STOCK TITAN

AMREP Corporation (NYSE: AXR) reports $52,847,000 revenue, $10,288,000 income

(Moderate)
(Neutral)
Form Type
8-K

Rhea-AI Filing Summary

AMREP Corporation reported fiscal 2026 results for the year ended April 30, 2026. Net income was $10,288,000, or $1.91 per diluted share, compared with $12,716,000, or $2.37 per diluted share, in fiscal 2025. Income per share – basic was $1.93 in 2026 and $2.39 in 2025. Revenues increased to $52,847,000 from $49,694,000.

The company states that revenues, average selling prices and gross margins from land and home sales can vary significantly from period to period because of the nature and timing of specific transactions and the type and location of properties sold, so prior results may not indicate future performance. More detailed financial information for 2026 and 2025 is available in AMREP’s financial statements on Form 10-K filed with the SEC and on its website. Through its subsidiaries, AMREP is described as a major holder of land, leading real estate developer and award-winning homebuilder in New Mexico.

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Filing Explained

Item 2.02 of this July 24 Form 8-K furnishes AMREP’s fiscal 2026 results release; it is not treated as “filed” under Section 18 or incorporated by reference, so the disclosure adds a filing-status distinction rather than a new company or common-holder obligation.

Item 2.02 Results of Operations and Financial Condition Financial
Disclosure of earnings results, typically an earnings press release or preliminary financials.
Item 9.01 Financial Statements and Exhibits Exhibits
Financial statements, pro forma financial information, and exhibit attachments filed with this report.
Revenues 2026 $52,847,000 Fiscal year ended April 30, 2026
Revenues 2025 $49,694,000 Fiscal year ended April 30, 2025
Net income 2026 $10,288,000 Fiscal year ended April 30, 2026
Net income 2025 $12,716,000 Fiscal year ended April 30, 2025
Diluted EPS 2026 $1.91 Income per share – diluted, fiscal 2026
Diluted EPS 2025 $2.37 Income per share – diluted, fiscal 2025
Weighted average diluted shares 2026 5,393,000 Weighted average number of common shares outstanding – diluted, 2026
Weighted average diluted shares 2025 5,369,000 Weighted average number of common shares outstanding – diluted, 2025
Income per share – diluted financial
"Income per share – diluted | $ | 1.91"
Weighted average number of common shares outstanding – diluted financial
"Weighted average number of common shares outstanding – diluted | 5,393,000"
Form 10-K regulatory
"financial statements on Form 10-K which have today been filed"
A Form 10-K is a comprehensive report that publicly traded companies are required to file annually with regulators. It provides a detailed overview of a company's financial health, operations, and risks, similar to a detailed health report. Investors use this information to assess the company's performance and make informed decisions about buying or selling its stock.
gross margins financial
"revenues, average selling prices and related gross margins from land sales"
Gross margins measure the portion of sales a company keeps after paying the direct costs to make its products or deliver services, expressed as a percentage of revenue. Think of it as the money left from each sale after paying the ingredients — it signals how efficiently a business produces and prices goods, and matters to investors because higher margins generally mean more room to cover other expenses, invest, and generate profit.
Emerging growth company regulatory
"Rule 12b-2 of the Securities Exchange Act of 1934 ... Emerging growth company"
An emerging growth company is a recently public or smaller public firm that qualifies for temporary, lighter regulatory and disclosure rules to reduce the cost and effort of being public. For investors, it means the company may provide less historical financial detail and face fewer reporting requirements than larger firms, so it can grow more quickly but also carries higher uncertainty—like buying a promising early-stage product with fewer user reviews.
Revenues $52,847,000 Compared with $49,694,000 in fiscal 2025
Net income $10,288,000 Compared with $12,716,000 in fiscal 2025
Diluted EPS $1.91 Compared with $2.37 in fiscal 2025

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

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FAQ

What were AMREP (AXR) revenues for fiscal 2026?

AMREP reported revenues of $52,847,000 for fiscal 2026, compared with $49,694,000 in fiscal 2025. This reflects higher reported sales activity year over year, based on land and homebuilding operations in its core New Mexico real estate markets.

How much net income did AMREP (AXR) earn in fiscal 2026?

AMREP reported net income of $10,288,000 for fiscal 2026, down from $12,716,000 in fiscal 2025. Despite higher revenues, overall profitability was lower than the prior year, as reflected in both total earnings and earnings per share.

What were AMREP (AXR) diluted earnings per share in fiscal 2026?

Diluted earnings per share were $1.91 for fiscal 2026, compared with $2.37 for fiscal 2025. Basic earnings per share were $1.93 in 2026 and $2.39 in 2025, showing lower earnings allocated per share than in the prior year.

How many shares did AMREP (AXR) have outstanding on average in 2026?

For fiscal 2026, AMREP reported a weighted average diluted share count of 5,393,000, compared with 5,369,000 in 2025. The basic weighted average shares were 5,337,000 in 2026 and 5,318,000 in 2025, indicating modest share-count changes.

Where can investors find detailed AMREP (AXR) financial statements for 2026?

Detailed 2026 and 2025 financial information is available in AMREP’s Form 10-K, which the company states has been filed with the SEC and can be accessed through the AMREP website at its SEC filings page.

What business does AMREP (AXR) focus on?

AMREP describes itself as a major holder of land, a leading real estate developer and an award-winning homebuilder in New Mexico. Its results depend heavily on land and home sales, including the type, location and timing of specific real estate transactions.

How does AMREP (AXR) characterize variability in its revenues and margins?

The company notes that revenues, average selling prices and gross margins from land and home sales can vary significantly between periods. It cites factors such as the nature and timing of transactions and property characteristics, and cautions that prior results may not predict future performance.
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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):            July 24, 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 July 24, 2026, AMREP Corporation (the “Company”) issued a press release that reported its results of operations for the year ended April 30, 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 July 24, 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: July 24, 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 July 24, 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 FISCAL 2026 RESULTS

 

Havertown, Pennsylvania, July 24, 2026 – AMREP Corporation (NYSE:AXR) today reported net income of $10,288,000, or $1.91 per diluted share, for its 2026 fiscal year ended April 30, 2026 compared to net income of $12,716,000, or $2.37 per diluted share, for the same period of the prior year. Revenues were $52,847,000 for fiscal 2026 and $49,694,000 for fiscal 2025.

 

More information about the Company’s financial performance in 2026 and 2025 may be found in AMREP Corporation’s financial statements on Form 10-K 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

 

   Twelve Months Ended April 30, 
   2026   2025 
Revenues  $52,847,000   $49,694,000 
           
Net income  $10,288,000   $12,716,000 
           
Income per share – basic  $1.93   $2.39 
Income per share – diluted  $1.91   $2.37 
           
Weighted average number of common shares outstanding – basic   5,337,000    5,318,000 
Weighted average number of common shares outstanding – diluted   5,393,000    5,369,000 

 

 

 

Filing Exhibits & Attachments

4 documents