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Lennar LEN Homebuilding — Deposits and pre-acquisition costs on real estate

Other segment segments

Lennar Financial Services
$0
Lennar Other
$0

Similar metrics at other companies

Meritage Homes logo
MTHHomebuilding Segment — Deposit Assets
$78.83M-36.6%
NVR logo
NVRHome Building Segment — Contract land deposits, net
$938.98M+24.0%
LGI Homes logo
LGIHInventory, Real Estate, Land and Land Development Costs
$2.59B+7.5%
RLJ Lodging Trust logo
RLJPayments For Deposits On Real Estate Acquisitions
$0
Service Properties Trust logo
SVCPayments For Deposits On Real Estate Acquisitions
$7.57M+948%
Meritage Homes logo
MTHHomebuilding Segment — Real estate
$2.55B+10.0%

Other financials

Income statement

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Revenue$7.9B-5.2%
Net income$304.8M-36.2%
EPS (diluted)$2.57+24.8%

Balance sheet

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Cash & equivalents$2.2B+47.0%
Total debt$233.8M-12.2%
Total equity$21.6B-4.2%
Total assets$33.7B-2.0%

Cash flow

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Operating cash flow-$284.4M+74.0%
CapEx$18.9M+23.9%
Free cash flow-$303.2M+72.7%

Valuation

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Market cap$21.8B-26.6%
Enterprise value$19.86B-31.2%
P/E13.5×+3.4×
P/S0.7×-0.2×

Profitability

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Net margin5.4%-5.0pp
FCF margin-0.3%-4.7pp

Returns & leverage

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Return on equity8%-7.1pp
Debt / equity0.0×

Where this comes from

Reported directly by Lennar in its filing.

Tagged under the XBRL concept len:DepositsAndPreAcquisitionCosts.

The official record: Lennar’s 10-Q, filed June 29, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Lennar's homebuilding — deposits and pre-acquisition costs on real estate?
Lennar (LEN) reported homebuilding — deposits and pre-acquisition costs on real estate of $7.06B in Q1 2026.
How has Lennar's homebuilding — deposits and pre-acquisition costs on real estate changed year-over-year?
Lennar's homebuilding — deposits and pre-acquisition costs on real estate increased by 34.1% year-over-year, from $5.27B to $7.06B.
What does homebuilding — deposits and pre-acquisition costs on real estate mean?
The capital outlays made by the homebuilding segment to secure land purchase options or conduct due diligence before finalizing a land acquisition. These costs represent the initial investment in the land pipeline.