Lennar Corp
LEN.B
ISIN US5260571048 / Valor 1590270
Lennar Corp
UMushroom community rating:
About company
Lennar Corporation, established in 1954 and based in Miami, Florida, is a prominent builder of new homes in the United States. In addition to constructing quality residential properties, the company also engages in multifamily communities, commercial properties, land development, financial services, and asset management. Through its subsidiary Quarterra, Lennar provides rental apartment communities across the country for individuals who are not yet prepared to purchase a home.
Summarized from source with an LLMView SourceSector: IndustrialsLatest Results (14.08.2024):
Net Earnings
Lennar Corp's net earnings for the first quarter of 2024 were $719 million, or $2.57 per diluted share. This represents a 21% increase from the first quarter of 2023, where net earnings were $597 million, or $2.06 per diluted share.
Revenue Growth
Total revenues for Lennar Corp in the first quarter of 2024 increased by 13% to $7.3 billion, compared to the same period in the previous year. This growth was primarily driven by a 23% increase in home deliveries, despite an 8% decrease in the average sales price of homes delivered.
New Orders and Deliveries
In the first quarter of 2024, Lennar Corp reported a 28% increase in new orders, totaling 18,176 homes. The dollar value of these new orders increased by 21% to $7.7 billion. Additionally, home deliveries increased by 23% to 16,798 homes.
Dividends and Share Repurchases
Lennar Corp increased its annual dividend from $1.50 per share to $2.00 per share in the first quarter of 2024. The company also repurchased 3.4 million shares of its common stock for $506 million during the quarter.
Financial Position
As of February 29, 2024, Lennar Corp had $5.0 billion in homebuilding cash and cash equivalents and no outstanding borrowings under its $2.6 billion revolving credit facility. This provided the company with approximately $7.6 billion of available capacity, reflecting a strong financial position.
Summarized from source with an LLMView SourceKey figures
Performance
Volatility
4352 M
Market cap (USD)
20,438
Daily traded volume (Shares)
134.54 / 133.78
1 day high/low (USD)
52 weeks high/low (USD)
Dividend ex-date
Dividend (USD)
Dividend yield (p.a.)
Est dividend (USD)
Est dividend yield
P/E ratio
Est P/E ratio
EPS (USD)
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Ratings & reviews
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