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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 OR 15(d) of the Securities
Exchange Act of 1934
Date of Report (Date of earliest event
reported): March 12, 2026
| AMREP CORPORATION |
| (Exact name of registrant as specified in its charter) |
| Oklahoma |
1-4702 |
59-0936128 |
| (State or other jurisdiction of |
(Commission File |
(IRS Employer |
| incorporation) |
Number) |
Identification No.) |
|
850 West Chester Pike,
Suite
205, Havertown, PA |
19083 |
| (Address of principal executive offices) |
(Zip Code) |
Registrant’s telephone number, including
area code: (610) 487-0905
| |
| (Former name or former address, if changed since last report) |
Check the appropriate box below if the Form 8-K filing is intended
to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction
A.2. below):
| ¨ |
Written communication pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
| ¨ |
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
| ¨ |
Pre-commencement communication pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
| ¨ | Pre-commencement communication pursuant to Rule 13e-4(c)
under the Exchange Act (17 CFR 240.13e-4(c)) |
Securities registered pursuant to Section 12(b) of the Act:
| Title of each class |
Trading
Symbol(s) |
Name of each exchange on which
registered |
| Common Stock $.10 par value |
AXR |
New York Stock Exchange |
Indicate by check mark whether the registrant is an emerging
growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR §230.405) or Rule 12b-2 of the Securities Exchange
Act of 1934 (17 CFR §240.12b-2).
Emerging growth company
¨
If an emerging growth company, indicate by check mark if the registrant
has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant
to Section 13(a) of the Exchange Act. ¨
Item 2.02 Results of Operations and Financial Condition
On March 12, 2026, AMREP Corporation issued
a press release that reported its results of operations for the three and nine month periods ended January 31, 2026. The press
release is being furnished with this Current Report on Form 8-K as Exhibit 99.1 and is incorporated herein by reference.
The information in this Item 2.02 of this
Form 8-K and Exhibit 99.1 attached hereto shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange
Act of 1934, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933, except as shall be expressly
set forth by specific reference in such filing.
Item 9.01 Financial
Statements and Exhibits.
(d) Exhibits.
| Exhibit Number |
Description |
| 99.1 |
Press Release, dated March 12, 2026, issued by AMREP Corporation. |
| 104 |
Cover Page Interactive Data File (embedded within the Inline XBRL document). |
SIGNATURES
Pursuant to the requirements of the Securities
Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| |
AMREP Corporation |
| |
|
|
| Date: March 12, 2026 |
By: |
/s/ Adrienne M. Uleau |
| |
|
Adrienne M. Uleau |
| |
|
Chief Financial Officer and Vice President |
EXHIBIT INDEX
| Exhibit Number |
Description |
| 99.1 |
Press Release, dated March 12, 2026, issued by AMREP Corporation. |
| 104 |
Cover Page Interactive Data File (embedded within the Inline XBRL document). |
Exhibit 99.1
| FOR: |
AMREP
Corporation |
| |
850
West Chester Pike, Suite 205 |
| |
Havertown,
PA 19083 |
| |
| CONTACT: |
Adrienne
M. Uleau |
| |
Chief
Financial Officer and Vice President |
| |
(610)
487-0907 |
AMREP REPORTS THIRD QUARTER FISCAL 2026 RESULTS
Havertown, Pennsylvania, March 12, 2026
– 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 | |
