AMREP Corporation reported net income of $1,200,000 for the second quarter of fiscal 2026.
Revenues for the second quarter of 2026 were $9,398,000.
The company's net income for the first six months of 2026 was $5,892,000.
Financial Performance
Net income decreased compared to the same period last year.
Revenue Comparison
Revenues in 2026 were lower than in 2025 for both the second quarter and first six months.
Business Overview
AMREP Corporation is a major holder of land and leading developer of real estate in New Mexico.
- AMREP's financial results show a decrease in net income and revenues compared to the previous year.
- The nature and timing of land or home sales significantly impact the company's financial performance.
AMREP Corporation's financial performance in the second quarter of fiscal 2026 reflects challenges in the land and home sales market. The company needs to closely monitor future trends and adjust strategies accordingly.