AMREP Corporation reports Q1 fiscal 2026 net income of $4.69 million; revenues decrease to $17.85 million.
Quiver AI Summary
AMREP Corporation reported a net income of $4.69 million, or $0.87 per diluted share, for the first quarter of its 2026 fiscal year, ending July 31, 2025, which is an increase from the $4.06 million, or $0.76 per diluted share, reported in the same period last year. However, revenues declined to $17.85 million from $19.09 million year-over-year. The company’s financial performance reflects variability in revenue and margins due to transaction timing and the type of properties sold. AMREP, notable for its substantial land holdings and real estate development efforts in New Mexico, has filed its financial statements with the Securities and Exchange Commission, which are accessible on its website for further details.
Potential Positives
- AMREP Corporation reported an increase in net income to $4,692,000, up from $4,064,000 in the prior year, demonstrating improved profitability.
- Earnings per diluted share rose to $0.87, an increase from $0.76 in the same quarter of the previous year, indicating stronger earnings performance.
Potential Negatives
- Revenues decreased from $19,091,000 in the first quarter of 2025 to $17,851,000 in the first quarter of 2026, indicating a decline in sales performance.
- Despite an increase in net income, the drop in revenue could signal potential challenges in sustaining profit growth in future periods.
- The press release emphasizes that revenue, average selling prices, and gross margins can vary significantly from period to period, which may raise concerns about the company's financial stability and predictability.
FAQ
What were AMREP Corporation's net income and earnings per share for Q1 2026?
AMREP Corporation reported a net income of $4,692,000 and earnings per share of $0.87 for Q1 2026.
How do the revenues and net income compare year-over-year?
Revenues decreased from $19,091,000 in Q1 2025 to $17,851,000 in Q1 2026, while net income increased from $4,064,000 to $4,692,000.
Where can I find AMREP’s financial statements?
AMREP's financial statements can be accessed on their website at www.amrepcorp.com/sec-filings/ after being filed with the SEC.
What factors influence AMREP's revenue and gross margins?
Revenues and gross margins can vary significantly based on specific transactions, types, and locations of land or homes sold.
What is AMREP Corporation's main business focus?
AMREP Corporation is focused on land holding, real estate development, and homebuilding, primarily in New Mexico.
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
$AXR Hedge Fund Activity
We have seen 14 institutional investors add shares of $AXR stock to their portfolio, and 26 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- GATE CITY CAPITAL MANAGEMENT, LLC added 75,661 shares (+271.0%) to their portfolio in Q2 2025, for an estimated $1,583,584
- TRUFFLE HOUND CAPITAL, LLC added 64,524 shares (+129.0%) to their portfolio in Q2 2025, for an estimated $1,350,487
- BRIDGEWAY CAPITAL MANAGEMENT, LLC removed 19,916 shares (-13.0%) from their portfolio in Q2 2025, for an estimated $416,841
- SUSQUEHANNA INTERNATIONAL GROUP, LLP removed 19,228 shares (-54.4%) from their portfolio in Q2 2025, for an estimated $402,442
- MILLENNIUM MANAGEMENT LLC removed 18,895 shares (-55.8%) from their portfolio in Q2 2025, for an estimated $395,472
- CITADEL ADVISORS LLC removed 15,820 shares (-100.0%) from their portfolio in Q2 2025, for an estimated $331,112
- JANE STREET GROUP, LLC removed 10,394 shares (-100.0%) from their portfolio in Q2 2025, for an estimated $217,546
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.
Full Release
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.
| FINANCIAL HIGHLIGHTS | ||||||
| Three Months Ended July 31, | ||||||
| 2025 | 2024 | |||||
| Revenues | $ | 17,851,000 | $ | 19,091,000 | ||
| Net income | $ | 4,692,000 | $ | 4,064,000 | ||
| Earnings per share – basic | $ | 0.88 | $ | 0.77 | ||
| Earnings per share – diluted | $ | 0.87 | $ | 0.76 | ||
| Weighted average number of common shares outstanding – basic | 5,326,000 | 5,309,000 | ||||
| Weighted average number of common shares outstanding – diluted | 5,375,000 | 5,353,000 | ||||
| CONTACT: | Adrienne M. Uleau |
| Chief Financial Officer and Vice President | |
| (610) 487-0907 |
