AMREP Corporation filings document financial results, real estate operations, governance matters and financing arrangements for its land development and homebuilding business. Periodic reports and related earnings 8-Ks describe revenue, net income, land sales, home sales, gross margins and risk factors tied to the timing, type and location of real estate transactions.
The company’s SEC record also includes disclosures on material definitive agreements, including subsidiary credit arrangements, and proxy materials covering director elections, executive compensation advisory votes, auditor ratification and shareholder voting results. Governance filings address board composition, common-stock voting matters and other public-company reporting obligations.
AMREP CORP. major shareholder James H. Dahl reported open-market purchases of a total of 8,000 common shares of AXR. He bought 5,000 shares on April 29, 2026 at a weighted average price of $27.7413 and 3,000 shares on May 1, 2026 at $27.85 per share, with each trade executed across multiple prices within disclosed ranges. Following these purchases, Dahl directly holds 486,977 common shares. The filing also lists 229,151 shares held in two IRA accounts, 94,120 shares held by Dahl Family Foundation, Inc., in which Dahl and his family have no pecuniary interest, and 173,750 shares held by Rainey E. Lancaster, who is reported as part of a group with Dahl for Section 13(d) purposes.
AMREP CORP. director Timothy S. McNaney reported an open-market purchase of 1,765 shares of Common Stock. The shares were bought on April 21, 2026 at a weighted average price of $28.17 per share, in multiple trades ranging from $27.97 to $28.20 per share.
Following this transaction, McNaney’s Individual Retirement Account holds 1,765 indirectly owned shares of AMREP CORP. common stock as reported in this filing.
AMREP CORP. ten percent owner James H. Dahl increased his position in AXR through open-market purchases. He bought 1,000 common shares at $27.6585 and 1,519 shares at $27.25, for a total of 2,519 shares. After these trades, he holds 478,977 shares directly, plus additional indirect holdings through IRA accounts and a trust.
AMREP CORP. 10% owner James H. Dahl bought additional shares of AXR in the open market. On March 31, he purchased 2,060 common shares at a weighted average price of $27.923 per share, with trade prices ranging from $27.60 to $28.131.
After this purchase, Dahl directly holds 476,458 common shares. IRA accounts associated with him hold a further 229,151 shares, and Dahl Family Foundation, Inc. holds 94,120 shares, in which he and his family have no pecuniary interest. Group member Rainey E. Lancaster holds 173,750 shares.
AMREP CORP. large shareholder James H. Dahl made open-market purchases of a total of 4,000 common shares on March 26, 2026 at prices around $25.44, $26.05 and $27.16 per share. Following these buys, he holds 474,398 common shares directly.
In addition, footnotes show 229,151 shares are held in IRA accounts associated with him, while 94,120 shares are held by Dahl Family Foundation, Inc., in which he and his family have no pecuniary interest. A further 173,750 shares are held by Rainey E. Lancaster, who is disclosed as part of a group with Dahl for Section 13(d) purposes.
AMREP CORP. insider buying activity: Ten percent owner James H. Dahl purchased 3,200 common shares of AMREP CORP. in an open-market transaction on March 2, 2026 at a weighted average price of $25.6939 per share. Following this purchase, he directly holds 470,398 common shares. The filing is an amendment that corrects a previously reported transaction date; an earlier Form 4 had incorrectly shown the date as March 3, 2026. The shares were bought in multiple trades at prices ranging from $25.50 to $26.42 per share.
AMREP Corporation reported sharply higher results for its fiscal third quarter ended January 31, 2026. Net income for the quarter rose to $3,147,000, or $0.58 per diluted share, compared to $717,000, or $0.13 per diluted share, a year earlier.
Third quarter revenues increased to $14,573,000 from $7,520,000, reflecting strong growth in its real estate and homebuilding operations. For the first nine months of 2026, net income was $9,039,000, or $1.68 per diluted share, compared with $8,823,000, or $1.64 per diluted share, on revenues of $41,823,000 versus $38,516,000 in 2025.
AMREP Corporation reported much stronger quarterly results, but with clear housing headwinds. For the three months ended January 31, 2026, revenue rose to $14.6 million from $7.5 million, driven mainly by higher land sale revenues and more home closings. Quarterly net income increased to $3.1 million versus $0.7 million, with diluted earnings per share improving to $0.58 from $0.13.
For the nine months, revenue grew to $41.8 million from $38.5 million, while net income edged up to $9.0 million from $8.8 million. Land sale gross margins were solid at 50% for the quarter and year‑to‑date. Cash, cash equivalents and restricted cash increased to about $50.5 million, and debt remained minimal at $21,000, reflecting a very conservative balance sheet and strong operating cash flow.
Management highlights significant industry challenges, including elevated construction and land costs, higher mortgage rates, and affordability pressures that are dampening demand. In response, the company has reduced and delayed some land development projects, offered sales incentives, and opportunistically leased completed homes. It also expects land sale revenue from developed residential land to decline in fiscal 2026 and 2027 compared to 2025, underscoring the importance of its growing homebuilding and rental activities.
AMREP CORP. insider James H. Dahl reported buying 3,200 common shares in an open-market transaction. The purchase occurred on March 3, 2026 at a weighted average price of $25.6939 per share, with individual trade prices ranging from $25.50 to $26.42 per share.
After this transaction, Dahl directly holds 470,398 common shares. The filing also shows 229,151 shares held in two IRA accounts and 94,120 shares held by Dahl Family Foundation, Inc., where Dahl and his family have no pecuniary interest. It further reports 173,750 shares held by Rainey E. Lancaster, who is identified as part of a group with Dahl for Section 13(d) purposes.
AMREP CORP. major shareholder James H. Dahl reported open-market purchases of a total of 7,000 common shares of AXR. He bought 5,000 shares on February 26, 2026 at a weighted average price of about $25.67 per share, and 876 and 1,124 shares on February 27, 2026 at weighted average prices of $25.65 and $26.23 per share, respectively. After these transactions, Dahl directly owned 467,198 common shares. The filing also lists additional indirect holdings in IRA accounts and a family foundation, plus shares held by Rainey E. Lancaster, who is reported as part of a group with Dahl under Section 13(d).