Quarterly report [Sections 13 or 15(d)]

INVESTMENTS IN UNCONSOLIDATED ENTITIES - Summary of Condensed Financial Information Related to Unconsolidated Equity Method Joint Ventures, Assets Liabilities and Equity (Details)

v3.26.1
INVESTMENTS IN UNCONSOLIDATED ENTITIES - Summary of Condensed Financial Information Related to Unconsolidated Equity Method Joint Ventures, Assets Liabilities and Equity (Details) - USD ($)
$ in Thousands
 3 Months Ended 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Jun. 30, 2026
Jun. 30, 2025
Mar. 31, 2026
Dec. 31, 2025
Mar. 31, 2025
Dec. 31, 2024
Assets                
Real estate $ 5,891,978   $ 5,891,978     $ 5,987,120    
Other assets 1,434,555   1,434,555     1,403,729    
Total assets 7,554,933   7,554,933     7,622,287    
Equity of:                
Meritage 5,057,937 $ 5,269,174 5,057,937 $ 5,269,174 $ 5,093,769 5,195,643 $ 5,194,744 $ 5,141,573
Total liabilities and stockholders’ equity 7,554,933   7,554,933     7,622,287    
Earnings from financial services unconsolidated entities and other, net     2,085 2,164        
Unconsolidated entities                
Equity of:                
Earnings from financial services unconsolidated entities and other, net 4,837 $ 2,186 6,744 $ 3,067        
Equity Method Investment, Nonconsolidated Investee                
Assets                
Real estate 214,181   214,181     181,166    
Other assets 6,299   6,299     6,748    
Total assets 223,827   223,827     191,430    
Liabilities and equity:                
Accounts payable and other liabilities 11,282   11,282     8,448    
Equity of:                
Meritage [1] 58,655   58,655     57,268    
Other 153,890   153,890     125,714    
Total liabilities and stockholders’ equity 223,827   223,827     191,430    
Cash 3,347   3,347     3,516    
Cash $ 3,347   $ 3,347     $ 3,516    
[1] Balance represents Meritage’s interest, as reflected in the financial records of the respective joint ventures. This balance may differ from the balance reported in the accompanying unaudited consolidated financial statements due to the following reconciling items: (i) timing differences for revenue and distributions recognition, (ii) step-up basis and corresponding amortization, (iii) capitalization of interest on qualified assets, (iv) income deferrals as discussed in Note (2) below and (v) the cessation of allocation of losses from joint ventures in which we have previously written down our investment balance to zero and where we have no commitment to fund additional losses.