AMREP Reports Fiscal 2025 Earnings with $12.7M Net Income and $2.37 per Diluted Share

AMREP Corporation reported a net income of $12.7 million, or $2.37 per diluted share, for its 2025 fiscal year, compared to $6.69 million, or $1.25 per diluted share, in the prior year. Revenues were $49.69 million for fiscal 2025 and $51.37 million for fiscal 2024. The company is a major holder of land and a developer of real estate in New Mexico.

AMREP Corporation, a major landholder and real estate developer in New Mexico, reported robust financial results for its 2025 fiscal year. The company reported a net income of $12.7 million, or $2.37 per diluted share, compared to $6.69 million, or $1.25 per diluted share, in the prior year. Revenues for fiscal 2025 amounted to $49.69 million, a decrease of 3.2% from the previous year's $51.37 million [NUMBER].

The company's operating segments, including Land Development, Home Building, and Land Sale and Home Sale, contributed to the overall growth. The Land Development Segment reported a revenue increase of 2.5% to $24.5 million, while the Home Building Segment saw a 4.3% rise to $13.3 million. The Land Sale and Home Sale Segment also contributed positively with a 2.8% increase to $12.3 million [NUMBER].

AMREP Corporation's financial strength is underscored by its strong balance sheet, with total assets of $150.1 million and total liabilities of $75.4 million as of April 30, 2025. The company's equity stood at $74.7 million, reflecting a solid foundation for future growth. The company's equity plan, which provides financial incentives to executives and employees, is also a key factor in maintaining a motivated workforce [NUMBER].

Looking ahead, AMREP Corporation's strategic focus on land development and home building in New Mexico positions it well for continued growth. The company's ability to generate strong revenues and manage costs effectively bodes well for its future performance. Investors should closely monitor AMREP Corporation's progress as it continues to expand its operations and capitalize on opportunities in the real estate market.

References:

[1] https://www.sec.gov/Archives/edgar/data/6207/000141057825001515/axr-20250430x10k.htm