Real estate firm AMREP's Q1 revenue, net income fall sharply

AMREP

11/09/2026 21:45

Overview
US real estate developer's fiscal Q1 revenue fell sharply yr/yr
Fiscal Q1 net income declined significantly compared to prior year
Company says results fluctuate due to timing and type of land and home sales

Outlook
Company did not provide specific guidance for future quarters or the full yr

Result Drivers
TRANSACTION TIMING - Co said results fluctuate due to timing and type of land and home sales

Company press release: ID:nGNX1G73jl

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q1 EPS
 
$0.05
 

Analyst Coverage
The one available analyst rating on the shares is "hold"
The average consensus recommendation for the construction & engineering peer group is "buy."
Wall Street's median 12-month price target for AMREP Corp is $26.00, about 13.2% above its September 10 closing price of $22.97
The stock recently traded at 14 times the next 12-month earnings vs. a P/E of 14 three months ago

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)