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AI brief of an SEC Form 8-K · AMREP CORP. (AXR)

AMREP net income falls to $276,000 in first quarter; revenue drops to $6.1 million

Negative Impact 4 of 5 earnings Written later

AMREP Corporation reported net income of $276,000, or $0.05 per diluted share, for the fiscal first quarter ended July 31, 2026, down from $4,692,000, or $0.87 per diluted share, a year earlier. Revenues fell to $6.1 million from $17.9 million, and shareholders also approved a 2026 Equity Compensation Plan at the September 10 annual meeting.

Key points

  • Net income: $276,000 ($0.05 per diluted share) vs. $4,692,000 ($0.87) in the same quarter last year
  • Revenues: $6,051,000 vs. $17,851,000 a year earlier
  • Shareholders approved the 2026 Equity Compensation Plan, which allows up to 500,000 shares and becomes effective September 20, 2026
  • Directors Timothy S. McNaney and Albert V. Russo were re-elected to terms ending at the 2029 annual meeting

The filing

CompanyAMREP CORP. (AXR)
Form8-K, current report
Filed with the SECSep 11, 2026, 4:35 PM ET
Accession number0001104659-26-107091

Items reported: 2.02 Results of Operations5.02 Director / Officer Change5.07 Shareholder Vote Results

Read the filing on SEC.gov ↗

Written by AI on Nov 9, 2026, 8:51 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on September 11, 2026.

Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.