AMREP CORP.
Business
AMREP Corporation develops and sells residential and commercial real property in New Mexico, primarily in Rio Rancho and Sandoval County. The company owns approximately 16,600 acres and provides land planning, entitlements, utilities, roads, and community amenities to homebuilders and commercial developers. AMREP also operates a homebuilding division that designs, constructs, and sells single-family detached and attached homes in New Mexico.
Summary from 10-K filed 2025-07-25
Financials
Consolidated Statement of Income
| Concept | Trend | FY 2025 2025-04-30 | FY 2024 2024-04-30 | FY 2023 2023-04-30 | FY 2022 2022-04-30 | FY 2021 2021-04-30 |
|---|---|---|---|---|---|---|
| Total revenues | 50 | 51 | 49 | 59 | 40 | |
| General and administrative expenses | 7 | 7 | 5 | 5 | 5 | |
| Total costs and expenses | 38 | 44 | 43 | 38 | 31 | |
| Operating income | 12 | 8 | 6 | 21 | 9 | |
| Interest income, net | 2 | 823,000 | 8,000 | 2,000 | −40,000 | |
| Other expense | −4,000 | — | — | — | — | |
| Income before income taxes | 14 | 8 | 8 | 22 | 10 | |
| Provision for income taxes | 1 | 2 | −14 | 6 | 3 | |
| Net income | 13 | 7 | 22 | 16 | 7 | |
| Earnings per share - basic (in dollars per share) | 2.39 | 1.26 | 4.13 | 2.21 | 0.95 | |
| Earnings per share - diluted (in dollars per share) | 2.37 | 1.25 | 4.11 | 2.21 | 0.95 | |
| Weighted average number of common shares outstanding - basic (in shares) | 5 | 5 | 5,282 | 7,170 | 7,743 | |
| Weighted average number of common shares outstanding - diluted (in shares) | 5 | 5 | 5,307 | 7,193 | 7,773 |
Consolidated Balance Sheet
| Concept | Trend | FY 2025 2025-04-30 | FY 2024 2024-04-30 | FY 2023 2023-04-30 | FY 2022 2022-04-30 | FY 2021 2021-04-30 |
|---|---|---|---|---|---|---|
| Cash and cash equivalents | 39 | 30 | 20 | 16 | 25 | |
| Restricted cash | 455,000 | 547,000 | — | — | — | |
| Real estate inventory | 67 | 66 | 66 | 67 | 56 | |
| Investment assets, net | 15 | 13 | 14 | 9 | 14 | |
| Other assets | 3 | 3 | 3 | 2 | 645,000 | |
| Income taxes receivable, net | 317,000 | 27,000 | — | — | — | |
| Deferred income taxes, net | 9 | 11 | 12 | 958,000 | 3 | |
| TOTAL ASSETS | 134 | 123 | 116 | 95 | 97 | |
| Accounts payable and accrued expenses | 4 | 5 | 5 | 6 | 4 | |
| Notes payable | 26,000 | 35,000 | 44,000 | 2 | 3 | |
| TOTAL LIABILITIES | 4 | 5 | 5 | 12 | 8 | |
| Commitments and Contingencies (Note 13) | — | — | — | — | — | |
| Common stock, $.10 par value; shares authorized - 20,000,000; shares issued - 5,287,449 at April 30, 2025 and 5,271,309 at April 30, 2024 | 528,000 | 526,000 | 526,000 | 524,000 | 730,000 | |
| Capital contributed in excess of par value | 33 | 33 | 33 | 32 | 45 | |
| Retained earnings | 96 | 83 | 77 | 55 | 48 | |
| Accumulated other comprehensive income, net | — | 1 | 1 | −5 | −5 | |
| TOTAL SHAREHOLDERS' EQUITY | 130 | 118 | 111 | 83 | 89 | |
| TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY | 134 | 123 | 116 | 95 | 97 |
Consolidated Statement of Cash Flows
| Concept | Trend | FY 2025 2025-04-30 | FY 2024 2024-04-30 | FY 2023 2023-04-30 | FY 2022 2022-04-30 | FY 2021 2021-04-30 |
|---|---|---|---|---|---|---|
| Depreciation | 179,000 | 149,000 | 63,000 | 225,000 | 554,000 | |
| Stock-based compensation | 423,000 | 317,000 | 238,000 | 217,000 | 132,000 | |
| Deferred income tax provision | 839,000 | 1 | −14 | 2 | 2 | |
| Net periodic pension cost | — | 260,000 | −283,000 | −490,000 | −36,000 | |
| Excess pension funds transfer | — | 547,000 | 0 | — | — | |
| Real estate inventory | −767,000 | −358,000 | — | — | — | |
| Investment assets, net | −2 | 1 | — | — | — | |
| Other assets | 544,000 | 567,000 | −1 | 113,000 | 339,000 | |
| Accounts payable and accrued expenses | −1 | −42,000 | −1 | 1 | 1 | |
| Taxes payable, net | −290,000 | 15,000 | −4 | 4 | 152,000 | |
| Net cash provided by operating activities | 10 | 11 | 6 | 15 | 13 | |
| Capital expenditures for property and equipment | −583,000 | −457,000 | −131,000 | −1 | −5,000 | |
| Proceeds from the sale of property and equipment | 30,000 | — | — | — | — | |
| Net cash used in investing activities | −553,000 | −457,000 | −131,000 | −1 | −5,000 | |
| Debt payments | −9,000 | −9,000 | −2 | −8 | −7 | |
| Net cash used in financing activities | −9,000 | −9,000 | −2 | −23 | −5 | |
| Increase in cash, cash equivalents and restricted cash | 10 | 10 | 4 | −9 | 7 | |
| Income taxes refunded, net | 157,000 | 308,000 | 134,000 | 3,000 | 153,000 |
Filings
Material Events
Insiders
Institutional Holders
Frequently asked questions
What is AMREP CORP.'s CIK number?
AMREP CORP.'s SEC CIK number is 0000006207 (6207). The CIK (Central Index Key) is the permanent identifier the SEC assigns to every EDGAR filer — unlike a ticker symbol, it never changes.
Where can I find AMREP CORP.'s SEC filings?
All of AMREP CORP.'s EDGAR filings — 10-K annual reports, 10-Q quarterly reports, 8-K material events, and insider transactions — are listed on this page, sourced live from SEC EDGAR.
When did AMREP CORP. last report earnings?
AMREP CORP. (AXR) most recently filed an earnings 8-K with the SEC on Mar 12, 2026, furnishing its results under Item 2.02 (Results of Operations and Financial Condition). The earnings press release is attached to that filing (accession 0001104659-26-027103). This is AMREP CORP.'s most recent earnings filing of record — not a forecast of its next earnings date.
What is AMREP CORP.'s most recent earnings 8-K?
AMREP CORP.'s latest earnings 8-K (Item 2.02) was filed Mar 12, 2026 under accession 0001104659-26-027103. It carries the quarterly or annual earnings press release — the earliest official, SEC-filed version of the results.
View AMREP CORP.'s latest earnings 8-K →
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