1. AMREP reported $1.2 million net income in Q2 2026, down significantly. 2. Revenues decreased to $9.4 million from $11.9 million year-over-year. 3. Earnings per share (EPS) fell to $0.22 from $0.75 in the prior year. 4. Net income for the first half dropped to $5.9 million compared to $8.1 million. 5. AMREP's revenue and margins can fluctuate significantly based on various factors.
FAQ
Why Bearish?
The significant decline in net income and revenue suggests poor financial health, often leading to decreased investor confidence, similar to past instances when companies posted lower earnings than expected negatively impacted their stock prices.
How important is it?
Given the substantial loss in net income and revenue drop, the likelihood of a short-term adverse effect on AXR's price is significant, impacting investor perception and market performance.
Why Short Term?
Investors typically react quickly to disappointing quarterly results, making immediate effects on AXR's stock price likely. Historical trends show stocks can dip sharply following poor earnings reports.
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.
| FINANCIAL HIGHLIGHTS | ||||||
| Three Months Ended October 31, | ||||||
| 2025 | 2024 | |||||
| Revenues | $ | 9,398,000 | $ | 11,906,000 | ||
| Net income | $ | 1,200,000 | $ | 4,042,000 | ||
| Earnings per share – basic | $ | 0.22 | $ | 0.76 | ||
| Earnings per share – diluted | $ | 0.22 | $ | 0.75 | ||
| Weighted average number of common shares outstanding – basic | 5,338,000 | 5,320,000 | ||||
| Weighted average number of common shares outstanding – diluted | 5,392,000 | 5,374,000 | ||||
| Six Months Ended October 31, | ||||||
| 2025 | 2024 | |||||
| Revenues | $ | 27,250,000 | $ | 30,997,000 | ||
| Net income | $ | 5,892,000 | $ | 8,106,000 | ||
| Earnings per share – basic | $ | 1.11 | $ | 1.53 | ||
| Earnings per share – diluted | $ | 1.09 | $ | 1.51 | ||
| Weighted average number of common shares outstanding – basic | 5,332,000 | 5,314,000 | ||||
| Weighted average number of common shares outstanding – diluted | 5,385,000 | 5,367,000 | ||||
| CONTACT: | Adrienne M. Uleau |
| Chief Financial Officer and Vice President | |
| (610) 487-0907 |
