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Lennar LEN Multifamily — Liabilities related to consolidated inventory not owned

Other segment segments

Lennar Financial Services
$0
Lennar Other
$0

Similar metrics at other companies

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DFHProceeds from borrowings related to consolidated inventory not owned
$15.66M
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LGIHInventory related obligations
$11.37M+39.6%

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 len:LiabilitiesforLandUnderPurchaseOptionsRecorded.

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 — liabilities related to consolidated inventory not owned?
Lennar (LEN) reported multifamily — liabilities related to consolidated inventory not owned of $0 in Q1 2026.
What does multifamily — liabilities related to consolidated inventory not owned mean?
This represents obligations arising from arrangements where the segment controls or develops inventory that it does not legally own, often related to land banking or option contracts. It highlights the segment's off-balance-sheet financing or risk-sharing structures. It is essential for understanding true economic exposure to land assets.