HAVERTOWN, PA — AMREP Corporation (NYSE: AXR) announced a marked improvement in financial performance for its fiscal third quarter ending January 31, 2025, and the first nine months of the fiscal year. The company achieved net income of $717,000, or $0.13 per diluted share, for the third quarter, a significant rise from $92,000, or $0.02 per diluted share, in the same period last year.
For the nine-month period of 2025, AMREP reported net income of $8,823,000, or $1.64 per diluted share, compared to $2,546,000, or $0.48 per diluted share, for the same period in 2024. Total revenues for the third quarter reached $7,520,000, down from $12,689,000 in Q3 2024. However, revenue for the first nine months of 2025 rose to $38,516,000 from $31,833,000 in the prior year.
The company noted that fluctuations in revenues and margins are influenced by variations in transaction timing and the type and location of properties sold, emphasizing that past financial results may not predict future performance.
AMREP Corporation, a key player in New Mexico’s real estate market, specializes in landholding, development, and homebuilding activities and has maintained its position as a significant contributor to the region’s housing sector.
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