{"id":3654,"date":"2021-08-11T16:52:51","date_gmt":"2021-08-11T21:52:51","guid":{"rendered":"https:\/\/1reason.com\/re\/amrep-reports-fiscal-2021-results\/3654\/"},"modified":"2021-08-12T11:52:51","modified_gmt":"2021-08-12T16:52:51","slug":"amrep-reports-fiscal-2021-results","status":"publish","type":"post","link":"https:\/\/1reason.com\/re\/amrep-reports-fiscal-2021-results\/3654\/","title":{"rendered":"AMREP Reports Fiscal 2021 Results"},"content":{"rendered":"
Revenues were $40,069,000 for fiscal 2021 and $18,783,000 for fiscal 2020. <\/p>\n

More information about the Company\u2019s financial performance in 2021 and 2020 may be found in AMREP Corporation\u2019s financial statements on Form 10-K which have today been filed with the Securities and Exchange Commission and will be available on AMREP\u2019s website (www.amrepcorp.com\/sec-filings\/).<\/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

FINANCIAL HIGHLIGHTS<\/strong><\/p>\n\n\n\n\n\n\n\n\n\n\n\n\n\n
\n\nTwelve Months Ended April 30,<\/u><\/td>\n<\/tr>\n
\n\n\n2021<\/u><\/td>\n\n\n2020<\/u><\/td>\n<\/tr>\n
\n\n\n\n<\/tr>\n
Revenues<\/td>\n\n$<\/td>\n40,069,000<\/td>\n\n$<\/td>\n18,783,000<\/td>\n<\/tr>\n
\n\n\n\n<\/tr>\n
Net income (loss)<\/td>\n\n$<\/td>\n7,392,000<\/td>\n\n$<\/td>\n(5,903,000<\/td>\n)<\/td>\n<\/tr>\n
\n\n\n\n<\/tr>\n
Income (loss) per share \u2013 Basic<\/td>\n\n$<\/td>\n 0.95<\/td>\n\n$<\/td>\n(0.73<\/td>\n)<\/td>\n<\/tr>\n
Income (loss) per share \u2013 Diluted<\/td>\n\n$<\/td>\n 0.95<\/td>\n\n$<\/td>\n(0.73<\/td>\n)<\/td>\n<\/tr>\n
\n\n\n\n<\/tr>\n
Weighted average number of common shares outstanding – basic<\/td>\n\n\n7,743,000<\/td>\n\n\n8,134,000<\/td>\n<\/tr>\n
Weighted average number of common shares outstanding – diluted<\/td>\n\n\n7,773,000<\/td>\n\n\n8,134,000<\/td>\n<\/tr>\n<\/table>\n

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

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

\n

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.<\/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\/3654"}],"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=3654"}],"version-history":[{"count":1,"href":"https:\/\/1reason.com\/re\/wp-json\/wp\/v2\/posts\/3654\/revisions"}],"predecessor-version":[{"id":3670,"href":"https:\/\/1reason.com\/re\/wp-json\/wp\/v2\/posts\/3654\/revisions\/3670"}],"wp:attachment":[{"href":"https:\/\/1reason.com\/re\/wp-json\/wp\/v2\/media?parent=3654"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/1reason.com\/re\/wp-json\/wp\/v2\/categories?post=3654"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/1reason.com\/re\/wp-json\/wp\/v2\/tags?post=3654"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}