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AMREP Reports First Quarter Fiscal 2026 Results

1. AXR reported Q1 2026 net income of $4.692 million, up from $4.064 million. 2. Revenues decreased to $17.851 million from $19.091 million year-over-year. 3. Earnings per diluted share increased from $0.76 to $0.87 compared to last year. 4. AXR's variable revenues are influenced by land sales and home transaction types. 5. The company is a significant real estate developer and homebuilder in New Mexico.

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Why Bullish?

AXR's growing net income indicates financial health despite revenue decline. Historical examples show net income improvements often precede stock price growth.

How important is it?

AXR's solid net income growth and EPS increase suggest a stable future, which can boost investor confidence.

Why Short Term?

Current financial performance suggests immediate market reactions, typically seen in quarterly results.

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September 09, 2025 16:37 ET  | Source: AMREP Corporation 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 2024Revenues $17,851,000 $19,091,000       Net income $4,692,000 $4,064,000Earnings per share – basic $0.88 $0.77Earnings per share – diluted $0.87 $0.76       Weighted average number of common shares outstanding – basic  5,326,000  5,309,000Weighted 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

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