AMREP FY26 net income falls 19.09% to $10.29 million; revenue rises 6.35% to $52.85 million

AXR•2026-07-24

AMREP posted net income of USD 10.29 million, down 19.09% year over year, with diluted EPS of USD 1.91 versus USD 2.37.
Revenue rose 6.34% to USD 52.85 million, driven by home sale revenue of USD 28.71 million versus USD 21.25 million.
Land sale revenue fell to USD 20.58 million from USD 25.65 million, while operating income edged up to USD 12.39 million from USD 12.11 million.
General and administrative expenses climbed to USD 9.03 million from USD 7.28 million, while interest income, net increased to USD 1.73 million from USD 1.62 million.

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