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Analysis of Lennar Corporation’s Spinoff of Millrose Properties

  • February 23, 2025

Lennar Corporation (LEN) is one of the largest home construction companies in the United States, headquartered in Miami, Florida. As of 2023, it reported revenues exceeding $35 billion, primarily from its homebuilding operations, which delivered over 80,000 homes in 2024. Lennar operates across 26 states and has diversified interests in multifamily developments, mortgage lending, and property technology. The company has been recognized for its innovative approaches to homebuilding and land management.

Lennar operates through several key segments:

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