Earnings ·
AMREP Corporation reported first-quarter fiscal 2027 results for the period ended July 31, 2026
AXRAmrep Corp.
AMREP Corporation reported first-quarter fiscal 2027 results for the period ended July 31, 2026. Revenues declined to $6,051,000 from $17,851,000 in the prior year period, while net income fell sharply to $276,000, or $0.05 per diluted share, compared to $4,692,000, or $0.87 per diluted share previously. Additionally, shareholders approved the AMREP Corporation 2026 Equity Compensation Plan at the annual meeting held on September 10, 2026. The company operates in the real estate development and homebuilding industry.