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

· 03/17/2021 15:15
BRIEF-Lennar Exec Says Co Focusing On Tax-Free Spin-Off Of Businesses To Focus On Homebuilding, Financial Services- Conf Call

- Lennar Corp LEN.N:

  • 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: LEN.N


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