Welcome to our dedicated page for AMREP news (Ticker: AXR), a resource for investors and traders seeking the latest updates and insights on AMREP stock.
AMREP Corporation (NYSE: AXR) generates a regular flow of corporate news centered on its real estate operations, financial performance and shareholder matters. Through its subsidiaries, the company is involved in land sales and lease activities, investments in commercial and investment properties and homebuilding, and it describes itself as a major holder of land, developer of real estate and homebuilder in New Mexico.
News releases from AMREP commonly report its results of operations for specific fiscal quarters and fiscal years. These announcements, often furnished to the SEC on Form 8-K, provide information on revenues, net income and earnings per share for the reported periods. The company also highlights that revenues, average selling prices and gross margins from land sales and home sales can vary significantly from period to period due to the nature and timing of transactions and the type and location of properties sold.
In addition to earnings-related updates, AMREP issues news about corporate and financing developments. For example, the company has reported on modifications to its revolving line of credit financing facility between BOKF, NA dba Bank of Albuquerque and AMREP Southwest Inc., a subsidiary of AMREP Corporation. Such announcements describe changes to the loan’s maturity date and borrowing capacity and note that the facility is for general corporate purposes.
AMREP’s communications also cover governance and shareholder topics, including notices and outcomes of its annual meeting of shareholders as described in its proxy materials. Readers following AXR news can use this page to review earnings press releases, information on financing arrangements and updates on shareholder votes and other corporate actions, all drawn from the company’s public disclosures.
AMREP (NYSE:AXR) reported results for the fiscal second quarter ended October 31, 2025 and the six months ended October 31, 2025. Q2 net income was $1.2M or $0.22 diluted EPS versus $4.042M and $0.75 EPS in Q2 2024. Q2 revenue was $9.398M compared with $11.906M a year earlier.
For the six months, AMREP reported $5.892M net income, $1.09 diluted EPS, and $27.250M revenue versus $8.106M, $1.51 EPS, and $30.997M a year earlier. The company noted variability in land and home sales by timing, type, and location. The Form 10-Q has been filed and is available on AMREP's website.
AMREP Corporation (NYSE:AXR) reported its fiscal 2026 first quarter results, showing improved profitability despite lower revenues. The company achieved net income of $4.69 million ($0.87 per diluted share) for Q1 2026, up from $4.06 million ($0.76 per diluted share) in Q1 2025.
Revenues decreased to $17.85 million in Q1 2026 from $19.09 million in the same period last year. The company, a major landholder and real estate developer in New Mexico, noted that revenues and margins can vary significantly between periods due to factors including transaction timing and the type and location of properties being sold.
AMREP Corporation (NYSE:AXR) reported strong financial results for fiscal year 2025. The company achieved net income of $12.7 million ($2.37 per diluted share), nearly doubling from $6.7 million ($1.25 per diluted share) in fiscal 2024.
Revenue slightly decreased to $49.7 million in fiscal 2025 from $51.4 million in the previous year. The company, a major landholder and real estate developer in New Mexico, noted that revenues and margins can vary significantly between periods due to the nature of specific transactions and types of properties being sold.
AMREP (NYSE:AXR) reported its fiscal 2025 third quarter results, showing significant improvement in financial performance. The company achieved net income of $717,000 ($0.13 per diluted share) for Q3 2025, compared to $92,000 ($0.02 per diluted share) in the same period last year.
For the first nine months of 2025, net income reached $8,823,000 ($1.64 per diluted share), up substantially from $2,546,000 ($0.48 per diluted share) in 2024. Revenues were $7,520,000 in Q3 2025, down from $12,689,000 in Q3 2024. However, nine-month revenues increased to $38,516,000 from $31,833,000 year-over-year.
AMREP, a major landholder and leading real estate developer in New Mexico, notes that revenues and margins can vary significantly between periods due to factors including transaction timing and the type and location of land or homes being sold.
AMREP (NYSE:AXR) reported strong financial results for its fiscal 2025 second quarter. Net income reached $4,042,000 ($0.75 per diluted share), compared to $1,108,000 ($0.21 per diluted share) in the same period last year. Revenues increased to $11,906,000 from $8,854,000 year-over-year.
For the first six months of 2025, net income was $8,106,000 ($1.51 per diluted share), up from $2,454,000 ($0.46 per diluted share) in 2024. Six-month revenues grew to $30,997,000 from $19,143,000 in the previous year. The company, a major land holder and real estate developer in New Mexico, notes that revenues and margins can vary significantly between periods due to transaction timing and property characteristics.
AMREP (NYSE:AXR) reported strong financial results for its 2025 fiscal first quarter ended July 31, 2024. The company's net income surged to $4,064,000, or $0.76 per diluted share, compared to $1,346,000, or $0.25 per diluted share, in the same period last year. Revenues nearly doubled to $19,091,000 from $10,289,000 year-over-year.
As a major landholder and leading real estate developer in New Mexico, AMREP's performance can vary significantly between periods due to factors such as transaction timing and the type and location of properties sold. The company filed its Form 10-Q with the SEC, providing more detailed financial information.
AMREP (NYSE:AXR) reported net income of $6,690,000, or $1.25 per diluted share, for fiscal year 2024 ended April 30, 2024. This compares to net income of $21,790,000, or $4.11 per diluted share, for the previous year. Revenues increased to $51,369,000 in fiscal 2024 from $48,676,000 in fiscal 2023.
The 2024 results included $7,200,000 revenue from a property sale in Brighton, Colorado. The 2023 results had included a non-cash income tax benefit of $16,071,000 and a non-cash pre-tax pension settlement expense of $7,597,000. AMREP, through its subsidiaries, is a major landholder and real estate developer in New Mexico.
Summary not available.
Summary not available.
Summary not available.
FAQ
What is the current stock price of AMREP (AXR)?
What is the market cap of AMREP (AXR)?
