Lennar (LEN) Stock News

Quarterra Group, a subsidiary of Lennar Corporation (NYSE:LEN), has announced the start of leasing at Emblem Mill Road, a 324-home garden-style apartment community in McDonough, Georgia. The development represents Quarterra's fourth Emblem community in the Atlanta market, focusing on providing attainable housing for middle-income renters.

Located at 243 Mill Road, the three-story community offers one and two-bedroom homes ranging from 738 to 1,194 square feet. The property features modern amenities including a clubhouse, resort-style pool, fitness room, outdoor grills, package lockers, nature trail, and dog park. The development includes 619 surface parking spaces, 30 garage spaces, and four EV charging stalls.

The community will be managed under a recent merger agreement between Quarterra Living and RKW Residential. Nationwide, Quarterra has delivered 8 Emblem communities to date, with more in development, addressing the supply shortage in the middle-income housing market.

Quarterra Group, a subsidiary of Lennar Corporation (NYSE:LEN), has commenced leasing at Artemas, a new mid-rise apartment community in Everett, Massachusetts. The development features 396 apartment homes and 1,500 square feet of retail space, located just four miles north of Downtown Boston.

The property offers studio, one- and two-bedroom floor plans ranging from 561 to 1,481 square feet, featuring luxury amenities including stainless steel appliances, quartz countertops, and under-cabinet lighting. Community amenities include a rooftop deck, two elevated courtyards, fitness center, resort-style pool, and a 500-space parking garage. The development is designed to meet NGBS Gold Certification standards.

Title Resources Group (NYSE:HOUS) has appointed Natasha Branch as Vice President, Education and Underwriting Counsel for North Carolina. With 18 years of experience in underwriting and risk management, Branch will provide underwriting support and guidance to independent and affiliated title agents throughout North Carolina and the Southeast.

In her previous role, Branch demonstrated significant operational success, increasing productivity by over 25% and managing approximately 200 complex real estate title issues annually. She holds a Juris Doctor from UNC School of Law and serves as secretary of the North Carolina Land Title Association's Executive Committee.

Lennar Corporation (NYSE: LEN), a leading U.S. homebuilder, has announced a quarterly cash dividend declaration. The company's Board of Directors has approved a dividend of $0.50 per share for both Class A and Class B common stock. The dividend will be paid on July 18, 2025, to stockholders who are recorded as holders at the close of business on July 3, 2025. This dividend announcement demonstrates Lennar's commitment to returning value to shareholders through regular cash distributions.

Lennar Corporation (LEN) reported Q2 2025 results with net earnings of $477 million ($1.81 per diluted share), down from $954 million ($3.45 per diluted share) in Q2 2024. New orders increased 6% to 22,601 homes while deliveries rose 2% to 20,131 homes. Total revenues were $8.4 billion, with home sales revenue declining 7% to $7.8 billion. The average home sales price decreased 9% to $389,000, reflecting market softness. Gross margin was 17.8% (18.0% excluding purchase accounting), while SG&A expenses increased to 8.8% of revenues. The company maintained strong liquidity of $5.4 billion and a low homebuilding debt to capital ratio of 11.0%. During the quarter, Lennar issued $700 million in senior notes, repaid $500 million in existing notes, and repurchased 4.7 million shares for $517 million. For Q3 2025, Lennar expects 22,000-23,000 new orders and deliveries, with gross margins remaining around 18%.

Lennar has launched sales for The Townes at Arbors at Wiregrass, a new luxury townhome community in Wesley Chapel, FL. The development offers three floorplans ranging from 2,173 to 2,410 square feet, featuring 3-4 bedrooms and 3.5-4 bathrooms, with prices starting in the high $400,000s. Each townhome includes Lennar's Everything's Included® program, offering premium features like stainless steel appliances, quartz countertops, and washer/dryer as standard. The community features amenities including a private pool and cabana, and is strategically located near The Shops at Wiregrass Outlets, Tampa Premium Outlets, and The Grove, with access to top-rated schools.

Lennar Corporation (NYSE: LEN), a leading national homebuilder, has scheduled its second quarter fiscal 2025 earnings release and conference call. The company will announce earnings for the quarter ended May 31, 2025, after market close on June 16, 2025, followed by a conference call on June 17, 2025, at 11:00 a.m. Eastern Time. Investors can access the live webcast through Lennar's investor relations website, with a 90-day archive available afterward. Founded in 1954, Lennar builds affordable, move-up, and active adult homes, while also providing financial services through mortgage financing and title services, and maintains a multifamily development segment. The company's LENX division focuses on technology, innovation, and strategic investments.

Quarterra Multifamily, a Lennar Corporation subsidiary, has begun leasing at The Ansel, a new luxury apartment community in Frisco, Texas. The mid-rise development features 355 apartment homes ranging from studios to two-bedrooms (588-1,384 sq ft). Located at 4220 Tributary Way, the property offers premium amenities including a pool, outdoor grilling stations, fitness center, and EV charging stations.

The Ansel is strategically positioned near major retail destinations like Legacy West and Stonebriar Centre, with easy access to the Sam Rayburn Tollway and Dallas North Tollway. The community marks Quarterra's fifth Texas development and first entry into the Dallas/Fort Worth market, featuring upscale finishes such as quartz countertops, stainless steel appliances, and smart home technology.

The Piper, a 284-unit luxury apartment community in Redmond, Washington, developed by Quarterra Multifamily (a Lennar Corporation subsidiary) and QuadReal Property Group, has achieved significant leasing success. The property has reached 60% leased and over 50% occupied within six months of opening in August 2024.

Located adjacent to the 640-acre Marymoor Park, The Piper features two five-story buildings connected by an artistic pedestrian walkway. The development offers units ranging from 475-square-foot studios to 1,400-square-foot three-bedroom layouts. Key amenities include a resort-style pool and spa, outdoor sauna, coworking space, club room, and kids' play areas. The property's location near the upcoming Southeast Redmond Light Rail Station (opening May 2025) will provide convenient access to Bellevue and Seattle's tech hubs.