Item 16. Form 10-K Summary

None.

SIGNATURES

Pursuant to the requirements of Section 13 or 15(d) of the Securities Exchange Act of 1934, the registrant has duly caused this Report to be signed on its behalf by the undersigned, thereunto duly authorized.


			LENNAR CORPORATION

			/S/ STUART MILLER
			Stuart Miller
			Executive Chairman and Chief Executive Officer
			Date:			January 28, 2026

Pursuant to the requirements of the Securities Exchange Act of 1934, this Report has been signed below by the following persons on behalf of the registrant and in the capacities and on the dates indicated:


Principal Executive Officer:

Stuart Miller	/S/ STUART MILLER
Executive Chairman, Chief Executive Officer and Director	Date:	January 28, 2026



Principal Financial Officer:

Diane Bessette	/S/ DIANE BESSETTE
Vice President and Chief Financial Officer	Date:	January 28, 2026

Principal Accounting Officer:

David Collins	/S/ DAVID COLLINS
Vice President and Controller	Date:	January 28, 2026

Directors:

Amy Banse	/S/ AMY BANSE
	Date:	January 28, 2026

Theron I. ("Tig") Gilliam, Jr.	/S/ THERON I. ("TIG") GILLIAM, JR.
	Date:	January 28, 2026

Sherrill W. Hudson	/S/ SHERRILL W. HUDSON
	Date:	January 28, 2026




Teri McClure	/S/ TERI MCCLURE
	Date:	January 28, 2026




Armando Olivera	/S/ ARMANDO OLIVERA
	Date:	January 28, 2026

Dacona Smith	/S/ DACONA SMITH
	Date:	January 28, 2026

Jeffrey Sonnenfeld	/S/ JEFFREY SONNENFELD
	Date:	January 28, 2026

Serena Wolfe	/S/ SERENA WOLFE
	Date:	January 28, 2026

LENNAR CORPORATION AND SUBSIDIARIES

Schedule II—Valuation and Qualifying Accounts

Years Ended November 30, 2025, 2024 and 2023


			Additions
(In thousands)	Beginning balance		Charged to costs and expenses	Charged (credited) to other accounts	Deductions	Ending balance
Year ended November 30, 2025
Allowances deducted from assets to which they apply:
Allowance for credit losses against notes and other receivables	$	2,399	907	(2,477)	—	829
Allowance for loan losses against loans receivable	$	11,938	490	1,355	(9,623)	4,160
Allowance against net deferred tax assets	$	2,593	7	—	(54)	2,546
Year ended November 30, 2024
Allowances deducted from assets to which they apply:
Allowance for credit losses against notes and other receivables	$	2,374	677	(652)	—	2,399
Allowance for loan losses against loans receivable	$	15,414	174	—	(3,650)	11,938
Allowance against net deferred tax assets	$	2,333	268	—	(8)	2,593
Year ended November 30, 2023
Allowances deducted from assets to which they apply:
Allowance for credit losses against notes and other receivables	$	2,179	274	(79)	—	2,374
Allowance for loan losses against loans receivable	$	11,130	5,419	—	(1,135)	15,414
Allowance against net deferred tax assets	$	2,903	89	—	(659)	2,333

Previous: Item 15. Exhibit and Financial Statement Schedules.