Company: LEN
Filing Date: 2025-07-01
Form Type: 10-Q
Source: 0001628280-25-033777
Chunk: 100

Company: LENNAR CORP /NEW/
Filing Date: 2025-07-01
Form: 10-Q
Item: Item 8
Chunk 100
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 WashingtonOther: Urban divisions and other homebuilding related investments primarily in California, including FivePoint Holdings, LLC (“FivePoint”), and Millrose investment.

11

Lennar Corporation and SubsidiariesNotes to Condensed Consolidated Financial Statements (Unaudited) (Continued)

The assets related to the Company’s Homebuilding segments were as follows:(In thousands)May 31, 2025November 30, 2024East$5,720,593 6,967,571 Central4,660,446 5,567,451 South Central4,296,364 4,238,587 West 10,424,040 12,148,434 Other2,859,356 1,729,407 Corporate and Unallocated 1,430,718 4,943,019 Total Homebuilding$29,391,517 35,594,469 Financial information relating to the Company’s Homebuilding segments was as follows:Three Months EndedSix Months EndedMay 31,May 31,(In thousands)2025202420252024RevenuesEast$1,707,226 2,138,410 3,360,981 4,016,347 Central1,771,545 1,771,279 3,331,553 3,212,593 South Central1,523,398 1,196,425 2,690,226 2,268,211 West 2,833,297 3,265,467 5,728,230 5,795,529 Other8,396 9,478 16,742 19,370 $7,843,862 8,381,059 15,127,732 15,312,050 Operating earningsEast$175,004 427,048 397,626 803,958 Central163,839 236,436 299,291 398,059 South Central136,689 184,576 258,772 353,157 West245,424 478,937 544,205 787,724 Other7,278 13,158 37,613 26,053 $728,234 1,340,155 1,537,507 2,368,951 Financial ServicesOperations of the Financial Services segment include mortgage financing, title and closing services primarily for buyers of the Company’s homes. They