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8-K

Amrep Corp. (AXR)

8-K 2026-03-12 For: 2026-03-12
View Original
Added on April 06, 2026

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549


FORM 8-K


CURRENT REPORT

Pursuant to Section 13 OR 15(d) of the SecuritiesExchange Act of 1934


Date of Report (Date of earliest event reported):            March 12, 2026


AMREP CORPORATION
(Exact name of registrant as specified in its charter)

Oklahoma 1-4702 59-0936128
(State or other jurisdiction of (Commission File (IRS Employer
incorporation) Number) Identification No.)

850 West Chester Pike,<br><br> <br>Suite 205**, Havertown** , PA 19083
(Address of principal executive offices) (Zip Code)

Registrant’s telephone number, including

area code:  (610) 487-0905


(Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

¨ Written communication pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
¨ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
--- ---
¨ Pre-commencement communication pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
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¨ Pre-commencement communication pursuant to Rule 13e-4(c)<br>under the Exchange Act (17 CFR 240.13e-4(c))
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Securities registered pursuant to Section 12(b) of the Act:

Title of each class Trading<br><br>Symbol(s) Name of each exchange on which<br><br>registered
Common Stock $.10 par value AXR New York Stock Exchange

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR §230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR §240.12b-2).

Emerging growth company ¨

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ¨

Item 2.02 Results of Operations and Financial Condition

On March 12, 2026, AMREP Corporation issued a press release that reported its results of operations for the three and nine month periods ended January 31, 2026.  The press release is being furnished with this Current Report on Form 8-K as Exhibit 99.1 and is incorporated herein by reference.

The information in this Item 2.02 of this Form 8-K and Exhibit 99.1 attached hereto shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933, except as shall be expressly set forth by specific reference in such filing.

Item 9.01  Financial

Statements and Exhibits.

(d) Exhibits.

Exhibit Number Description
99.1 Press Release, dated March 12, 2026, issued by AMREP Corporation.
104 Cover Page Interactive Data File (embedded within the Inline XBRL document).

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

AMREP Corporation
Date: March 12, 2026 By: /s/ Adrienne M. Uleau
Adrienne M. Uleau
Chief Financial Officer and Vice President

EXHIBIT INDEX

Exhibit Number Description
99.1 Press Release, dated March 12, 2026, issued by AMREP Corporation.
104 Cover Page Interactive Data File (embedded within the Inline XBRL document).

Exhibit 99.1

FOR: AMREP<br> Corporation
850<br> West Chester Pike, Suite 205
Havertown,<br> PA 19083
CONTACT: Adrienne<br> M. Uleau
Chief<br> Financial Officer and Vice President
(610)<br> 487-0907

AMREP REPORTS THIRD QUARTER FISCAL 2026 RESULTS

Havertown, Pennsylvania, March 12, 2026 – AMREP Corporation (NYSE:AXR) today reported net income of $3,147,000, or $0.58 per diluted share, for its 2026 fiscal third quarter ended January 31, 2026 compared to net income of $717,000, or $0.13 per diluted share, for the same period of the prior year. For the first nine months of 2026, AMREP had net income of $9,039,000, or $1.68 per diluted share, compared to net income of $8,823,000, or $1.64 per diluted share, for the same period of 2025. Revenues were $14,573,000 and $41,823,000 for the third quarter and first nine months of 2026 and $7,520,000 and $38,516,000 for the third quarter and first nine months of 2025.

More information about the Company’s financial performance may be found in AMREP Corporation’s financial statements on Form 10-Q which have today been filed with the Securities and Exchange Commission and will be available on AMREP’s website (www.amrepcorp.com/sec-filings/). As a result of many factors, including the nature and timing of specific transactions and the type and location of land or homes being sold, revenues, average selling prices and related gross margins from land sales or home sales can vary significantly from period to period and prior results are not necessarily a good indication of what may occur in future periods.

AMREP Corporation, through its subsidiaries, is a major holder of land, leading developer of real estate and award-winning homebuilder in New Mexico.

FINANCIAL HIGHLIGHTS

Three Months Ended January 31,
2026 2025
Revenues $ 14,573,000 $ 7,520,000
Net income $ 3,147,000 $ 717,000
Earnings per share – basic $ 0.59 $ 0.13
Earnings per share – diluted $ 0.58 $ 0.13
Weighted average number of common shares outstanding – basic 5,340,000 5,321,000
Weighted average number of common shares outstanding – diluted 5,389,000 5,381,000
Nine Months Ended January 31,
--- --- --- --- ---
2026 2025
Revenues $ 41,823,000 $ 38,516,000
Net income $ 9,039,000 $ 8,823,000
Earnings per share – basic $ 1.69 $ 1.66
Earnings per share – diluted $ 1.68 $ 1.64
Weighted average number of common shares outstanding – basic 5,334,000 5,316,000
Weighted average number of common shares outstanding – diluted 5,384,000 5,376,000