2024 Fourth Quarter Highlights– comparisons to the prior year quarter

Net earnings per diluted share of $4.06 ($4.03, excluding mark-to-market gains on technology investments)Net earnings of $1.1 billionNew orders decreased 3% to 16,895 homes; new orders dollar value decreased 1% to $7.2 billionBacklog of 11,633 homes with a dollar value of $5.4 billionDeliveries decreased 7% to 22,206 homesTotal revenues of $9.9 billionHomebuilding operating earnings of $1.5 billionGross margin on home sales of 22.1%S,G&A expenses as a % of revenues from home sales of 7.2%Net margin on home sales of 14.9%Financial Services operating earnings of $154 millionMultifamily operating loss of $0.2 millionLennar Other operating earnings of $0.5 millionHomebuilding cash and cash equivalents of $4.7 billionYears supply of owned homesites of 1.1 years and controlled homesites of 82%No outstanding borrowings under the Company's $2.9 billion revolving credit facilityHomebuilding debt to total capital of 7.5%Repurchased 3 million shares of Lennar common stock for $521 millionIn November 2024, the Company entered into a definitive agreement to acquire Rausch Coleman Homes, a residential homebuilder, which is expected to close in the first quarter of 2025