AMREP Reports First Quarter Fiscal 2027 Results

AMREP’s first quarter fiscal 2027 revenue and earnings declined sharply from the prior-year period despite remaining profitable.

Rhea-AI Summary

AMREP (AXR) reported fiscal 2027 first quarter net income of $276,000, or $0.05 per diluted share, for the period ended July 31, 2026.

This compares with net income of $4,692,000, or $0.87 per diluted share, for the same quarter of the prior year. Revenues were $6,051,000 for the first quarter of 2027 versus $17,851,000 a year earlier. Basic earnings per share were $0.05, down from $0.88 in the prior-year quarter. Weighted average basic shares outstanding were 5,337,000 and diluted shares were 5,393,000, compared with 5,326,000 basic and 5,375,000 diluted shares in the prior-year period. The company noted that revenues and margins from land and home sales can vary significantly between periods.

Positive

• Net income of $276,000 for fiscal 2027 first quarter
• Diluted EPS positive at $0.05 for the quarter
• Share count relatively stable with 5,393,000 diluted shares vs. 5,375,000

Negative

• Revenue decline to $6,051,000 from $17,851,000 year over year
• Net income drop to $276,000 from $4,692,000 year over year
• Diluted EPS down to $0.05 from $0.87 in prior-year quarter

Market Context

A prior AMREP fiscal-results release was followed by a 9.13% decline on July 24, 2026; the current q...

Analysis

A prior AMREP fiscal-results release was followed by a 9.13% decline on July 24, 2026; the current quarter also reported lower net income and revenue year over year, making that history relevant without establishing causation.

Key Figures

Net Income: $276,000 Diluted EPS: $0.05 Revenue: $6,051,000

Net Income

$276,000

Q1 FY2027 vs. $4,692,000 in Q1 FY2026

Diluted EPS

$0.05

Q1 FY2027 vs. $0.87 in Q1 FY2026

Revenue

$6,051,000

Q1 FY2027 vs. $17,851,000 in Q1 FY2026

Historical Context

2 past events · Latest: Jul 24

2 events

1. Jul 24

   Fiscal 2026 results

   24h Move

   -9.1%

   Net income and diluted EPS declined despite higher full-year revenue

2. Mar 12

   Q3 FY2026 results

   24h Move

   +4.4%

   Quarterly revenue and net income increased year over year

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Key Terms

form 10-q, diluted share

2 terms

form 10-q regulatory

"financial statements on Form 10-Q which have today been filed"

A Form 10-Q is a detailed report that publicly traded companies are required to file with regulators three times a year, providing an update on their financial health and business activities. It is important for investors because it offers timely insights into a company's performance, helping them make informed decisions about buying or selling stocks. Think of it as a regular check-up report that shows how well a company is doing.

diluted share financial

"or $0.05 per diluted share, for its 2027 fiscal first quarter"

Diluted share count is the total number of company shares that would exist if all potential claims that can become stock—such as employee stock options, warrants and convertible bonds—were exercised or converted. Investors use diluted shares to see a more conservative view of ownership and per-share metrics (like earnings per share), because it’s like slicing a cake into more pieces: the same profit spread over more slices makes each slice smaller.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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HAVERTOWN, Pa., Sept. 11, 2026 (GLOBE NEWSWIRE) -- AMREP Corporation (NYSE:AXR) today reported net income of $276,000, or $0.05 per diluted share, for its 2027 fiscal first quarter ended July 31, 2026 compared to net income of $4,692,000, or $0.87 per diluted share, for the same period of the prior year. Revenues were $6,051,000 for the first quarter of 2027 and $17,851,000 for the first quarter of 2026.

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,
		2026					2025
Revenues		$		6,051,000			$		17,851,000
Net income		$		276,000			$		4,692,000
Income per share – basic		$		0.05			$		0.88
Income per share – diluted		$		0.05			$		0.87
Weighted average number of common shares outstanding – basic				5,337,000					5,326,000
Weighted average number of common shares outstanding – diluted				5,393,000					5,375,000

CONTACT:	Adrienne M. Uleau
	Chief Financial Officer and Vice President
	(610) 487-0907

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What factors does AMREP say can cause its revenues and margins to vary between periods?

The company said revenues, average selling prices and related gross margins from land or home sales can vary significantly based on many factors, including the nature and timing of specific transactions and the type and location of land or homes being sold. It also stated that prior results are not necessarily a good indication of future periods.

Where can investors find AMREP’s full first quarter fiscal 2027 financial statements?

AMREP’s financial performance details are available in its Form 10-Q filed with the Securities and Exchange Commission and on its website at www.amrepcorp.com/sec-filings/.