AMREP Reports Third Quarter Fiscal 2021 Results
11 Março 2021 - 06:52PM
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/).
CONTACT: Adrienne M.
UleauVice President, Finance and Accounting(610) 487-0907
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