Real estate firm AMREP's Q2 revenue falls on land sale decline

Reuters

Dec 13

Real estate firm AMREP's <a href="https://laohu8.com/S/QTWO">Q2</a> revenue falls on land sale decline

Overview

New Mexico real estate developer's fiscal Q2 revenue fell yr/yr
Net income for fiscal Q2 dropped significantly compared to last year

Outlook

Company did not provide specific financial guidance for the current fiscal year in press release

Result Drivers

LAND SALE DECLINE - Total revenue was negatively impacted by an 86% drop in land sale revenue, resulting from the sale of only 16.7 total acres compared to 571.2 acres in the prior-year quarter.
OPERATIONAL DELAYS - The company experienced material delays in municipal entitlements, infrastructure availability, approvals, and inspections, which delayed construction and revenue recognition while increasing costs.

Key Details

Metric	Beat/Miss	Actual	Consensus Estimate
Q2 EPS		$0.22

Analyst Coverage

The one available analyst rating on the shares is "buy"
The average consensus recommendation for the construction & engineering peer group is "buy"
Wall Street's median 12-month price target for AMREP Corp is $30.00, about 42.7% above its December 11 closing price of $21.02
The stock recently traded at 13 times the next 12-month earnings vs. a P/E of 13 three months ago

Press Release: ID:nGNX5j1FLq

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

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For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com.</p><p>(This story was created using Reuters automation and AI based on LSEG and company data. 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engineering peer group is \"buy\"</p></li><li><p>Wall Street's median 12-month price target for AMREP Corp is $30.00, about 42.7% above its December 11 closing price of $21.02</p></li><li><p>The stock recently traded at 13 times the next 12-month earnings vs. a P/E of 13 three months ago</p></li></ul><p>Press Release: <span>ID:nGNX5j1FLq</span></p><p>For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com.</p><p>(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4024","symbol_name":"房地产开发","start_time":0,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20251212:nL1N3XI0XL:1","article_id":"2591843716","we_media_id":"1032215980","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2591843716","pubTimestamp":1765576689,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Reuters","introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"id":"1032215980","head_image":"https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48"},"summary":"Real estate firm AMREP's Q2 revenue falls on land sale declineOverviewNew Mexico real estate developer's fiscal Q2 revenue fell yr/yrNet income for fiscal Q2 dropped significantly compared to last yea","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4024":"房地产开发","AXR":"安美瑞普"},"translate_title":"房地产公司AMREP第二季度收入因土地销售下降而下降","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"AXR":0.9},"content_text":"Real estate firm AMREP's Q2 revenue falls on land sale declineOverviewNew Mexico real estate developer's fiscal Q2 revenue fell yr/yrNet income for fiscal Q2 dropped significantly compared to last yearOutlookCompany did not provide specific financial guidance for the current fiscal year in press releaseResult DriversLAND SALE DECLINE - Total revenue was negatively impacted by an 86% drop in land sale revenue, resulting from the sale of only 16.7 total acres compared to 571.2 acres in the prior-year quarter.OPERATIONAL DELAYS - The company experienced material delays in municipal entitlements, infrastructure availability, approvals, and inspections, which delayed construction and revenue recognition while increasing costs.Key DetailsMetricBeat/MissActualConsensus EstimateQ2 EPS$0.22Analyst CoverageThe one available analyst rating on the shares is \"buy\"The average consensus recommendation for the construction & engineering peer group is \"buy\"Wall Street's median 12-month price target for AMREP Corp is $30.00, about 42.7% above its December 11 closing price of $21.02The stock recently traded at 13 times the next 12-month earnings vs. a P/E of 13 three months agoPress Release: ID:nGNX5j1FLqFor questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com.(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-1","news_tag":"dataReport","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":false,"code":"91000000","status":"200"}}}