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AMREP Reports Fiscal 2025 Results

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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 Corporation (NYSE:AXR) ha riportato solidi risultati finanziari per l'anno fiscale 2025. La società ha raggiunto un utile netto di 12,7 milioni di dollari (2,37 dollari per azione diluita), quasi raddoppiando rispetto ai 6,7 milioni di dollari (1,25 dollari per azione diluita) dell'anno fiscale 2024.

I ricavi sono leggermente diminuiti a 49,7 milioni di dollari nell'anno fiscale 2025 rispetto ai 51,4 milioni dell'anno precedente. La società, uno dei principali proprietari terrieri e sviluppatori immobiliari nel New Mexico, ha sottolineato che ricavi e margini possono variare significativamente tra i periodi a causa della natura delle specifiche transazioni e dei tipi di proprietà vendute.

AMREP Corporation (NYSE:AXR) reportó sólidos resultados financieros para el año fiscal 2025. La compañía alcanzó un ingreso neto de 12,7 millones de dólares (2,37 dólares por acción diluida), casi duplicando los 6,7 millones de dólares (1,25 dólares por acción diluida) del año fiscal 2024.

Los ingresos disminuyeron ligeramente a 49,7 millones de dólares en el año fiscal 2025 desde los 51,4 millones del año anterior. La empresa, un importante propietario de tierras y desarrollador inmobiliario en Nuevo México, señaló que los ingresos y márgenes pueden variar significativamente entre periodos debido a la naturaleza de las transacciones específicas y los tipos de propiedades vendidas.

AMREP Corporation (NYSE:AXR)는 2025 회계연도에 강력한 재무 실적을 보고했습니다. 회사는 순이익 1,270만 달러(희석 주당 2.37달러)를 기록했으며, 이는 2024 회계연도의 670만 달러(희석 주당 1.25달러)에서 거의 두 배 증가한 수치입니다.

매출은 2025 회계연도에 4,970만 달러로 전년도의 5,140만 달러에서 다소 감소했습니다. 뉴멕시코의 주요 토지 소유주이자 부동산 개발업체인 이 회사는 특정 거래 및 판매되는 부동산 유형의 특성으로 인해 매출과 마진이 기간별로 크게 변동할 수 있다고 밝혔습니다.

AMREP Corporation (NYSE:AXR) a annoncé de solides résultats financiers pour l'exercice 2025. La société a enregistré un bénéfice net de 12,7 millions de dollars (2,37 dollars par action diluée), soit près du double des 6,7 millions de dollars (1,25 dollar par action diluée) de l'exercice 2024.

Le chiffre d'affaires a légèrement diminué à 49,7 millions de dollars pour l'exercice 2025, contre 51,4 millions l'année précédente. L'entreprise, un important propriétaire foncier et promoteur immobilier au Nouveau-Mexique, a souligné que les revenus et les marges peuvent varier considérablement d'une période à l'autre en raison de la nature des transactions spécifiques et des types de propriétés vendues.

AMREP Corporation (NYSE:AXR) meldete starke Finanzergebnisse für das Geschäftsjahr 2025. Das Unternehmen erzielte einen Nettoertrag von 12,7 Millionen US-Dollar (2,37 US-Dollar je verwässerter Aktie), was nahezu einer Verdopplung gegenüber 6,7 Millionen US-Dollar (1,25 US-Dollar je verwässerter Aktie) im Geschäftsjahr 2024 entspricht.

Der Umsatz sank leicht auf 49,7 Millionen US-Dollar im Geschäftsjahr 2025 gegenüber 51,4 Millionen im Vorjahr. Das Unternehmen, ein bedeutender Grundstückseigentümer und Immobilienentwickler in New Mexico, wies darauf hin, dass Umsätze und Margen zwischen den Perioden aufgrund der Art der einzelnen Transaktionen und der verkauften Immobilientypen erheblich schwanken können.

Positive
  • Net income increased by 90% to $12.7 million in FY2025
  • Earnings per diluted share grew 89.6% to $2.37
  • Strong profitability despite slight revenue decline
Negative
  • Revenue decreased 3.3% to $49.7 million in FY2025
  • Company warns of potential significant variations in future revenues and margins

Insights

AMREP doubled profits despite slight revenue decline, showing remarkable operational efficiency improvement and significantly higher profit margins.

AMREP Corporation has delivered exceptional profit growth in fiscal 2025, with net income soaring to $12.72 million ($2.37 per diluted share), representing a substantial 90% increase from the $6.69 million ($1.25 per diluted share) reported in fiscal 2024. This impressive bottom-line performance occurred despite a marginal 3.3% year-over-year revenue decline from $51.37 million to $49.69 million.

The company's profit margin has dramatically improved, jumping from 13% to 25.6% of revenue. This 96.9% improvement in profit margin efficiency signals a fundamental enhancement in AMREP's operational model, likely through better cost management, higher-margin property sales, or improved operational efficiency.

As a real estate developer and homebuilder with significant land holdings in New Mexico, AMREP's financial performance is inherently lumpy due to the timing and nature of real estate transactions. The company explicitly cautions that revenues, prices, and margins can vary significantly between periods due to transaction timing, property types, and locations. This variability makes the profit surge even more noteworthy, suggesting the company likely completed several high-margin transactions during fiscal 2025.

The increase in diluted shares outstanding was minimal (from 5.347 million to 5.369 million), indicating the earnings growth is genuine operational improvement rather than financial engineering. The substantial earnings per share growth reflects real value creation for shareholders.

HAVERTOWN, Pa., July 25, 2025 (GLOBE NEWSWIRE) -- AMREP Corporation (NYSE:AXR) today reported net income of $12,716,000, or $2.37 per diluted share, for its 2025 fiscal year ended April 30, 2025 compared to net income of $6,690,000, or $1.25 per diluted share, for the same period of the prior year. Revenues were $49,694,000 for fiscal 2025 and $51,369,000 for fiscal 2024.

More information about the Company’s financial performance in 2025 and 2024 may be found in AMREP Corporation’s financial statements on Form 10-K 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
   
  Twelve Months Ended April 30,
  2025 2024
Revenues $49,694,000 $51,369,000
     
Net income $12,716,000 $6,690,000
     
Income per share – basic $2.39 $1.26
Income per share – diluted $2.37 $1.25
     
Weighted average number of common shares outstanding – basic  5,318,000  5,300,000
Weighted average number of common shares outstanding – diluted  5,369,000  5,347,000


FOR:AMREP Corporation
850 West Chester Pike, Suite 205
Havertown, PA 19083
  
CONTACT:Adrienne M. Uleau
Chief Financial Officer and Vice President
(610) 487-0907

FAQ

What was AMREP's (AXR) net income for fiscal year 2025?

AMREP reported net income of $12.7 million ($2.37 per diluted share) for fiscal year 2025, compared to $6.7 million ($1.25 per diluted share) in fiscal 2024.

How did AMREP's revenue perform in fiscal 2025 compared to 2024?

AMREP's revenue slightly decreased to $49.7 million in fiscal 2025 from $51.4 million in fiscal 2024, representing a 3.3% decline.

What was AMREP's earnings per share (EPS) for fiscal 2025?

AMREP reported earnings per share of $2.37 (diluted) and $2.39 (basic) for fiscal 2025, up from $1.25 (diluted) and $1.26 (basic) in fiscal 2024.

What is AMREP's main business focus?

AMREP is a major holder of land and leading developer of real estate in New Mexico, operating as an award-winning homebuilder through its subsidiaries.

Why does AMREP warn about revenue variations?

AMREP notes that revenues and margins can vary significantly between periods due to factors including the nature and timing of specific transactions and the type and location of land or homes being sold.
AMREP

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123.57M
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Real Estate - Development
Land Subdividers & Developers (no Cemeteries)
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United States
HAVERTOWN