AMREP Corporation (AXR) · Q3 2026
AXR — Q3 2026 Financial Report Analysis
AMREP sold no developed land at all in its quarter ended July 31, 2026, cutting revenue 66% to $6.1 million and turning $6.1 million of prior-year operating income into a $163,000 loss — a deliberate shift of capital from high-margin land sales into homebuilding.