AMREP Reports Third Quarter Fiscal 2026 Results
Rhea-AI Summary
AMREP (NYSE:AXR) reported strong third quarter fiscal 2026 results for the period ended January 31, 2026. Q3 revenue rose to $14.57M and net income was $3.15M ($0.58 diluted EPS), versus $7.52M revenue and $0.72M net in Q3 2025.
For the first nine months, revenues were $41.82M with net income of $9.04M ($1.68 diluted EPS). The company noted land and home sales mix and timing can cause period-to-period variability.
Positive
- Q3 revenue +94% to $14.57M year-over-year
- Q3 net income +>300% to $3.15M year-over-year
- Q3 diluted EPS improved to $0.58 from $0.13
Negative
- None.
Key Figures
Market Reality Check
Peers on Argus
Peer scanner only flagged AIRE at about -1.56% with no news. Broader listed peers (AEI, LPA, JFB, MRNO, OZ) also show negative moves but momentum data is limited, pointing more to stock-specific and idiosyncratic action than a confirmed sector rotation.
Historical Context
| Date | Event | Sentiment | Move | Catalyst |
|---|---|---|---|---|
| Dec 12 | Earnings results | Negative | -4.5% | Q2 FY2026 earnings with lower revenue and net income year over year. |
Recent earnings (Q2 FY26) with weaker year-over-year metrics were followed by a negative -4.51% reaction, suggesting the stock has shown sensitivity to earnings downside.
Over the last few months, AMREP’s main disclosed catalyst was its Q2 FY2026 earnings on Dec 12, 2025, which showed lower net income and revenue versus the prior year and coincided with a -4.51% next-day move. That release highlighted variability in land and home sales by timing and mix. Today’s Q3 FY2026 report shows higher quarterly revenue and net income versus Q3 FY2025, continuing the theme that results can swing meaningfully depending on transaction timing and mix.
Market Pulse Summary
This announcement reports significantly higher Q3 revenue and net income versus the prior-year quarter, while nine-month results show modest improvement. Management reiterates that timing, type, and location of land and home sales can drive large period-to-period swings, so past results may not predict future performance. Recent history, including earlier Q2 earnings and active insider buying, suggests earnings remain a key catalyst. Investors may watch future filings, transaction mix, and volume trends around the $23.62 level and $22.18 200-day MA.
Key Terms
form 10-q regulatory
securities and exchange commission regulatory
AI-generated analysis. Not financial advice.
HAVERTOWN, Pa., March 12, 2026 (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, | ||||||
| 2026 | 2025 | |||||
| Revenues | $ | 14,573,000 | $ | 7,520,000 | ||
| Net income | $ | 3,147,000 | $ | 717,000 | ||
| Earnings per share – basic | $ | 0.59 | $ | 0.13 | ||
| Earnings per share – diluted | $ | 0.58 | $ | 0.13 | ||
| Weighted average number of common shares outstanding – basic | 5,340,000 | 5,321,000 | ||||
| Weighted average number of common shares outstanding – diluted | 5,389,000 | 5,381,000 | ||||
| Nine Months Ended January 31, | ||||||
| 2026 | 2025 | |||||
| Revenues | $ | 41,823,000 | $ | 38,516,000 | ||
| Net income | $ | 9,039,000 | $ | 8,823,000 | ||
| Earnings per share – basic | $ | 1.69 | $ | 1.66 | ||
| Earnings per share – diluted | $ | 1.68 | $ | 1.64 | ||
| Weighted average number of common shares outstanding – basic | 5,334,000 | 5,316,000 | ||||
| Weighted average number of common shares outstanding – diluted | 5,384,000 | 5,376,000 | ||||
| CONTACT: | Adrienne M. Uleau |
| Chief Financial Officer and Vice President | |
| (610) 487-0907 |
FAQ
What were AMREP (AXR) third quarter fiscal 2026 results announced March 12, 2026?
How did AMREP (AXR) Q3 2026 revenue compare to Q3 2025?
What was AMREP (AXR) net income and EPS for the nine months ended January 31, 2026?
Did AMREP (AXR) file its Form 10-Q for the quarter ended January 31, 2026?
What did AMREP (AXR) say about variability in future revenues and margins?
