Lennar Stock Price, News & Analysis

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.

Title Resources Group (TRG) has appointed Juliann Hickey as Senior Vice President, Regional Manager, reporting to CEO Scott McCall. Hickey will spearhead business development in Alabama, Georgia, and Mississippi, while managing growth initiatives in Florida.

With 25 years of experience in real estate and financial services, Hickey brings diverse expertise to TRG. Her background includes private practice in real estate transactions, roles as underwriting counsel at national title insurance companies, and international banking experience at Credit Suisse AG in Switzerland.

Notably, Hickey previously served as TRG's Senior Vice President, Eastern Regional Manager, overseeing strategy across 14 states. A Florida licensed attorney, she holds a Juris Doctor from the University of Florida and received the UCF Professional Achievement Award in 2015.

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.