By Kelly Cloonan
Shares of Amrep declined after the company logged lower revenue in its latest fiscal year.
The stock fell 6.4% to $22.21 in after-hours trading on Friday. Shares have fallen 24% year to date through market close.
The real estate developer on Friday posted a profit of $12.7 million, or $2.37 a share, for the 12 months ended April 30, compared with $6.7 million, or $1.25 a share, a year earlier.
Revenue fell to $49.7 million compared with $51.4 million a year ago.
Amrep had previously been on track for higher revenue over the period, reporting sales of $38.5 million for the first nine months of the fiscal year compared to $31.8 million in the year-ago period.
Write to Kelly Cloonan at kelly.cloonan@wsj.com
(END) Dow Jones Newswires
July 25, 2025 17:38 ET (21:38 GMT)
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