{"id":4850,"date":"2022-01-05T15:15:49","date_gmt":"2022-01-05T21:15:49","guid":{"rendered":"https:\/\/1reason.com\/re\/amrep-reports-second-quarter-fiscal-2022-results\/4850\/"},"modified":"2022-01-06T09:15:49","modified_gmt":"2022-01-06T15:15:49","slug":"amrep-reports-second-quarter-fiscal-2022-results","status":"publish","type":"post","link":"https:\/\/1reason.com\/re\/amrep-reports-second-quarter-fiscal-2022-results\/4850\/","title":{"rendered":"AMREP Reports Second Quarter Fiscal 2022 Results"},"content":{"rendered":"
For the first six months of 2022, AMREP had net income of $4,963,000, or $0.67 per diluted share, compared to net income of $1,391,000, or $0.17 per diluted share, for the same period of 2021. Revenues were $16,236,000 and $26,743,000 for the second quarter and first six months of 2022 and $9,256,000 and $13,462,000 for the second quarter and first six months of 2021. <\/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\/).<\/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
\nThree Months Ended October 31,<\/u><\/td>\n<\/tr>\n
\n\n2021<\/u><\/td>\n\n\n2020<\/u><\/td>\n<\/tr>\n
Revenues<\/td>\n$<\/td>\n16,236,000<\/td>\n\n$<\/td>\n9,256,000<\/td>\n<\/tr>\n
Net income (loss)<\/td>\n$<\/td>\n3,326,000<\/td>\n\n$<\/td>\n798,000<\/td>\n<\/tr>\n
Income (loss) per share \u2013 basic<\/td>\n$<\/td>\n0.45<\/td>\n\n$<\/td>\n0.10<\/td>\n<\/tr>\n
Income (loss) per share \u2013 diluted<\/td>\n$<\/td>\n0.45<\/td>\n\n$<\/td>\n0.10<\/td>\n<\/tr>\n
Weighted average number of common shares outstanding \u2013 basic<\/td>\n\n7,361,000<\/td>\n\n\n8,122,000<\/td>\n<\/tr>\n
Weighted average number of common shares outstanding \u2013 diluted<\/td>\n\n7,383,000<\/td>\n\n\n8,152,000<\/td>\n<\/tr>\n<\/table>\n

<\/p>\n\n\n\n\n\n\n\n\n\n
\nSix Months Ended October 31,<\/u><\/td>\n<\/tr>\n
\n\n2021<\/u><\/td>\n\n\n2020<\/u><\/td>\n<\/tr>\n
Revenues<\/td>\n$<\/td>\n26,743,000<\/td>\n\n$<\/td>\n13,462,000<\/td>\n<\/tr>\n
Net income (loss)<\/td>\n$<\/td>\n4,963,000<\/td>\n\n$<\/td>\n1,391,000<\/td>\n<\/tr>\n
Income (loss) per share \u2013 basic<\/td>\n$<\/td>\n0.67<\/td>\n\n$<\/td>\n0.17<\/td>\n<\/tr>\n
Income (loss) per share \u2013 diluted<\/td>\n$<\/td>\n0.67<\/td>\n\n$<\/td>\n0.17<\/td>\n<\/tr>\n
Weighted average number of common shares outstanding \u2013 basic<\/td>\n\n7,354,000<\/td>\n\n\n8,136,000<\/td>\n<\/tr>\n
Weighted average number of common shares outstanding \u2013 diluted<\/td>\n\n7,378,000<\/td>\n\n\n8,168,000<\/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

HAVERTOWN, Pa., Dec. 08, 2021 (GLOBE NEWSWIRE) — AMREP Corporation (NYSE:AXR) today reported net income of $3,326,000, or $0.45 per diluted share, for its 2022 fiscal second quarter ended October 31, 2021 compared to net income of $798,000, or $0.10 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\/4850"}],"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=4850"}],"version-history":[{"count":1,"href":"https:\/\/1reason.com\/re\/wp-json\/wp\/v2\/posts\/4850\/revisions"}],"predecessor-version":[{"id":4854,"href":"https:\/\/1reason.com\/re\/wp-json\/wp\/v2\/posts\/4850\/revisions\/4854"}],"wp:attachment":[{"href":"https:\/\/1reason.com\/re\/wp-json\/wp\/v2\/media?parent=4850"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/1reason.com\/re\/wp-json\/wp\/v2\/categories?post=4850"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/1reason.com\/re\/wp-json\/wp\/v2\/tags?post=4850"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}