Welcome to our dedicated page for AMREP SEC filings (Ticker: AXR), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
The AMREP Corporation (AXR) SEC filings page on Stock Titan brings together the company’s regulatory disclosures filed with the U.S. Securities and Exchange Commission. AMREP, an Oklahoma corporation, reports on its real estate operations, which include land development, homebuilding and investments in commercial and investment properties, through periodic and current reports.
Investors can review annual reports on Form 10-K for detailed financial statements, segment information for land development and homebuilding, and discussions of the company’s activities across the United States. Quarterly reports on Form 10-Q provide interim updates on revenues, net income and other financial measures, and AMREP’s press releases note that these filings contain more information about its financial performance for each reported period.
AMREP also files current reports on Form 8-K to disclose material events. These include earnings press releases reporting results of operations for specific quarters and fiscal years, as well as descriptions of material definitive agreements. One example is the modification of a revolving line of credit financing facility between BOKF, NA dba Bank of Albuquerque and AMREP Southwest Inc., a subsidiary of AMREP Corporation, which changed the loan’s maturity date and increased the maximum borrowing amount for general corporate purposes.
Proxy materials such as the definitive proxy statement on Schedule 14A detail the agenda for AMREP’s annual meeting of shareholders, including director elections, advisory votes on executive compensation and the ratification of the independent registered public accounting firm. On Stock Titan, these filings are paired with AI-powered summaries that help explain the purpose and key points of each document, from 10-K and 10-Q reports to 8-K current reports and proxy statements, while real-time updates ensure that new AXR filings from EDGAR are quickly accessible.
AMREP CORP. insider activity: Group member and 10% owner James H. Dahl reported two open-market purchases of AMREP common shares on February 12, 2026. He bought 3,960 shares at a weighted average price of $23.6448 and 398 shares at a weighted average price of $24.3248, bringing his directly held position to 448,056 common shares.
Dahl is also reported as having indirect beneficial ownership of 229,151 common shares through IRA accounts and 94,120 common shares held by Dahl Family Foundation, Inc., where he and his family have no pecuniary interest. Co-reporting 10% owner Rainey E. Lancaster is shown with 173,750 common shares held directly as part of the same group.
AMREP CORP. (AXR) 10% owner James H. Dahl reported a series of open-market purchases of common shares. On February 10–11, 2026, he bought 9,124 shares in multiple trades at weighted average prices ranging from about $21.12 to $23.95 per share.
After these transactions, Dahl directly owns 443,698 common shares, with an additional 229,151 shares held in IRA accounts and 94,120 shares held by Dahl Family Foundation, Inc., where he and his family have no pecuniary interest. A further 173,750 shares are held by group member Rainey E. Lancaster.
AMREP Corporation director reports no share ownership. Timothy S. McNaney, a director of AMREP Corp. (AXR), filed an initial insider ownership report as of 01/27/2026 stating that he beneficially owns no AMREP securities, either directly or indirectly.
AMREP Corporation reported governance changes and a new board member. The board appointed Timothy S. McNaney, effective January 27, 2026, as a Class III director, expanding the board from four to five members and amending its bylaws to reflect the new size. The company also ended its policy that each non-employee director is expected to hold at least 30,000 shares of AMREP common stock.
McNaney, age 56, co-founded Twilight Homes of New Mexico, LLC and served as its co-President from 2003 until his retirement in July 2025. His background in homebuilding, land development, and New Mexico real estate underpins the board’s view of his qualifications. He is not currently expected to serve on any board committees.
AMREP Corp. director Albert Russo reported a grant of deferred stock units. On 12/31/2025, he acquired 1,595 deferred stock units with a conversion price of $0, each representing one share of AMREP Corp. common stock, $.10 par value. Following this grant, he beneficially owned 24,408.56 derivative securities in total.
The deferred stock units vest immediately upon grant. The underlying common shares will be distributed within 30 days after the first day of the month following Russo’s termination of service as a director, providing equity-based compensation that is settled when his board service ends.
AMREP Corp. director reports deferred stock unit grant
A director of AMREP Corp. (AXR), Edward B. Cloues II, reported a grant of 1,595 deferred stock units on 12/31/2025. These units vest immediately upon grant. Each deferred stock unit represents the right to receive one share of AMREP common stock.
The shares underlying the units will be distributed within 30 days after the first day of the month following the director’s termination of service on the board. Following this transaction, the reporting person beneficially holds 24,408.56 derivative securities related to AMREP stock in direct ownership.
AMREP Corp. director reports new deferred stock unit grant. On 12/31/2025, a director of AMREP Corp. (AXR) was awarded 1,595 deferred stock units at an exercise price of $0 per unit. These units vest immediately upon grant and each unit represents the right to receive one share of AMREP common stock.
The shares underlying the units will be delivered in stock within 30 days after the first day of the month following the director’s termination of service on the board. After this grant, the director beneficially owns 23,195.63 derivative securities in the form of deferred stock units, held directly.
AMREP Corporation filed a current report to let investors know it has released updated financial information. On December 12, 2025, the company issued a press release reporting its results of operations for the three and six month periods ended October 31, 2025.
The press release is furnished as Exhibit 99.1 to this report and is incorporated by reference. AMREP notes that this information is being furnished rather than filed under securities laws. The report is signed on behalf of the company by Adrienne M. Uleau, its Chief Financial Officer and Vice President.
AMREP Corporation reported weaker results for the quarter ended October 31, 2025, as land sales slowed sharply. Total revenues were $9.4 million, down from $11.9 million a year earlier, and net income fell to $1.2 million (diluted EPS $0.22) from $4.0 million (diluted EPS $0.75). For the first six months, revenues declined to $27.3 million from $31.0 million, with net income dropping to $5.9 million from $8.1 million, driven mainly by significantly lower land sale revenues.
Home sale revenues grew, but were offset by reduced volumes of high-margin land sales and higher general and administrative costs. Management cites entitlement and infrastructure delays, elevated construction costs, and affordability pressures from higher home prices and mortgage rates, and it has responded with price reductions, incentives, smaller products, more leasing of completed homes, and a slower pace of development.
The company remains very lightly levered, with $45.1 million in cash, cash equivalents and restricted cash and only $23,000 of notes payable. It also extended and upsized its revolving credit facility to a $6.5 million maximum, maturing in August 2028, and expects lower revenues from developed residential land sales in fiscal 2026 compared to 2025.
AMREP Corporation reported the results of its 2025 annual shareholder meeting. Shareholders representing 4,590,015 shares of common stock out of 5,305,949 shares outstanding and entitled to vote were present in person or by proxy.
Shareholders elected Robert E. Robotti as a Class II director to serve until the 2028 annual meeting, with 2,990,325 votes for, 283,517 withheld, and 1,316,173 broker non-votes. They also approved, on an advisory basis, the compensation of the company’s named executive officers, with 3,118,485 votes for, 153,688 against, 1,669 abstentions, and 1,316,173 broker non-votes.
Shareholders ratified the appointment of Rosenberg Rich Baker Berman, P.A. as independent registered public accounting firm for the year ended April 30, 2026, with 4,522,408 votes for, 50,991 against, and 16,616 abstentions. In addition, in an advisory vote on the frequency of future say-on-pay votes, holders favored a one-year schedule, and the board decided to hold the advisory vote on executive compensation every year.