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 nine months ended August 31, 2026 and 2025:


	Three Months Ended August 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 May 31, 2026	$	21,765,726	26,309	3,660	6,020,306	(7,194,402)	5,676	22,759,089	145,088
Net earnings (including net earnings attributable to noncontrolling interests)	285,487		—	—	—	—	—	283,876	1,611
Employee stock and directors plans	3,611		3	—	409	3,199	—	—	—

Purchases of treasury stock	(259,103)		—	—	—	(259,103)	—	—	—




Amortization of restricted stock	29,259		—	—	29,259	—	—	—	—
Cash dividends	(119,401)		—	—	—	—	—	(119,401)	—

Receipts related to noncontrolling interests	1,662		—	—	—	—	—	—	1,662
Payments related to noncontrolling interests	(10,900)		—	—	—	—	—	—	(10,900)





Total other comprehensive income, net of tax	79		—	—	—	—	79	—	—
Balance at August 31, 2026	$	21,696,420	26,312	3,660	6,049,974	(7,450,306)	5,755	22,923,564	137,461


	Three Months Ended August 31, 2025
(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 May 31, 2025	$	22,731,882	26,136	3,660	5,842,732	(4,945,458)	6,019	21,645,991	152,802
Net earnings (including net earnings attributable to noncontrolling interests)	599,811		—	—	—	—	—	590,967	8,844
Employee stock and directors plans	15,563		17	—	16,291	(745)	—	—	—

Purchases of treasury stock	(511,673)		—	—	—	(511,673)	—	—	—



Amortization of restricted stock	25,505		—	—	25,505	—	—	—	—
Cash dividends	(129,122)		—	—	—	—	—	(129,122)	—

Receipts related to noncontrolling interests	4,953		—	—	—	—	—	—	4,953
Payments related to noncontrolling interests	(1,812)		—	—	—	—	—	—	(1,812)

Non-cash purchase or activity of noncontrolling interests, net	16,448		—	—	—	—	—	—	16,448


Balance at August 31, 2025	$	22,751,555	26,153	3,660	5,884,528	(5,457,876)	6,019	22,107,836	181,235


	Three Months Ended August 31,								Nine Months Ended August 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	2,634,878		365,122		3,931,000		188,066		8,807,004		1,192,996		13,202,936		851,386
Total purchase price	$	225,693	$	30,785	$	484,372	$	22,154	$	833,747	$	106,555	$	1,624,220	$	101,779
Average price per share	$	85.66	$	84.31	$	123.22	$	117.80	$	94.67	$	89.32	$	123.02	$	119.55