Company: LEN
Filing Date: 2025-10-03
Form Type: 10-Q
Source: 0001628280-25-044086
Chunk: 23

Company: LENNAR CORP /NEW/
Filing Date: 2025-10-03
Form: 10-Q
Item: Item 1
Chunk 23
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 investment funds. The Company's investment in the Rialto funds totaled $134.3 million and $140.1 million as of August 31, 2025 and November 30, 2024, respectively. In addition, the Company is entitled to a portion of the carried interest distributions by those funds. The Company also had strategic technology investments in unconsolidated entities and investment funds accounted for under the equity method of accounting with a carrying value of $238.0 million and $239.3 million, as of August 31, 2025 and November 30, 2024, respectively.

(5)Stockholders' Equity

The following tables reflect the changes in equity attributable to both Lennar Corporation and the noncontrolling interests of its consolidated subsidiaries in which it has less than a 100% ownership interest for the three and nine months ended August 31, 2025 and 2024:Three Months Ended August 31, 2025(In thousands)TotalEquityClass ACommon StockClass BCommon StockAdditionalPaid - in CapitalTreasuryStockAccumulated Other Comprehensive IncomeRetainedEarningsNoncontrollingInterestsBalance at May 31, 2025$22,731,882 26,136 3,660 5,842,732 (4,945,458)6,019 21,645,991 152,802 Net earnings (including net earnings attributable to noncontrolling interests)599,811 — — — — — 590,967 8,844 Employee stock and directors plans15,563 17 — 16,291 (745)— — — Purchases of treasury stock(511,673)— — — (511,673)— — — Amortization of restricted stock25,505 — — 25,505 — — — — Cash dividends(129,122)— — — — — (129,122)— Receipts related to noncontrolling interests4,953 — — — — — — 4,953 Payments related to noncontrolling interests(1,812)— — — — — — (1,812)Non-cash purchase or activity of noncontrolling interests, net16,448 — — — — — — 16,448 Balance at August