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.
Lennar (NYSE: LEN and LEN.B) has announced a quarterly cash dividend declaration by its Board of Directors. The dividend of $0.50 per share will be paid to both Class A and Class B common stockholders. The payment is scheduled for May 7, 2025, with the record date set for April 23, 2025.
Lennar (NYSE: LEN) has partnered with Dandelion Energy to implement one of the largest residential geothermal deployments in US history. The collaboration will integrate Dandelion's geothermal systems into over 1,500 new Lennar homes in Colorado over the next two years.
Homeowners are expected to save approximately $30 million over 20 years compared to air-source heat pumps, offering the lowest monthly energy bills. The initiative benefits from Colorado's state tax credit and Xcel Energy's geothermal programs, significantly reducing up-front costs for homebuilders.
The project aligns with Colorado's clean energy transition goals, promising reduced carbon emissions and lower energy costs. According to the Department of Energy, widespread adoption of geothermal heat pumps could eliminate the need for 24,500 miles of new grid transmission lines.
Quarterra Multifamily, a Lennar subsidiary, has begun leasing at Tavin, a new mixed-use community in Seattle's Crown Hill neighborhood. The seven-story development features 194 apartment homes and over 10,000 square feet of ground-floor retail space, including a premium restaurant.
The podium-style community, developed with CPPIB, offers studio, one- and two-bedroom units ranging from 455 to 1,099 square feet. Apartments include modern amenities such as keyless entry, vinyl plank flooring, quartz countertops, and stainless steel appliances. Community features include an expansive fitness center, co-working spaces, and two seventh-floor patios with views.
Located at 8511 15th Ave. NW, Tavin provides access to diverse dining, retail options, and outdoor attractions. The transit-oriented site offers connectivity to major highways and the RapidRide E Line bus transit station. This marks Quarterra's 11th development in the greater Seattle market.
Lennar (LEN) reported its Q1 2025 results with net earnings of $520 million, or $1.96 per diluted share ($2.14 excluding mark-to-market losses on technology investments). Key performance metrics include:
- New orders increased 1% to 18,355 homes, though order value decreased 4% to $7.4 billion
- Deliveries rose 6% to 17,834 homes
- Total revenues reached $7.6 billion
- Gross margin on home sales was 18.7%
- Average sales price declined 1% to $408,000
The quarter was marked by significant corporate actions including the spin-off of Millrose Properties on February 7th and the acquisition of Rausch Coleman Homes on February 10th. The company maintained strong liquidity with $2.3 billion in cash and no outstanding borrowings under its $3.0 billion credit facility. Lennar repurchased 5.2 million shares for $703 million during the quarter.
Lennar (NYSE: LEN), a leading US homebuilder, has scheduled its first quarter 2025 earnings release for March 20, 2025, after market close. The company will host a conference call on March 21, 2025, at 11:00 a.m. Eastern Time to discuss the results for the quarter ended February 28, 2025.
The earnings call will be accessible through a live webcast on investors.lennar.com and will remain archived on the website for 90 days. Founded in 1954, Lennar builds affordable, move-up and active adult homes, while also operating Financial Services (mortgage financing and title services) and Multifamily segments. The company's LENX division focuses on technology, innovation and strategic investments.
Quarterra Multifamily, a Lennar subsidiary, has begun leasing at Hawkins, a new 178-unit apartment complex on San Francisco's Treasure Island, with first move-ins scheduled for February 2025. The development features studio to three-bedroom units ranging from 456 to 1,661 square feet, plus 1,500 square feet of retail space.
The property, designed by Mark Cavagnero Associates, consists of a six-story mid-rise and four-story low-rise structure offering views of the Golden Gate Bridge, Bay Bridge, and Downtown San Francisco. Hawkins is part of the larger Treasure Island Community Development project, which will ultimately include 8,000 homes, cultural attractions, shops, restaurants, and 300 acres of open space.
Located at 77 Burton Street, the development offers premium amenities including a rooftop terrace, fitness center, coworking space, and EV charging stations. The location provides convenient access to downtown San Francisco via an 8-minute ferry ride.
Lennar (NYSE: LEN) has completed the taxable spin-off of Millrose Properties (NYSE: MRP), distributing approximately 80% of Millrose's stock to Lennar stockholders. Each Lennar stockholder received one share of Millrose Class A common stock for every two shares of Lennar stock held as of January 21, 2025.
Millrose received $5.5 billion in land assets and $1.0 billion in cash from Lennar, with a book value of equity of approximately $5.8 billion. The company will have access to a $1.3 billion revolving credit facility, expandable to $2.0 billion. Millrose intends to qualify as a REIT and will operate as a homesite option purchase platform, initially serving Lennar with plans to expand to other homebuilders.
This spin-off advances Lennar's strategy to become a pure-play, asset-light home manufacturer, continuing its transformation from 19% controlled homesites in 2013 to 82% by the end of 2024.
Lennar (NYSE: LEN) has completed its acquisition of Rausch Coleman Homes, a residential homebuilder based in Fayetteville, Arkansas. The acquisition expands Lennar's presence into new markets across Arkansas, Oklahoma, Alabama, and Kansas/Missouri, while strengthening its existing footprint in Texas, Oklahoma, Alabama, and Florida.
Rausch Coleman delivered approximately 5,300 homes in 2024 with an average sales price of $230,000. The transaction structure involves Lennar acquiring the homebuilding operations, while Millrose Properties (NYSE: MRP), Lennar's recently spun-off subsidiary, acquired the land assets with Lennar maintaining options on the land. This structure aligns with Lennar's asset-light strategy and is expected to generate significant returns.
Lennar (NYSE: LEN) has announced key dates for its previously disclosed taxable spin-off of approximately 80% of Millrose Properties stock. On February 7, 2025, Lennar stockholders of record as of January 21, 2025, will receive one share of Millrose Class A common stock for every two shares of Lennar Class A or Class B common stock held.
Stockholders have the option to elect to receive Millrose Class B common stock instead of Class A stock for some or all of their entitled shares. The election period runs from January 21, 2025, through 5:00 PM NYC time on February 3, 2025. Elections must be submitted electronically either through Lennar's transfer agent website or through stockholders' brokerage firms. Those who don't submit a valid election will receive Millrose Class A stock by default.
Lennar (NYSE: LEN and LEN.B) has announced that its Board of Directors has declared a quarterly cash dividend of $0.50 per share. The dividend applies to both Class A and Class B common stock and will be paid on February 12, 2025. Shareholders who are holders of record at the close of business on January 29, 2025 will be eligible to receive this dividend payment.
