{"id":12668,"date":"2024-10-09T11:51:08","date_gmt":"2024-10-09T16:51:08","guid":{"rendered":"https:\/\/1reason.com\/re\/amrep-reports-first-quarter-fiscal-2025-results\/12668\/"},"modified":"2024-10-10T06:51:08","modified_gmt":"2024-10-10T11:51:08","slug":"amrep-reports-first-quarter-fiscal-2025-results","status":"publish","type":"post","link":"https:\/\/1reason.com\/re\/amrep-reports-first-quarter-fiscal-2025-results\/12668\/","title":{"rendered":"AMREP Reports First Quarter Fiscal 2025 Results"},"content":{"rendered":"
Revenues were $19,091,000 for the first quarter of 2025 and $10,289,000 for the first quarter of 2024. <\/p>\n

More information about the Company\u2019s financial performance may be found in AMREP Corporation\u2019s financial statements on Form 10-Q which have today been filed with the Securities and Exchange Commission and will be available on AMREP\u2019s website (www.amrepcorp.com\/sec-filings\/). As a result of many factors, including the nature and timing of specific transactions and the type and location of land or homes being sold, revenues, average selling prices and related gross margins from land sales or home sales can vary significantly from period to period and prior results are not necessarily a good indication of what may occur in future periods.<\/p>\n

AMREP Corporation, through its subsidiaries, is a major holder of land, leading developer of real estate and award-winning homebuilder in New Mexico.<\/p>\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
FINANCIAL HIGHLIGHTS<\/strong><\/td>\n<\/tr>\n
<\/tr>\n
\nThree Months Ended July 31,<\/u><\/td>\n<\/tr>\n
\n\n2024<\/u><\/td>\n\n\n\n2023<\/u><\/td>\n<\/tr>\n
Revenues<\/td>\n$<\/td>\n19,091,000<\/td>\n\n\n$<\/td>\n10,289,000<\/td>\n<\/tr>\n
\n\n\n<\/tr>\n
Net income<\/td>\n$<\/td>\n4,064,000<\/td>\n\n\n$<\/td>\n1,346,000<\/td>\n<\/tr>\n
\n\n\n<\/tr>\n
Earnings per share \u2013 basic<\/td>\n$<\/td>\n0.77<\/td>\n\n\n$<\/td>\n0.25<\/td>\n<\/tr>\n
Earnings per share \u2013 diluted<\/td>\n$<\/td>\n0.76<\/td>\n\n\n$<\/td>\n0.25<\/td>\n<\/tr>\n
\n\n\n<\/tr>\n
Weighted average number of common shares outstanding \u2013 basic<\/td>\n\n5,309,000<\/td>\n\n\n\n5,292,000<\/td>\n<\/tr>\n
Weighted average number of common shares outstanding \u2013 diluted<\/td>\n\n5,353,000<\/td>\n\n\n\n5,325,000<\/td>\n<\/tr>\n
\n\n\n\n\n\n\n<\/tr>\n<\/table>\n

<\/p>\n\n\n\n
CONTACT:<\/td>\n <\/td>\nAdrienne M. Uleau
Vice President, Finance and Accounting
(610) 487-0907<\/td>\n<\/tr>\n
\n\n<\/tr>\n<\/table>\n

<\/div>\n","protected":false},"excerpt":{"rendered":"

\n

HAVERTOWN, Pa., Sept. 13, 2024 (GLOBE NEWSWIRE) — AMREP Corporation (NYSE:AXR) today reported net income of $4,064,000, or $0.76 per diluted share, for its 2025 fiscal first quarter ended July 31, 2024 compared to net income of $1,346,000, or $0.25 per diluted share, for the same period of the prior year.<\/p>\n<\/div>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"","sticky":false,"template":"","format":"standard","meta":[],"categories":[11],"tags":[],"acf":[],"_links":{"self":[{"href":"https:\/\/1reason.com\/re\/wp-json\/wp\/v2\/posts\/12668"}],"collection":[{"href":"https:\/\/1reason.com\/re\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/1reason.com\/re\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/1reason.com\/re\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/1reason.com\/re\/wp-json\/wp\/v2\/comments?post=12668"}],"version-history":[{"count":1,"href":"https:\/\/1reason.com\/re\/wp-json\/wp\/v2\/posts\/12668\/revisions"}],"predecessor-version":[{"id":12670,"href":"https:\/\/1reason.com\/re\/wp-json\/wp\/v2\/posts\/12668\/revisions\/12670"}],"wp:attachment":[{"href":"https:\/\/1reason.com\/re\/wp-json\/wp\/v2\/media?parent=12668"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/1reason.com\/re\/wp-json\/wp\/v2\/categories?post=12668"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/1reason.com\/re\/wp-json\/wp\/v2\/tags?post=12668"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}