Company: LEN
Filing Date: 2025-10-03
Form Type: 10-Q
Source: 0001628280-25-044086
Chunk: 14

Company: LENNAR CORP /NEW/
Filing Date: 2025-10-03
Form: 10-Q
Item: Item 1
Chunk 14
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The assets related to the Company’s Homebuilding segments were as follows:(In thousands)At August 31, 2025At November 30, 2024East$5,724,354 6,967,571 Central4,848,376 5,567,451 South Central4,207,858 4,238,587 West 10,442,228 12,148,434 Other2,813,064 1,729,407 Corporate and Unallocated 1,627,852 4,943,019 Total Homebuilding$29,663,732 35,594,469 Financial information relating to the Company’s Homebuilding segments was as follows:Three Months EndedNine Months EndedAugust 31,August 31,(In thousands)2025202420252024RevenuesEast$1,703,457 2,074,799 5,064,438 6,091,146 Central2,075,062 2,206,293 5,406,615 5,418,886 South Central1,508,269 1,286,625 4,198,495 3,554,836 West 2,960,730 3,471,591 8,688,960 9,267,120 Other6,157 6,384 22,899 25,754 $8,253,675 9,045,692 23,381,407 24,357,742 Operating earnings (loss)East$181,648 401,908 579,274 1,205,866 Central189,458 343,490 488,749 741,549 South Central130,129 197,767 388,901 550,924 West270,323 514,448 814,528 1,302,172 Other(11,773)20,305 25,840 46,358 $759,785 1,477,918 2,297,292 3,846,869 Financial ServicesOperations of the Financial Services segment include mortgage financing, title and closing services primarily for buyers of the Company’s homes. They also include originating and selling into securitizations commercial mortgage loans through its LMF Commercial business. Financial Services’ operating earnings consist of revenues generated primarily from mortgage financing, title and closing services, and sales of property and casualty insurance,