Company: LEN
Filing Date: 2025-02-28
Form Type: DEF 14A
Source: 0001193125-25-040938
Chunk: 41

Company: LENNAR CORP /NEW/
Filing Date: 2025-02-28
Form: DEF 14A
Chunk 41
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32 | LENNAR CORPORATION2025 PROXY STATEMENT

Compensation Discussion and Analysis Executive Summary KEY OPERATING METRICS KEY RETURN METRICS

| * | Assumes dividends are reinvested in the shares; 11/30 fiscal year-end comparison |

| Stock Price and Other Data                       |     | As of or for the Fiscal Year Ended November 30, |   2024 |     |   |   2023 |     |   |   2022 |     |   |   2021 |     |   |   2020 |     | % Change | 2024 vs 2023 |     | 2024 vs 2020 |
|:-------------------------------------------------|:----|:------------------------------------------------|-------:|:----|:--|-------:|:----|:--|-------:|:----|:--|-------:|:----|:--|-------:|:----|:---------|:-------------|:----|:-------------|
| Common stock price (LEN A)                       |     | $                                               | 174.39 |     | $ | 127.92 |     | $ |  87.83 |     | $ | 105.05 |     | $ |  75.86 |     |          | 36%          |     | 130%         |
| Common stock price (LEN B)                       |     | $                                               | 164.83 |     | $ | 114.74 |     | $ |  72.61 |     | $ |  85.78 |     | $ |  60.70 |     |          | 44%          |     | 172%         |
| Total equity market capitalization (in millions) |     | $                                               | 47,069 |     | $ | 35,947 |     | $ | 25,019 |     | $ | 31,785 |     | $ | 23,154 |     |          | 31%          |     | 103%         |
| Book value per share                             |     | $                                               | 103.90 |     | $ |  94.61 |     | $ |  83.16 |     | $ |  69.52 |     | $ |  57.55 |     |          | 10%          |     | 81%          |
| Diluted earnings per share                       |     | $                                               |