Lennar — Mar 20, 2025 release

Liquidity At February 28, 2025, the Company had $2.3 billion of Homebuilding cash and cash equivalents and no outstanding borrowings under its $3.0 billion revolving credit facility, thereby providing approximately $5.3 billion of available capacity. Guidance The following are the Company's expected results of its homebuilding and financial services activities for the second quarter of 2025: New Orders 22,500 - 23,500 Deliveries 19,500 - 20,500 Average Sales Price $390,000 - $400,000 Gross Margin % on Home Sales Approximately 18% S,G&A as a % of Home Sales 8.0% - 8.2% Financial Services Operating Earnings $135 million - $145 million 6-6-6 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, including, but not limited to, stateme