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Lennar Corp'a'



Lennar Corp'a' is a publicly traded company having a good stock performance result. Lennar Corp'a' is a fortune 500 stock listed company trading under LEN.




Lennar Corporation, established in 1954, is headquartered in Miami, Florida and is one of the nation’s leading builders of quality homes for all generations. Lennar builds move-up, affordable and retirement homes in Communities that offer to almost any lifestyle such as golf course, Active Adult, urban or suburban Communities.


When they care for their Company, their Customers and their Associates, they know that their Shareholders receive the best results. They've built a strong standing on Wall Street with their excellent track record, superior balance sheet, high returns on capital and equity and their unique ability to identify and capitalize on market inefficiencies.


Lennar has consistently produced strong shareholder value through its process of growth, management and results and has produced a consistent track record of strong earnings growth coupled with a strong balance sheet. Over the past 18 years, they have seen shareholders' equity increase from 142 million dollars to 5.3 billion dollars. Earnings have grown from 12 million dollars to 1.4 billion dollars, and revenues have increased from 231 million dollars to 13.9 billion dollars.


Revenues from home sales increased 39percent in the fourth quarter of 2005 to 4.7 billion dollars from 3.4 billion dollars in 2004. Revenues were higher primarily due to an 18percent increase in the number of home deliveries and an 18percent increase in the average sales price of homes delivered in the fourth quarter of 2005. New home deliveries, excluding unconsolidated entities, increased to 13,851 homes in the fourth quarter of 2005 from 11,716 homes last year. In the fourth quarter of 2005, new home deliveries were higher in each of the Company's regions, compared to 2004. The average sales price of homes delivered increased to 338,000 dollars in the fourth quarter of 2005 from 287,000 dollars in 2004.


They have expanded their asset base both outside and through acquisitions. Focused management implementation and a disciplined financial management of return on net assets drive the success of their process. They say as they look ahead, there is good reason for them to expect continued success. Lennar's Management process produces these results. It is a process that works because of the practical focused control.




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