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Lennar LEN Multifamily — Cost and expenses

Other segment segments

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

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AATMultifamily — Rental expenses
$5.95M+11.2%
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TRCReal estate - commercial/industrial — Multifamily expenses
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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:CostOfRevenue.

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 — cost and expenses?
Lennar (LEN) reported multifamily — cost and expenses of $72.79M in Q1 2026.
How has Lennar's multifamily — cost and expenses changed year-over-year?
Lennar's multifamily — cost and expenses decreased by 71.4% year-over-year, from $254.68M to $72.79M.
What is the long-term trend for Lennar's multifamily — cost and expenses?
Over 4 years (2021 to 2025), Lennar's multifamily — cost and expenses has grown at a 3.5% compound annual growth rate (CAGR), from $652.81M to $750.01M.
What does multifamily — cost and expenses mean?
The total costs incurred by the multifamily segment to generate revenue, including construction materials, labor, overhead, and administrative expenses. This metric is critical for assessing the operational efficiency and margin profile of the segment.