What is Lennar's homebuilding — real estate owned?

Lennar (LEN) reported homebuilding — real estate owned of $0 in Q3 2025.

What does homebuilding — real estate owned mean?

The carrying value of real estate assets held by the homebuilding segment that are not currently under active construction or intended for immediate sale as part of the primary homebuilding cycle. This often includes foreclosed properties or land held for long-term strategic purposes.

Lennar LEN Homebuilding — Real estate owned

Similar metrics at other companies

MTHHomebuilding Segment — Real estate

$2.55B+10.0%

HOVHome Building — Inventory Real Estate

$1.72B-1.2%

KBHHomebuilding — Total Assets

$6.65B-3.9%

HOVHome Building — Inventory Real Estate Land Held For Future Development And Sale

$157.54M-40.2%

HOVHome Building — Liabilities From Inventory Real Estate Not Owned

$180.2M+65.9%

KBHHomebuilding — Other Assets, Miscellaneous

$23.72M+29.9%

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 / equity0×0.0×

Where this comes from

Reported directly by Lennar in its filing.

Tagged under the XBRL concept len:EquityMethodInvestmentSummarizedFinancialInformationRealEstateOwned.

The official record: Lennar’s 10-K, filed January 28, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Lennar's homebuilding — real estate owned?: Lennar (LEN) reported homebuilding — real estate owned of $0 in Q3 2025.
What does homebuilding — real estate owned mean?: The carrying value of real estate assets held by the homebuilding segment that are not currently under active construction or intended for immediate sale as part of the primary homebuilding cycle. This often includes foreclosed properties or land held for long-term strategic purposes.