Business Segments · Underlying equity in unconsolidated partners' net assets
Homebuilding — Underlying equity in unconsolidated partners' net assets
Lennar Homebuilding — Underlying equity in unconsolidated partners' net assets decreased by 0.7% to $1.78B in Q4 2025 compared to the prior quarter. Year-over-year, this metric declined by 38.9%, from $2.91B to $1.78B. Over 4 years (FY 2021 to FY 2025), Homebuilding — Underlying equity in unconsolidated partners' net assets shows an upward trend with a 18.7% CAGR.
Analysis
StatementSegment
CategoryCapital Allocation
SignalContext dependent
VolatilityStable
First reportedQ4 2015
Last reportedQ1 2026
How to read this metric
An increase suggests expansion into collaborative development projects, while a decrease may indicate divestment or consolidation of these assets.
Detailed definition
This represents the company's proportional share of net assets held in joint ventures or unconsolidated entities related...
Peer comparison
Common in large homebuilders that utilize joint ventures to manage land acquisition risk.
Metric ID:
len_segment_homebuilding_underlying_equity_in_unconsolidated_partners_net_assetsHistorical 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 | $1.32B | $1.29B | $1.30B | $1.41B | $1.42B | $1.53B | $1.50B | $1.52B | $1.50B | $1.51B | $1.44B | $1.47B | $1.57B | $1.60B | $1.64B | $2.91B | $2.95B | $2.90B | $1.79B | $1.78B |
| QoQ Change | — | -2.2% | +0.8% | +8.0% | +1.3% | +7.2% | -1.5% | +1.3% | -1.5% | +0.8% | -5.1% | +2.6% | +6.8% | +1.9% | +2.0% | +77.9% | +1.4% | -1.9% | -38.2% | -0.7% |
| YoY Change | — | — | — | — | +7.9% | +18.3% | +15.6% | +8.4% | +5.4% | -0.9% | -4.5% | -3.3% | +4.8% | +6.0% | +13.9% | +97.5% | +87.6% | +80.5% | +9.4% | -38.9% |
Range$1.29B – $2.95B
CAGR+6.5%
Avg YoY Growth+19.2%
Median YoY Growth+8.2%
Current Streak3 quarters decline
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Frequently Asked Questions
- What is Lennar's homebuilding — underlying equity in unconsolidated partners' net assets?
- Lennar (LEN) reported homebuilding — underlying equity in unconsolidated partners' net assets of $1.78B in Q4 2025.
- How has Lennar's homebuilding — underlying equity in unconsolidated partners' net assets changed year-over-year?
- Lennar's homebuilding — underlying equity in unconsolidated partners' net assets decreased by 38.9% year-over-year, from $2.91B to $1.78B.
- What is the long-term trend for Lennar's homebuilding — underlying equity in unconsolidated partners' net assets?
- Over 4 years (2021 to 2025), Lennar's homebuilding — underlying equity in unconsolidated partners' net assets has grown at a 18.7% compound annual growth rate (CAGR), from $5.31B to $10.55B.
- What does homebuilding — underlying equity in unconsolidated partners' net assets mean?
- The company's stake in the net assets of joint ventures and partnerships.