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AMREP Corporation (NYSE:AXR) reported on September 11 that revenue fell 66% to $6.1 million for the fiscal first quarter ended July 31, 2026, from $17.9 million a year earlier. Net income dropped to $276,000 from $4.7 million. Land-sale revenue declined to $173,000 from $7.5 million, while home-sale revenue fell to $4.9 million from $9.6 million. […]
HAVERTOWN, Pa., Sept. 11, 2026 (GLOBE NEWSWIRE) -- AMREP Corporation (NYSE:AXR) today reported net income of $276,000, or $0.05 per diluted share, for its 2027 fiscal first quarter ended July 31, 2026 compared to net income of $4,692,000, or $0.87 per diluted share, for the same period of the prior year. Revenues were $6,051,000 for the first quarter of 2027 and $17,851,000 for the first quarter of 2026. More information about the Company’s financial performance may be found in AMREP Corporation
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