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AMREP Corporation reports recurring financial results and real estate operating updates for a land development and homebuilding business centered in New Mexico. Through subsidiaries, the company holds land, develops real estate, sells developed and undeveloped lots to homebuilders, commercial users and other buyers, and builds homes.
Company news commonly covers quarterly and annual earnings, revenue, net income and per-share results, along with the timing and mix of land sales and home sales. Updates also address property transactions and the factors that can cause selling prices and gross margins to vary by transaction type and location.
AMREP (NYSE:AXR) reported strong third quarter fiscal 2026 results for the period ended January 31, 2026. Q3 revenue rose to $14.57M and net income was $3.15M ($0.58 diluted EPS), versus $7.52M revenue and $0.72M net in Q3 2025.
For the first nine months, revenues were $41.82M with net income of $9.04M ($1.68 diluted EPS). The company noted land and home sales mix and timing can cause period-to-period variability.
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.
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