Hovnanian Enterprises, Inc. HOV Northeast — Operating Lease Lease Income
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Where this comes from
Reported directly by Hovnanian Enterprises, Inc. in its filing.
Tagged under the XBRL concept us-gaap:OperatingLeaseLeaseIncome.
The source filing: Hovnanian Enterprises, Inc.’s 10-Q, filed March 2, 2026.
- Filed
- Mar 2, 2026, 5:01 PM EST
- Fiscal quarter
- Q1 FY2026
- Calendar quarter
- Q1 2026
- Accession
- 0001753926-26-000412
Operating right-of-use lease assets ("ROU assets") are included in "Prepaid expenses and other assets" on our Condensed Consolidated Balance Sheets, while lease liabilities are included in "Accounts payable and other liabilities." During the three months ended January 31, 2026, we had an increase to ROU assets of $10.9 million and an increase to lease liabilities of $13.7 million primarily as a result of new leases and lease renewals, adjusted for lease incentives, that commenced during the period. During the three months ended January 31, 2026, we recognized $4.9 million of income included in "Other (income) expense, net" in our Condensed Consolidated Statements of Operations, due to the receipt of an early termination fee to leave office space in the Northeast segment before the lease maturity date. The following table contains additional information about our leases:
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FAQ
- What is Hovnanian Enterprises, Inc.'s northeast — operating lease lease income?
- Hovnanian Enterprises, Inc. (HOV) reported northeast — operating lease lease income of $4.9M in Q4 2025.
- What does northeast — operating lease lease income mean?
- This metric represents the net change in operating lease liabilities within the specified geographic segment. It reflects the financial impact of lease obligations related to real estate or equipment used in regional homebuilding operations. Monitoring this helps assess the segment's long-term fixed commitment profile and capital structure.
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