AMREP Corporation (AXR) shares have dropped 4.4% since their latest earnings report, underperforming the S&P 500 Index. Despite a 3.3% decline in annual revenues, net income soared 90.1% to $12.7 million for fiscal 2025. Fourth-quarter net income was $3.9 million, with revenues falling 42.8%. Land sales slightly decreased, while home sale revenue rose 23.6%. Gross profit margins improved for land sales but compressed for homebuilding. General and administrative expenses rose 5.9%, and interest income surged 97.1%. Management expects lower revenues in fiscal 2026 due to affordability pressures and delays in approvals and access. Operating cash flow remained strong at $10.2 million.

Read more at Zacks Investment Research: AMREP Stock Price Dips Despite FY25 Earnings Rise and Strong Margins – July 30, 2025