Welcome to our dedicated page for AMREP news (Ticker: AXR), a resource for investors and traders seeking the latest updates and insights on AMREP stock.
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.
Bookmark this page for ongoing insights into AMREP's land transformation projects and market strategies. Check regularly for authoritative updates directly affecting analysis of this dual-segment real estate operator's business trajectory.
AMREP Corporation (AXR) reported a net income of $1,912,000, or $0.36 per diluted share, for its first fiscal quarter ended July 31, 2022, compared to $1,637,000, or $0.22, in the same period last year. Revenues increased to $11,232,000 from $10,507,000 year-over-year. The company maintains a strong position as a significant landholder and real estate developer in New Mexico, with financial details further available in their Form 10-Q.
AMREP Corporation (AXR) reported a significant increase in net income for the fiscal year ending April 30, 2022, totaling $15.86 million or $2.21 per diluted share, compared to $7.39 million or $0.95 per diluted share in the prior year. Revenues soared to $62.48 million, up from $40.07 million. Key contributors included $7.11 million from land sales and $8.44 million from building sales in multiple locations. The company's strong performance reflects its strategic real estate holdings and development activities in New Mexico.
AMREP Corporation (NYSE:AXR) reported a net income of $910,000, or $0.12 per diluted share, for Q3 2022, a decline from $2,093,000, or $0.28 per diluted share, in Q3 2021. However, YTD net income rose to $5,873,000, or $0.80 per diluted share, compared to $3,484,000, or $0.44 per diluted share, in the same period the previous year. Revenues for Q3 were $9,816,000, up from $7,864,000 in Q3 2021, and for the first nine months of 2022, revenues reached $36,559,000 versus $21,326,000 in 2021.
AMREP Corporation (AXR) announced strong financial results for its fiscal second quarter ended October 31, 2021, reporting a net income of $3,326,000 or $0.45 per diluted share, compared to $798,000 or $0.10 per diluted share in the previous year. For the first half of 2022, net income reached $4,963,000 or $0.67 per diluted share, up from $1,391,000 or $0.17 per diluted share in the same period of 2021. Revenues increased to $16,236,000 for the second quarter and $26,743,000 for the first six months, reflecting substantial year-over-year growth.
AMREP Corporation (NYSE:AXR) announced significant growth in its fiscal Q1 2022, reporting a net income of $1,637,000, or $0.22 per diluted share, a marked increase from $593,000, or $0.07 per diluted share in Q1 2021. Total revenues soared to $10,507,000 from $4,206,000 year-over-year. These results reflect AMREP's robust performance in land holdings and real estate development in New Mexico. Comprehensive financial details are available in the company’s 10-Q filings with the SEC.
AMREP Corporation (AXR) reported a significant turnaround for the fiscal year ending April 30, 2021, achieving net income of $7,392,000 or $0.95 per diluted share, compared to a net loss of $5,903,000 or $0.73 per share for the previous year. Revenues soared to $40,069,000, up from $18,783,000 in fiscal 2020. This performance showcases a robust recovery and growth in the real estate sector, positioning the company as a strong player in land development and homebuilding, particularly in New Mexico.
AMREP Corporation (NYSE: AXR) announced the appointment of Christopher V. Vitale as a director. Vitale, who has been the Chief Executive Officer since September 2017, is noted for his significant contributions to AMREP's operations since joining in 2013. Edward B. Cloues, II, AMREP’s Chairman, praised Vitale's deep understanding of the real estate sector and his role in expanding the company. AMREP specializes in land holding, real estate development, and homebuilding in New Mexico.
AMREP Corporation (AXR) reported a significant increase in net income for the third quarter of fiscal 2021, achieving $2,093,000 ($0.29 per share), compared to $338,000 ($0.04 per share) during the same period last year. For the first nine months of 2021, the company posted a net income of $3,484,000 ($0.44 per share), a recovery from a net loss of $2,027,000 in the prior year. Revenues for the quarter rose to $7,864,000 from $5,287,000, indicating robust performance in the real estate sector in New Mexico.
AMREP Corporation (AXR) reported a net income of $798,000 or $0.10 per share for Q2 2021, in contrast to a net loss of $2,169,000 or ($0.27) per share in the same quarter of 2020. For the first half of 2021, net income reached $1,391,000 or $0.17 per share compared to a net loss of $2,365,000 or ($0.29) per share in 2020. The revenue for Q2 was $9,256,000, significantly up from $3,960,000 in Q2 2020. This performance marks a recovery from previous losses, showcasing the company's ongoing operational improvements.
AMREP Corporation (NYSE: AXR) reported a net income of $593,000 or $0.07 per share for the first quarter of fiscal 2021, a turnaround from a net loss of $196,000 or $(0.02) per share in the previous year. Revenues decreased to $4.21 million, down from $4.77 million year-over-year. The board of directors has been reduced from four to three members following the resignation of Theodore J. Gaasche. AMREP primarily develops real estate in New Mexico.
