Net income declined to $10.3 million in fiscal 2026 from $12.7 million the prior year, while revenues increased to $52.8 million. Earnings per share also decreased year-over-year, reflecting lower profitability despite higher sales.Original document: AMREP Corporation [AXR] SEC 8-K Current Report —…
AMREP CORP. reported fiscal 2026 revenue of $52.847M, up 6% from $49.694M a year earlier, while net income fell to $10.288M from $12.716M and diluted earnings per share declined to $1.91 from $2.37.Financial HighlightsBusiness HighlightsOriginal SEC Filing: AMREP CORP. [ AXR ] - 10-K - Jul. 24, 202…
HAVERTOWN, Pa., July 24, 2026 (GLOBE NEWSWIRE) -- AMREP Corporation NYSE:AXR today reported net income of $10,288,000, or $1.91 per diluted share, for its 2026 fiscal year ended April 30, 2026 compared to net income of $12,716,000, or $2.37 per diluted share, for the same period of the prior year…
Net income declined to $10.3 million on revenues of $52.8 million, with higher home sales offsetting lower land sales. Gross margins improved, but market headwinds and delays impacted results. The company expects reduced land sale revenues in FY2027 amid ongoing affordability and supply challenges…
