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Hovnanian Enterprises, Inc. HOV Southeast — Impairment Of Real Estate

Other geography segments

West
$7.9M+51.9%

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Other financials

Income statement

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Revenue$667.6M-2.7%
Net income-$284.0K-101%
EPS (diluted)-$0.46-119%

Balance sheet

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Cash & equivalents$8.8M-28.5%
Total debt$942.7M+6.2%
Total equity$824.9M+0.6%
Total assets$2.8B+10.8%

Cash flow

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Operating cash flow$140.9M+352%
CapEx$3.4M-46.9%
Free cash flow$132.1M+322%

Valuation

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Market cap$831.54M+50.5%
Enterprise value$1.77B+23.7%
P/E22.4×+19.8×
P/S0.3×+0.1×

Profitability

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Net margin1.3%-5.8pp
FCF margin12.2%+10.9pp

Returns & leverage

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Return on equity4.5%-24.8pp
Debt / equity1.1×+0.1×

Where this comes from

Reported directly by Hovnanian Enterprises, Inc. in its filing.

Tagged under the XBRL concept us-gaap:ImpairmentOfRealEstate.

The official record: Hovnanian Enterprises, Inc.’s 10-K, filed December 22, 2025, on SEC EDGAR. View the filing →

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Questions, answered.

What is Hovnanian Enterprises, Inc.'s southeast — impairment of real estate?
Hovnanian Enterprises, Inc. (HOV) reported southeast — impairment of real estate of $275K in Q3 2025.
What is the long-term trend for Hovnanian Enterprises, Inc.'s southeast — impairment of real estate?
Over 3 years (2021 to 2025), Hovnanian Enterprises, Inc.'s southeast — impairment of real estate has grown at a -2.9% compound annual growth rate (CAGR), from $1.2M to $1.1M.
What does southeast — impairment of real estate mean?
Represents the non-cash charge taken to write down the carrying value of real estate assets in the Southeast segment when their market value falls. This metric signals potential overvaluation of land or inventory and reflects regional market downturns.