Recent Updates — AXR
AMREP Corporation reported fiscal year 2026 results for the period ended April 30, 2026. The company generated revenues of $52,847,000, an increase from $49,694,000 in fiscal 2025. Net income decreased to $10,288,000, or $1.91 per diluted share, compared to $12,716,000, or $2.37 per diluted share, in the prior year. The company operates in the real estate industry as a land holder, developer, and homebuilder in New Mexico.
Amrep Corporation awarded Christopher V. Vitale, President and CEO, a $178,000 cash bonus and 8,700 restricted shares, and Adrienne M. Uleau, CFO and VP, a $64,000 cash bonus and 2,250 restricted shares. The company also approved a salary change for both executives, increasing Vitale's salary to $395,000 and Uleau's to $205,000, effective July 27, 2026. Amrep Corporation is a real estate holding company that manages property investments and management services.