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Lennar LEN Multifamily — Total equity commitments

Discontinued — last reported Q1 '26

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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$21.17B-31.5%
Enterprise value$19.23B-35.3%
P/E13.1×+3.6×
P/S0.7×-0.2×

Profitability

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Net margin4.9%-4.3pp
FCF margin2.2%+1.4pp

Returns & leverage

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Return on equity7.3%-5.9pp
Debt / equity0.0×

Where this comes from

Reported directly by Lennar in its filing.

Tagged under the XBRL concept len:EquityMethodInvestmentTotalEquityCommitments.

The source filing: Lennar’s 10-Q, filed April 9, 2026.

Filed
Apr 9, 2026, 8:55 AM EDT
Fiscal quarter
Q1 FY2026
Calendar quarter
Q1 2026
Accession
0001628280-26-024352
(In thousands)LMV ILMV II
Lennar's carrying value of investments$71,667194,320
Equity commitments2,204,0161,257,700
Equity commitments called2,154,3281,229,585
Lennar's equity commitments504,016381,000
Lennar's equity commitments called500,381371,492
Lennar's remaining commitments (1)3,6359,508
Distributions to Lennar during the three months ended February 28, 202637,08324,425

Item 1. Financial Statements

FAQ

What is Lennar's multifamily — total equity commitments?
Lennar (LEN) reported multifamily — total equity commitments of $2.2B in Q4 2025.
How has Lennar's multifamily — total equity commitments changed year-over-year?
Lennar's multifamily — total equity commitments decreased by 0.0% year-over-year, from $2.2B to $2.2B.
What is the long-term trend for Lennar's multifamily — total equity commitments?
Over 3 years (2022 to 2025), Lennar's multifamily — total equity commitments has grown at a 0.0% compound annual growth rate (CAGR), from $7.61B to $7.61B.
What does multifamily — total equity commitments mean?
The aggregate amount of capital committed by all partners to multifamily development funds or projects. This represents the total scale of the investment platform and the potential pipeline of future developments.

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