Lennar — Dec 16, 2025 release

Guidance The following are the Company's expected results of its homebuilding and financial services activities for the first quarter of fiscal 2026: New Orders 18,000 - 19,000 Deliveries 17,000 - 18,000 Average Sales Price $365,000 - $375,000 Gross Margin % on Home Sales 15.0% - 16.0% S,G&A as a % of Home Sales About 9.5% Financial Services Operating Earnings $105 million - $110 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, including, but not limited to, statements relating to the homebuilding market and other markets in which we participate, as well as our expected results and guidance. You can identify forward-looking statements by the fact that these statements do not relat