LENNAR CORP

Lennar Corporation is one of the largest homebuilders in the United States based on deliveries, revenues, and net earnings. The company also originates residential and commercial mortgage loans, provides title insurance and closing services, and develops multifamily rental properties. Additionally, Lennar sponsors and manages funds and joint ventures for developing and owning multifamily rental properties, and a fund for owning single-family rental properties. The company also invests in technology companies focused on improving the homebuilding and real estate financial services industries. Homebuilding operations are the primary part of Lennar's business, generating $32 billion in revenues, or approximately 94% of consolidated revenues, in fiscal 2025. As of November 30, 2025, Lennar's Homebuilding segments and other Homebuilding operations have divisions in the East (Florida, New Jersey, Pennsylvania), Central (Alabama, Georgia, Illinois, Indiana, Maryland, Minnesota, North Carolina, South Carolina, Tennessee, Virginia), South Central (Arkansas, Kansas, Missouri, Oklahoma, Texas), and West (Arizona, California, Colorado, Idaho, Nevada, Oregon, Utah, Washington). Other homebuilding operations include urban divisions and related investments, primarily in California, including FivePoint Holdings, LLC. Lennar's other reportable segments are Financial Services, Multifamily, and Lennar Other. The company was founded in Miami in 1954, went public in 1971, and listed on the New York Stock Exchange in 1972.