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Last €43.85 EUR
Change Today -0.239 / -0.54%
Volume 0.0
LNN On Other Exchanges
Symbol
Exchange
New York
New York
Mexico
Frankfurt
As of 2:32 AM 05/25/15 All times are local (Market data is delayed by at least 15 minutes).

lennar corp-a (LNN) Snapshot

Open
€43.87
Previous Close
€44.08
Day High
€43.87
Day Low
€43.85
52 Week High
04/15/15 - €48.57
52 Week Low
08/8/14 - €26.56
Market Cap
8.8B
Average Volume 10 Days
116.4
EPS TTM
--
Shares Outstanding
173.9M
EX-Date
04/20/15
P/E TM
--
Dividend
€0.16
Dividend Yield
0.30%
Current Stock Chart for LENNAR CORP-A (LNN)

lennar corp-a (LNN) Details

Lennar Corporation, together with its subsidiaries, engages in the homebuilding activities in the United States. The company operates through Homebuilding East, Homebuilding Central, Homebuilding West, Homebuilding Southeast Florida, Homebuilding Houston, Financial Services, Rialto, and Lennar Multifamily segments. Its homebuilding activities primarily include the construction and sale of single-family attached and detached homes to first-time, move-up, and active adult homebuyers, as well as the purchase, development, and sale of residential land. The company also offers real estate related financial services, including mortgage financing, title insurance, and closing services for home buyers and others. In addition, it is involved in raising, investing, and managing third party capital; originating and securitizing commercial mortgage loans, as well as investing in real estate related mortgage loans, properties, and related securities. Further, the company develops multifamily rental properties. Lennar Corporation was founded in 1954 and is based in Miami, Florida.

6,825 Employees
Last Reported Date: 01/23/15
Founded in 1954

lennar corp-a (LNN) Top Compensated Officers

Chief Executive Officer, Director and Member ...
Total Annual Compensation: $1.0M
President
Total Annual Compensation: $800.0K
Chief Financial Officer and Vice President
Total Annual Compensation: $779.9K
Chief Operating Officer and Vice President
Total Annual Compensation: $800.0K
General Counsel and Secretary
Total Annual Compensation: $541.5K
Compensation as of Fiscal Year 2014.

lennar corp-a (LNN) Key Developments

Lennar Prices $500 Million Senior Notes Offering

Lennar Corp. announced April 21 that it priced $500 million of 4.750% senior notes due 2025. The notes will have an interest rate of 4.750% per year and will pay interest semiannually May 30 and Nov. 30, beginning Nov. 30.

Lennar Corp. Amends Credit Agreement Governing its Unsecured Revolving Credit Facility

On April 17, 2015, Lennar Corporation amended the credit agreement governing its unsecured revolving credit facility to reduce the rate of interest on $1.18 billion of the Credit Facility from the current LIBOR plus 2.00% to LIBOR plus 1.75%, increase the maximum potential borrowings from $1.5 billion to $1.6 billion and extend the maturity of $1.18 billion of the Credit Facility from June 2018 to June 2019. The $1.6 billion includes a $263 million accordion feature, subject to additional commitments. The Third Amended and Restated Credit Agreement is among the company, as borrower, JPMorgan Chase Bank, N.A., as swingline lender, issuing lender, and administrative agent and the several lenders from time to time parties thereto. The Credit Facility consists of a revolving loan under which amounts may be borrowed, repaid and redrawn. The proceeds available under the Credit Facility may be used for working capital and general corporate purposes. In connection with the Credit Agreement, the company entered into a Third Amended and Restated Guarantee Agreement, dated as of April 17, 2015, among the company's wholly-owned subsidiaries, except specified subsidiaries, which was expanded to exclude subsidiaries that engage in the development, investment and management of commercial or mixed use properties, engage in the development, investment and management of multi-family rental properties, and (3) engage in the installation, development, ownership, servicing, sale or lease of solar power systems or sale of solar power. The descriptions of the Credit Agreement and the Guarantee Agreement are qualified in their entirety by reference to the full and complete terms contained in the Credit Agreement and the Guarantee Agreement, respectively. The company and certain of its affiliates from time to time enter into commercial financial arrangements with almost all the lenders under the Credit Facility and/or their respective affiliates, and affiliates of each of the lenders provide financial, advisory, investment banking and other services to the Company and its affiliates. In addition, affiliates of certain of the lenders serve as underwriters of company's issuances of senior notes.

Lennar Corporation Declares Quarterly Cash Dividend Payable on May 6, 2015

Lennar Corporation announced that its Board of Directors has declared a quarterly cash dividend of $0.04 per share for both Class A and Class B common stock payable on May 6, 2015 to holders of record at the close of business on April 22, 2015.

 

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Industry Analysis

LNN

Industry Average

Valuation LNN Industry Range
Price/Earnings 16.6x
Price/Sales 1.2x
Price/Book 2.0x
Price/Cash Flow 12.5x
TEV/Sales 0.1x
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