BNET Industries

Market Cap:$1.7B
Last Fiscal Year Sales:$4.5B
  • Public
  • US
Dow Jones Description

Lennar Corporation, founded in 1954, is headquartered in Miami, Florida and is one of the nation?s leading builders of quality homes for all generations. Lennar builds affordable, move-up and retirement homes in Communities that cater to almost any lifestyle ? such as urban, golf course, Active Adult or suburban Communities.

Chief Executive Officer
Stuart A. Miller
Number of Employees 4,704
Contact Information

700 N.W. 107th Avenue

Miami, Florida 33172

www.lennar.com

305-559-4000

NAICS Code New Single-Family Housing Construction (except Operative Builders): 236115

Recent Events

  • Credit Suisse Upgrades Lennar LEN to Outperform

    11/06/09 - Bond / Stock Rating - View Story

  • U.S. Stops Short of Faulting Drywall

    10/30/09 - Lawsuit Filed - View Story

  • Lennar LEN Approves $0.04 Per Share Quarterly Dividend for A & B Class Shares

    10/06/09 - Stock Split / Dividend - View Story

  • The Building Block: Lennar's drywall problem could be bigger than Florida

    9/21/09 - Merger / Acquisition - View Story

  • Lennar Reports $171 Million Loss in Third Quarter, But Sees Profitability in 2010

    9/25/09 - Financial Announcement - View Story

  • Homebuilder Sector on Winning Streak

    9/18/09 - Bond / Stock Rating - View Story

  • The Coastal Carolina Division of Lennar Appoints Meg Hopkins as Internet New Home Consultant

    9/13/09 - Mgmt. Change Entering - Other - View Story

  • Standard Pacific shares fall on analyst downgrade

    8/31/09 - Bond / Stock Rating - View Story

  • BRIEF-RESEARCH ALERT-Raymond James ups KB Home, cuts Standard Pacific

    8/31/09 - Bond / Stock Rating - View Story

  • Lennar Names Robert Lee Sales Associate at The Vistas at Heritage Bay

    8/15/09 - Mgmt. Change Entering - Sales - View Story

  • A Changing Outlook for Two Home Builders

    8/14/09 - Bond / Stock Rating - View Story

  • Ratings changes do little to move Lennar, KB Home

    8/13/09 - Bond / Stock Rating - View Story

  • Raymond James Upgrades Lennar LEN to Outperform

    8/13/09 - Bond / Stock Rating - View Story

  • LandSource Communities emerges from Chapter 11 as Newhall Land Development

    8/04/09 - Mgmt. Change Leaving - Finance - View Story

  • China's Latest Tainted Export: Toxic Drywall

    7/14/09 - Financial Announcement - View Story

  • Land Deals Help Home Builders

    6/23/09 - New Investment - View Story

News & Analysis

lennar corp. and trader mark - All News and Analysis

  • Americans Will Be Refinanced by Any Means Possible

    Seeking Alpha - 2009-02-09

    Trader Mark submits: Homebuilders were flying on Friday - that was my pick for stealth bull market sector for 2009 in my 2009 Outlier Predictions [Dec 16, 2008: 13 Outlier 2009 Predictions] - and why should they not be when we are going to give away homes for near free?...

    Tags: US Market, Trader Mark, Lennar Corp.

  • Owning Lennar on Obama Hope

    Seeking Alpha - 2008-12-18

    Trader Mark submits: Lennar LEN reported Thursday morning, but it's a moot point. We don't own it on reality, we own it on Obama hope and the avalanche of homeowner programs and initiatives we have seen, and will see in even greater number as I envision in 2009. Perception is...

    Tags: US Market, Trader Mark, Lennar Corp.

  • Restarting Lennar Position on Hopes for Obama

    Seeking Alpha - 2008-12-16

    Trader Mark submits: My 13 2009 Outlier Predictions is coming out later this afternoon; as I've been working on it the past three weeks and knowing how the stock market is all about thesis over reality, I've come to the conclusion that not having housing exposure based on what I...

    Tags: US Market, Trader Mark, Lennar Corp.

  • Lennar's 50% Jump and Median House Prices

    Seeking Alpha - 2008-11-25

    Trader Mark submits: Homebuilder Lennar LEN is up over 50% today on the 521st government assistance plan. Unlike certain TV personalities who were screaming at us literally this summer that the strong price action in the home builder relatively was foreshadowing a recovery [Aug 27: Don Harrold on Cramer's Housing...

    Tags: US Market, Trader Mark, Lennar Corp.

Decision Makers

Name (plus bio) Position
Stuart A. Miller Chief Executive Officer
Anthony S. Marino Chief Human Resources Officer
Bruce E. Gross Chief Financial Officer
John R. Nygard Chief Information Officer
Jonathan M. Jaffe Chief Operating Officer
Nanacy A. Kaminsky CFO & Executive Vice President
Robert J. Strudler Chief Operating Officer
Linda Reed Executive Vice President, Lennar Financial Services, Llc
Richard Beckwitt Executive Vice President
Living Bolotin Senior Vice President
David McCain Vice President
Diane J. Bessette Vice President
Marshall Ames Vice President
Michael Petrolinov Vice President, Taxation
Waynewright Malcolm Vice President & Treasurer
Andrea Berenfeld Director, Culture
Carol Bergen Director, Personnel
Frank Matthews Director, HR
Kay L. Howard Director, Communications
Ronald L. George Director, Tax
Gary H. Hunt Senior Advisor
Jeffry R Jones Counsel
Larry Somma Treasurer
Mark Sustana General Counsel
Sidney Lapidus Director
Steven L. Gerard Director

Board of Directors

Name (plus bio) Position
Donna E. Shalala Board of Directors
Herve Ripault Board of Directors
Irving Bolotin Board of Directors
Jeffrey A Sonnenfeld Board of Directors
Jeffrey Sonnefeld Board of Directors

Organization Position Status
Lennar Homes President & CEO Former
Lennar Corporation President Current
M.A.P. Builders, Inc. President Former
Phbca Board of Directors Current
Joint Center Member Current
Lennar Corporation Chairman Former

Organization Position Status
Lennar Corporation Chief Human Resources Officer Current
Lennar Corporation Board of Directors Former

Organization Position Status
Lennar Homes of Texas Land & Construction Ltd CFO Current
Lennar Corporation Chief Financial Officer Current
Lennar Corporation Vice President Current
Lennar Corporation Board of Directors Current

Organization Position Status
Lennar Corporation Chief Information Officer Current

Organization Position Status
Lennar Corporation Chief Operating Officer Current
Lennar Corporation Vice President Current
Lennar Corporation Director Current
Lennar Corporation Regional President Former

Organization Position Status
Lennar Corporation CFO & Executive Vice President Current

Organization Position Status
Project Opportunity Vice Chairman and Chief Operating Officer, Lennar Corporation Current
Lennar Corporation Chief Operating Officer Current
Lennar Corporation Chair of Board Current
Lennar Corporation Regional Manager Former
Lennar Corporation Director Former
Lennar Corporation Vice Chairman, Board of Directors Former

Organization Position Status
Lennar Financial Services, Inc. Executive Vice President Current
Lennar Corporation Executive Vice President, Lennar Financial Services, Llc Current

Mr. Beckwitt served on the Board of Directors of D.R. Horton, Inc. from 1993 to November 2003. From 1993 to March 2000, he held various executive officer positions at D.R. Horton, including President of the company. From March 2000 to September 2002, Mr. Beckwitt provided investment and merger and acquisition advice to D.R. Horton through EVP Capital, L.P., a company he owned. From 1986 to 1993, Mr. Beckwitt worked in the Mergers and Acquisitions and Corporate Finance Departments at Lehman Brothers Inc., specializing in the homebuilding and building products industries. While with Lehman, Mr. Beckwitt worked closely with Lennar on several projects.

Organization Position Status
Lennar Corporation Executive Vice President Current

Organization Position Status
Lennar Corporation Senior Vice President Current

David B. McCain joined MPKA Financial Services, LLC in 2007 as a Partner. Mr. McCain was previously an executive at Lennar Corporation [NYSE: LEN], a member of the Fortune 250 and one of the nation's largest homebuilders. He last served as President and Chief Executive Officer of Lennar Financial Services (LFS), which during his four year tenure employed over 3,900 and produced annual revenues in excess of $600 million. LFS is comprised of Lennar's residential mortgage lenders, title insurance provider, personal lines insurance agency, and telecommunications activities. Previously, he served for five years as Vice President, General Counsel and Secretary of Lennar Corporation, the parent company of LFS. During his Lennar tenure, Mr. McCain was also a member of the Executive Focus Group, and the Investment, the 401k, and the Conflicts and Ethics Committees. Prior to joining Lennar, Mr. McCain served over an eleven year period as Vice President, General Counsel and Secretary of John Alden Asset Management Company, the investment advisor subsidiary of John Alden Life Insurance Company [NYSE: JA], providing investment advisory services to insurance companies and pension funds. While at John Alden, Mr. McCain also served as the Chief Compliance Officer and on the Conflicts and the Asset Review Committees. Mr. McCain is a member of the Gerson Lehrman Group Council financial services group. GLG Council members enable decision makers at investment firms, corporations and non profit organizations to better understand the products, services, companies, issues and industries they serve. Mr. McCain is the Chairman of the Board of Lendia Group, LLC, a provider of variable cost processing and outsourcing solutions to the mortgage industry. Mr. McCain also serves on the boards of RodBlu Investment Fund I, LLC, a $500 million commercial real estate private equity group providing debt, equity, and development expertise and resources for North and Central American real estate opportunities, the American College of Mortgage Attorneys, and Palmer Trinity School. Mr. McCain is a graduate of Brown University and the University of Miami School of Law.

Organization Position Status
Lennar Financial Services, Inc. Chief Executive Officer Current
Lennar Financial Services, Inc. President Current
Lennar Corporation Vice President Current
Lennar Corporation Secretary Current
Palmer Trinity School Board of Directors Current
GenTek Inc. Various Legal Positions Former
Lennar Corporation General Counsel Former
Executive Focus Group, Inc Board of Directors Former
Brown University Former
University of Miami School of Law Former

Ms. Bessette joined Lennar in 1995, has been Controller since 1997 and has been Vice President since 2000.

Organization Position Status
Lennar Corporation Vice President Current
Lennar Corporation Controller Current
Lennar Corporation Board of Directors Current

Organization Position Status
Lennar Corporation Vice President Current

Organization Position Status
Lennar Corporation Vice President, Taxation Current

Organization Position Status
Lennar Corporation Vice President & Treasurer Current

Organization Position Status
Lennar Corporation Director, Culture Current
Lennar Corporation Director, Culture Former

Organization Position Status
Lennar Corporation Director, Personnel Current

Organization Position Status
Lennar Corporation Director, HR Current
Lennar Homes Vice President, Hr Former

Organization Position Status
Lennar Homes Vice President, Ir Current
Lennar Corporation Director, Communications Current
Lennar Corporation Board of Directors Former

Organization Position Status
Lennar Corporation Director, Tax Current
Lennar Corporation Board of Directors Former

Hunt is responsible for the day-to-day management of Grubb & Ellis Company as its interim chief executive officer; he also serves as a member of the board of directors. Hunt is the managing partner of California Strategies LLC and previously served as an executive vice president and member of the board of directors of The Irvine Company, a 140-year-old privately held real estate investment company best known for the communities it has planned and developed on the Irvine Ranch in Orange County, California. Hunt is also a member of the boards of Glenair Inc., The Beckman Foundation and William Lyon Homes.

Organization Position Status
Grubb & Ellis Company Interim Chief Executive Officer Current
Nnn Capital Corp Director and Interim Chief Executive Officer Current
Grubb & Ellis Securities, Inc Director and Interim Chief Executive Officer Current
Lennar Corporation Senior Advisor Current
Tejon Preserve Current
Kennecott Land Chairman, Board of Advisors Current
William Lyon Homes Board of Directors Current
Glenair Inc. Board of Directors Current
Nnn Capital Corp Board of Directors Current
Grubb & Ellis Company Board of Directors Current
California Strategies, LLC Managing Partner Former
California Business Roundtable Board of Directors Former
NNN Realty Advisors, Inc. Board of Directors Former
The Irvine Company Inc. Board of Directors Former
University of Cincinnati Former

Jeff's practice covers a wide diversity of real estate transactions for both public and private clients. On the private side, he is local counsel for Lennar Corporation, a national merchant homebuilder, and represented them in their acquisition/merger of Winncrest Homes, the largest residential transaction in Sacramento history. He continues to represent merchant homebuilders Lennar, Winncrest, and JMC Homes on a day-to-day basis, handling acquisitions, dispositions, development and related work. He also represents Wildlands, Inc. in connection with its environmental mitigation bank documentation. On the public side, Jeff has served as special counsel to public agencies in numerous public and private transactions. Some of the most notable of those transactions include representation of the State of California Public Employees Retirement System in complicated acquisition, financing and workout transactions; the County of Los Angeles Department of Beaches and Harbors in connection with the mixed-use development in Marina Del Rey, providing real estate counsel on complicated and innovative leasing, subleasing and financing transactions involving property worth hundreds of millions of dollars; the County of Ventura as advisory counsel for a similar, smaller scale project; and the Daly City Redevelopment Agency in its partial acquisition, cotenancy and financing of a completed office building within the redevelopment project area. Prior to becoming a lawyer, Jeff was the manager of the commercial escrow department and a senior title officer for Ticor Title Insurance Company, handling complex title and escrow transactions. As a result of that experience, he represents title insurance companies and their insured with respect to title problems, and is frequently called upon to deal with complex title issues.

Organization Position Status
Lennar Corporation Counsel Current
McDonough Holland & Allen PC Current

Organization Position Status
Lennar Corporation Treasurer Current
Lennar Corporation Treasurer Current

Organization Position Status
Lennar Corporation General Counsel Current
Lennar Corporation Secretary Current

Organization Position Status
Lennar Corporation Board of Directors Current
Lennar Corporation President Former

Organization Position Status
Lennar Corporation Board of Directors Current

Organization Position Status
Lennar Corporation Board of Directors Current
Lennar Corporation Senior Vice President Former

Organization Position Status
Yale School of Management Lester Crown Professor-In-the-Practice of Management Current
Newsweek, Inc. Current
The New York Times Company Current
Gevity Director Current
Gevity HR, Inc. Director Current
Lennar Corporation Board of Directors Current
Organizational Dynamics Inc. Board of Directors Former
Journal of Organizational Behavior Board of Directors Former
Harvard University MBA Former
Harvard University Ab Former
Harvard College A.B. Former

Organization Position Status
Lennar Corporation Board of Directors Current

Organization Position Status
Warburg Pincus, LLC Managing Director Current
United Neighborhood Houses of New York Chairman Current
New York University Medical Center Board of Directors Current
Knoll, Inc. Director Current
The Neiman Marcus Group, Inc. Board of Directors Current
Lennar Corporation Director Current
Warburg Pincus, LLC Senior Advisor Former

Steven L. Gerard was elected by the Board to serve as its Chairman in October, 2002. He was appointed Chief Executive Officer and Director in October, 2000. Mr. Gerard was Chairman and CEO of Great Point Capital, Inc., a provider of operational and advisory services from 1997 to October 2000. From 1991 to 1997, he was Chairman and CEO of Triangle Wire & Cable, Inc. and its successor Ocean View Capital, Inc. Mr. Gerard s prior experience includes 16 years with Citibank, N.A. in various senior corporate finance and banking positions. Further, Mr. Gerard served seven years with the American Stock Exchange, where he last served as Vice President of the Securities Division. Mr. Gerard also serves on the Boards of Directors of Lennar Corporation and Joy Global, Inc.

Organization Position Status
CBIZ Inc. CEO Current
Mayer Hoffman McCann P.C. Privacy Notice CEO & Chairman of The Board Current
CBIZ Inc. Chairman Current
Joy Global, Inc. Board of Directors Current
Lennar Corporation Director Current
The Fairchild Corporation Director Current
TIMCO Aviation Services, Inc. Director Current
Oceanview Capital Corp. CEO Former
The American Stock Exchange LLC Vice President of Amex's Securities Division Former
Citigroup Inc. Senior Managing Director Former
Citibank, N.A. Senior Managing Director Former
Lennar Corporation Chairman Former
Oceanview Capital Corp. Chairman Former
CBIZ Inc. Director Former

Executive News

  • Lennar Q2 Earnings Call Transcript

    123Jump - 7/02/09 - View Story

  • Lennar posts second quarter loss of $125M

    The Real Deal - 6/27/09 - View Story

  • Lennar upbeat in revenue slide: The red ink continued to flow at Lennar, but the home builder pointed to reasons for optimism.

    TradingMarkets - 6/26/09 - View Story

  • Lennar's Strategies Shave Inventory

    The Wall Street Journal Interactive Edition - 6/26/09 - View Story

  • Lennar Corp. Q2 losses widen, stocks rise

    Examiner.com - 6/25/09 - View Story

  • Homebuilder Lennar reports slightly bigger 2nd-quarter loss, sees boost in new orders

    Chicago Tribune - 6/25/09 - View Story

  • STOCKS NEWS US-PetroQuest falls, offering priced at discount

    Forbes.com - 6/25/09 - View Story

  • Lennar Q2 losses widen

    Biz Journals - 6/25/09 - View Story

  • Lennar posts $125.2 million second-quarter loss

    TradingMarkets - 6/25/09 - View Story

  • STOCKS NEWS US-Microsoft to cut prices on Windows 7 system

    Forbes.com - 6/25/09 - View Story

  • STOCKS NEWS US-Markets rise on retailers, home builders

    Forbes.com - 6/25/09 - View Story

  • STOCKS NEWS US-Akamai draws put sellers, analyst

    Forbes.com - 6/25/09 - View Story

  • Lennar Loss Widens; New Home Sales up Sequentially

    ABC News - 6/25/09 - View Story

  • Lennar posts slightly larger 2nd-quarter loss

    Examiner.com - 6/25/09 - View Story

  • Lennar loss widens; new home sales up sequentially

    KNAU - 6/25/09 - View Story

  • STOCKS NEWS US-Homebuilders rise on Lennar results, outlook

    Forbes.com - 6/25/09 - View Story

  • 2nd UPDATE: Lennar 2Q Loss Widens, But Sales Help Revenue

    CNN Money - 6/25/09 - View Story

  • Lennar loss widens; new home sales up sequentially

    Conde Nast Portfolio - 6/25/09 - View Story

  • STOCKS NEWS US-Markets rise on retailers, home builders

    CNBC - 6/25/09 - View Story

  • STOCKS NEWS US-S&P 500's 910 level seen a critical hurdle

    CNBC - 6/25/09 - View Story

     LEN $11.68 -0.17 (-1.43% )
Average Volume 5,771,290
Shares Outstanding 152.04M
Market Cap 1.8B
Year High 17.66
Year Low 5.54
Earnings Per Share -7.83
P/E Ratio -1.49
Dividend 0.16
Yield 1.37
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