HAVERTOWN, PA — AMREP Corporation (NYSE: AXR) has announced significant growth in its financial results for the fiscal second quarter of 2025. The company reported net income of $4.04 million, or $0.75 per diluted share, for the quarter ending October 31, 2024. This marks a substantial increase from the $1.11 million, or $0.21 per diluted share, recorded during the same period last year.
Revenues for the quarter also saw a notable rise, reaching $11.91 million, up from $8.85 million in the fiscal second quarter of 2024. For the first six months of 2025, AMREP achieved net income of $8.11 million, or $1.51 per diluted share, compared to $2.45 million, or $0.46 per diluted share, for the same period in 2024. Revenues for the half-year period jumped to $30.99 million, significantly surpassing the $19.14 million recorded for the prior year.
The company attributed its performance to a combination of factors, including the nature and timing of transactions and the type and location of real estate developments. AMREP emphasized that these elements can lead to variability in revenues, selling prices, and gross margins for its land and home sales from quarter to quarter.
AMREP Corporation, a key developer and major landholder in New Mexico, continues to demonstrate strong financial momentum, with its latest performance underscoring a positive trajectory in its operations. While past results highlight growth, the nature of real estate means future periods may vary depending on transaction dynamics.
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