEO Brad Greiwe remains in place; legacy joint ventures are excluded from the transaction.
Lennar (NYSE: LEN) reported Q4 2025 net earnings of $490M ($1.93/sh) and FY2025 net earnings of $2.1B ($7.98/sh), with adjusted EPS of $2.03 in Q4 and $8.06 for the year excluding certain items. Q4 highlights included 20,018 new orders (+18% YoY), 23,034 deliveries (+4% YoY), backlog of 13,936 homes worth $5.2B, and total revenues of $9.4B. Gross margin on home sales was 17.0% in Q4 (FY 17.7%). The company completed a non-cash Millrose exchange, repurchased 22.1M shares, and ended Q4 with $3.4B cash.
Lennar Corporation (NYSE: LEN) will release fourth-quarter results for the period ended November 30, 2025 after market close on December 16, 2025 and will host a live conference call on December 17, 2025 at 11:00 a.m. ET.
The webcast is available at investors.lennar.com and will be archived for 90 days. Lennar builds single‑family and multifamily housing and provides mortgage, title and closing services through its Financial Services and LMF Commercial businesses. For investor access, use the company webcast page on the scheduled dates.
Millrose Properties (NYSE:MRP) announced completion of Lennar's (NYSE:LEN, LEN.B) exchange offer, closing an offer that converted Millrose Class A shares Lennar retained after the February 2025 spin-off. Lennar had initially retained ~20% of Millrose shares after the distribution; Lennar exchanged those retained shares when the offer expired on November 21, 2025. The exchange was significantly oversubscribed, with Lennar stockholders tendering approximately 11 times the Lennar shares available for exchange. Millrose said the transaction diversifies its shareholder base, increases liquidity, and maintains Lennar as a cornerstone partner providing consistent demand for finished homesite inventory.
Lennar (NYSE: LEN) announced final results of its exchange offer that expired on November 21, 2025. Lennar accepted 8,049,594 shares of Lennar Class A common stock in exchange for 33,298,754 shares of Millrose Class A common stock (Lennar previously owned approximately 20% of Millrose).
Total Lennar Class A shares validly tendered were 85,296,924; 84,518,299 were subject to proration and 778,625 were odd-lot shares not subject to proration. The final proration factor was 8.604228%. Computershare was exchange agent; Goldman Sachs and J.P. Morgan were dealer managers; Vestra Advisors was Millrose financial advisor.
Lennar (NYSE: LEN) announced preliminary results of its exchange offer on Nov 24, 2025. The offer to exchange up to 33,298,764 shares of Millrose Class A for Lennar Class A stock expired on Nov 21, 2025 and was oversubscribed.
Computershare reported 91,972,752 Lennar Class A shares tendered (including 31,341,148 by guaranteed delivery). The Final Exchange Ratio is 4.1367 Millrose shares per Lennar share. Lennar intends to accept 8,049,596 tendered Lennar shares in exchange for the full 33,298,764 Millrose shares offered, implying a preliminary proration factor of 7.97%.
Guaranteed-delivery deliveries are due by 5:00 p.m. on Nov 25, 2025; final proration will be announced after that period.
Lennar (NYSE: LEN) announced a final exchange ratio of 4.1367 in its offer to exchange up to 33,298,764 shares of Millrose Class A stock (about 20% of Millrose outstanding) that Lennar owns for Lennar Class A common stock.
Under the ratio, each Lennar Class A share validly tendered and accepted will receive 4.1367 Millrose Class A shares. If fully subscribed, Lennar can accept up to approximately 8,049,596 Lennar Class A shares. The Exchange Offer may be prorated if oversubscribed and expires at 12:00 midnight New York City time on November 21, 2025.