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Lennar LEN Multifamily — Ancillary costs and expenses

Other segment segments

Lennar Financial Services
$135.84M-3.5%
Lennar Other
$43.73M+45.6%

Similar metrics at other companies

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TRCMultifamily — Multifamily expenses
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FRPHMultifamily — Operating Expenses
$1.73M+8.9%
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ELSProperty Operations — Ancillary operating expenses
$5.25M+8.0%
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AATMultifamily — Rental expenses
$5.95M+11.2%
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TRCMultifamily — Operating Expenses
$332K+419%
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DEIMultifamily rental — Operating Expenses
$16.56M0.0%

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 us-gaap:OtherCostAndExpenseOperating.

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 multifamily — ancillary costs and expenses?
Lennar (LEN) reported multifamily — ancillary costs and expenses of $72.79M in Q1 2026.
How has Lennar's multifamily — ancillary costs and expenses changed year-over-year?
Lennar's multifamily — ancillary costs and expenses decreased by 71.4% year-over-year, from $254.68M to $72.79M.
What does multifamily — ancillary costs and expenses mean?
This represents secondary operating costs incurred by the multifamily segment that are distinct from direct construction or cost of goods sold. These may include administrative overhead, marketing, or support services required to maintain operations. It is used to evaluate the operational efficiency of the segment.