Business Segments · Investments in Unconsolidated VIEs
Homebuilding — Investments in Unconsolidated VIEs
Lennar Homebuilding — Investments in Unconsolidated VIEs decreased by 3.6% to $794.83M in Q4 2025 compared to the prior quarter. Year-over-year, this metric declined by 61.1%, from $2.05B to $794.83M. Over 3 years (FY 2022 to FY 2025), Homebuilding — Investments in Unconsolidated VIEs shows an upward trend with a 64.7% CAGR.
Analysis
StatementSegment
CategoryLeverage
SignalContext dependent
VolatilityModerate
First reportedQ4 2020
Last reportedQ1 2026
Rolls up toAssets Net
How to read this metric
An increase indicates a strategy of risk-sharing and capital efficiency, while a decrease suggests a shift toward full ownership of projects.
Detailed definition
This metric tracks the company's financial interest in Variable Interest Entities (VIEs) that are not consolidated into...
Peer comparison
Standard disclosure for companies using joint ventures to manage land development risk.
Metric ID:
len_segment_homebuilding_investments_in_unconsolidated_viesHistorical Data
20 periods
| Q1 '21 | Q2 '21 | Q3 '21 | Q4 '21 | Q1 '22 | Q2 '22 | Q3 '22 | Q4 '22 | Q1 '23 | Q2 '23 | Q3 '23 | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | $94.26M | $101.37M | $107.32M | $195.23M | $209.19M | $552.94M | $586.94M | $637.25M | $663.16M | $663.53M | $659.22M | $706.37M | $758.56M | $782.77M | $802.90M | $2.05B | $2.06B | $1.97B | $824.24M | $794.83M |
| QoQ Change | — | +7.5% | +5.9% | +81.9% | +7.1% | +164.3% | +6.1% | +8.6% | +4.1% | +0.1% | -0.6% | +7.2% | +7.4% | +3.2% | +2.6% | +154.8% | +0.6% | -4.2% | -58.2% | -3.6% |
| YoY Change | — | — | — | — | +121.9% | +445.5% | +446.9% | +226.4% | +217.0% | +20.0% | +12.3% | +10.8% | +14.4% | +18.0% | +21.8% | +189.6% | +171.4% | +151.9% | +2.7% | -61.1% |
Range$94.26M – $2.06B
CAGR+56.7%
Avg YoY Growth+125.6%
Median YoY Growth+71.9%
Current Streak3 quarters decline
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Frequently Asked Questions
- What is Lennar's homebuilding — investments in unconsolidated vies?
- Lennar (LEN) reported homebuilding — investments in unconsolidated vies of $794.83M in Q4 2025.
- How has Lennar's homebuilding — investments in unconsolidated vies changed year-over-year?
- Lennar's homebuilding — investments in unconsolidated vies decreased by 61.1% year-over-year, from $2.05B to $794.83M.
- What is the long-term trend for Lennar's homebuilding — investments in unconsolidated vies?
- Over 3 years (2022 to 2025), Lennar's homebuilding — investments in unconsolidated vies has grown at a 64.7% compound annual growth rate (CAGR), from $1.54B to $6.90B.
- What does homebuilding — investments in unconsolidated vies mean?
- The company's financial stake in joint ventures or other entities that are not fully owned or controlled.