AMREP Reports Fiscal 2025 Results

Rhea-AI Summary

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.

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

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.