AMREP Q3 Net Income Surges to $3.15M on $14.57M Revenue
AMREP’s fiscal Q3 net income jumped to $3.147M, or $0.58 per share, from $717K, or $0.13 per share, on revenues of $14.57M, nearly double last year. Nine months ended Jan 31, net income rose to $9.04M, or $1.68 per share, on $41.82M revenue versus $8.82M on $38.52M a year earlier.
1. Third Quarter Financial Results
AMREP reported net income of $3,147,000, or $0.58 per diluted share, for the quarter ended January 31, 2026, compared to $717,000, or $0.13 per share, in the prior year period. Revenues rose to $14,573,000 from $7,520,000, driven by timing and transaction mix in land and home sales.
2. Nine-Month Cumulative Performance
For the nine months ended January 31, 2026, net income increased to $9,039,000, or $1.68 per diluted share, on revenues of $41,823,000 from $8,823,000 and $38,516,000 respectively a year earlier, reflecting steady operational gains across development and homebuilding segments.
3. Land Development and Homebuilding Operations
AMREP, a major landholder and leading real estate developer in New Mexico, continues to see fluctuating margins depending on transaction timing, land type and location, suggesting variability in future period results.