HAVERTOWN, Pa., Sept. 07, 2022 (GLOBE NEWSWIRE) -- AMREP Corporation (NYSE:AXR) today reported net income of $1,912,000, or $0.36 per diluted share, for its 2023 fiscal first quarter ended July 31, 2022 compared to net income of $1,637,000, or $0.22 per diluted share, for the same period of the prior year. Revenues were $11,232,000 for the first quarter of 2023 and $10,507,000 for the first quarter of 2022.
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 July 31, |
|
|
|
2022 |
|
|
2021 |
| Revenues |
|
$ |
11,232,000 |
|
$ |
10,507,000 |
| Net income (loss) |
|
$ |
1,912,000 |
|
$ |
1,637,000 |
| Income (loss) per share – basic |
|
$ |
0.36 |
|
$ |
0.22 |
| Income (loss) per share – diluted |
|
$ |
0.36 |
|
$ |
0.22 |
| Weighted average number of common shares outstanding – basic |
|
|
5,274,000 |
|
|
7,346,000 |
| Weighted average number of common shares outstanding – diluted |
|
|
5,296,000 |
|
|
7,373,000 |
| CONTACT: |
Adrienne M. Uleau |
|
Vice President, Finance and Accounting |
|
(610) 487-0907 |
