What does southeast west — impairment of real estate mean?

This metric quantifies the total non-cash charge recognized to reduce the carrying value of real estate assets in the Southeast West segment to their estimated fair value. It reflects the financial impact of downward valuation adjustments on land and housing inventory, often driven by shifts in local housing demand or rising development costs. This figure is a critical indicator of asset quality and the effectiveness of capital allocation within the regional portfolio.

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

Other geography segments

West

$7.9M+51.9%

Southeast

$1.1M—

Similar metrics at other companies

TMHCEast and West Segments — Real estate impairment charges

$7.2M—

DFHSoutheast — Inventory and lot deposit impairment

$1.43M+850%

BZHSoutheast — Inventory impairments and abandonments

$0—

LGIHWest — Inventory impairment

$2.4M—

UDRSoutheast Region — Real Estate And Accumulated Depreciation Carrying Amount Of Buildings And Improvements

$1.59B+2.0%

MHOImpairment Of Real Estate

$11.92M—

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-Q, filed June 2, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Hovnanian Enterprises, Inc.'s southeast west — impairment of real estate?: Hovnanian Enterprises, Inc. (HOV) reported southeast west — impairment of real estate of $5.3M in Q1 2026.
What does southeast west — impairment of real estate mean?: This metric quantifies the total non-cash charge recognized to reduce the carrying value of real estate assets in the Southeast West segment to their estimated fair value. It reflects the financial impact of downward valuation adjustments on land and housing inventory, often driven by shifts in local housing demand or rising development costs. This figure is a critical indicator of asset quality and the effectiveness of capital allocation within the regional portfolio.