Lennar Corp’s Revenue Breakdown Worldwide (2016-2022)

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This statistic highlights Lennar Corp’s Revenue Breakdown Worldwide, split across Other revenue, Sales of home and Sales of land, reported from Q1 2016 onwards.
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This statistic highlights Lennar Corp’s Revenue Breakdown Worldwide, split across Other revenue, Sales of home and Sales of land, reported from Q1 2016 onwards.

Lennar Corp’s Revenue Breakdown Worldwide

The table below shows Lennar Corp’s Revenue Breakdown Worldwide:

Business Vertical Q4 2020 Q3 2021 Q4 2021 Contribution in Q4 2021
Sales of home $6,307 $6,506 $7,971 94.50%
Other revenue $677 $391 $426 5.10%
Sales of land $42 $45 $36 0.40%
Total $7,026 $6,941 $8,434 100.00%

(All figure in millions, except percentages)

According to the given data, the total revenue of Lennar Corporation can be seen fluctuating. But, the total revenue increased notably from $7026 million in Q4 2020 to $8434 million in Q4 2021, marking a percentage growth of 20% on a YoY basis. Further, the total revenue increased significantly from $6941 million in Q3 2021 to $8434 million in Q4 2021, marking a percentage growth of 21% on a QoQ basis.

Business Verticals  

Sales of home

Sales of homes are recognized at the time of the closing of a sale when title and possession of the property are transferred to the homebuyer.

The total revenue from Sales of homes can be seen gradually increasing from $6307 million in Q4 2020 to $7971 million in Q4 2021, marking a percentage increase of 26% on a YoY basis. However, total revenue has increased notably from $6506 million in Q3 2021 to $7971 million in Q4 2021, marking a percentage increase of 23% on a QoQ basis. Also, Sales of homes contributed 94.5% to the total revenue generated in Q4 2021.

Other revenue

Other declarable segments are Multifamily, Financial Services and Lennar Other.

  • Financial Services include
  1. Residential Mortgage Financing
  2. Title, Insurance and Closing Services
  3. Commercial Mortgage Origination
  • Multifamily- Multifamily segment focuses on developing a geographically diversified portfolio of institutional quality multifamily rental properties in select U.S. markets.
  • Lennar Other- They have strategically invested in companies involved in technology initiatives that, among other things, help them enhance the home buying or homeownership experience, reduce their SG&A expenses. Six of the companies in which they have strategic investments are publicly traded. They are:
  1.  Blend, a corporation that is a digital lending platform developer simplifying and fast-tracking the consumer finance process;
  2. Doma, a corporation that created a predictive analytics platform for title insurers;
  3. Hippo, a corporation that bring forth an systematic means of obtaining home insurance;
  4. Opendoor, a corporation that uses technology to significantly streamline the homebuying and selling process;
  5. SmartRent, a venture smart home automation company; and
  6. Sunnova, a major national residential solar company, to which during 2021 they sold its solar business in return for equity.

The total revenue from Other revenue can be seen gradually decreasing from $677 million in Q4 2020 to $426 million in Q4 2021, marking a percentage decrease of 27% on a YoY basis. Whereas, total revenue has increased steadily from $391 million in Q3 2021 to $426 million in Q4 2021, marking a percentage increase of 9% on a QoQ basis. Also, Other revenue contributed 5.1% of the total revenue generated in Q4 2021.

Sales of land

Cash consideration from land sales is typically due on the closing date, which is generally when performance obligations are satisfied, and revenue is recognized when the title of the property has been transferred.

The total revenue from Sales of land can be seen fluctuating. But decreasing from $42 million in Q4 2020 to $36 million in Q4 2021, marking a percentage decrease of 26% on a YoY basis. And, total revenue has decreased from $45 million in Q3 2021 to $36 million in Q4 2021, marking a percentage decrease of 14% on a QoQ basis. Also, Sales of land contributed 0.4% to the total revenue generated in Q4 2021.

About The Company

Lennar Corporation is a home corporation and real estate company based in Fontainebleu, Florida. In 2017, the company was the largest home construction company in the United States after it purchased CalAtlantic Homes. The corporation works in 21 states and owns Rialto Capital Management, the sponsor of six private equity funds that invest in real estate and an originator of commercial mortgage loans for securitization. The corporation also erupt and retains ownership interests in 53 apartment communities.

Their homebuilding operations are the most substantial part of their business, generating $25.5 billion in revenues, or approximately 94% of consolidated revenues, in fiscal 2021.

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