The following tables reflect the changes in equity attributable to both Lennar Corporation and the noncontrolling interests of its consolidated subsidiaries in which it has less than a 100% ownership interest for the three and six months ended May 31, 2026 and 2025:


	Three Months Ended May 31, 2026
(In thousands)	Total Equity		Class A Common Stock	Class B Common Stock	Additional Paid-in Capital	Treasury Stock	Accumulated Other Comprehensive Income	Retained Earnings	Noncontrolling Interests
Balance at February 28, 2026	$	22,032,263	26,319	3,660	5,993,733	(6,727,316)	5,606	22,577,374	152,887
Net earnings (including net earnings attributable to noncontrolling interests)	308,129		—	—	—	—	—	304,772	3,357
Employee stock and directors plans	(15,489)		(10)	—	302	(15,781)	—	—	—

Purchases of treasury stock	(451,305)		—	—	—	(451,305)	—	—	—




Amortization of restricted stock	26,271		—	—	26,271	—	—	—	—
Cash dividends	(123,057)		—	—	—	—	—	(123,057)	—

Receipts related to noncontrolling interests	1,460		—	—	—	—	—	—	1,460
Payments related to noncontrolling interests	(15,700)		—	—	—	—	—	—	(15,700)

Non-cash purchase or activity of noncontrolling interests, net	3,084		—	—	—	—	—	—	3,084



Total other comprehensive income, net of tax	70		—	—	—	—	70	—	—
Balance at May 31, 2026	$	21,765,726	26,309	3,660	6,020,306	(7,194,402)	5,676	22,759,089	145,088


	Three Months Ended May 31, 2025
(In thousands)	Total Equity		Class A Common Stock	Class B Common Stock	Additional Paid-in Capital	Treasury Stock	Accumulated Other Comprehensive Income (Loss)	Retained Earnings	Noncontrolling Interests
Balance at February 28, 2025	$	22,867,344	26,133	3,660	5,812,802	(4,424,039)	7,351	21,302,131	139,306
Net earnings (including net earnings attributable to noncontrolling interests)	481,820		—	—	—	—	—	477,449	4,371
Employee stock and directors plans	722		3	—	1,157	(438)	—	—	—

Purchases of treasury stock	(520,981)		—	—	—	(520,981)	—	—	—



Amortization of restricted stock	28,773		—	—	28,773	—	—	—	—
Cash dividends	(133,589)		—	—	—	—	—	(133,589)	—

Receipts related to noncontrolling interests	9,701		—	—	—	—	—	—	9,701
Payments related to noncontrolling interests	(576)		—	—	—	—	—	—	(576)




Total other comprehensive loss, net of tax	(1,332)		—	—	—	—	(1,332)	—	—
Balance at May 31, 2025	$	22,731,882	26,136	3,660	5,842,732	(4,945,458)	6,019	21,645,991	152,802


	Three Months Ended May 31,								Six Months Ended May 31,

	2026				2025				2026				2025
(Dollars in thousands, except price per share amounts)	Class A		Class B		Class A		Class B		Class A		Class B		Class A		Class B
Shares repurchased	4,335,241		664,759		4,501,936		204,515		6,172,126		827,874		9,271,936		663,320
Total purchase price	$	388,784	$	57,954	$	495,230	$	21,504	$	608,055	$	75,770	$	1,139,849	$	79,625
Average price per share	$	89.68	$	87.18	$	110.00	$	105.15	$	98.52	$	91.52	$	122.94	$	120.04