AMREP Reports Second Quarter Fiscal 2025 Results
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) ha riportato risultati finanziari solidi per il secondo trimestre dell'anno fiscale 2025. L'utile netto ha raggiunto 4.042.000 dollari (0,75 dollari per azione diluita), rispetto a 1.108.000 dollari (0,21 dollari per azione diluita) nello stesso periodo dell'anno scorso. I ricavi sono aumentati a 11.906.000 dollari, rispetto a 8.854.000 dollari anno su anno.
Per i primi sei mesi del 2025, l'utile netto è stato di 8.106.000 dollari (1,51 dollari per azione diluita), in aumento rispetto a 2.454.000 dollari (0,46 dollari per azione diluita) nel 2024. I ricavi semestrali sono cresciuti a 30.997.000 dollari, rispetto a 19.143.000 dollari nell'anno precedente. L'azienda, un importante proprietario terriero e sviluppatore immobiliare nel New Mexico, osserva che i ricavi e i margini possono variare significativamente tra i periodi a causa della tempistica delle transazioni e delle caratteristiche delle proprietà.
AMREP (NYSE:AXR) reportó resultados financieros sólidos para su segundo trimestre fiscal de 2025. La renta neta alcanzó $4,042,000 ($0.75 por acción diluida), en comparación con $1,108,000 ($0.21 por acción diluida) en el mismo período del año pasado. Los ingresos aumentaron a $11,906,000 desde $8,854,000 interanualmente.
En los primeros seis meses de 2025, la renta neta fue de $8,106,000 ($1.51 por acción diluida), frente a $2,454,000 ($0.46 por acción diluida) en 2024. Los ingresos semestrales crecieron a $30,997,000 desde $19,143,000 en el año anterior. La empresa, un importante propietario de tierras y desarrollador inmobiliario en Nuevo México, señala que los ingresos y márgenes pueden variar significativamente entre períodos debido a la temporalidad de las transacciones y las características de la propiedad.
AMREP (NYSE:AXR)는 2025 회계연도 2분기에 강력한 재무 결과를 보고했습니다. 순이익은 $4,042,000 (희석 주당 $0.75) 에 도달했으며, 이는 지난해 같은 기간의 $1,108,000 (희석 주당 $0.21)과 비교됩니다. 수익은 지난해 $8,854,000에서 $11,906,000으로 증가했습니다.
2025년 첫 6개월 동안, 순이익은 $8,106,000 (희석 주당 $1.51)로 증가했으며, 이는 2024년의 $2,454,000 (희석 주당 $0.46)에서 상승한 것입니다. 6개월 수익은 지난해 $19,143,000에서 $30,997,000으로 성장했습니다. 뉴멕시코의 주요 토지 소유자이자 부동산 개발업체인 이 회사는 거래 시기와 자산 특성에 따라 수익과 마진이 기간마다 크게 달라질 수 있음을 언급했습니다.
AMREP (NYSE:AXR) a annoncé des résultats financiers solides pour le deuxième trimestre de l'exercice fiscal 2025. Le bénéfice net a atteint 4 042 000 $ (0,75 $ par action diluée), contre 1 108 000 $ (0,21 $ par action diluée) au cours de la même période l'année précédente. Les revenus ont augmenté pour atteindre 11 906 000 $, contre 8 854 000 $ d'une année sur l'autre.
Pour les six premiers mois de 2025, le bénéfice net était de 8 106 000 $ (1,51 $ par action diluée), en hausse par rapport à 2 454 000 $ (0,46 $ par action diluée) en 2024. Les revenus semestriels ont augmenté pour atteindre 30 997 000 $ contre 19 143 000 $ l'année précédente. L'entreprise, un important propriétaire foncier et promoteur immobilier au Nouveau-Mexique, note que les revenus et les marges peuvent varier considérablement d'une période à l'autre en raison du calendrier des transactions et des caractéristiques des biens.
AMREP (NYSE:AXR) berichtete über starke Finanzergebnisse für das zweite Quartal des Geschäftsjahres 2025. Der Nettogewinn erreichte 4.042.000 $ (0,75 $ pro verwässerter Aktie), verglichen mit 1.108.000 $ (0,21 $ pro verwässerter Aktie) im gleichen Zeitraum des Vorjahres. Die Einnahmen stiegen auf 11.906.000 $ von 8.854.000 $ im Jahresvergleich.
In den ersten sechs Monaten des Jahres 2025 betrug der Nettogewinn 8.106.000 $ (1,51 $ pro verwässerter Aktie), im Vergleich zu 2.454.000 $ (0,46 $ pro verwässerter Aktie) im Jahr 2024. Die sechsmonatigen Einnahmen stiegen auf 30.997.000 $ von 19.143.000 $ im Vorjahr. Das Unternehmen, ein bedeutender Grundstückseigentümer und Immobilienentwickler in New Mexico, weist darauf hin, dass die Einnahmen und Margen zwischen den Zeiträumen aufgrund von Transaktionszeitpunkten und Eigenschaften der Immobilien erheblich variieren können.
- Net income increased by 265% to $4,042,000 in Q2 FY2025
- Q2 FY2025 revenues grew by 34.5% to $11,906,000
- Six-month revenues increased by 62% to $30,997,000
- Six-month net income rose by 230% to $8,106,000
- None.
Insights
AMREP's Q2 FY2025 results showcase remarkable growth, with net income surging by
The significant margin expansion, evidenced by EPS growth outpacing revenue growth, indicates improved operational efficiency and potentially favorable pricing in their real estate developments. However, investors should note the company's cautionary statement about revenue and margin volatility due to the nature of real estate transactions. With a market cap of
The substantial earnings growth reflects strong execution in AMREP's New Mexico real estate operations. The
The increased diluted share count indicates modest equity-based compensation or warrant exercises, but the impact on shareholders remains minimal. The company's warning about period-to-period variations is particularly relevant in the current real estate market, where timing of closings and regional market conditions can significantly impact quarterly results.
HAVERTOWN, Pa., Dec. 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 October 31, | ||||||
| 2024 | 2023 | |||||
| Revenues | $ | 11,906,000 | $ | 8,854,000 | ||
| Net income | $ | 4,042,000 | $ | 1,108,000 | ||
| Earnings per share – basic | $ | 0.76 | $ | 0.21 | ||
| Earnings per share – diluted | $ | 0.75 | $ | 0.21 | ||
| Weighted average number of common shares outstanding – basic | 5,320,000 | 5,301,000 | ||||
| Weighted average number of common shares outstanding – diluted | 5,374,000 | 5,339,000 | ||||
| Six Months Ended October 31, | ||||||
| 2024 | 2023 | |||||
| Revenues | $ | 30,997,000 | $ | 19,143,000 | ||
| Net income | $ | 8,106,000 | $ | 2,454,000 | ||
| Earnings per share – basic | $ | 1.53 | $ | 0.46 | ||
| Earnings per share – diluted | $ | 1.51 | $ | 0.46 | ||
| Weighted average number of common shares outstanding – basic | 5,314,000 | 5,296,000 | ||||
| Weighted average number of common shares outstanding – diluted | 5,367,000 | 5,333,000 | ||||
| CONTACT: | Adrienne M. Uleau |
| Vice President, Finance and Accounting | |
| (610) 487-0907 |
FAQ
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