AMREP(US:AXR) Globenewswire·2025-12-12 21:35Core Insights - AMREP Corporation reported a significant decline in net income for the second quarter of fiscal 2026, with net income of $1,200,000 or $0.22 per diluted share, compared to $4,042,000 or $0.75 per diluted share in the same period of the previous year [1][5] - For the first six months of fiscal 2026, net income was $5,892,000 or $1.09 per diluted share, down from $8,106,000 or $1.51 per diluted share in the same period of 2025 [1][5] - Revenues for the second quarter of 2026 were $9,398,000, a decrease from $11,906,000 in the same quarter of 2025, and for the first six months of 2026, revenues were $27,250,000 compared to $30,997,000 in the prior year [1][5] Financial Performance - The company’s revenues for the three months ended October 31, 2025, were $9,398,000, down 21% from $11,906,000 in 2024 [5] - Net income for the same period decreased by 70% from $4,042,000 in 2024 to $1,200,000 in 2025 [5] - For the six months ended October 31, 2025, revenues were $27,250,000, a decline of 12% from $30,997,000 in 2024 [5] - Net income for the first half of 2026 was $5,892,000, down 27% from $8,106,000 in the same period of 2025 [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]