Lennar Valuation adjustments and write-offs of option deposits and pre-acquisition costs on real estate, and other assets decreased by 61.6% to $38.13M in Q4 2025 compared to the prior quarter. Year-over-year, this metric grew by 34.9%, from $28.26M to $38.13M. Over 4 years (FY 2021 to FY 2025), Valuation adjustments and write-offs of option deposits and pre-acquisition costs on real estate, and other assets shows an upward trend with a 75.9% CAGR. This is a positive signal — lower values indicate better performance for this metric.
An increase suggests potential over-investment in projects that are no longer viable or a softening in regional real estate markets.
This represents non-cash charges taken to reduce the carrying value of land options, pre-acquisition costs, or other rea...
Common in homebuilding and real estate development; peers report these as impairment charges or valuation adjustments.
operating_valuation_adjustmentsand_writeoffsof_option_de_04c46e| Q2 '21 | Q3 '21 | Q4 '21 | Q1 '22 | Q2 '22 | Q3 '22 | Q4 '22 | Q1 '23 | Q2 '23 | Q3 '23 | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | $12.94M | $2.44M | $9.68M | $11.51M | $3.10M | $12.64M | $83.45M | $25.85M | $59.27M | $11.33M | $28.89M | $6.61M | $19.92M | $99.25M | $17.49M | $28.26M | $61.47M | $57.17M | $99.33M | $38.13M |
| QoQ Change | — | -81.1% | +295.9% | +18.9% | -73.0% | +307.4% | +560.4% | -69.0% | +129.3% | -80.9% | +154.9% | -77.1% | +201.4% | +398.3% | -82.4% | +61.6% | +117.5% | -7.0% | +73.8% | -61.6% |
| YoY Change | — | — | — | — | -76.0% | +417.0% | +762.4% | +124.6% | >999% | -10.3% | -65.4% | -74.4% | -66.4% | +775.7% | -39.5% | +327.6% | +208.6% | -42.4% | +468.0% | +34.9% |