10-Q - AMREP Corporation | StockGist

AI Analysis

AI-generated analysis. Always verify with the original filing.

AMREP Corporation reported strong Q3 2026 results with total revenues of $14.6M, a significant increase from $7.5M in Q3 2025. Net income reached $3.1M, up from $0.7M in the prior year quarter. The company generated $10.7M in operating cash flow and ended the period with $50.0M in cash and cash equivalents. Key drivers included land sale revenues of $8.3M (up from $2.9M in Q3 2025) and home sale revenues of $5.4M (up from $4.1M). Operating income improved to $3.0M from $0.4M, reflecting better operational efficiency. The company maintained a strong balance sheet with total assets of $143.9M and shareholders' equity of $139.4M, while total liabilities remained low at $4.6M.

Key Takeaways

1Q3 revenue increased 94% year-over-year to $14.6M from $7.5M

2Net income grew 339% to $3.1M from $0.7M in Q3 2025

3Operating cash flow was $10.7M for the quarter

4Cash and cash equivalents totaled $50.0M at quarter end

5Land sale revenues increased 184% to $8.3M from $2.9M

Key Financial Metrics

EPS

$0.59

$0.13 prior year

Revenue

$14.6M

+94%

Net Income

$3.1M

+339%

free cash flow

$10.6M

Operating Income

$3.0M

+596%

operating margin

20.6%

Business Segments

Land DevelopmentSegment profit $2.8M, includes land sale revenues

$10.0M+136% YoY

HomebuildingSegment profit $0.6M, includes home sale revenues

$4.5M+39% YoY