2021 Press Releases

AMREP Reports First Quarter Fiscal 2022 Results

FOR: AMREP Corporation
850 West Chester Pike, Suite 205
Havertown, PA 19083

CONTACT: Adrienne M. Uleau
Vice President, Finance and Accounting
(610) 487-0907

AMREP REPORTS FIRST QUARTER FISCAL 2022 RESULTS

Havertown, Pennsylvania, September 14, 2021 – AMREP Corporation (NYSE:AXR) today reported net income of $1,637,000, or $0.22 per diluted share, for its 2022 fiscal first quarter ended July 31, 2021 compared to net income of $593,000, or $0.07 per diluted share, for the same period of the prior year.  Revenues were $10,507,000 for the first quarter of 2022 and $4,206,000 for the first quarter of 2021.

More information about the Company’s financial performance for the first quarters of 2022 and 2021 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/).

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 July 31,

 

 

2021

 

2020

 

 

 

 

 

Revenues

 

$    10,507,000  

 

$      4,206,000  

 

 

 

 

 

Net income (loss)

 

$      1,637,000  

 

$      593,000  

 

 

 

 

 

Income (loss) per share – basic

 

$              0.22 

 

$              0.07 

Income (loss) per share – diluted

 

$              0.22 

 

$              0.07 

 

 

 

 

 

Weighted average number of common shares outstanding – basic

 

7,346,000

 

8,151,000

Weighted average number of common shares outstanding – diluted

 

7,373,000

 

8,182,000

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AMREP REPORTS THIRD QUARTER FISCAL 2021 RESULTS

FOR: AMREP Corporation
620 West Germantown Pike, Suite 175
Plymouth Meeting, Pennsylvania 19462

CONTACT: Adrienne M. Uleau
Vice President, Finance and Accounting
(610) 487-0907

AMREP REPORTS THIRD QUARTER FISCAL 2021 RESULTS

Plymouth Meeting, Pennsylvania, March 11, 2021 – AMREP Corporation (NYSE:AXR) today reported net income of $2,093,000, or $0.29 per share, for its 2021 fiscal third quarter ended January 31, 2021 compared to net income of $338,000, or $0.04 per share, for the same period of the prior year. For the first nine months of 2021, AMREP had net income of $3,484,000, or $0.44 per share, compared to a net loss of $2,027,000, or $0.25 per share, for the same period of 2020.

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

FINANCIAL HIGHLIGHTS

Three Months Ended January 31,
2021 2020
Revenues $      7,864,000 $     5,287,000
Net income (loss) $      2,093,000 $        338,000
Income (loss) per share – basic $               0.29 $              0.04
Income (loss) per share – diluted $               0.28 $              0.04
Weighted average number of common shares outstanding – basic 7,343,000 8,138,000
Weighted average number of common shares outstanding – diluted 7,372,000 8,174,000

 

 

Nine Months Ended January 31,
2021 2020
Revenues $    21,326,000 $    14,014,000
Net income (loss) $      3,484,000 $   (2,027,000)
Income (loss) per share – basic $               0.44 $            (0.25)
Income (loss) per share – diluted $               0.44 $            (0.25)
Weighted average number of common shares outstanding – basic 7,872,000 8,129,000
Weighted average number of common shares outstanding – diluted 7,903,000 8,129,000

 

AMREP Corporation’s financial statements on Form 10-Q are expected to be filed with the Securities and Exchange Commission concurrently with this release and will be available on AMREP’s website (www.amrepcorp.com/sec-filings/).

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