MarketPR
Revenue of $52,847,000 for the fiscal year ended April 30, 2026 marks a gain for AMREP Corporation (NYSE: AXR) over the $49,694,000 posted in fiscal 2025.
Net income, though, slipped to $10,288,000, or $1.91 per diluted share, from $12,716,000, or $2.37 per diluted share, the year before.
The full financial statements are in the Form 10-K filed with the SEC on July 24, 2026. The land book AMREP holds, develops, and builds homes on land in New Mexico, managed from its Havertown, Pennsylvania headquarters.
The top-line gain arrived while the bottom line contracted, and the company's filing explains why in plain terms: revenues, average selling prices, and gross margins from land and home sales can shift significantly by period, driven by which specific transactions closed and the type and location of the land or homes involved.
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