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REAL ESTATE INVENTORY

9 Months Ended

Jan. 31, 2025

REAL ESTATE INVENTORY

REAL ESTATE INVENTORY

(2)         REAL ESTATE INVENTORY

Real estate inventory consists of (in thousands):

​

​	​	​	​	​	​	​
​	​	January 31,		​	April 30,
​		2025			2024
Land inventory in New Mexico	​	$	53,345	​	$	57,527
Homebuilding model inventory	​	​	6,519	​	​	4,138
Homebuilding construction in process	​	​	5,238	​	​	4,318
Total	​	$	65,102	​	$	65,983

​

Refer to Note 2 to the consolidated financial statements contained in the 2024 Form 10-K for detail regarding real estate inventory. No interest was capitalized in real estate inventory for the three or nine months ended January 31, 2025 or January 31, 2024. Loan costs and real estate taxes capitalized in real estate inventory were $24,000 and $71,000 for the three and nine months ended January 31, 2025 and $24,000 and $41,000 for the three and nine months ended January 31, 2024.

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- References

No definition available.

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- Definition

The entire disclosure for certain real estate investment financial statements, real estate investment trust operating support agreements, real estate owned, retail land sales, time share transactions, as well as other real estate related disclosures.

+ References

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