Case 96 Lennar

B. Rajesh Kumar
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B. Rajesh Kumar: Institute of Management Technology

A chapter in Rising Stars, 2024, pp 687-694 from Springer

Abstract: Abstract Lennar was established in the year 1954 as a local Miami homebuilder. Over the years, the company has built over 1 million new homes in the United States of America. Lennar serves different communities in terms of lifestyles and family dynamics. In terms of deliveries, revenues, and net earnings, Lennar is the second largest homebuilder in the United States. Lennar is an originator of residential and commercial mortgage loans, provider of title insurance and closing services, and developer of multifamily rental properties. The company is also the sponsor and manager of funds and joint ventures which focuses on the development and ownership of multifamily rental properties. The Lennar stock had cumulative monthly returns of 132% compared to cumulative monthly return of 68% accounted by market index Nasdaq Composite during the 5-year period September 2018–August 2023.

Date: 2024
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DOI: 10.1007/978-3-031-50032-9_96

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