HAVERTOWN, PA — AMREP Corporation (NYSE: AXR) reported net income of $3.1 million for its fiscal third quarter ended January 31, 2026, up from $717,000 in the same quarter a year earlier.
Diluted earnings per share rose to $0.58 for the quarter, compared with $0.13 per share in the prior-year period.
Quarterly revenue totaled $14.6 million, compared with $7.5 million in the third quarter of 2025.
For the first nine months of fiscal 2026, the company reported net income of $9.0 million, or $1.68 per diluted share, compared with $8.8 million, or $1.64 per diluted share, for the same period in 2025.
Revenue for the nine-month period totaled $41.8 million, compared with $38.5 million a year earlier.
AMREP said additional details about its financial results are available in its Form 10-Q filed with the U.S. Securities and Exchange Commission.
The company noted that revenue, selling prices, and profit margins related to land and home sales can vary significantly between reporting periods due to the timing and nature of transactions.
AMREP, headquartered in Havertown, Pennsylvania, develops residential real estate and homebuilding projects through subsidiaries operating primarily in New Mexico.
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