AMREP Reports First Quarter Fiscal 2026 Results
AMREP Corporation (NYSE:AXR) reported its fiscal 2026 first quarter results, showing improved profitability despite lower revenues.
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Rhea-AI Summary
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.
Positive
- Net income increased 15.5% year-over-year to $4.69 million
- Earnings per diluted share grew 14.5% to $0.87
- Maintained strong profitability despite revenue decline
Negative
- Revenue decreased 6.5% year-over-year to $17.85 million
Details
News Market Reaction – AXR
On Sep 10, the first trading day after this news, AXR closed 4.45% above the previous close.
Data tracked by StockTitan Argus for the Sep 10 session.
AI-generated analysis. How Rhea-AI works. Not financial advice.
HAVERTOWN, Pa., Sept. 09, 2025 (GLOBE NEWSWIRE) -- AMREP Corporation (NYSE:AXR) today reported net income of
More information about the Company’s financial performance may be found in AMREP Corporation’s financial statements on Form 10-Q which have today been filed with the Securities and Exchange Commission and will be available on AMREP’s website (www.amrepcorp.com/sec-filings/). As a result of many factors, including the nature and timing of specific transactions and the type and location of land or homes being sold, revenues, average selling prices and related gross margins from land sales or home sales can vary significantly from period to period and prior results are not necessarily a good indication of what may occur in future periods.
AMREP Corporation, through its subsidiaries, is a major holder of land, leading developer of real estate and award-winning homebuilder in New Mexico.
| FINANCIAL HIGHLIGHTS | ||||||
| Three Months Ended July 31, | ||||||
| 2025 | 2024 | |||||
| Revenues | $ | 17,851,000 | $ | 19,091,000 | ||
| Net income | $ | 4,692,000 | $ | 4,064,000 | ||
| Earnings per share – basic | $ | 0.88 | $ | 0.77 | ||
| Earnings per share – diluted | $ | 0.87 | $ | 0.76 | ||
| Weighted average number of common shares outstanding – basic | 5,326,000 | 5,309,000 | ||||
| Weighted average number of common shares outstanding – diluted | 5,375,000 | 5,353,000 | ||||
| CONTACT: | Adrienne M. Uleau |
| Chief Financial Officer and Vice President | |
| (610) 487-0907 |
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