Investor Relations

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

 

PRIOR PRESS RELEASES

2021 Press Releases
September 14, 2021
AMREP REPORTS FIRST QUARTER FISCAL 2022 RESULTS
March 11, 2021
AMREP REPORTS THIRD QUARTER FISCAL 2021 RESULTS
2020 Press Releases
December 8, 2020
AMREP REPORTS SECOND QUARTER FISCAL 2021 RESULTS
September 9, 2020
AMREP REPORTS FIRST QUARTER FISCAL 2021 RESULTS AND ANNOUNCES DIRECTOR RESIGNATION
July 27, 2020
AMREP REPORTS FISCAL 2020 RESULTS
March 6, 2020
AMREP REPORTS THIRD QUARTER FISCAL 2020 RESULTS
2019 Press Releases
December 10, 2019
AMREP REPORTS SECOND QUARTER FISCAL 2020 RESULTS
September 11, 2019
AMREP REPORTS FIRST QUARTER FISCAL 2020 RESULTS
July 26, 2019
AMREP REPORTS FISCAL 2019 RESULTS
April 26, 2019
AMREP SELLS ITS PALM COAST FULFILLMENT SERVICES
March 13, 2019
AMREP REPORTS THIRD QUARTER FISCAL 2019 RESULTS
2018 Press Releases
December 11, 2018
AMREP REPORTS SECOND QUARTER FISCAL 2019 RESULTS
September 11, 2018
AMREP REPORTS FIRST QUARTER FISCAL 2019 REPORTS
July 20, 2018
AMREP REPORTS FISCAL 2018 REPORTS
March 19, 2018
AMREP REPORTS THIRD QUARTER FISCAL 2018 RESULTS
2017 Press Releases
December 12, 2017
AMREP REPORTS SECOND QUARTER FISCAL 2018 RESULTS OFFICER
September 18, 2017
AMREP ANNOUNCES APPOINTMENTS OF CHIEF EXECUTIVE OFFICER AND CHIEF FINANCIAL OFFICER
September 13, 2017
AMREP REPORTS FIRST QUARTER FISCAL 2018 RESULTS
July 18, 2017
AMREP REPORTS FISCAL 2017 RESULTS
March 15, 2017
AMREP REPORTS THIRD QUARTER FISCAL 2017 RESULTS
2016 Press Releases
December 14, 2016
AMREP REPORTS SECOND QUARTER FISCAL 2017 RESULTS OFFICER
September 14, 2016
AMREP REPORTS FIRST QUARTER FISCAL 2017 RESULTS
August 18, 2016
AMREP ANNOUNCES APPOINTMENT OF CHIEF FINANCIAL OFFICER
July 29, 2016
AMREP REPORTS FISCAL 2016 RESULTS
April 28, 2016
AMREP ANNOUNCES RETIREMENT OF CFO PETE PIZZA; CLIFFORD MARTIN NAMED AS SUCCESSOR
March 15, 2016
AMREP REPORTS THIRD QUARTER FISCAL 2016 RESULTS
2015 Press Releases
December 11, 2015
AMREP REPORTS SECOND QUARTER FISCAL 2016 RESULTS
September 14, 2015
AMREP ANNOUNCES APPOINTMENT OF CHIEF FINANCIAL OFFICER
July 29, 2015
AMREP REPORTS FIRST QUARTER FISCAL 2015 RESULTS
February 9, 2015
AMREP SELLS ITS NEWSSTAND DISTRIBUTION SERVICES BUSINESS AND ITS PRODUCT PACKAGING AND FULFILLMENT SERVICES BUSINESS
March 17, 2015
AMREP REPORTS THIRD QUARTER FISCAL 2016 RESULTS