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Lennar LEN Rialto Investments — Foreclosed Real Estate Expenseand Other

Discontinued — last reported Q4 '16

Similar metrics at other companies

Claros Mortgage Trust logo
CMTGAll Other Segments — Expenses From Real Estate Owned
$8.05M
Claros Mortgage Trust logo
CMTGCorporate And Other — Expenses From Real Estate Owned
$9.89M
Ladder Capital logo
LADRReal Estate — Investment related expenses
-$4K-104%
Seven Hills Realty Trust logo
SEVNExpenses from real estate owned
$580K-2.4%
Ladder Capital logo
LADRLoans — Real estate operating expenses
$0
SouthState logo
SSBOther Real Estate Owned Expense And Loan Related
$4.38M+145%

Other financials

Income statement

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Revenue$6.6B-13.3%
Net income$229.4M-55.8%
EPS (diluted)$2.57+24.8%

Balance sheet

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Cash & equivalents$2.4B-7.5%
Total debt$249.9M-2.4%
Total equity$21.9B-3.7%
Total assets$33.2B-5.1%

Cash flow

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Operating cash flow-$433.5M-50.0%
CapEx$30.0M-46.5%
Free cash flow-$463.5M-34.3%

Valuation

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Market cap$22.1B-10.7%
Enterprise value$19.96B-10.9%
P/E12.4×+5.7×
P/S0.7×0.0×

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:ForeclosedRealEstateExpenseandOther.

The official record: Lennar’s 10-K, filed January 20, 2017, on SEC EDGAR. View the filing →

Questions, answered.

What does rialto investments — foreclosed real estate expenseand other mean?
The total costs incurred from managing and selling foreclosed real estate properties.
How do you interpret rialto investments — foreclosed real estate expenseand other?
An increase suggests higher levels of distressed asset management or rising costs to liquidate foreclosed properties, which may indicate portfolio quality issues.
How does rialto investments — foreclosed real estate expenseand other compare across companies?
Comparable to REO (Real Estate Owned) maintenance and disposition expenses reported by asset managers or banks with distressed debt portfolios.