Lennar Management Fee — Revenue decreased by 88.6% to $2.84M in Q4 2025 compared to the prior quarter. Year-over-year, this metric declined by 59.0%, from $6.94M to $2.84M. Over 4 years (FY 2021 to FY 2025), Management Fee — Revenue shows a downward trend with a -12.2% CAGR. This decline may warrant attention — for this metric, higher values are generally preferred.
An increase suggests successful expansion of the company's asset-light business model and deeper penetration into real estate investment management, while a decrease may indicate reduced assets under management or lower fee structures.
This metric represents the recurring revenue generated from fees charged for managing real estate assets, investment veh...
Comparable to asset management fees or service-based income streams reported by diversified real estate developers and alternative asset managers.
len_segment_management_fee_revenues| 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 | $14.19M | $13.82M | $30.16M | $13.13M | $16.33M | $17.51M | $37.65M | $18.12M | $17.49M | $16.88M | $31.71M | $16.04M | $13.67M | $10.92M | $21.76M | $6.94M | $6.44M | $5.13M | $24.94M | $2.84M |
| QoQ Change | — | -2.6% | +118.2% | -56.5% | +24.4% | +7.3% | +115.0% | -51.9% | -3.5% | -3.5% | +87.8% | -49.4% | -14.8% | -20.1% | +99.3% | -68.1% | -7.3% | -20.4% | +386.6% | -88.6% |
| YoY Change | — | — | — | — | +15.1% | +26.7% | +24.8% | +38.0% | +7.1% | -3.6% | -15.8% | -11.5% | -21.9% | -35.3% | -31.4% | -56.7% | -52.9% | -53.0% | +14.6% | -59.0% |