AMREP Corporation Reports Significant Revenue Growth and Strong Q3 Net Income in Latest Filing

Company Overview: AMREP Corporation (NYSE: AXR) is primarily engaged in land development and homebuilding, with no foreign sales. The company recently filed its quarterly report for the period ended January 31, 2025.

Recent Financial Performance:

• Net Income: For Q3 2025, AMREP reported a net income of $717,000 ($0.13 per diluted share) compared to $92,000 ($0.02 per diluted share) in Q3 2024. For the first nine months, net income was $8,823,000 ($1.64 per diluted share), up from $2,546,000 ($0.48 per diluted share) year-over-year.
• Revenue Growth: Total revenues reached $38.5 million for the nine months ended January 31, 2025, a 21% increase from $31.8 million in the prior year. Home sale revenues soared by 93%, reflecting increased unit sales.
• Land Sale Revenues: Decreased to $2.9 million in Q3 2025, down 28% from $4.0 million in Q3 2024. Continued monitoring of market conditions and the impact on demand will be essential for future success.