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.

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TypePublic
Founded1954
HQMiami, US
Websitelennar.com
Employee Ratings3.1

Latest Updates

Employees (est.) (Nov 2018)9,111
Job Openings351
Revenue (FY, 2017)$12.6 B(+16%)
Share Price (Feb 2019)$48.6 (+6%)

Key People/Management at Lennar

Stuart Miller

Stuart Miller

Executive Chairman
Rick Beckwitt

Rick Beckwitt

CEO
Diane Bessette

Diane Bessette

Vice President, Chief Financial Officer & Treasurer
Michael Petrolino

Michael Petrolino

Vice President - Taxation
Jeff McCall

Jeff McCall

Senior Vice President
Rob Hutton

Rob Hutton

Regional President
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Lennar Office Locations

Lennar has an office in Miami
Miami, US (HQ)
700 NW 107th Ave
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Lennar Financials and Metrics

Lennar Revenue

Lennar's revenue was reported to be $12.65 b in FY, 2017
USD

Revenue (Q3, 2018)

5.7b

Market capitalization (12-Feb-2019)

15.8b

Closing stock price (12-Feb-2019)

48.6

Cash (30-Nov-2018)

1.6b
Lennar's current market capitalization is $15.8 b.
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Revenue

5.9b7.8b9.5b10.9b12.6b

Revenue growth, %

31%22%16%

Operating expense total

11.3b

Pre tax profit

681.9m969.8m1.2b1.3b
Quarterly
USDQ2, 2015Q3, 2015Q1, 2016Q2, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018

Revenue

2.4b2.5b2.0b2.7b2.3b3.3b3.3b3.0b5.5b5.7b

Operating expense total

2.1b2.2b1.8b2.4b2.1b2.9b2.9b2.9b5.1b5.1b

Pre tax profit

279.8m320.7m201.7m327.8m49.6m309.6m368.4m269.4m390.8m565.9m

Income tax expense

95.2m95.6m56.2m(103.8m)(20.0m)(108.9m)(124.8m)(132.6m)(76.0m)(98.3m)
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018

Cash

970.5m1.3b1.2b1.3b2.7b1.6b

Inventories

10.9b17.1b

Goodwill

136.6m3.4b

Total Assets

11.3b13.0b14.4b15.4b18.7b28.6b
Quarterly
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018

Net Income

479.7m638.9m802.8m911.8m

Depreciation and Amortization

66.3mwdxefcqufszuzezftuxetqsqxt91.2m

Inventories

155.0m111.3m48.7m35.4m

Cash From Operating Activities

(807.7m)(788.5m)(419.6m)507.8m996.9m1.7b
Quarterly
USDQ2, 2015Q3, 2015Q1, 2016Q2, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018

Net Income

301.5m526.5m145.5m369.5m

Depreciation and Amortization

18.9m30.5m10.1m22.8m11.7m29.4m46.9m19.6m41.4m66.7m

Inventories

14.9m111.3m35.4m35.4m35.4m

Cash From Operating Activities

(994.5m)(1.1b)(215.9m)(175.4m)79.3m(159.8m)327.7m(142.7m)34.4m748.7m
USDY, 2018

Financial Leverage

2 x
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Lennar Acquisitions / Subsidiaries

Acquired CompanyDateDeal Size
WCI CommunitiesSeptember 22, 2016$643 m
CalAtlantic Group$9.30 b
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Lennar Online and Social Media Presence

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Lennar News and Updates

Lennar Announces Grand Opening Of Camden, New Community In Avon, IN

AVON, Ind., Feb. 8, 2019 /PRNewswire/ -- Lennar (NYSE: LEN), one of the nation's leading homebuilders, announced today the grand opening of Camden, giving home shoppers a personal introduction to its brand new Venture home collection and the benefits of a life within the charming town of...

Lennar Announces Promotion of Fred Rothman to Chief Operating Officer

MIAMI, Jan. 16, 2019 /PRNewswire/ -- Lennar Corporation (NYSE: LEN and LEN.B), one of the nation's leading homebuilders, today announced that Fred Rothman has been promoted to the position of Chief Operating Officer. Today's announcement recognizes the significant contribution and...

Lennar Announces Stock Repurchase Program, Up to $1.0 Billion

MIAMI, Jan. 10, 2019 /PRNewswire/ -- Lennar Corporation (NYSE: LEN and LEN.B), one of the nation's leading homebuilders, announced that its Board of Directors authorized the Company to repurchase from time to time up to $1 billion in value, or 25,000,000 in shares, of the Company's...

Lennar Chairman: Interest rate drop pushes home buyers back into the market

After a tough fourth quarter, Lennar's chairman Stuart Miller said December's interest rate drop spurred a surge in customer traffic through their model homes. That could bode well for the broader market in new homes.

Lennar sees housing demand rebounding, shares up nearly 10 percent

Lennar Corp said on Wednesday it was seeing an improvement in home sales in its new fiscal year as mortgage rates start to ease and posted earnings ahead of expectations, allaying concerns of a slowdown in the broader U.S. housing market.

Lennar says home sales improving as mortgage rates ease

Lennar Corp said on Wednesday it was seeing an improvement in home sales in its new fiscal year as mortgage rates start to ease, allaying concerns of a slowdown in the broader U.S. housing market.
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Lennar Blogs

Morningside Dawns with New Models Now Open in Idyllic Community Near Indy

Indiana’s capital proclaims, “Make It Happen.” Lennar does just that with new models now open in a premier new community in Bargersville, a small town with big things happening. Far enough from bustling Indianapolis yet close to anything you could want, the master community of Morningside unveils th…

Lennar’s Entrada Del Rio in Rancho Sahuarita Is Now Selling!

Sahuarita, Ariz. – February 2019 – The wait is over! Lennar’s Entrada Del Rio is now selling, so take advantage of this incredible opportunity to own a brand-new, Everything’s Included® within the desirable Rancho Sahuarita masterplan. With model homes coming soon for interested home shoppers to tou…

Lennar Looks to Infill to Meet Tampa’s Housing Boom

Lennar’s Mark Metheny, Tampa Division President, sat down with BUILDER to share Lennar’s plans on how they’ll meet Tampa’s growing demand for new housing. Learn about the innovative approach Lennar Tampa will be taking, in this Builder.com article by Jennifer Goodman. One of the country’s largest ho…

Sensational Siena: Experience The Grand Opening

The much-anticipated Siena, Lennar’s newest community of single-family homes in South Miami, is celebrating its Grand Opening—offering six spacious floorplans at amazing, limited-time pre-construction prices! With only 77 homesites and no HOA fees, Siena is an idyllic Mediterranean-style enclave on …

Fall in love with these top 4 Miami Lennar communities

With Valentine’s Day around the corner and love in the air, we can’t help but crush on some of our favorite communities in Miami—all of which include amazing Smart Home Technology with Alexa! After all, who can resist the luxurious new estate homes at Satori, Urbana’s stunning rooftop terraces, or C…

Multigenerational Homes More Popular in DFW, US

Lennar, the leading homebuilder in the nation, has responded to the market’s demand for multigenerational living with the innovative Next Gen® – The Home Within a Home®. Learn more about Lennar’s Next Gen® homes in the NBC Dallas clip below. Multiple homebuilders in North Texas are responding to a g…
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Lennar Company Life and Culture

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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 9,111 employees.

  • What is Lennar revenue?

    Latest Lennar annual revenue is $12.6 b.

  • What is Lennar revenue per employee?

    Latest Lennar revenue per employee is $1.4 m.

  • Who are Lennar competitors?

    Competitors of Lennar include NVR, PulteGroup and Maui Land & Pineapple Company.

  • Where is Lennar headquarters?

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

  • Where are Lennar offices?

    Lennar has an office in Miami.

  • How many offices does Lennar have?

    Lennar has 1 office.