AMREP Reports Second Quarter Fiscal 2026 Results
AMREP (NYSE:AXR) reported results for the fiscal second quarter ended October 31, 2025 and the six months ended October 31, 2025.
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Rhea-AI Summary
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.
Positive
- Q2 net income of $1.2M
- Six-month net income of $5.892M
- Six-month diluted EPS of $1.09
Negative
- Q2 revenue declined 21% year-over-year
- Q2 net income fell 70% year-over-year
- Six-month revenue declined 12% year-over-year
- Six-month net income declined 27% year-over-year
- Q2 diluted EPS declined from $0.75 to $0.22
Details
News Market Reaction – AXR
On Dec 15, the first trading day after this news, AXR closed 4.51% below the previous close.
Data tracked by StockTitan Argus for the Dec 15 session.
Key Figures
- Q2 2026 revenue
- $9,398,000
- Three months ended October 31, 2025
- Q2 2025 revenue
- $11,906,000
- Three months ended October 31, 2024
- Q2 2026 net income
- $1,200,000
- Three months ended October 31, 2025
- Q2 2026 diluted EPS
- $0.22
- Three months ended October 31, 2025
- Six-month 2026 revenue
- $27,250,000
- Six months ended October 31, 2025
- Six-month 2026 net income
- $5,892,000
- Six months ended October 31, 2025
- Cash & equivalents
- $45,100,000
- As reported in 10-Q for quarter ended October 31, 2025
- Revolving credit facility
- $6,500,000
- Maximum under extended revolver maturing August 2028
Historical Context
-
Improved Q1 2026 profitability despite lower revenues year over year.
-
Fiscal 2025 net income nearly doubled while revenues dipped slightly.
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 regulatory
notes payable financial
revolving credit facility financial
AI-generated analysis. How Rhea-AI works. Not financial advice.
HAVERTOWN, Pa., Dec. 12, 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 October 31, | ||||||
| 2025 | 2024 | |||||
| Revenues | $ | 9,398,000 | $ | 11,906,000 | ||
| Net income | $ | 1,200,000 | $ | 4,042,000 | ||
| Earnings per share – basic | $ | 0.22 | $ | 0.76 | ||
| Earnings per share – diluted | $ | 0.22 | $ | 0.75 | ||
| Weighted average number of common shares outstanding – basic | 5,338,000 | 5,320,000 | ||||
| Weighted average number of common shares outstanding – diluted | 5,392,000 | 5,374,000 | ||||
| Six Months Ended October 31, | ||||||
| 2025 | 2024 | |||||
| Revenues | $ | 27,250,000 | $ | 30,997,000 | ||
| Net income | $ | 5,892,000 | $ | 8,106,000 | ||
| Earnings per share – basic | $ | 1.11 | $ | 1.53 | ||
| Earnings per share – diluted | $ | 1.09 | $ | 1.51 | ||
| Weighted average number of common shares outstanding – basic | 5,332,000 | 5,314,000 | ||||
| Weighted average number of common shares outstanding – diluted | 5,385,000 | 5,367,000 | ||||
| CONTACT: | Adrienne M. Uleau |
| Chief Financial Officer and Vice President | |
| (610) 487-0907 |
FAQ
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