AMREP stock reports a 66.1 percent fiscal Q1 revenue drop

Published on 10/07/2026 at 01:45 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

AMREP stock's fiscal Q1 net income fell to USD 276,000 from USD 4.692 million on July 31, 2026. Three analysts held a Hold consensus with a USD 22.00 average target.

AXR, US0321591051, Illustration mit AI erstellt.

AMREP stock (ISIN US0321591051) was last at USD 21.14 on the NYSE on October 6, 2026 at 4:00 p.m. ET, after the company reported a sharp fiscal first-quarter slowdown. The result was driven by weaker land and home sales, while the company continues to build its homebuilding pipeline.

Revenue falls in fiscal Q1

According to AMREP Corporation on September 11, 2026, revenue for the quarter ended July 31, 2026 fell to USD 6.051 million from USD 17.851 million in the prior-year quarter. That represents a 66.1 percent decline and makes the latest result the central operating issue for AXR.

Net income dropped to USD 276,000 from USD 4.692 million, while diluted EPS fell to USD 0.05 from USD 0.87. Operating results moved from income of USD 6.146 million in the prior-year quarter to an operating loss of USD 163,000.

Homebuilding becomes more important

The Globe and Mail reported on September 16, 2026 that AMREP sold 12 homes in the quarter, compared with 22 a year earlier, while the average selling price declined to USD 407,000 from USD 434,000. Home sale gross margin also fell to 23 percent from 25 percent.

As of July 31, 2026, AMREP had 83 homes in production, including 23 under contract representing USD 12.5 million of expected home sale revenue. Cash, U.S. government securities and restricted cash totaled USD 49.1 million, compared with USD 52.7 million on April 30, 2026.

Analysts keep a Hold view

According to MarketBeat on October 3, 2026, three analysts rated AMREP Hold and the average price target was USD 22.00. Freedom Broker reduced its target from USD 26.00 to USD 22.00 on September 15, 2026, leaving the consensus target 4.1 percent above AXR's USD 21.14 price.

AMREP's valuation now reflects a contrast between weak quarterly earnings and a balance sheet that still carries substantial liquidity. The next period will show whether the 83-home production base can offset the reduced contribution from land sales during fiscal 2027.

AXR trades below its yearly high

AXR was last at USD 21.14 on the NYSE on October 6, 2026 at 4:00 p.m. ET. Its 52-week range was USD 17.61 to USD 29.01, while the market capitalization stood at USD 112.2 million and trading volume was 5,150 shares.