AMREP Reports First Quarter Fiscal 2025 Results
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) ha riportato risultati finanziari solidi per il primo trimestre fiscale 2025 terminato il 31 luglio 2024. Il reddito netto è salito a $4.064.000, ovvero $0,76 per azione totalmente diluita, rispetto a $1.346.000, o $0,25 per azione totalmente diluita, nello stesso periodo dell'anno scorso. I ricavi sono quasi raddoppiati a $19.091.000 rispetto a $10.289.000 anno su anno.
In quanto importante proprietario terriero e leader nel settore dello sviluppo immobiliare in Nuovo Messico, le performance di AMREP possono variare significativamente tra i diversi periodi a causa di fattori come il momento delle transazioni e il tipo e la posizione degli immobili venduti. L'azienda ha presentato il suo Modulo 10-Q alla SEC, fornendo informazioni finanziarie più dettagliate.
AMREP (NYSE:AXR) informó sobre resultados financieros sólidos para su primer trimestre fiscal 2025, finalizado el 31 de julio de 2024. El ingreso neto aumentó a $4,064,000, o $0.76 por acción diluida, en comparación con $1,346,000, o $0.25 por acción diluida, en el mismo periodo del año anterior. Los ingresos casi se duplicaron a $19,091,000 desde $10,289,000 en comparación interanual.
Como un importante propietario de tierras y un destacado desarrollador inmobiliario en Nuevo México, el rendimiento de AMREP puede variar significativamente entre períodos debido a factores como el tiempo de las transacciones y el tipo y ubicación de las propiedades vendidas. La empresa presentó su formulario 10-Q a la SEC, proporcionando información financiera más detallada.
AMREP (NYSE:AXR)는 2025 회계연도 첫 분기(2024년 7월 31일 마감)에 대한 우수한 재무 실적을 보고했습니다. 회사의 순이익은 $4,064,000, 즉 희석 주당 $0.76으로, 지난해 같은 기간의 $1,346,000, 즉 희석 주당 $0.25와 비교됩니다. 매출은 거의 두 배로 증가했습니다, 연간 $10,289,000에서 $19,091,000으로 증가했습니다.
신규 멕시코에서 주요 토지 소유자이자 선도적인 부동산 개발업체인 AMREP의 성과는 거래 시기와 판매된 부동산의 유형 및 위치와 같은 요인에 따라 기간마다 크게 달라질 수 있습니다. 회사는 SEC에 자신의 10-Q 양식을 제출하여 보다 자세한 재무 정보를 제공했습니다.
AMREP (NYSE:AXR) a annoncé de solides résultats financiers pour son premier trimestre fiscal 2025, se terminant le 31 juillet 2024. Le revenu net a augmenté à 4 064 000 $, soit 0,76 $ par action diluée, par rapport à 1 346 000 $, soit 0,25 $ par action diluée, au cours de la même période de l'année précédente. Les revenus ont presque doublé, passant de 10 289 000 $ à 19 091 000 $ d'une année sur l'autre.
En tant que propriétaire foncier majeur et développeur immobilier de premier plan au Nouveau-Mexique, la performance d'AMREP peut varier considérablement entre les périodes en raison de facteurs tels que la temporalité des transactions et la nature et l'emplacement des propriétés vendues. L'entreprise a soumis son formulaire 10-Q à la SEC, fournissant des informations financières plus détaillées.
AMREP (NYSE:AXR) berichtete über starke finanzielle Ergebnisse für das erste Quartal des Geschäftsjahres 2025, das am 31. Juli 2024 endete. Das Nettoeinkommen stieg auf $4.064.000, oder $0,76 pro verwässerter Aktie, im Vergleich zu $1.346.000, oder $0,25 pro verwässerter Aktie, im gleichen Zeitraum des Vorjahres. Die Einnahmen nahezu verdoppelt und betrugen $19.091.000 im Vergleich zu $10.289.000 im Jahresvergleich.
Als bedeutender Grundstückseigentümer und führender Immobilienentwickler in New Mexico können die Leistungen von AMREP je nach Zeitraum aufgrund von Faktoren wie dem Zeitpunkt der Transaktionen sowie der Art und Lage der verkauften Immobilien erheblich variieren. Das Unternehmen reichte sein Formular 10-Q bei der SEC ein und lieferte detailliertere Finanzinformationen.
- Net income increased by 202% year-over-year to $4,064,000
- Earnings per diluted share grew from $0.25 to $0.76
- Revenues rose by 85.5% to $19,091,000 compared to the previous year
- None.
Insights
AMREP 's Q1 FY2025 results show impressive growth, with revenues surging by
However, investors should note the company's caveat about the variability in revenues and margins due to the nature of real estate transactions. This volatility could impact future performance predictability. The increased share count, while minimal, indicates potential dilution, albeit offset by the significant earnings growth. Overall, these results reflect a strong quarter for AMREP, but sustainability of this growth rate will be key for long-term investors.
AMREP's stellar performance this quarter may indicate a robust real estate market in New Mexico, where the company operates. The substantial increase in revenues suggests strong demand for land and homes in the region. This could be driven by factors such as population growth, economic development, or shifts in housing preferences post-pandemic.
However, it's important to consider the cyclical nature of the real estate market. The company's warning about result variability is particularly relevant in this context. Investors should monitor broader economic indicators, interest rates and regional development plans to gauge the sustainability of this growth. Additionally, understanding AMREP's land inventory and development pipeline would provide insights into future revenue potential and the company's ability to capitalize on current market conditions.
HAVERTOWN, Pa., Sept. 13, 2024 (GLOBE NEWSWIRE) -- AMREP Corporation (NYSE:AXR) today reported net income of
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, | |||||||
| 2024 | 2023 | ||||||
| Revenues | $ | 19,091,000 | $ | 10,289,000 | |||
| Net income | $ | 4,064,000 | $ | 1,346,000 | |||
| Earnings per share – basic | $ | 0.77 | $ | 0.25 | |||
| Earnings per share – diluted | $ | 0.76 | $ | 0.25 | |||
| Weighted average number of common shares outstanding – basic | 5,309,000 | 5,292,000 | |||||
| Weighted average number of common shares outstanding – diluted | 5,353,000 | 5,325,000 | |||||
| CONTACT: | Adrienne M. Uleau Vice President, Finance and Accounting (610) 487-0907 | |
FAQ
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