What is Lennar's multifamily — investments in partnerships?

Lennar (LEN) reported multifamily — investments in partnerships of $0 in Q3 2025.

What does multifamily — investments in partnerships mean?

Represents the carrying value of the segment's interests in joint ventures or unconsolidated entities focused on multifamily development. This metric highlights the company's reliance on partnership structures to share risk and capital requirements. It is a key indicator of the segment's collaborative development strategy.

Lennar LEN Multifamily — Investments in partnerships

Similar metrics at other companies

FRPHMultifamily — Number of consolidated joint ventures

2—

FRPHMultifamily — Consolidated joint ventures

2—

TRCMultifamily — Identifiable assets

$63.62M—

FRPHMultifamily — Capital expenditures:

$122K-59.6%

TRCMultifamily — Operating results from commercial/industrial and unconsolidated joint ventures

-$328K-70.8%

TCIMultifamily Segment — Revenue

$8.43M-3.8%

Other financials

Income statement

See full

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 / equity0×0.0×

Where this comes from

Reported directly by Lennar in its filing.

Tagged under the XBRL concept len:EquityMethodInvestmentSummarizedFinancialInformationInvestments.

The official record: Lennar’s 10-K, filed January 28, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Lennar's multifamily — investments in partnerships?: Lennar (LEN) reported multifamily — investments in partnerships of $0 in Q3 2025.
What does multifamily — investments in partnerships mean?: Represents the carrying value of the segment's interests in joint ventures or unconsolidated entities focused on multifamily development. This metric highlights the company's reliance on partnership structures to share risk and capital requirements. It is a key indicator of the segment's collaborative development strategy.