{"id":2430,"date":"2021-04-10T23:28:10","date_gmt":"2021-04-11T04:28:10","guid":{"rendered":"https:\/\/1reason.com\/re\/amrep-reports-third-quarter-fiscal-2021-results\/2430\/"},"modified":"2021-04-11T18:28:10","modified_gmt":"2021-04-11T23:28:10","slug":"amrep-reports-third-quarter-fiscal-2021-results","status":"publish","type":"post","link":"https:\/\/1reason.com\/re\/amrep-reports-third-quarter-fiscal-2021-results\/2430\/","title":{"rendered":"AMREP Reports Third Quarter Fiscal 2021 Results"},"content":{"rendered":"
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. <\/p>\n

AMREP Corporation, through its subsidiaries, is a major holder of land and leading developer of real estate in New Mexico.<\/p>\n

FINANCIAL HIGHLIGHTS<\/strong><\/p>\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
\nThree Months Ended January 31,<\/u><\/td>\n<\/tr>\n
\n\n2021<\/u><\/td>\n\n\n2020<\/u><\/td>\n<\/tr>\n
\n\n\n<\/tr>\n
Revenues<\/td>\n$<\/td>\n7,864,000<\/td>\n\n$<\/td>\n5,287,000<\/td>\n<\/tr>\n
\n\n\n<\/tr>\n
Net income (loss)<\/td>\n$<\/td>\n2,093,000<\/td>\n\n$<\/td>\n338,000<\/td>\n<\/tr>\n
\n\n\n<\/tr>\n
Income (loss) per share \u2013 basic<\/td>\n$<\/td>\n0.29<\/td>\n\n$<\/td>\n0.04<\/td>\n<\/tr>\n
Income (loss) per share \u2013 diluted<\/td>\n$<\/td>\n0.28<\/td>\n\n$<\/td>\n0.04<\/td>\n<\/tr>\n
\n\n\n<\/tr>\n
Weighted average number of common shares outstanding \u2013 basic<\/td>\n\n7,343,000<\/td>\n\n\n8,138,000<\/td>\n<\/tr>\n
Weighted average number of common shares outstanding \u2013 diluted<\/td>\n\n7,372,000<\/td>\n\n\n8,174,000<\/td>\n<\/tr>\n
\n\n\n\n\n<\/tr>\n<\/table>\n

<\/p>\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
\nNine Months Ended January 31,<\/u><\/td>\n<\/tr>\n
\n\n2021<\/u><\/td>\n\n\n2020<\/u><\/td>\n<\/tr>\n
\n\n\n<\/tr>\n
Revenues<\/td>\n$<\/td>\n21,326,000<\/td>\n\n$<\/td>\n14,014,000<\/td>\n<\/tr>\n
\n\n\n<\/tr>\n
Net income (loss)<\/td>\n$<\/td>\n3,484,000<\/td>\n\n$<\/td>\n(2,027,000<\/td>\n)<\/td>\n<\/tr>\n
\n\n\n<\/tr>\n
Income (loss) per share \u2013 basic<\/td>\n$<\/td>\n0.44<\/td>\n\n$<\/td>\n(0.25<\/td>\n)<\/td>\n<\/tr>\n
Income (loss) per share \u2013 diluted<\/td>\n$<\/td>\n0.44<\/td>\n\n$<\/td>\n(0.25<\/td>\n)<\/td>\n<\/tr>\n
\n\n\n<\/tr>\n
Weighted average number of common shares outstanding\u2013 basic<\/td>\n\n7,872,000<\/td>\n\n\n8,129,000<\/td>\n<\/tr>\n
Weighted average number of common shares outstanding\u2013 diluted<\/td>\n\n7,903,000<\/td>\n\n\n8,129,000<\/td>\n<\/tr>\n
\n\n\n\n\n\n<\/tr>\n<\/table>\n

AMREP Corporation\u2019s 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\u2019s website (www.amrepcorp.com\/sec-filings\/).<\/p>\n

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

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

\n

PLYMOUTH MEETING, Pa., March 11, 2021 (GLOBE NEWSWIRE) — 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.<\/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\/2430"}],"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=2430"}],"version-history":[{"count":1,"href":"https:\/\/1reason.com\/re\/wp-json\/wp\/v2\/posts\/2430\/revisions"}],"predecessor-version":[{"id":2439,"href":"https:\/\/1reason.com\/re\/wp-json\/wp\/v2\/posts\/2430\/revisions\/2439"}],"wp:attachment":[{"href":"https:\/\/1reason.com\/re\/wp-json\/wp\/v2\/media?parent=2430"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/1reason.com\/re\/wp-json\/wp\/v2\/categories?post=2430"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/1reason.com\/re\/wp-json\/wp\/v2\/tags?post=2430"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}