AMREP Reports First Quarter Fiscal 2026 Results

Financial Performance - AMREP Corporation reported net income of $4,692,000, or $0.87 per diluted share, for the first quarter of fiscal 2026, an increase from $4,064,000, or $0.76 per diluted share, in the same period of the prior year [1] - Revenues for the first quarter of 2026 were $17,851,000, down from $19,091,000 in the first quarter of 2025 [1][5] - Basic earnings per share increased to $0.88 from $0.77 year-over-year, while diluted earnings per share rose to $0.87 from $0.76 [5] Company Overview - AMREP Corporation is a major holder of land and a leading developer of real estate, as well as an award-winning homebuilder in New Mexico [3]