AMREP(US:AXR) Globenewswire·2026-03-12 20:30Core Viewpoint - AMREP Corporation reported significant growth in net income and revenues for the third quarter and first nine months of fiscal 2026 compared to the same periods in the previous year, indicating strong financial performance and operational efficiency [1]. Financial Performance - For the third quarter of fiscal 2026, AMREP's revenues reached $14,573,000, a substantial increase from $7,520,000 in the same quarter of 2025, representing an increase of approximately 94.5% [5]. - The net income for the third quarter of 2026 was $3,147,000, compared to $717,000 in the third quarter of 2025, marking a growth of about 339.5% [5]. - For the first nine months of fiscal 2026, revenues totaled $41,823,000, up from $38,516,000 in the same period of 2025, reflecting an increase of approximately 6.0% [5]. - The net income for the first nine months of 2026 was $9,039,000, compared to $8,823,000 for the same period in 2025, which is an increase of about 2.4% [5]. - Earnings per share (diluted) for the third quarter of 2026 were $0.58, up from $0.13 in the same quarter of 2025, showing a significant increase of approximately 346.2% [5]. - For the first nine months of 2026, diluted earnings per share were $1.68, compared to $1.64 in the same period of 2025, indicating a modest increase of about 2.4% [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 located in New Mexico [3].