AXR
AMREP Corporation19.21
-0.04-0.21%
Dec 16, 4:00:02 PM EST
Earnings Call Transcripts
This Quarter (Q1 '26)
No earnings call transcript available yet
Last Quarter (Q4 '25)
No earnings call transcript available
Key Stats
Market Cap
101.93MP/E (TTM)
9.85Basic EPS (TTM)
1.95Dividend Yield
0%Recent Filings
8-K
Q3 net income surges
AMREP Corporation reported Q3 fiscal 2026 net income of $3.1M ($0.58/share), up sharply from $0.7M ($0.13/share) last year, driven by revenues doubling to $14.6M. Nine-month net income hit $9.0M ($1.68/share) versus $8.8M prior. Results fluctuate with land and home sales timing. Volatility persists.
10-Q
Q3 FY2026 results
AMREP surged to $14.6M total revenues for Q3 FY2026 ended January 31, 2026, up 94% y/y from $7.5M, driven by land sales jumping 184% y/y to $8.3M while homes added 33% y/y to $5.4M; operating income climbed to $3.0M from $0.4M, with diluted EPS at $0.58 versus $0.13. YTD revenues rose 9% y/y to $41.8M, operating income up 20% y/y to $10.3M, and diluted EPS edged to $1.68 from $1.64 on steady 5,384k diluted shares. Cash swelled to $50.0M including $49.7M unrestricted, operations generated $10.7M cash, free cash flow $10.6M (derived), with $21k equipment notes at 2.35% due 2028 and $4.4M revolver availability. Land development carried one customer for 55% of Q3 sales. Affordability pressures linger.
8-K
Appoints homebuilder vet to board
AMREP appointed Timothy S. McNaney, retired co-President of New Mexico homebuilder Twilight Homes, to its board effective January 27, 2026, expanding from four to five directors and adding him to Class III. The board scrapped its 30,000-share ownership policy for non-employee directors. McNaney brings deep homebuilding and land development expertise. Board declassified partially via bylaw tweak.
10-Q
Q1 FY2026 results
AMREP's Q1 FY2026 revenues fell 21% y/y to $9.4M (ended October 31, 2025), with land sales plunging 86% y/y to $825K on fewer developed lots, yet home sales jumped 45% y/y to $7.7M from 18 closings. Operating income dropped to $1.1M but gross margins expanded—land to 80%, homes to 25%—thanks to reimbursements and mix. Cash swelled to $44.6M, operations generated $5.3M, free cash flow $5.2M after $80K capex; revolver offers $4.4M availability, debt negligible at $23K. Diluted EPS reconciles cleanly at $0.22. Balance sheet shines. Housing affordability weighs.
8-K
Q2 earnings drop sharply
AMREP reported Q2 fiscal 2026 net income of $1.2M ($0.22/share), down from $4.0M ($0.75/share) last year, with revenues at $9.4M versus $11.9M. Six-month net income fell to $5.9M ($1.09/share) from $8.1M ($1.51/share), revenues $27.3M from $31.0M. Volatility stems from transaction timing. Results vary sharply period to period.
IPO
Website
Employees
Sector
Industry
ABCP
AmBase Corp.
0.20+0.01
AMH
American Homes 4 Rent
31.40-0.01
ARL
American Realty Investors, Inc.
16.26+0.16
DREM
Dream Homes & Development Corpo
0.02-0.00
FOR
Forestar Group Inc
26.83+0.17
FRPH
FRP Holdings, Inc.
23.44+0.34
MLP
Maui Land & Pineapple Company,
16.81-0.17
MRP
Millrose Properties, Inc.
30.78-0.86
SRRE
Sunrise Real Estate Group, Inc.
0.13+0.00
TMHC
Taylor Morrison Home Corporatio
61.14-1.09