1. AXR reported Q2 2026 net income of $1.2 million, down from $4 million. 2. Revenues decreased to $9.4 million in Q2 2026, lower than the previous year. 3. EPS for Q2 2026 is $0.22, compared to $0.75 last year. 4. First six-month income fell to $5.9 million in 2026 from $8.1 million. 5. Variability in revenue is expected due to market conditions and specific transactions.
The substantial drop in both revenue and net income signals weaker performance. Historical trends show that such declines often lead to negative investor sentiment and stock price pressure.
The financial results directly affect AXR’s valuation and investor perception. Understanding the downturn is crucial for predicting immediate market response.
The immediate financial results suggest a decrease in market confidence, impacting short-term trading. A recovery will require improved financial metrics in subsequent quarters.
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 |
