Lennar Corp. - Ordinary Shares - Class A

NYSE:LEN  
108.11
+2.41 (+2.28%)
4:00:00 PM EDT: $107.96 -0.15 (-0.14%)
Debt Financing / Related, Divestitures / Spin-offs, Other Pre-Announcement

Lennar Exec Says Co Focusing On Tax-Free Spin-Off Of Businesses To Focus On Homebuilding, Financial Services- Conf Call

Published: 03/17/2021 19:21 GMT
Lennar Corp. - Ordinary Shares - Class A (LEN) - Lennar Corp Exec Says Seemingly Resolution of Pandemic is Not Slowing Demand-conf Call.
Lennar Exec Says Supply of New and Exisiting Homes Remains Constrained.
Lennar Exec Says Interest Rates Have Moved Higher, Home Prices Have Moved Higher, Overall Affordability Remains Strong.
Lennar Exec Says Co Focusing on Tax-free Spin-off of Businesses to Focus on Homebuilding and Financial Services.
Lennar Exec Says "historically Low Cancellation Rates" in Q1 Indicate Buyers Have Required Down Payment, Mortgage Qualifications to Purchase New Home.
Lennar Exec Expects Additional Cost Increases From Lumber Throughout the Year.
Lennar Exec Says Co to Create Single-family Rental Platform That Will Initially Be Capitalized With Total Equity Commitment of $1.25 Billion.
Lennar Exec Says Expected Size of Spun Enterprise Would Be Between $3 Billion and $5 Billion in Asset Base, With No Debt.
Further Company Coverage: Lenn ((reuters.
Briefs@thomsonreuters.
Com;)).