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Lennar LEN Homebuilding — Land and land under development, fair value

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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:InventoryRealEstateLandandLandDevelopmentCostsFairValueMeasurementAdjustmentsAfterImpairment.

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 — land and land under development, fair value?
Lennar (LEN) reported homebuilding — land and land under development, fair value of $0 in Q1 2026.
What is the long-term trend for Lennar's homebuilding — land and land under development, fair value?
Over 4 years (2021 to 2025), Lennar's homebuilding — land and land under development, fair value has grown at a -100.0% compound annual growth rate (CAGR), from $29.19M to $0.
What does homebuilding — land and land under development, fair value mean?
This represents the current estimated market value of the company's land holdings, independent of their historical cost. It provides insight into the potential appreciation or impairment of the company's land bank. Investors use this to determine if the company's land assets are undervalued or overvalued relative to current market conditions.