AMREP Corporation — First Quarter Fiscal 2027 Earnings Summary

Financial Performance

• Reported net income of $276,000 ($0.05 per diluted share) for the quarter ended July 31, 2026, compared to $4,692,000 ($0.87 per diluted share) in the same period of the prior year.
• Revenues totaled $6,051,000 for the first quarter of 2027, a decrease from $17,851,000 in the first quarter of 2026.
• Basic income per share was $0.05 in 2027 versus $0.88 in 2026.
• Weighted average common shares outstanding (basic) increased to 5,337,000 in 2027 from 5,326,000 in 2026.
• Weighted average common shares outstanding (diluted) increased to 5,393,000 in 2027 from 5,375,000 in 2026.
• The press release notes that revenues, average selling prices, and gross margins can vary significantly due to the nature and timing of transactions and the type and location of land or homes sold.

Other Key Points

• AMREP Corporation is identified as a major holder of land, a leading real estate developer, and an award-winning homebuilder in New Mexico.
• Financial statements for the period were filed with the Securities and Exchange Commission on Form 10-Q and are available on the company's website.
• The company's fiscal first quarter ended July 31, 2026.