AMREP Reports Third Quarter Fiscal 2025 Results
Rhea-AI Summary
AMREP (NYSE:AXR) reported its fiscal 2025 third quarter results, showing significant improvement in financial performance. The company achieved net income of $717,000 ($0.13 per diluted share) for Q3 2025, compared to $92,000 ($0.02 per diluted share) in the same period last year.
For the first nine months of 2025, net income reached $8,823,000 ($1.64 per diluted share), up substantially from $2,546,000 ($0.48 per diluted share) in 2024. Revenues were $7,520,000 in Q3 2025, down from $12,689,000 in Q3 2024. However, nine-month revenues increased to $38,516,000 from $31,833,000 year-over-year.
AMREP, a major landholder and leading real estate developer in New Mexico, notes that revenues and margins can vary significantly between periods due to factors including transaction timing and the type and location of land or homes being sold.
Positive
- Net income surged 679% YoY in Q3 2025 to $717,000
- Nine-month net income jumped 246% to $8.82M
- Nine-month revenue increased 21% to $38.52M
Negative
- Q3 2025 revenue declined 41% YoY to $7.52M
News Market Reaction 1 Alert
On the day this news was published, AXR declined 13.30%, reflecting a significant negative market reaction.
Data tracked by StockTitan Argus on the day of publication.
HAVERTOWN, Pa., March 07, 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 January 31, | ||||||
| 2025 | 2024 | |||||
| Revenues | $ | 7,520,000 | $ | 12,689,000 | ||
| Net income | $ | 717,000 | $ | 92,000 | ||
| Earnings per share – basic | $ | 0.13 | $ | 0.02 | ||
| Earnings per share – diluted | $ | 0.13 | $ | 0.02 | ||
| Weighted average number of common shares outstanding – basic | 5,321,000 | 5,303,000 | ||||
| Weighted average number of common shares outstanding – diluted | 5,381,000 | 5,346,000 | ||||
| Nine Months Ended January 31, | ||||||
| 2025 | 2024 | |||||
| Revenues | $ | 38,516,000 | $ | 31,833,000 | ||
| Net income | $ | 8,823,000 | $ | 2,546,000 | ||
| Earnings per share – basic | $ | 1.66 | $ | 0.48 | ||
| Earnings per share – diluted | $ | 1.64 | $ | 0.48 | ||
| Weighted average number of common shares outstanding – basic | 5,316,000 | 5,299,000 | ||||
| Weighted average number of common shares outstanding – diluted | 5,376,000 | 5,341,000 | ||||
| CONTACT: | Adrienne M. Uleau |
| Vice President, Finance and Accounting | |
| (610) 487-0907 |
FAQ
What was AMREP's (AXR) earnings per share in Q3 2025?
How much did AMREP's (AXR) revenue change in Q3 2025 compared to Q3 2024?
What was AMREP's (AXR) net income for the first nine months of fiscal 2025?
How did AMREP's (AXR) nine-month revenue perform in fiscal 2025 vs 2024?
