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Hovnanian Enterprises, Inc. HOV Southeast — Preimpairment Value

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GBDCSoutheast — Fair Value:
19.9%+0.5pp
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FBRTSoutheast — Par Value
$1.73B-10.5%
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GBDCSoutheast — Investments, at fair value
$1.64B-0.3%
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MAINSoutheast — Investments at fair value:
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OCSLSoutheast — Investments at fair value
$401.1M+5.5%
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CSWCSoutheast — Investments at fair value
$421.73M+33.9%

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$807.34M+3.6%
Enterprise value$1.74B+5.2%
P/E21.7×+16.8×
P/S0.3×0.0×

Profitability

See full
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 hov:PreimpairmentValue.

The source filing: Hovnanian Enterprises, Inc.’s 10-K, filed December 22, 2025.

Filed
Dec 22, 2025, 4:14 PM EST
Fiscal year
FY2025
Accession
0001753926-25-001938
(Dollars in millions)Year Ended October 31, 2025 / Number of / CommunitiesYear Ended October 31, 2025 / Dollar / Amount of / ImpairmentYear Ended October 31, 2025 / Pre- / Impairment / Value (1)
Northeast6$12.4$39.8
Southeast11.14.0
West57.931.6
Total12$21.4$75.4

ITEM 7A

FAQ

What is Hovnanian Enterprises, Inc.'s southeast — preimpairment value?
Hovnanian Enterprises, Inc. (HOV) reported southeast — preimpairment value of $1M in Q3 2025.
What is the long-term trend for Hovnanian Enterprises, Inc.'s southeast — preimpairment value?
Over 3 years (2021 to 2025), Hovnanian Enterprises, Inc.'s southeast — preimpairment value has grown at a -24.2% compound annual growth rate (CAGR), from $9.2M to $4M.
What does southeast — preimpairment value mean?
Represents the carrying value of real estate assets within the Southeast segment prior to the recognition of any impairment charges. This metric provides insight into the gross asset valuation before accounting adjustments for declines in market value. It is a critical indicator for assessing the underlying asset base health and potential exposure to future write-downs.

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