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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.

(Moderate)

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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.

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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
Argus Dec 15 session
-4.51% close to close Open Argus
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 Q2 2025 revenue: $11,906,000 Q2 2026 net income: $1,200,000 +5 more
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

2 past events · Latest: Sep 09
2 events
  1. Sep 09

    Quarterly earnings

    24h Move
    +4.5%

    Improved Q1 2026 profitability despite lower revenues year over year.

  2. Jul 25

    Annual results

    24h Move
    -6.2%

    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, notes payable, revolving credit facility
3 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.
notes payable financial
"cash, cash equivalents and restricted cash and only $23,000 of notes payable"
A note payable is a formal, written promise a company makes to repay borrowed money, usually with interest, by a specified date. Think of it as a documented IOU with clear repayment terms; it matters to investors because these obligations affect a company’s cash flow, creditworthiness and financial risk—large or soon-due notes can limit flexibility, while manageable notes can fund growth without diluting ownership.
revolving credit facility financial
"extended and upsized its revolving credit facility to a $6.5 million maximum"
A revolving credit facility is a type of loan that a business can borrow from whenever it needs money, up to a set limit. It’s like having a credit card for companies—allowing them to borrow, pay back, and borrow again as needed, providing flexibility for managing cash flow or funding short-term expenses.

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

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HAVERTOWN, Pa., Dec. 12, 2025 (GLOBE NEWSWIRE) -- AMREP Corporation (NYSE:AXR) today reported net income of $1,200,000, or $0.22 per diluted share, for its 2026 fiscal second quarter ended October 31, 2025 compared to net income of $4,042,000, or $0.75 per diluted share, for the same period of the prior year. For the first six months of 2026, AMREP had net income of $5,892,000, or $1.09 per diluted share, compared to net income of $8,106,000, or $1.51 per diluted share, for the same period of 2025. Revenues were $9,398,000 and $27,250,000 for the second quarter and first six months of 2026 and $11,906,000 and $30,997,000 for the second quarter and first six months of 2025.

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

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

What were AMREP (AXR) Q2 2026 results announced on December 12, 2025?

AMREP reported Q2 net income of $1.2M, diluted EPS of $0.22, and revenue of $9.398M.

How did AMREP (AXR) six-month results to October 31, 2025 compare year-over-year?

Six-month revenue fell to $27.25M from $30.997M and net income fell to $5.892M from $8.106M.

Did AMREP (AXR) file its Form 10-Q for Q2 2026 and where is it available?

Yes. The company filed its Form 10-Q; it is available on AMREP's investor filings webpage.

What drove variability in AMREP (AXR) land and home sales results in Q2 2026?

The company cited transaction timing and the type and location of land or homes sold as drivers of variability.

How much did AMREP (AXR) Q2 revenue decline versus Q2 2024?

Q2 revenue declined to $9.398M from $11.906M, a drop of about 21% year-over-year.

What is AMREP (AXR)'s diluted EPS for the first six months of fiscal 2026?

Diluted EPS for the six months ended October 31, 2025 was $1.09.

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