| AMREP Reports Third Quarter Fiscal 2025 Results |
HAVERTOWN, Pa., March 07, 2025 (GLOBE NEWSWIRE) -- AMREP Corporation (NYSE:AXR) today reported net income of $717,000, or $0.13 per diluted share, for its 2025 fiscal third quarter ended January 31, 2025 compared to net income of $92,000, or $0.02 per diluted share, for the same period of the prior year. For the first nine months of 2025, AMREP had net income of $8,823,000, or $1.64 per diluted share, compared to net income of $2,546,000, or $0.48 per diluted share, for the same period of 2024. Revenues were $7,520,000 and $38,516,000 for the third quarter and first nine months of 2025 and $12,689,000 and $31,833,000 for the third quarter and first nine months of 2024. |
globenewswire.com |
2025-03-07 18:25:00 |
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| AMREP Has Become Attractive After Its Recent Correction |
AMREP Corporation, a small-cap real estate company, has a solid long-term growth record and outperformed the S&P 500 over 1, 5, and 10 years. Despite current economic challenges, including high inflation and mortgage rates, AMREP's fiscal 2025 performance has been strong, with significant revenue and earnings growth. AMREP's rock-solid balance sheet, with no long-term debt and substantial net cash, enhances its resilience and attractiveness, especially given its cheap valuation. |
seekingalpha.com |
2025-01-23 04:50:16 |
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| The Zacks Analyst Blog Berkshire Hathaway, The Home Depot, Pfizer and AMREP |
Berkshire Hathaway, The Home Depot, Pfizer and AMREP are included in this Analyst Blog. |
zacks.com |
2025-01-03 05:46:22 |
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| AXR Stock Dips After Reporting Q2 Earnings, Revenues Surge Y/Y |
AMREP posts strong revenue growth in second-quarter fiscal 2025, driven by strong land and home sales, but rising costs and market challenges weigh on the outlook. |
zacks.com |
2024-12-18 13:46:08 |
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| AMREP Reports Second Quarter Fiscal 2025 Results |
HAVERTOWN, Pa., Dec. 13, 2024 (GLOBE NEWSWIRE) -- AMREP Corporation (NYSE:AXR) today reported net income of $4,042,000, or $0.75 per diluted share, for its 2025 fiscal second quarter ended October 31, 2024 compared to net income of $1,108,000, or $0.21 per diluted share, for the same period of the prior year. For the first six months of 2025, AMREP had net income of $8,106,000, or $1.51 per diluted share, compared to net income of $2,454,000, or $0.46 per diluted share, for the same period of 2024. Revenues were $11,906,000 and $30,997,000 for the second quarter and first six months of 2025 and $8,854,000 and $19,143,000 for the second quarter and first six months of 2024. |
globenewswire.com |
2024-12-13 18:40:00 |
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| 2 Small Caps: Should You Bet the "House"? |
HOV and AXR are two housing plays approaching different geographical markets. |
zacks.com |
2024-10-29 17:56:11 |
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| AXR Experiences Stock Surge Amidst Real Estate Sector Volatility |
Amrep Corp (AXR, Financial), a player in the real estate sector, witnessed a significant stock movement with a 5.23% rise in share price. The stock reached $29.99 per share with a trading volume of 14,994 shares and a turnover rate of 0.28%. |
gurufocus.com |
2024-10-04 19:55:46 |
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| AMREP Corporation's Assets Are Perfectly Placed To Benefit From Future Rate Cuts |
AMREP offers an enormous amount of value at a very cheap price, while concurrently having better safety nets than most other businesses, real estate, or otherwise. The company has demonstrated consistent revenue growth and profitability, making it a compelling investment opportunity. AMREP's owns over 16,000 acres of property just outside of Albuquerque, New Mexico. |
seekingalpha.com |
2024-10-01 04:50:27 |
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| AXR Stock Flat Despite Q1 Earnings Surge, Improvement in Revenues |
AMREP's overall top line benefits from growth in all the revenue sources. |
zacks.com |
2024-09-16 18:10:53 |
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| AMREP Reports First Quarter Fiscal 2025 Results |
HAVERTOWN, Pa., Sept. 13, 2024 (GLOBE NEWSWIRE) -- AMREP Corporation (NYSE:AXR) today reported net income of $4,064,000, or $0.76 per diluted share, for its 2025 fiscal first quarter ended July 31, 2024 compared to net income of $1,346,000, or $0.25 per diluted share, for the same period of the prior year. Revenues were $19,091,000 for the first quarter of 2025 and $10,289,000 for the first quarter of 2024. |
globenewswire.com |
2024-09-13 20:40:00 |
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| Zacks Initiates Coverage of AMREP With Neutral Recommendation |
Discover why Zacks rates AMREP as "Neutral", being the first on Wall Street to initiate coverage on the stock. Explore AXR's strategic positioning and financial health amid market challenges. |
zacks.com |
2024-07-29 15:56:06 |
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| AMREP (AXR) FY24 Earnings Decline, Revenues Record Improvement |
AMREP's (AXR) overall top line benefits from revenue growth in the majority of the revenue sources. |
zacks.com |
2024-07-24 17:21:03 |
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| AMREP Reports Fiscal 2024 Results |
HAVERTOWN, Pa., July 23, 2024 (GLOBE NEWSWIRE) -- AMREP Corporation (NYSE:AXR) today reported net income of $6,690,000, or $1.25 per diluted share, for its 2024 fiscal year ended April 30, 2024 compared to net income of $21,790,000, or $4.11 per diluted share, for the same period of the prior year. Revenues were $51,369,000 for fiscal 2024 and $48,676,000 for fiscal 2023. |
globenewswire.com |
2024-07-23 20:35:00 |
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| Long-Term Growth Prospects On AMREP's Assets |
AMREP Corporation owns a significant amount of land in Rio Rancho, New Mexico, positioning them to benefit from population growth in the area. The company has, to an extent, control over the rate at which subdivisions and building projects are developed, providing price protection. Rio Rancho is experiencing a growing population due to Albuquerque's very limited ability to expand. |
seekingalpha.com |
2024-05-31 15:36:24 |
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| AMREP Reports Third Quarter Fiscal 2024 Results |
HAVERTOWN, Pa., March 08, 2024 (GLOBE NEWSWIRE) -- AMREP Corporation (NYSE:AXR) today reported net income of $92,000, or $0.02 per diluted share, for its 2024 fiscal third quarter ended January 31, 2024 compared to net income of $16,574,000, or $3.12 per diluted share, for the same period of the prior year. For the first nine months of 2024, AMREP had net income of $2,546,000, or $0.48 per diluted share, compared to net income of $22,107,000, or $4.17 per diluted share, for the same period of 2023. Revenues were $12,689,000 and $31,833,000 for the third quarter and first nine months of 2024 and $9,117,000 and $35,975,000 for the third quarter and first nine months of 2023. |
globenewswire.com |
2024-03-08 18:40:00 |
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| AMREP Reports Second Quarter Fiscal 2024 Results |
HAVERTOWN, Pa., Dec. 11, 2023 (GLOBE NEWSWIRE) -- AMREP Corporation (NYSE:AXR) today reported net income of $1,108,000, or $0.21 per diluted share, for its 2024 fiscal second quarter ended October 31, 2023 compared to net income of $3,621,000, or $0.68 per diluted share, for the same period of the prior year. For the first six months of 2024, AMREP had net income of $2,454,000, or $0.46 per diluted share, compared to net income of $5,533,000, or $1.04 per diluted share, for the same period of 2023. Revenues were $8,854,000 and $19,143,000 for the second quarter and first six months of 2024 and $16,149,000 and $26,856,000 for the second quarter and first six months of 2023. |
globenewswire.com |
2023-12-11 18:52:00 |
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| AMREP Reports First Quarter Fiscal 2024 Results |
HAVERTOWN, Pa., Sept. 13, 2023 (GLOBE NEWSWIRE) -- AMREP Corporation (NYSE:AXR) today reported net income of $1,346,000, or $0.25 per diluted share, for its 2024 fiscal first quarter ended July 31, 2023 compared to net income of $1,912,000, or $0.36 per diluted share, for the same period of the prior year. Revenues were $10,289,000 for the first quarter of 2024 and $10,707,000 for the first quarter of 2023. |
globenewswire.com |
2023-09-13 20:38:00 |
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| AMREP Reports Fiscal 2023 Results |
HAVERTOWN, Pa., July 25, 2023 (GLOBE NEWSWIRE) -- AMREP Corporation (NYSE:AXR) today reported net income of $21,790,000, or $4.11 per diluted share, for its 2023 fiscal year ended April 30, 2023 compared to net income of $15,862,000, or $2.21 per diluted share, for the same period of the prior year. Revenues were $48,676,000 for fiscal 2023 and $58,926,000 for fiscal 2022. |
globenewswire.com |
2023-07-25 21:16:00 |
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| 6 Deep Value Microcaps With Decent Trading Momentum |
With the overall U.S. stock market struggling for direction, stock picking is now of paramount importance. Little-followed microcaps offer an area where bargains can be found. |
seekingalpha.com |
2023-03-02 17:20:38 |
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| AMREP Trading At Value Price Even If The Balance Sheet Is Ignored |
AMR is a land developer and homebuilder in Rio Rancho. The company has massive assets in the city, which have been the topic of debate among deep value investors. |
seekingalpha.com |
2023-02-06 10:23:56 |
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| AMREP Corporation: Share Price Declining But Margins And Balance Sheet Remain Strong |
AMREP Corporation's share price has fallen with the market year to date, down more than 20%, but financials have improved since. The balance sheet continues to grow and remains robust, while sales are also improving as margins have improved. |
seekingalpha.com |
2022-10-27 13:28:02 |
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| AMREP Reports First Quarter Fiscal 2022 Results |
HAVERTOWN, Pa., Sept. 14, 2021 (GLOBE NEWSWIRE) -- AMREP Corporation (NYSE:AXR) today reported net income of $1,637,000, or $0.22 per diluted share, for its 2022 fiscal first quarter ended July 31, 2021 compared to net income of $593,000, or $0.07 per diluted share, for the same period of the prior year. Revenues were $10,507,000 for the first quarter of 2022 and $4,206,000 for the first quarter of 2021. |
globenewswire.com |
2021-09-14 20:55:00 |
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