PLYMOUTH MEETING, Pa., July 27, 2021 (GLOBE NEWSWIRE) -- AMREP Corporation (NYSE: AXR) today reported net income of $7,392,000, or $0.95 per diluted share, for its 2021 fiscal year ended April 30, 2021 compared to a net loss of $5,903,000, or $0.73 per share, for the prior year. Revenues were $40,069,000 for fiscal 2021 and $18,783,000 for fiscal 2020.
More information about the Company’s financial performance in 2021 and 2020 may be found in AMREP Corporation’s financial statements on Form 10-K 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
|
|
Twelve Months Ended April 30, |
|
|
|
2021 |
|
|
2020 |
|
|
|
|
|
|
| Revenues |
|
$ |
40,069,000 |
|
$ |
18,783,000 |
|
|
|
|
|
|
| Net income (loss) |
|
$ |
7,392,000 |
|
$ |
(5,903,000 |
) |
|
|
|
|
|
| Income (loss) per share – Basic |
|
$ |
0.95 |
|
$ |
(0.73 |
) |
| Income (loss) per share – Diluted |
|
$ |
0.95 |
|
$ |
(0.73 |
) |
|
|
|
|
|
| Weighted average number of common shares outstanding - basic |
|
|
7,743,000 |
|
|
8,134,000 |
|
| Weighted average number of common shares outstanding - diluted |
|
|
7,773,000 |
|
|
8,134,000 |
|
| CONTACT: |
Adrienne M. Uleau |
|
Vice President, Finance and Accounting |
|
(610) 487-0907 |
