AMREP Q1 FY2027 net income falls to $276K from $4.69M; revenue down 66% YoY

AMREP CORP.

2027-Q1 EPS reported $0.05 revenue$6,051,000

Net income $276K ($0.05 diluted EPS) vs $4.69M ($0.87) year-ago quarter.
Revenue $6.05M vs $17.85M, down 66% YoY.
Shareholders approved 2026 Equity Compensation Plan authorizing 500K shares.
Directors McNaney and Russo re-elected to Class III until 2029.
Company cites timing and mix of land/home sales for period-to-period variability.

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