Lennar — Sep 18, 2025 release

                       Share Repurchases In the third quarter of 2025, the Company repurchased 4.1 million shares of its common stock for $507 million at an average share price of $122.97. Guidance The following are the Company's expected results of its homebuilding and financial services activities for the fourth quarter of 2025: New Orders 20,000 - 21,000 Deliveries 22,000 - 23,000 Average Sales Price $380,000 - $390,000 Gross Margin % on Home Sales Approximately 17.5% - consistent with third quarter SG&A as a % of Home Sales 7.8% - 8.0% Financial Services Operating Earnings $130 million - $135 million 5-5-5 About Lennar Lennar Corporation, founded in 1954, is one of the nation’s leading builders of quality homes for all generations. Lennar builds affordable, move-up and active adult homes primarily under the Lennar brand name. Lennar’s Financial Services segment provides mortgage financing, title and closing services primarily for buyers of Lennar’s homes and, through LMF Commercial, originates mortgage loans secured primarily by commercial real estate properties throughout the United States. Lennar's Multifamily segment is a nationwide developer of high-quality multifamily rental properties. LEN X drives Lennar's technology, innovation and strategic investments. For more information about Lennar, please visit www.lennar.com. Note Regarding Forward-Looking Statements: Some of the statements in this press release are "forward-looking statements," as that term is defined in the Private Securities Litigation Reform Act of 1995, inclu