---
title: "AMREP 10-Q: Revenue $14.57M, EPS $0.58 for Quarter Ended Jan 31, 2026"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/278941371.md"
description: "AMREP reported revenues of $14.573 million and EPS of $0.58 for the quarter ended January 31, 2026, marking a 94% increase from the prior period. Operating income rose to $3.007 million, and net income reached $3.147 million, both showing significant improvement. The growth was driven by a 23% increase in home sales, despite an 8% decline in land sales. The company shifted focus to homebuilding and managed pricing strategies to address market challenges."
datetime: "2026-03-12T20:41:00.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/278941371.md)
  - [en](https://longbridge.com/en/news/278941371.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/278941371.md)
---

# AMREP 10-Q: Revenue $14.57M, EPS $0.58 for Quarter Ended Jan 31, 2026

AMREP reported total revenues of $14.573 million and diluted earnings per share of $0.58 for the quarter ended January 31, 2026, driven by stronger home sales and higher margins that produced improved operating and net income. The company recorded operating income of $3.007 million and net income of $3.147 million for the period, reflecting notable improvement versus the prior-year quarter. Management cited strategic shifts toward homebuilding and active inventory management as key contributors to the period's performance.

**Financial Highlights**

-   **Total revenues:** $14.573 million for the three months ended Jan 31, 2026 (up 94% vs prior period).
-   **Gross Profit:** Approximately $6.0 million for the three months ended Jan 31, 2026 (as reported).
-   **Operating income:** $3.007 million for the three months ended Jan 31, 2026 (improved from $0.432 million in the prior period).
-   **Net income:** $3.147 million for the three months ended Jan 31, 2026 (up from $0.717 million in the prior period).
-   **Earnings per share – diluted:** $0.58 for the three months ended Jan 31, 2026.

**Business Highlights**

-   **Revenue mix and growth drivers:** Total revenues rose 9% year-to-date, led by a 23% increase in home sales while land sale revenue declined 8%.
-   **Strategic channel shift:** The company intentionally reduced land project activity and refocused on expanding homebuilding, increasing homes sold and the share of production from homebuilding operations.
-   **Operational challenges:** Municipal entitlements, infrastructure work and contractor delays increased costs and slowed project starts across segments.
-   **Pricing and demand management:** AMREP raised land and home prices to offset higher costs while also using incentives, selective price reductions, lot/home downsizing and opportunistic leasing to address affordability pressure and demand volatility.
-   **Leasing and inventory actions:** The company increased owned leased homes from 21 to 28 and adjusted inventory through sales, completions and selective acquisitions to better manage market conditions.

Original SEC Filing: AMREP CORP. \[ AXR \] - 10-Q - Mar. 12, 2026

**Disclaimer**

This is an AI-powered summary. It may contain inaccuracies. Consider verifying important information with the source. Please note this summary is solely based on documents filed with the SEC.

### Related Stocks

- [AXR.US](https://longbridge.com/en/quote/AXR.US.md)

## Related News & Research

- [Major Amrep Investor Quietly Boosts Holdings in Fresh Buy Move](https://longbridge.com/en/news/281595969.md)
- [Goldman Sachs lifts Thyssenkrupp voting rights to 5.35% from 3.44%](https://longbridge.com/en/news/287221874.md)
- [A Look At Mercury General (MCY) Valuation After Strong Multi Year Shareholder Returns](https://longbridge.com/en/news/286723097.md)
- [Allspring Utilities and High Income Fund declares $0.0872 dividend](https://longbridge.com/en/news/287019464.md)
- [3 dividend kings to buy and hold for 20 years](https://longbridge.com/en/news/286946243.md)