AMREP Corporation Reports Strong Financial Results for Second Quarter of Fiscal 2025

AMREP Corporation, a leading developer of real estate and homebuilder based in Pennsylvania, released its financial results for the second quarter of fiscal 2025 on December 13, 2024. The company reported a significant increase in net income compared to the same period in the prior year.

For the 2025 fiscal second quarter ending October 31, 2024, AMREP Corporation disclosed a net income of $4,042,000, equivalent to $0.75 per diluted share. This marks a substantial rise from the net income of $1,108,000, or $0.21 per diluted share, reported for the same period in the previous year. Over the first six months of 2025, the company’s net income stood at $8,106,000, translating to $1.51 per diluted share, compared to $2,454,000, or $0.46 per diluted share, for the same period in 2024. Revenues for the second quarter and the first six months of 2025 were $11,906,000 and $30,997,000, respectively, showing an increase from $8,854,000 and $19,143,000 in the corresponding periods of 2024.

The detailed financial statements of AMREP Corporation can be found in its Form 10-Q, which was filed with the Securities and Exchange Commission on the same day as the financial results release. These documents will be accessible on the company’s website at www.amrepcorp.com/sec-filings/.

It is vital to note that various factors, such as the specifics and timing of transactions and the type and location of properties being sold, can lead to considerable variations in revenues, average selling prices, and related gross margins from land or home sales across different periods. Hence, past performance may not necessarily indicate future outcomes accurately.

AMREP Corporation, operating through its subsidiaries, holds a significant land portfolio, serves as a prominent real estate developer, and is an award-winning homebuilder in New Mexico.

In conclusion, AMREP Corporation continues to demonstrate growth and financial strength, with an impressive performance for the second quarter of fiscal 2025. Investors and stakeholders are encouraged to review the complete financial information provided by the company to gain a comprehensive understanding of its operations and financial standing.

This article was generated by an automated content engine and was reviewed by a human editor prior to publication. For additional information, read AMREP’s 8K filing here.

About AMREP

AMREP Corporation, through its subsidiaries, primarily engages in the real estate business. The company operates through two segments, Land Development and Homebuilding. It sells developed and undeveloped lots to homebuilders, commercial and industrial property developers, and others. In addition, the company owns mineral interests covering an area of approximately 55,000 surface acres of land in Sandoval County, New Mexico; and owns oil, gas, and minerals and mineral interests covering an area of approximately 147 surface acres of land in Brighton, Colorado.