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AMREP Corporation (AXR) news hub provides investors and stakeholders with centralized access to official announcements and market-moving developments. Track this real estate developer's latest land acquisition strategies, regulatory milestones, and operational updates through verified press releases and curated financial reporting.
This resource aggregates AMREP's essential communications including quarterly earnings disclosures, property portfolio expansions, and leadership updates. Users gain efficient access to critical information about land development projects, homebuilding initiatives, and strategic partnerships shaping the company's position in competitive U.S. real estate markets.
Key updates cover zoning approvals, commercial lease agreements, residential construction timelines, and financial performance metrics. The curated format enables quick scanning of material developments while maintaining compliance with corporate disclosure standards.
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AMREP (NYSE:AXR) reported its fiscal 2025 third quarter results, showing significant improvement in financial performance. The company achieved net income of $717,000 ($0.13 per diluted share) for Q3 2025, compared to $92,000 ($0.02 per diluted share) in the same period last year.
For the first nine months of 2025, net income reached $8,823,000 ($1.64 per diluted share), up substantially from $2,546,000 ($0.48 per diluted share) in 2024. Revenues were $7,520,000 in Q3 2025, down from $12,689,000 in Q3 2024. However, nine-month revenues increased to $38,516,000 from $31,833,000 year-over-year.
AMREP, a major landholder and leading real estate developer in New Mexico, notes that revenues and margins can vary significantly between periods due to factors including transaction timing and the type and location of land or homes being sold.
AMREP (NYSE:AXR) reported strong financial results for its fiscal 2025 second quarter. Net income reached $4,042,000 ($0.75 per diluted share), compared to $1,108,000 ($0.21 per diluted share) in the same period last year. Revenues increased to $11,906,000 from $8,854,000 year-over-year.
For the first six months of 2025, net income was $8,106,000 ($1.51 per diluted share), up from $2,454,000 ($0.46 per diluted share) in 2024. Six-month revenues grew to $30,997,000 from $19,143,000 in the previous year. The company, a major land holder and real estate developer in New Mexico, notes that revenues and margins can vary significantly between periods due to transaction timing and property characteristics.
AMREP (NYSE:AXR) reported strong financial results for its 2025 fiscal first quarter ended July 31, 2024. The company's net income surged to $4,064,000, or $0.76 per diluted share, compared to $1,346,000, or $0.25 per diluted share, in the same period last year. Revenues nearly doubled to $19,091,000 from $10,289,000 year-over-year.
As a major landholder and leading real estate developer in New Mexico, AMREP's performance can vary significantly between periods due to factors such as transaction timing and the type and location of properties sold. The company filed its Form 10-Q with the SEC, providing more detailed financial information.
AMREP (NYSE:AXR) reported net income of $6,690,000, or $1.25 per diluted share, for fiscal year 2024 ended April 30, 2024. This compares to net income of $21,790,000, or $4.11 per diluted share, for the previous year. Revenues increased to $51,369,000 in fiscal 2024 from $48,676,000 in fiscal 2023.
The 2024 results included $7,200,000 revenue from a property sale in Brighton, Colorado. The 2023 results had included a non-cash income tax benefit of $16,071,000 and a non-cash pre-tax pension settlement expense of $7,597,000. AMREP, through its subsidiaries, is a major landholder and real estate developer in New Mexico.
AMREP Corporation (NYSE:AXR) reported a significant increase in net income for the 2023 fiscal third quarter, achieving $16,574,000 or $3.12 per diluted share, compared to $910,000 or $0.12 per diluted share the previous year. For the first nine months of 2023, net income reached $22,107,000 or $4.17 per diluted share, up from $5,873,000 or $0.80 per diluted share in 2022. Revenues were $9,117,000 for Q3 and $35,975,000 for the first nine months, showing slight growth over the previous year. Notably, the company recognized a $2,336,000 pension settlement expense and a tax benefit of $16,071,000.
AMREP Corporation (NYSE:AXR) reported a strong performance for the fiscal second quarter ended October 31, 2022, with a net income of $3,621,000 ($0.68 per diluted share), up from $3,326,000 ($0.45 per diluted share) in the prior year. For the first six months, net income rose to $5,533,000 ($1.04 per diluted share) compared to $4,963,000 ($0.67 per diluted share) in 2022. Revenues also showed growth, totaling $16,149,000 and $26,856,000 for the second quarter and six-month periods, respectively, versus $16,112,000 and $26,098,000 last year.
