AXR

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

Shares of AMREP Corporation AXR have lost 8.4% since the company reported earnings for the quarter ended Oct. 31, 2025, compared with a 1.2% decline in the S&P 500 Index over the same period. Over the past month, AMREP shares lost 3.7%, while the benchmark index advanced 2.6%. For the second quarter of fiscal 2026, AMREP reported net income of $1.2 million, or $0.22 per diluted share, a 70.3% decline from $4 million, or $0.75 per diluted share, in the year-ago quarter. Revenue for the quarter decreased 21.1% year over year to $9.4 million from $11.9 million. For the first six months of fiscal 2026, net income totaled $5.9 million, or $1.09 per diluted share, down 27.3% from $8.1 million, or $1.51 per diluted share, in the prior-year period, while revenue declined 12.1% to $27.3 million from $30.9 million. Segmentally, land sale revenues fell 85.9% in the quarter and 45.3% for the six-month period, reflecting fewer land transactions, while home sale revenues rose 44.8% in the quarter and 20.7% for the six months, driven by a higher number of homes sold. Other revenues, including landscaping and rental-related income, increased 18.6% in the quarter and 11.6% for the six-month period. Land sale gross margins improved to 80% in the quarter and 70% for the six-month period, compared with 60% and 52%, respectively, a year earlier, largely due to the mix of properties sold and reimbursements related to infrastructure and impact fees. Home sale gross margins also improved to 25% from 20% in both comparable periods, despite higher input costs. General and administrative expenses increased 7.2% year over year in the quarter and 10.1% for the six-month period, reflecting higher compensation, professional services and depreciation. Operating income declined 64.4% to $1.1 million in the quarter from $3.1 million a year earlier, reflecting lower land sale activity and higher cost pressures, though partially offset by stronger homebuilding results. AMREP Corporation price-consensus-eps-surprise-chart | AMREP Corporation Quote Management highlighted ongoing challenges related to municipal entitlement delays, infrastructure availability and inspection timelines, which have affected both land development and homebuilding activities. The company noted that while pricing strength has helped offset some cost inflation, higher mortgage rates, elevated home prices and broader infl...

HAVERTOWN, Pa., Dec. 12, 2025 (GLOBE NEWSWIRE) -- AMREP Corporation (NYSE:AXR) today reported net income of $1,200,000, or $0.22 per diluted share, for its 2026 fiscal second quarter ended October 31, 2025 compared to net income of $4,042,000, or $0.75 per diluted share, for the same period of the prior year. For the first six months of 2026, AMREP had net income of $5,892,000, or $1.09 per diluted share, compared to net income of $8,106,000, or $1.51 per diluted share, for the same period of 2025. Revenues were $9,398,000 and $27,250,000 for the second quarter and first six months of 2026 and $11,906,000 and $30,997,000 for the second quarter and first six 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.

AMREP (AXR) reported fiscal Q2 earnings late Friday of $0.22 per diluted share, down from $0.75 a ye

AMREP ended the quarter with $49.4 million in cash, cash equivalents and restricted cash, up from $39.9 million as of April 30, 2025, strengthening its liquidity position. Real estate inventory decreased to $64.8 million from $66.8 million, while investment assets rose to $15.9 million from $14.9 million during the same time. The company leased 27 homes to tenants as of July 31, up from 21 at the end of April, reflecting a strategy to balance sales with rental opportunities amid affordability constraints. AMREP Corporation price-consensus-eps-surprise-chart | AMREP Corporation Quote Management noted that revenue performance can fluctuate significantly depending on the timing and nature of specific transactions, as well as the type and location of properties sold. The quarter’s results demonstrate how shifts in product mix and customer demand influenced gross margins across both land and home sales. Rising input costs for labor and materials, alongside the need for buyer incentives, continue to weigh on profitability, though pricing discipline and higher lot demand provided an offset. The revenue decline stemmed mainly from reduced land sales, particularly fewer developed residential lots. However, profitability expanded because land sales carried significantly higher gross margins compared to last year. Meanwhile, the homebuilding segment showed resilience, generating higher revenue from modestly greater unit volume and stronger pricing. AMREP did not issue formal quantitative guidance for the upcoming quarters. However, management’s commentary emphasized a backlog of 24 homes under contract, representing approximately $11.5 million in expected revenues, which should provide visibility into near-term performance. The firm also reaffirmed that prior results are not necessarily indicative of future outcomes, citing variability in land and home sales. In August 2025, AMREP Southwest Inc., a subsidiary of AMREP, amended its revolving line of credit facility with BOKF, NA dba Bank of Albuquerque. The maximum borrowing capacity was increased by $750,000 to $6.5 million, and the maturity was extended to Aug. 15, 2028. This enhances financial flexibility to support land development and homebuilding operations. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report AMRE...

Revenue: US$17.9m (down 6.5% from 1Q 2025). Net income: US$4.69m (up 16% from 1Q 2025). Profit margin: 26% (up from 21% in 1Q 2025). The increase in margin was driven by lower expenses. EPS: US$0.88 (up from US$0.77 in 1Q 2025). Trump has pledged to "unleash" American oil and gas and these 15 US stocks have developments that are poised to benefit. All figures shown in the chart above are for the trailing 12 month (TTM) period Revenue exceeded analyst estimates by 29%. Earnings per share (EPS) also surpassed analyst estimates by 129%. Looking ahead, revenue is forecast to grow 10% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Real Estate industry in the US. Performance of the American Real Estate industry. The company's shares are up 6.4% from a week ago. What about risks? Every company has them, and we've spotted 1 warning sign for AMREP you should know about. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com. This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

AMREP (AXR) reported fiscal Q1 earnings late Tuesday of $0.87 per diluted share, up from $0.76 a yea

HAVERTOWN, Pa., Sept. 09, 2025 (GLOBE NEWSWIRE) -- AMREP Corporation (NYSE:AXR) today reported net income of $4,692,000, or $0.87 per diluted share, for its 2026 fiscal first quarter ended July 31, 2025 compared to net income of $4,064,000, or $0.76 per diluted share, for the same period of the prior year. Revenues were $17,851,000 for the first quarter of 2026 and $19,091,000 for the first quarter 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.

Shares of AMREP Corporation AXR have lost 4.4% since the company reported its earnings for the quarter ended April 30, 2025, underperforming the S&P 500 Index, which rose 0.2% during the same period. Over the past month, however, AMREP shares have gained 2.9%, slightly lagging the S&P 500’s 3.1% growth. AMREP posted strong earnings growth for fiscal 2025 despite a slight decline in annual revenues. Net income surged 90.1% to $12.7 million, or $2.37 per diluted share, from $6.7 million, or $1.25 per share, in fiscal 2024. However, revenues fell 3.3% to $49.7 million from $51.4 million due to a 61.9% dip in other revenues, which offset a 23.6% rise in home sale revenues. Fourth-quarter fiscal 2025 net income came in at $3.9 million, or $0.73 per share, compared $4.1 million, or $0.77 per share, in the year-ago quarter. Revenues for the quarter declined 42.8% to $11.2 million from $19.5 million a year earlier, reflecting reduced high-value transactions. Despite this, fourth-quarter fiscal 2025 operating income remained robust at $3.5 million, down 24.3% from $4.7 million in the prior-year period. Land sales for the full fiscal year decreased 4.4% to $25.6 million from $26.8 million. This reflected a reduced volume of high-priced undeveloped land sales, which had previously been bolstered by a one-time $7.2 million transaction in Brighton, CO, in fiscal 2024. Still, AMREP sold 719 acres in fiscal 2025, significantly up from the 252 acres sold the previous year, though at lower revenue per acre due to mix effects. Home sale revenue rose 23.6% to $21.2 million from $17.2 million, driven by a higher number of closings (50 homes versus 36 in the prior year), even as average selling prices fell 10.9% from $477,000 to $425,000. Other revenues, which include landscaping services and rental income, declined 61.9% to $2.8 million from $7.4 million, primarily due to the absence of investment property sales. AMREP Corporation price-consensus-eps-surprise-chart | AMREP Corporation Quote Land sale cost of revenues dropped 28.2% to $12.4 million from $17.2 million. Gross profit margins improved in the land segment, with land sale gross margin increasing to 52% in fiscal 2025 from 36% in the prior year. This was supported by higher reimbursements from public improvement districts and impact fee credits. In contrast, homebuilding margins compressed to 21% in fiscal 2025 from 25...

Revenue: US$49.7m (down 3.3% from FY 2024). Net income: US$12.7m (up 90% from FY 2024). Profit margin: 26% (up from 13% in FY 2024). The increase in margin was driven by lower expenses. EPS: US$2.39 (up from US$1.26 in FY 2024). This technology could replace computers: discover the 20 stocks are working to make quantum computing a reality. All figures shown in the chart above are for the trailing 12 month (TTM) period Revenue missed analyst estimates by 1.8%. Earnings per share (EPS) exceeded analyst estimates by 22%. Looking ahead, revenue is forecast to grow 10% p.a. on average during the next 3 years, compared to a 10% growth forecast for the Real Estate industry in the US. Performance of the American Real Estate industry. The company's shares are up 9.1% from a week ago. It's still necessary to consider the ever-present spectre of investment risk. We've identified 1 warning sign with AMREP, and understanding it should be part of your investment process. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com. This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

HAVERTOWN, Pa., July 25, 2025 (GLOBE NEWSWIRE) -- AMREP Corporation (NYSE:AXR) today reported net income of $12,716,000, or $2.37 per diluted share, for its 2025 fiscal year ended April 30, 2025 compared to net income of $6,690,000, or $1.25 per diluted share, for the same period of the prior year. Revenues were $49,694,000 for fiscal 2025 and $51,369,000 for fiscal 2024. More information about the Company’s financial performance in 2025 and 2024 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.

Shares of AMREP Corporation AXR have lost 12.6% since the company reported earnings for the quarter ended Jan. 31, 2025. This compares to the S&P 500 Index’s 3.1% fall over the same time frame. Over the past month, the stock has lost 32.6% compared with the S&P 500’s 9.2% decline. Find the latest EPS estimates and surprises on Zacks Earnings Calendar. AMREP reported third-quarter fiscal 2025 revenues of $7.5 million, marking a 40.7% decline from the $12.7 million a year ago. For the first nine months of fiscal 2025, total revenues increased 20.9% to $38.5 million from $31.8 million in the prior-year period. Net income for the quarter was $0.7 million, or $0.13 per diluted share, up from $92,000, or $0.02 per diluted share, in the third quarter of fiscal 2024. For the first nine months of fiscal 2025, net income surged 246.5% to $8.8 million, or $1.64 per diluted share, from $2.5 million, or $0.48 per diluted share a year ago. AMREP Corporation price-consensus-eps-surprise-chart | AMREP Corporation Quote AMREP operates in two main business segments — land development and homebuilding. Land Sales: Revenues for this segment fell 27.9% to $2.9 million in third-quarter fiscal 2025 from $4 million a year ago. The decline was primarily driven by lower sales of developed residential and undeveloped land. For the nine-month period, land sale revenues increased 16.3% to $18.1 million from $15.6 million in the comparable period in fiscal 2024. This primarily resulted from an increase in revenues from the sale of developed residential land and undeveloped land. During the nine months ended Jan. 31, 2025, AXR sold 549 acres of contiguous undeveloped land in Sandoval County, NM, representing $2.5 million of revenue, to one purchaser. Home Sales: This segment experienced a 57.2% revenue increase to $4.1 million in third-quarter fiscal 2025 from $2.6 million in third-quarter fiscal 2024. For the nine months, home sale revenues rose 93.3% to $18.4 million from $9.5 million. The changes in home sale revenues for the three and nine months ended Jan. 31, 2025, compared to the prior periods, were primarily due to an increase in the number of homes sold. Other Revenue: This category, which includes landscaping services and rental income, saw a steep decline of 91.4% in third-quarter fiscal 2025, generating $0.5 million compared with $6.1 million in the prior-year period. The decr...