AMREP Corporation (NYSE:AXR) today reported net income of $910,000, or $0.12 per diluted share, for its 2022 fiscal third quarter ended January 31, 2022 compared to net income of $2,093,000, or $0.28 per diluted share, for the same period of the prior year. For the first nine months of 2022, AMREP had net income of $5,873,000, or $0.80 per diluted share, compared to net income of $3,484,000, or $0.44 per diluted share, for the same period of 2021. Revenues were $9,816,000 and $36,559,000 for the third quarter and first nine months of 2022 and $7,864,000 and $21,326,000 for the third quarter and first nine months of 2021.

More information about the Company’s financial performance 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 January 31,
    2022   2021
Revenues   $ 9,816,000   $ 7,864,000
Net income (loss)   $ 910,000   $ 2,093,000
Income (loss) per share – basic   $ 0.12   $ 0.29
Income (loss) per share – diluted   $ 0.12   $ 0.28
Weighted average number of common shares outstanding – basic     7,363,000     7,343,000
Weighted average number of common shares outstanding – diluted     7,385,000     7,372,000
    Nine Months Ended January 31,
    2022   2021
Revenues   $ 36,559,000   $ 21,326,000
Net income (loss)   $ 5,873,000   $ 3,484,000
Income (loss) per share – basic   $ 0.80   $ 0.44
Income (loss) per share – diluted   $ 0.80   $ 0.44
Weighted average number of common shares outstanding – basic     7,357,000     7,872,000
Weighted average number of common shares outstanding – diluted     7,380,000     7,903,000
             
CONTACT:    Adrienne M. UleauVice President, Finance and Accounting(610) 487-0907
     
AMREP (NYSE:AXR)
Gráfico Histórico do Ativo
De Mai 2022 até Jun 2022 Click aqui para mais gráficos AMREP.
AMREP (NYSE:AXR)
Gráfico Histórico do Ativo
De Jun 2021 até Jun 2022 Click aqui para mais gráficos AMREP.