OverviewSuggest Edit

Lennar is a home building company providing new home construction and buying services. The Company operates through Homebuilding East, Homebuilding Central, Homebuilding West, Lennar Financial Services, Rialto, and Lennar Multifamily segments. Its homebuilding activities primarily include the construction and sale of single-family attached and detached homes to first-time, move-up, and active adult homebuyers, as well as the purchase, development, and sale of residential land. Lennar also offers real estate related financial services, including mortgage financing, title insurance, and closing services for home buyers and others, as well as personal lines, property, and casualty insurance products.

TypePublic
Founded1954
HQMiami, US
Websitelennar.com
Employee Ratings3.2

Latest Updates

Employees (est.) (Nov 2019)10,106(-13%)
Job Openings209
Revenue (FY, 2019)$22.3 B(+9%)
Share Price (Sept 2020)$79.8 (+5%)
Cybersecurity ratingCMore

Key People/Management at Lennar

Stuart Miller

Stuart Miller

Executive Chairman
Rick Beckwitt

Rick Beckwitt

Chief Executive Officer
Diane Bessette

Diane Bessette

Vice President, Chief Financial Officer & Treasurer
Jon Jaffe

Jon Jaffe

President
Michael Petrolino

Michael Petrolino

Vice President - Taxation
Rob Hutton

Rob Hutton

Regional President, Lennar Homebuilding and Land
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Lennar Office Locations

Lennar has offices in Miami, Irvine and Louisville
Miami, US (HQ)
700 NW 107th Ave
Irvine, US
15131 Alton Pkwy
Louisville, US
462 S 4th St
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Lennar Financials and Metrics

Lennar Revenue

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Lennar's revenue was reported to be $22.26 b in FY, 2019 which is a 8.2% increase from the previous period.
USD

Revenue (Q2, 2020)

4.9b

Gross profit (Q2, 2020)

636.2m

Gross profit margin (Q2, 2020), %

12.9%

EBIT (Q2, 2020)

631.4m

Market capitalization (22-Sept-2020)

24.3b

Closing stock price (22-Sept-2020)

79.8
Lennar's current market capitalization is $24.3 b.
Annual
USDFY, 2016FY, 2017FY, 2018FY, 2019

Revenue

10.9b12.6b20.6b22.3b

Revenue growth, %

16%15%63%8%

Cost of goods sold

9.5b10.9b18.2b19.5b

Gross profit

1.5b1.7b2.3b2.8b
Quarterly
USDQ1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020

Revenue

2.3b3.3b3.3b3.0b5.5b5.7b3.9b5.6b5.9b4.5b4.9b

Cost of goods sold

2.1b2.9b2.8b2.7b5.0b5.0b3.5b4.9b5.1b4.3b

Gross profit

248.9m400.0m448.0m282.7m490.1m679.1m402.1m675.7m741.0m636.2m

Gross profit Margin, %

11%12%14%9%9%12%10%12%13%13%
Annual
USDFY, 2016FY, 2017FY, 2018FY, 2019

Cash

1.1b2.3b1.3b1.2b

Accounts Receivable

107.0m137.7m236.8m329.1m

Inventories

9.2b10.9b17.1b17.8b

Goodwill

136.6m3.4b3.4b
Quarterly
Annual
USDFY, 2016FY, 2017FY, 2018FY, 2019

Net Income

911.8m771.8m1.7b1.8b

Depreciation and Amortization

50.2m66.3m91.2m92.2m

Inventories

(503.5m)(661.5m)(135.9m)(623.6m)

Accounts Payable

21.4m356.7m412.8m(14.6m)
USDFY, 2016

Revenue/Employee

1.3m

Debt/Equity

0.6 x

Debt/Assets

0.3 x

Financial Leverage

2.1 x
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Lennar Acquisitions / Subsidiaries

Company NameDateDeal Size
CalAtlantic GroupFebruary 12, 2018$9.30 b
WCI CommunitiesSeptember 22, 2016$643 m
360 Developers, LLC
Alliance Financial Services, Inc.
Ann Arundel Farms, Ltd.
Aquaterra Utilities, Inc.
Arbor Mill Veteran Project 2018, LLC
Asbury Woods L.L.C.
Astoria Options, LLC
Autumn Creek Development, Ltd.
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Lennar Cybersecurity Score

Cybersecurity ratingPremium dataset

C

77/100

SecurityScorecard logo

Lennar Revenue Breakdown

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Lennar revenue breakdown by business segment: 11.6% from Homebuilding Texas, 12.3% from Homebuilding Central, 37.0% from Homebuilding West, 31.9% from Homebuilding East and 7.3% from Other

Lennar Online and Social Media Presence

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Lennar News and Updates

Lennar Announces Model Grand Opening, Self-Guided Tours At Three New Canopy Grove Single-Family Villages In Escondido, California

ESCONDIDO, Calif., Sept. 22, 2020 /PRNewswire/ -- Lennar, one of the nation's leading homebuilders, announced today the grand opening of Canopy Grove, a vibrant new community in Escondido, California. Home shoppers are invited to experience the Canopy Grove lifestyle and tour the new...

Stocks making the biggest moves midday: FedEx, DraftKings, Lennar, Tapestry & more

Take a look at the stocks making headlines in midday trading.

Lennar Acquires 130 Acres Of Land In Henderson, NV

HENDERSON, Nev., Aug. 18, 2020 /PRNewswire/ -- Lennar, one of the nation's leading homebuilders, announced today, the acquisition of 130 acres of land in Henderson, NV. Formerly the site of the Black Mountain Golf and Country Club, the parcel provides stunning scenery in a prime location...

D.R. Horton, Lennar, and KB Homes: Stocks To Play The Housing Recovery

The U.S. housing market has shown signs of recovery despite the coronavirus pandemic, with demand appearing to outstrip supply with inventory remaining tight. Pending home sales -a measure of signed contracts on existing homes - jumped 44% month over month in May and were down just 5% year-over-year

Stocks making the biggest moves after hours: Lennar, Nikola, DocuSign and more

Check out the companies making headlines after the bell.
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Lennar Blogs

Tour Two New Models Now Open at Lennar’s Cadence: Destiny in Mesa, AZ

Explore more possibilities for your dream home at Lennar’s Cadence: Destiny with two brand-new stunning model homes now open by appointment only. These new homes in Mesa, AZ showcase the latest in contemporary design as well as Lennar’s Next Gen® – The Home Within A Home®, a thoughtful and unique fl…

Get Fresh with Farmers Markets’ Bounty of Healthful Eats throughout DFW

These are the salad days for fresh, healthy eatin’ in North Texas. Not only that, it would take less time to drive from any of Lennar’s 80-plus Metroplex communities to a nearby farmers market than it would to create a meal from so many available summer-harvest delights. While Texas is legendary for…

Lennar Notes Uptick in Next Gen® Suites Used as Home Offices

With many people adjusting to working and learning from home, Lennar has reimagined the home office. Lennar’s Next Gen® – The Home Within a Home® floorplans offer plenty of flexibility and provides a private, Wi-Fi CERTIFIED™  space where families can work, learn and create.  Learn more about Next G…

Lennar at Laurel Woods Now Open in Cornelius, OR

Set within the charming town of Cornelius, OR is Lennar at Laurel Woods, a thoughtful collection of just 50 new Everything’s Included® single-family homes nestled within an amenity-rich masterplan community. With a wide selection of new home designs starting from the mid $400,000s, including single,…

How to Decorate Your Home for Fall

Apples, cinnamon, chunky knits, pumpkin spice and everything nice – fall is upon us, is your home ready? If you love fall as much as the typical American (and why wouldn’t you?), then it’s time to change along with the seasons. Let the dead leafs drop (aka pastel florals, linens, and summery scents)…

Lennar Opens Prequalifications on Saturday, September 12 for Cleo at Millenia in Chula Vista

Lennar is thrilled to announce Cleo at Millenia, a new community of contemporary townhomes coming soon to Chula Vista, will open up online prequalifications for prospective homebuyers on Sunday, September 12 at 10 a.m. Cleo will bring a new collection of attached homes with anticipated pricing start…
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Lennar Frequently Asked Questions

  • When was Lennar founded?

    Lennar was founded in 1954.

  • Who are Lennar key executives?

    Lennar's key executives are Stuart Miller, Rick Beckwitt and Diane Bessette.

  • How many employees does Lennar have?

    Lennar has 10,106 employees.

  • What is Lennar revenue?

    Latest Lennar annual revenue is $22.3 b.

  • What is Lennar revenue per employee?

    Latest Lennar revenue per employee is $2.2 m.

  • Who are Lennar competitors?

    Competitors of Lennar include NVR, S. J. AMOROSO PROPERTIES and Sutton Group Quantum Realty.

  • Where is Lennar headquarters?

    Lennar headquarters is located at 700 NW 107th Ave, Miami.

  • Where are Lennar offices?

    Lennar has offices in Miami, Irvine and Louisville.

  • How many offices does Lennar have?

    Lennar has 3 offices.