Lennar Lennar Financial Services — Investments in Unconsolidated VIEs decreased by 1.5% to $133.43M in Q4 2025 compared to the prior quarter. Year-over-year, this metric declined by 0.7%, from $134.37M to $133.43M. Over 3 years (FY 2022 to FY 2025), Lennar Financial Services — Investments in Unconsolidated VIEs shows a downward trend with a -3.6% CAGR.
An increase indicates expanding partnership activity or off-balance-sheet financing, while a decrease suggests a reduction in joint venture exposure.
This reflects the company's equity or debt investments in Variable Interest Entities (VIEs) that are not consolidated in...
Common in real estate development where joint ventures are used to share capital requirements and project risk.
len_segment_lennar_financial_services_investments_in_unconsolidated_vies| 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 | $162.92M | $161.53M | $157.81M | $156.59M | $155.82M | $151.02M | $143.25M | $141.85M | $141.36M | $140.97M | $140.68M | $139.71M | $138.43M | $138.05M | $135.65M | $134.37M | $137.09M | $136.22M | $135.40M | $133.43M |
| QoQ Change | — | -0.9% | -2.3% | -0.8% | -0.5% | -3.1% | -5.1% | -1.0% | -0.3% | -0.3% | -0.2% | -0.7% | -0.9% | -0.3% | -1.7% | -0.9% | +2.0% | -0.6% | -0.6% | -1.5% |
| YoY Change | — | — | — | — | -4.4% | -6.5% | -9.2% | -9.4% | -9.3% | -6.7% | -1.8% | -1.5% | -2.1% | -2.1% | -3.6% | -3.8% | -1.0% | -1.3% | -0.2% | -0.7% |