AMREP CORP.
AI Executive Summary
AI-powered analysis of 10-Q filing content
AMREP Corporation experienced a severe decline in both revenue and profitability for the quarter ended July 31, 2026 compared to the prior year period. Total revenues fell 66% to $6.05 million from $17.85 million, driven by a 98% collapse in land sale revenues and a 49% decline in home sale revenues. Net income plummeted 94% to $276,000 ($0.05/diluted share) from $4.69 million ($0.87/diluted share), signaling significant weakening in both the land development and homebuilding segments.
Red Flags Detected (5)
Land sale revenues collapsed 98% year-over-year ($173K vs $7,494K), suggesting near-total halt in land development transactions
Home sale revenues declined 49% ($4,881K vs $9,570K), indicating substantial slowdown in homebuilding segment
Net income dropped 94% year-over-year, from $4,692,000 to $276,000
2 more red flags detected
Key Takeaways
Company remains profitable but margins have compressed dramatically, with net income near breakeven relative to prior year
Other revenues grew 27% ($997K vs $787K), a minor offsetting positive but insufficient to counter core segment declines
2 more takeaways
Filing Overview
What This Means
High Risk Filing: This company is showing signs of financial stress or significant operational challenges.
Deteriorating Trend: Conditions are worsening compared to previous filings. This may create opportunities for service providers.
Quarterly Report: Interim filing with unaudited financial data for the quarter.