| Millrose Properties Reports First Quarter 2025 Financial Results |
MIAMI--(BUSINESS WIRE)--Millrose Properties, Inc. (NYSE: MRP, “Millrose” or the “Company”), the Homesite Option Purchase Platform for residential homebuilders, today announced its financial results for the first quarter ended March 31, 2025, marking its inaugural earnings report as an independent company following its spin-off from Lennar Corporation (“Lennar”) on February 7, 2025. "This quarter represents an exciting beginning for Millrose Properties as a standalone company," said Darren Richm. |
businesswire.com |
2025-05-14 12:15:00 |
Czytaj oryginał (ang.) |
| Lennar (LEN) Stock Falls Amid Market Uptick: What Investors Need to Know |
Lennar (LEN) closed at $112.37 in the latest trading session, marking a -0.16% move from the prior day. |
zacks.com |
2025-05-13 23:15:38 |
Czytaj oryginał (ang.) |
| Quarterra Multifamily and QuadReal Celebrate Strong Lease-up Start at The Piper Apartments |
REDMOND, Wash., May 9, 2025 /PRNewswire/ -- The Piper is proving to be one of Redmond's most in-demand rental communities, with strong leasing momentum continuing at the 284-home luxury property. Developed by Quarterra Multifamily, a subsidiary of Lennar Corporation, in partnership with global real estate investment, operating and development company, QuadReal Property Group, The Piper offers an exceptional living experience along the scenic Marymoor Park. |
prnewswire.com |
2025-05-12 18:25:00 |
Czytaj oryginał (ang.) |
| 1 Warren Buffett Stock to Buy Hand Over Fist and 1 to Avoid |
Berkshire Hathaway (BRK.A 0.18%) (BRK.B 0.09%) CEO and Chairman Warren Buffett needs no introduction. Buffett has been generating market-beating returns for Berkshire's shareholders for about six decades now. |
fool.com |
2025-05-11 07:55:00 |
Czytaj oryginał (ang.) |
| Lennar (LEN) Rises Higher Than Market: Key Facts |
In the latest trading session, Lennar (LEN) closed at $108.61, marking a +0.96% move from the previous day. |
zacks.com |
2025-04-30 23:20:38 |
Czytaj oryginał (ang.) |
| Why Lennar is betting on a startup building backup batteries for Texas homes |
Lennar, one of the nation's largest homebuilders, is using Base Power on its new homes in Texas. Base Power is a hardware company and a virtual power plant. |
cnbc.com |
2025-04-29 18:27:28 |
Czytaj oryginał (ang.) |
| Lennar (LEN) Ascends But Remains Behind Market: Some Facts to Note |
Lennar (LEN) concluded the recent trading session at $109.22, signifying a +1.53% move from its prior day's close. |
zacks.com |
2025-04-24 23:20:40 |
Czytaj oryginał (ang.) |
| Lennar Corporation Declares Quarterly Dividends |
MIAMI , April 9, 2025 /PRNewswire/ -- Lennar Corporation (NYSE: LEN and LEN.B), one of the nation's leading homebuilders, announced that its Board of Directors has declared a quarterly cash dividend of $0.50 per share for both Class A and Class B common stock payable on May 7, 2025 to holders of record at the close of business on April 23, 2025. About Lennar Lennar Corporation, founded in 1954, is one of the nation's leading builders of quality homes for all generations. |
prnewswire.com |
2025-04-09 20:30:00 |
Czytaj oryginał (ang.) |
| Dandelion Energy and Lennar Announce One of the Largest Residential Geothermal Deployments in US History |
The partnership establishes a framework for making geothermal heating and cooling the standard in new home construction. ARLINGTON, Va. |
prnewswire.com |
2025-04-02 12:00:00 |
Czytaj oryginał (ang.) |
| Lennar: Rating Downgrade As Various Indicators Point To Poor Earnings Outlook In 2025 |
Downgraded Lennar Corporation to a sell due to poor demand, deteriorating pricing power, and margin pressure, despite strong execution. The latest JPMorgan housing outlook confirms a negative US housing demand environment, with high mortgage rates and cautious consumers impacting affordability and transaction volumes. LEN's increased reliance on sales incentives and declining average selling prices indicate significant underlying demand deterioration and lack of pricing power. |
seekingalpha.com |
2025-03-26 00:26:45 |
Czytaj oryginał (ang.) |
| Housing data recap, Super Micro Computer upgraded by JPMorgan, Lennar issues weak Q2 outlook |
Market Domination hosts Josh Lipton and Julie Hyman go over key insights from the trading day on March 21, 2025. First, they discuss Heathrow Airport's reopening after a nearby fire caused a power outage that disrupted travel earlier in the day. |
youtube.com |
2025-03-21 20:48:53 |
Czytaj oryginał (ang.) |
| Lennar Corporation (LEN) Q1 2025 Earnings Call Transcript |
Lennar Corporation (NYSE:LEN ) Q1 2025 Earnings Conference Call March 21, 2025 11:00 AM ET Company Participants David Collins - VP & Controller Stuart Miller - Executive Chairman & Co-CEO Jon Jaffe - President & Co-CEO Diane Bessette - CFO Fred Rothman - COO Conference Call Participants Stephen Kim - Evercore ISI Alan Ratner - Zelman & Associates John Lovallo - UBS Mike Rehaut - JP Morgan Susan Maklari - Goldman Sachs Ken Zener - Seaport Research Partners Operator Welcome to Lennar's First Quarter Earnings Conference Call. At this time, all participants are in a listen-only mode. |
seekingalpha.com |
2025-03-21 16:38:33 |
Czytaj oryginał (ang.) |
| Lennar Outperforms On Orders And Earnings, But Analysts Caution On Weaker Margins And Q2 Outlook |
Home construction company Lennar Corp LEN released its first-quarter results after Thursday's closing bell. |
benzinga.com |
2025-03-21 15:54:06 |
Czytaj oryginał (ang.) |
| Cramer's Mad Dash: Lennar |
Jim Cramers discusses why he's keeping an eye on shares of homebuilder Lennar. |
youtube.com |
2025-03-21 12:01:41 |
Czytaj oryginał (ang.) |
| Lennar Q1 Earnings & Revenues Beat, Stock Falls on Lower Order Value |
LEN's first-quarter fiscal 2025 report reflects strong demand but ongoing affordability challenges in a shifting housing market. |
zacks.com |
2025-03-21 11:21:07 |
Czytaj oryginał (ang.) |
| Compared to Estimates, Lennar (LEN) Q1 Earnings: A Look at Key Metrics |
While the top- and bottom-line numbers for Lennar (LEN) give a sense of how the business performed in the quarter ended February 2025, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values. |
zacks.com |
2025-03-20 22:01:05 |
Czytaj oryginał (ang.) |
| Lennar (LEN) Tops Q1 Earnings and Revenue Estimates |
Lennar (LEN) came out with quarterly earnings of $2.14 per share, beating the Zacks Consensus Estimate of $1.74 per share. This compares to earnings of $2.57 per share a year ago. |
zacks.com |
2025-03-20 21:51:09 |
Czytaj oryginał (ang.) |
| Lennar shares jump on Q1 beat |
CNBC's Diana Olick joins 'Fast Money' with Lennar Q1 results. |
youtube.com |
2025-03-20 20:12:39 |
Czytaj oryginał (ang.) |
| Millrose Properties Is A Compelling Opportunity As Its Business Ramps |
Millrose Properties shares surged 10% following its first quarterly dividend announcement and anticipated earnings run-rate, making it an attractive investment. MRP, spun out from Lennar, holds attractive land assets, offering a 10.8% yield and targeting a 7% ROE, with potential for improvement. Despite current discounts due to Lennar's stake and market pressures, MRP's diverse portfolio and strategic deals with other builders promise stable cash flows. |
seekingalpha.com |
2025-03-20 01:25:00 |
Czytaj oryginał (ang.) |
| Lennar to Report Q1 Earnings: What Could Drive the Results? |
LEN's fiscal first quarter is shaping up to be a mixed quarter, with moderate revenue growth but lower earnings and margins. |
zacks.com |
2025-03-19 15:55:18 |
Czytaj oryginał (ang.) |
| Lennar Expands Its Reach With Rausch Coleman Acquisition |
LEN strengthens its market position with a key acquisition. |
zacks.com |
2025-02-11 14:46:14 |
Czytaj oryginał (ang.) |
| Lennar (LEN) Rises But Trails Market: What Investors Should Know |
In the closing of the recent trading day, Lennar (LEN) stood at $122.69, denoting a +0.62% change from the preceding trading day. |
zacks.com |
2025-02-10 21:21:11 |
Czytaj oryginał (ang.) |
| Millrose Properties Completes Acquisition of Rausch Coleman Homes Land Assets |
MIAMI--(BUSINESS WIRE)--Millrose Properties, Inc. (NYSE: MRP, “Millrose”), a “first-of-its-kind” Homesite Option Purchase Platform for residential homebuilders (HOPP'R), announced today that it has completed the previously announced acquisition of approximately 24,000 homesites from Rausch Coleman Homes (“Rausch Coleman”), and simultaneously executed option agreements with Lennar Corporation (“Lennar”) on all acquired homesites. Millrose acquired the Rausch Coleman homesites for approximately $. |
businesswire.com |
2025-02-10 19:45:00 |
Czytaj oryginał (ang.) |
| Lennar Completes Acquisition of Rausch Coleman Homes |
MIAMI , Feb. 10, 2025 /PRNewswire/ -- Lennar Corporation (NYSE: LEN and LEN.B, "Lennar") announced today the completion of the previously announced acquisition of Rausch Coleman Homes, a residential homebuilder based in Fayetteville, Arkansas ("Rausch Coleman"). Lennar acquired Rausch Coleman's homebuilding operations, which delivered approximately 5,300 homes with an average sales price of about $230,000 in calendar year 2024. |
prnewswire.com |
2025-02-10 19:11:00 |
Czytaj oryginał (ang.) |
| Lennar Corporation Completes Spin-Off Of Millrose Properties |
On February 07, 2024, Millrose Properties (NYSE: MRP; $26.74; Market Capitalization: $3.5 billion), and Lennar Corporation (NYSE: LEN, $121.94; Market Capitalization: $32.2 billion) started regular-way trading. MRP opened at $23.49, made an intraday high of $27.07, and a low of $22.26 before closing at $26.74. |
forbes.com |
2025-02-10 13:43:29 |
Czytaj oryginał (ang.) |
| Lennar Completes Spin-off of Millrose Properties |
MIAMI , Feb. 7, 2025 /PRNewswire/ -- Lennar Corporation (NYSE: LEN and LEN.B, "Lennar"), one of the nation's leading homebuilders, and Millrose Properties, Inc. (NYSE: MRP, "Millrose"), a "first-of-its-kind" homesite option purchase platform, jointly announced today that they have successfully completed the previously announced taxable spin-off (the "Spin-Off") of Millrose from Lennar through a distribution of approximately 80% of Millrose's stock to Lennar's stockholders (the "Distribution"). Prior to the open of trading on the New York Stock Exchange today, each holder of Lennar Class A or Class B common stock as of the close of business on January 21, 2025, the record date of the Spin-Off, received one share of Millrose Class A common stock, unless the holder elected to receive one share of Millrose Class B common stock, for each two shares of Lennar Class A or Class B common stock. |
prnewswire.com |
2025-02-07 10:49:00 |
Czytaj oryginał (ang.) |
| Lennar (LEN) Beats Stock Market Upswing: What Investors Need to Know |
The latest trading day saw Lennar (LEN) settling at $128.29, representing a +1.66% change from its previous close. |
zacks.com |
2025-02-04 21:20:36 |
Czytaj oryginał (ang.) |
| Previously Disclosed Millrose Spin-off Record Date and Election Period for Lennar Stockholders Begins Today |
MIAMI , Jan. 21, 2025 /PRNewswire/ -- Lennar Corporation (NYSE: LEN and LEN.B) ("Lennar") is issuing this press release to remind Lennar stockholders that the previously disclosed record date and election period for the taxable spin-off of approximately 80% of the stock of Millrose Properties, Inc. ("Millrose") begins today. On February 7, 2025, each holder of Lennar Class A or Class B common stock as of the close of business today (January 21, 2025) (the "record date") shall receive one share of Millrose Class A common stock for each two shares of Lennar Class A or Class B common stock held of record on the record date. |
prnewswire.com |
2025-01-21 11:00:00 |
Czytaj oryginał (ang.) |
| Lennar (LEN) Up 1.7% Since Last Earnings Report: Can It Continue? |
Lennar (LEN) reported earnings 30 days ago. What's next for the stock? |
zacks.com |
2025-01-17 14:31:13 |
Czytaj oryginał (ang.) |
| Rockhill Capital & Investments Sells 1,800-Acre New Fairview Property to Lennar |
FRISCO, Texas--(BUSINESS WIRE)--North Texas real estate developer Rockhill Capital & Investments today announced the sale of a 1,807-acre property in New Fairview, Texas, to Lennar. Lennar plans to bring over 4,000 homes with additional multifamily units to the site, now called Ranchland, near County Line Road and Farm to Market Road 407. Development is anticipated to begin in the summer of 2025, with new homes available in the summer of 2028, according to Lennar. “At Rockhill, we strive to. |
businesswire.com |
2025-01-15 14:03:00 |
Czytaj oryginał (ang.) |
| Lennar Corporation Declares Quarterly Dividends |
MIAMI , Jan. 14, 2025 /PRNewswire/ -- Lennar Corporation (NYSE: LEN and LEN.B), one of the nation's leading homebuilders, announced that its Board of Directors has declared a quarterly cash dividend of $0.50 per share for both Class A and Class B common stock payable on February 12, 2025 to holders of record at the close of business on January 29, 2025. About Lennar Lennar Corporation, founded in 1954, is one of the nation's leading builders of quality homes for all generations. |
prnewswire.com |
2025-01-14 18:30:00 |
Czytaj oryginał (ang.) |
| Lennar Stock Declines 26% in Three Months: Should You Buy the Dip? |
Can LEN stock rebound after a 26% slump? Here's what investors need to know. |
zacks.com |
2025-01-08 18:00:35 |
Czytaj oryginał (ang.) |
| Stock Of The Day: Is Home Builder Lennar About To Rally? |
Shares of homebuilder Lennar Corporation LEN are trading higher Tuesday. A new rally may be about to start. |
benzinga.com |
2024-12-31 15:06:16 |
Czytaj oryginał (ang.) |
| Homebuilder stocks are trying to tell us something about the 2025 housing market |
Want more housing market stories from Lance Lambert's ResiClub in your inbox? Subscribe to the ResiClub newsletter. |
fastcompany.com |
2024-12-25 06:29:50 |
Czytaj oryginał (ang.) |
| Lennar Corporation (LEN) Q4 2024 Earnings Call Transcript |
Lennar Corporation (NYSE:LEN ) Q4 2024 Results Conference Call December 19, 2024 11:00 AM ET Company Participants David Collins - Vice President & Controller Stuart Miller - Executive Chairman & Co-Chief Executive Officer Jon Jaffe - Co-Chief Executive Officer & President Diane Bessette - Chief Financial Officer Fred Rothman - Chief Operating Officer Marshall Ames - Chairman, Lennar Charitable Foundation Conference Call Participants Alan Ratner - Zelman & Associates Michael Rehaut - JP Morgan Stephen Kim - Evercore ISI Trevor Allinson - Wolfe Research Susan Maklari - Goldman Sachs John Lovallo - UBS Operator Welcome to Lennar's Fourth Quarter Earnings Conference Call. At this time, all participants are in a listen-only mode. |
seekingalpha.com |
2024-12-19 16:57:09 |
Czytaj oryginał (ang.) |
| Lennar's Q4 Earnings Results Are Not Looking Great For 2025 |
Lennar Corporation's Q4 and full-year 2024 results missed expectations, with revenues down 9% y/y and EPS down 15% y/y, leading to a 6% share price drop. Management's guidance for Q1 2025 was disappointing, with new orders and deliveries expected to be lower than consensus estimates, reflecting ongoing market challenges. The relationship between Fed rate cuts and mortgage rates is complex, with high 10-year treasury yields and mortgage rates dampening housing market demand. |
seekingalpha.com |
2024-12-19 16:55:43 |
Czytaj oryginał (ang.) |
| Lennar Stock Drops as Earnings, Revenue Miss Esitmates |
Shares of home construction stock Lennar Corp (NYSE:LEN) are 2.7% lower at $141.98 today, and earlier hit an annual bottom of $135.21. |
schaeffersresearch.com |
2024-12-19 13:36:50 |
Czytaj oryginał (ang.) |
| Lennar blames high rates for sales miss but says its home prices also need to fall |
Lennar said higher mortgage rates have hurt sales, but the home builder also acknowledged that it needs to cut prices more to reignite buying. |
marketwatch.com |
2024-12-19 13:07:00 |
Czytaj oryginał (ang.) |
| Home Builder Lennar Stock Falls as High Mortgage Rates Hurt Results |
Shares of Lennar (LEN) fell Thursday, a day after the home builder posted weaker-than-expected results and guidance as high mortgage rates limited sales. |
investopedia.com |
2024-12-19 12:31:32 |
Czytaj oryginał (ang.) |
| Lamb Weston Posts Weak Q2 Results, Joins Micron, Lennar And Other Big Stocks Moving Lower In Thursday's Pre-Market Session |
U.S. stock futures were higher this morning, with the Dow futures gaining over 100 points on Thursday. |
benzinga.com |
2024-12-19 10:29:22 |
Czytaj oryginał (ang.) |
| Lennar: Weak Q4 Results Significantly Dampen The 2025 Outlook (Rating Downgrade) |
Lennar's shares have dropped 25% in three months, with weak earnings and rising mortgage rates further pressuring the stock, now down 10% from its March peak. Q4 deliveries fell 7%, and new orders missed guidance by a significant margin, indicating a dramatic market slowdown due to higher rates. Lennar's strong balance sheet and planned spin-off of land assets into Millrose Properties offer some financial stability, but market uncertainties persist. |
seekingalpha.com |
2024-12-19 03:30:00 |
Czytaj oryginał (ang.) |
| Lennar (LEN) Reports Q4 Earnings: What Key Metrics Have to Say |
Although the revenue and EPS for Lennar (LEN) give a sense of how its business performed in the quarter ended November 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers. |
zacks.com |
2024-12-18 21:31:23 |
Czytaj oryginał (ang.) |
| Lennar (LEN) Misses Q4 Earnings and Revenue Estimates |
Lennar (LEN) came out with quarterly earnings of $4.03 per share, missing the Zacks Consensus Estimate of $4.16 per share. This compares to earnings of $5.17 per share a year ago. |
zacks.com |
2024-12-18 20:40:22 |
Czytaj oryginał (ang.) |
| Lennar falls on Q4 results |
Alan Ratner, Zelman & Associates managing director, joins 'Closing Bell Overtime' to talk Lennar falling on Q4 results. |
youtube.com |
2024-12-18 19:31:01 |
Czytaj oryginał (ang.) |
| Lennar Reports Fourth Quarter and Fiscal 2024 Results |
2024 Fourth Quarter Highlights– comparisons to the prior year quarter Net earnings per diluted share of $4.06 ($4.03, excluding mark-to-market gains on technology investments) Net earnings of $1.1 billion New orders decreased 3% to 16,895 homes; new orders dollar value decreased 1% to $7.2 billion Backlog of 11,633 homes with a dollar value of $5.4 billion Deliveries decreased 7% to 22,206 homes Total revenues of $9.9 billion Homebuilding operating earnings of $1.5 billion Gross margin on home sales of 22.1% S,G&A expenses as a % of revenues from home sales of 7.2% Net margin on home sales of 14.9% Financial Services operating earnings of $154 million Multifamily operating loss of $0.2 million Lennar Other operating earnings of $0.5 million Homebuilding cash and cash equivalents of $4.7 billion Years supply of owned homesites of 1.1 years and controlled homesites of 82% No outstanding borrowings under the Company's $2.9 billion revolving credit facility Homebuilding debt to total capital of 7.5% Repurchased 3 million shares of Lennar common stock for $521 million In November 2024, the Company entered into a definitive agreement to acquire Rausch Coleman Homes, a residential homebuilder, which is expected to close in the first quarter of 2025 2024 Fiscal Year Highlights - comparisons to prior year Net earnings per diluted share of $14.31 ($13.86, excluding mark-to-market gains and other one-time items, (collectively, "adjustments")) Net earnings of $3.9 billion ($3.8 billion excluding adjustments) New orders increased 11% to 76,951 homes Deliveries increased 10% to 80,210 homes Total revenues of $35.4 billion Gross margin on home sales of 22.3%; net margin of 14.9% Redeemed/repurchased $554 million of senior notes Repurchased 13.6 million shares of Lennar common stock for $2.1 billion Homebuilding return on inventory of 29.2% MIAMI , Dec. 18, 2024 /PRNewswire/ -- Lennar Corporation (NYSE: LEN and LEN.B), one of the nation's largest homebuilders, today reported results for its fourth quarter and fiscal year ended November 30, 2024. Fourth quarter net earnings attributable to Lennar in 2024 were $1.1 billion, or $4.06 per diluted share, compared to $1.4 billion, or $4.82 per diluted share in the fourth quarter of 2023. |
prnewswire.com |
2024-12-18 18:30:00 |
Czytaj oryginał (ang.) |
| Lennar Earnings Are Imminent; These Most Accurate Analysts Revise Forecasts Ahead Of Earnings Call |
Lennar Corporation LEN will release earnings results for its fourth quarter, after the closing bell on Wednesday, Dec. 18. |
benzinga.com |
2024-12-18 11:25:25 |
Czytaj oryginał (ang.) |
| Lennar Subsidiary Makes SEC Filing Regarding Planned Spin-Off |
MIAMI , Dec. 18, 2024 /PRNewswire/ -- Lennar Corporation (NYSE: LEN and LEN.B) ("Lennar"), one of the nation's leading homebuilders, announced that its recently formed subsidiary, Millrose Properties, Inc. ("Millrose"), has filed with the Securities and Exchange Commission a registration statement under the Securities Act of 1933 on Form S-11 relating to a planned spin-off consisting of a contribution by Lennar to Millrose of land and cash and a distribution of Millrose's stock to Lennar's stockholders (the "Spin-Off"). The planned Spin-Off is subject to final approval from the Lennar Board of Directors and other customary conditions. |
prnewswire.com |
2024-12-18 11:07:00 |
Czytaj oryginał (ang.) |
| Home Builders See a Busy Spring. Lennar's Outlook Will Set the Tone. |
Lennar operates in about half of U.S. states, giving it good visibility into housing trends. |
barrons.com |
2024-12-18 05:00:00 |
Czytaj oryginał (ang.) |
| Should You Buy, Hold or Fold Lennar Stock Ahead of Q4 Earnings? |
LEN's fiscal fourth-quarter 2024 results are likely to reflect decreased deliveries with a flat gross margin and higher SG&A expenses. |
zacks.com |
2024-12-17 12:51:42 |
Czytaj oryginał (ang.) |
| Lennar (LEN) Q4 Earnings on the Horizon: Analysts' Insights on Key Performance Measures |
Evaluate the expected performance of Lennar (LEN) for the quarter ended November 2024, looking beyond the conventional Wall Street top-and-bottom-line estimates and examining some of its key metrics for better insight. |
zacks.com |
2024-12-13 12:15:17 |
Czytaj oryginał (ang.) |
| Why Lennar (LEN) Dipped More Than Broader Market Today |
Lennar (LEN) concluded the recent trading session at $155.47, signifying a -1.7% move from its prior day's close. |
zacks.com |
2024-12-12 21:15:31 |
Czytaj oryginał (ang.) |
| Analysts Estimate Lennar (LEN) to Report a Decline in Earnings: What to Look Out for |
Lennar (LEN) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations. |
zacks.com |
2024-12-11 13:01:01 |
Czytaj oryginał (ang.) |