AMREP Reports Third Quarter Fiscal 2026 Results

AMREP (NYSE:AXR) reported strong third quarter fiscal 2026 results for the period ended January 31, 2026.

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.

Argus Mar 13 session

+4.36% close to close Open Argus

Details

News Market Reaction – AXR

On Mar 13, the first trading day after this news, AXR closed 4.36% above the previous close.

Data tracked by StockTitan Argus for the Mar 13 session.

Key Figures

Q3 2026 net income: $3,147,000 Q3 2026 diluted EPS: $0.58 Nine-month 2026 net income: $9,039,000 +5 more

Q3 2026 net income

$3,147,000

Fiscal third quarter 2026 vs $717,000 in Q3 2025

Q3 2026 diluted EPS

$0.58

Fiscal third quarter 2026 vs $0.13 in Q3 2025

Nine-month 2026 net income

$9,039,000

Nine months ended Jan 31, 2026 vs $8,823,000 2025 period

Nine-month 2026 diluted EPS

$1.68

Nine months ended Jan 31, 2026 vs $1.64 2025 period

Q3 2026 revenue

$14,573,000

Fiscal third quarter 2026 vs $7,520,000 in Q3 2025

Nine-month 2026 revenue

$41,823,000

Nine months ended Jan 31, 2026 vs $38,516,000 2025 period

Q3 2026 basic EPS

$0.59

Fiscal third quarter 2026 vs $0.13 in Q3 2025

Q3 2026 basic shares

5,340,000

Weighted average basic shares outstanding, Q3 2026

Historical Context

1 past event · Latest: Dec 12

1 event

1. Dec 12

   Earnings results

   24h Move

   -4.5%

   Q2 FY2026 earnings with lower revenue and net income year over year.

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Key Terms

diluted share, form 10-q, securities and exchange commission

3 terms

diluted share financial

"net income of $3,147,000, or $0.58 per diluted share, for its 2026 fiscal"

Diluted share count is the total number of company shares that would exist if all potential claims that can become stock—such as employee stock options, warrants and convertible bonds—were exercised or converted. Investors use diluted shares to see a more conservative view of ownership and per-share metrics (like earnings per share), because it’s like slicing a cake into more pieces: the same profit spread over more slices makes each slice smaller.

form 10-q regulatory

"financial performance may be found in AMREP Corporation’s financial statements on Form 10-Q"

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.

securities and exchange commission regulatory

"filed with the Securities and Exchange Commission and will be available"

A national government agency that enforces rules for buying, selling and disclosing information about stocks and other investments, acting like a referee and scorekeeper for financial markets. It requires companies to share clear, regular financial and business information and investigates fraud or rule-breaking, which matters to investors because those rules and disclosures help ensure fair prices, reduce hidden risks and make it easier to compare investment choices.

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

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HAVERTOWN, Pa., March 12, 2026 (GLOBE NEWSWIRE) -- AMREP Corporation (NYSE:AXR) today reported net income of $3,147,000, or $0.58 per diluted share, for its 2026 fiscal third quarter ended January 31, 2026 compared to net income of $717,000, or $0.13 per diluted share, for the same period of the prior year. For the first nine months of 2026, AMREP had net income of $9,039,000, or $1.68 per diluted share, compared to net income of $8,823,000, or $1.64 per diluted share, for the same period of 2025. Revenues were $14,573,000 and $41,823,000 for the third quarter and first nine months of 2026 and $7,520,000 and $38,516,000 for the third quarter and first nine 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 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

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

What were AMREP (AXR) third quarter fiscal 2026 results announced March 12, 2026?

AMREP reported Q3 revenue of $14.57M and net income of $3.15M with diluted EPS of $0.58. According to the company, results reflect land and home sales that vary by timing, type and location.

How did AMREP (AXR) Q3 2026 revenue compare to Q3 2025?

Q3 revenue rose to $14.57M from $7.52M, an increase near 94%. According to AMREP, this reflects timing and mix differences in land and home sales between periods.

What was AMREP (AXR) net income and EPS for the nine months ended January 31, 2026?

Nine-month net income was $9.04M with diluted EPS of $1.68. According to the company, first nine months results increased slightly versus the prior year amid variable land and home sales.

Did AMREP (AXR) file its Form 10-Q for the quarter ended January 31, 2026?

Yes, AMREP filed its Form 10-Q and financial statements for the period ended January 31, 2026. According to the company, detailed financials are available on its SEC filings webpage and investor site.

What did AMREP (AXR) say about variability in future revenues and margins?

AMREP cautioned that revenues, average selling prices and gross margins from land and home sales can vary significantly period-to-period. According to the company, results depend on timing, transaction types and geographic mix.