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Lennar LEN South Central — Net additions to operating properties and equipment

Other segment segments

Other
$69.25M+27.8%
West
$9.88M+160%
Central
$2.85M-22.0%
East
$297K-56.8%

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CZRRegional — Capital expenditures, net
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KNFCentral — CapEx
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APOEast South Central — Investments
$411M-4.4%
Smith Douglas Homes logo
SDHCCentral — Total Assets
$241.04M+5.5%

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

See full
Net margin5.4%-5.0pp
FCF margin-0.3%-4.7pp

Returns & leverage

See full
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:PaymentsForProceedsFromProductiveAssets.

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 south central — net additions to operating properties and equipment?
Lennar (LEN) reported south central — net additions to operating properties and equipment of $435.5K in Q3 2025.
How has Lennar's south central — net additions to operating properties and equipment changed year-over-year?
Lennar's south central — net additions to operating properties and equipment decreased by 15.0% year-over-year, from $512.25K to $435.5K.
What is the long-term trend for Lennar's south central — net additions to operating properties and equipment?
Over 2 years (2023 to 2025), Lennar's south central — net additions to operating properties and equipment has grown at a 60.2% compound annual growth rate (CAGR), from $679K to $1.74M.
What does south central — net additions to operating properties and equipment mean?
This metric represents the net capital expenditure invested in property, plant, and equipment specifically allocated to the South Central homebuilding segment. It reflects the cash outflows for acquiring or improving long-term assets necessary to support regional construction operations, net of any proceeds from asset disposals. This figure is a key indicator of the company's commitment to maintaining and expanding its physical infrastructure and operational capacity within this specific geographic market.