Discontinued — last reported Q4 '24
Homebuilding East — Interest Expense
Lennar Homebuilding East — Interest Expense remained flat by 0.0% to $10.01M in Q3 2024 compared to the prior quarter. Year-over-year, this metric declined by 27.5%, from $13.80M to $10.01M. Over 3 years (FY 2021 to FY 2024), Homebuilding East — Interest Expense shows a downward trend with a -23.7% CAGR. This is a positive signal — lower values indicate better performance for this metric.
Analysis
How to read this metric
A decrease relative to revenue suggests improved capital efficiency or lower debt levels, while an increase may signal rising financing costs or higher debt loads.
Detailed definition
This represents the interest costs directly attributable to the financing of land acquisition, development, and construc...
Peer comparison
Standard interest expense allocation for homebuilders; peers report this as part of segment-level operating costs.
len_segment_homebuilding_east_interest_expenseHistorical Data
| FY'21 | FY'22 | FY'23 | FY'24 | |
|---|---|---|---|---|
| Value | $90.31M | $70.81M | $55.22M | $40.04M |
| YoY Change | — | -21.6% | -22.0% | -27.5% |
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Frequently Asked Questions
- What is Lennar's homebuilding east — interest expense?
- Lennar (LEN) reported homebuilding east — interest expense of $10.01M in Q3 2024.
- How has Lennar's homebuilding east — interest expense changed year-over-year?
- Lennar's homebuilding east — interest expense decreased by 27.5% year-over-year, from $13.80M to $10.01M.
- What is the long-term trend for Lennar's homebuilding east — interest expense?
- Over 3 years (2021 to 2024), Lennar's homebuilding east — interest expense has grown at a -23.7% compound annual growth rate (CAGR), from $90.31M to $40.04M.
- What does homebuilding east — interest expense mean?
- The cost of borrowing money specifically to fund homebuilding projects in the East region.