Professional
Added to YB: 2026-10-07
Pitch date: 2026-10-02
LEN [bearish]
Lennar Corporation
+1.03%
current return
Author Info
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Company Info
Lennar Corporation, together with its subsidiaries, operates as a homebuilder primarily under the Lennar brand in the United States.
Market Cap
$17.8B
Pitch Price
$78.50
Price Target
N/A
Dividend
2.67%
EV/EBITDA
10.02
P/E
14.12
EV/Sales
0.72
Sector
Household Durables
Category
special_situation
EXCLUSIVE: Lennar’s Big New Customer Is Its Own Spinoff, Millrose
LEN (update): Lennar sold at least 700 finished homes worth an estimated $200M to spun-off land bank Millrose in roughly a month; 356 quarter-end purchases were enough to preserve Lennar’s delivery target. Millrose’s rentals appear to yield about 5% before interest versus 6.5-6.75% bond costs, raising conflict, control and revenue-recognition questions given Lennar supplies 72% of Millrose revenue and its CEO holds 43% of the votes.
Read full article (15 min)