HAVERTOWN, PA — AMREP Corporation (NYSE: AXR) has announced impressive financial results for its fiscal first quarter of 2025, ending July 31. The company reported a net income of $4,064,000, or $0.76 per diluted share, marking a significant increase from the $1,346,000, or $0.25 per share, recorded in the same period last year. Revenues also saw a notable rise, reaching $19,091,000, up from $10,289,000 in the previous year.
This growth emphasizes AMREP’s strength in the real estate sector, where it operates as a major landholder and leading developer in New Mexico. The company is recognized for its award-winning homebuilding efforts, contributing to its robust financial performance. AMREP’s fiscal success highlights its strategic prowess in navigating the complexities of the real estate market.
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