AMREP(US:AXR) Globenewswireยท2025-03-07 21:25Core Viewpoint - AMREP Corporation reported significant growth in net income and revenues for the third quarter and first nine months of fiscal 2025 compared to the same periods in 2024, indicating a positive financial performance trend [1][5]. Financial Performance - For the third quarter ended January 31, 2025, AMREP's net income was $717,000, or $0.13 per diluted share, compared to $92,000, or $0.02 per diluted share in the same quarter of 2024 [1][5]. - For the first nine months of fiscal 2025, net income reached $8,823,000, or $1.64 per diluted share, up from $2,546,000, or $0.48 per diluted share in the prior year [1][5]. - Revenues for the third quarter of 2025 were $7,520,000, a decrease from $12,689,000 in the same quarter of 2024, while revenues for the first nine months increased to $38,516,000 from $31,833,000 year-over-year [1][5]. Shareholder Metrics - The weighted average number of common shares outstanding for the third quarter was 5,321,000 (basic) and 5,381,000 (diluted) in 2025, compared to 5,303,000 (basic) and 5,346,000 (diluted) in 2024 [5]. - For the first nine months, the weighted average number of common shares outstanding was 5,316,000 (basic) and 5,376,000 (diluted) in 2025, compared to 5,299,000 (basic) and 5,341,000 (diluted) in 2024 [5]. Company Overview - AMREP Corporation is a major landholder and a leading developer of real estate, as well as an award-winning homebuilder located in New Mexico [3].