{"id":5714,"date":"2022-04-03T14:04:19","date_gmt":"2022-04-03T19:04:19","guid":{"rendered":"https:\/\/1reason.com\/re\/amrep-reports-third-quarter-fiscal-2022-results\/5714\/"},"modified":"2022-04-04T09:04:19","modified_gmt":"2022-04-04T14:04:19","slug":"amrep-reports-third-quarter-fiscal-2022-results","status":"publish","type":"post","link":"https:\/\/1reason.com\/re\/amrep-reports-third-quarter-fiscal-2022-results\/5714\/","title":{"rendered":"AMREP Reports Third Quarter Fiscal 2022 Results"},"content":{"rendered":"
For the first nine months of 2022, AMREP had net income of $5,873,000, or $0.80 per diluted share, compared to net income of $3,484,000, or $0.44 per diluted share, for the same period of 2021. Revenues were $9,816,000 and $36,559,000 for the third quarter and first nine months of 2022 and $7,864,000 and $21,326,000 for the third quarter and first nine 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
\n\nThree Months Ended January 31,<\/u><\/td>\n<\/tr>\n
\n\n2022<\/u><\/td>\n\n2021<\/u><\/td>\n<\/tr>\n
Revenues<\/td>\n\n$<\/td>\n9,816,000<\/td>\n\n$<\/td>\n7,864,000<\/td>\n<\/tr>\n
Net income (loss)<\/td>\n\n$<\/td>\n910,000<\/td>\n\n$<\/td>\n2,093,000<\/td>\n<\/tr>\n
Income (loss) per share \u2013 basic<\/td>\n\n$<\/td>\n0.12<\/td>\n\n$<\/td>\n0.29<\/td>\n<\/tr>\n
Income (loss) per share \u2013 diluted<\/td>\n\n$<\/td>\n0.12<\/td>\n\n$<\/td>\n0.28<\/td>\n<\/tr>\n
Weighted average number of common shares outstanding \u2013 basic<\/td>\n\n\n7,363,000<\/td>\n\n\n7,343,000<\/td>\n<\/tr>\n
Weighted average number of common shares outstanding \u2013 diluted<\/td>\n\n\n7,385,000<\/td>\n\n\n7,372,000<\/td>\n<\/tr>\n<\/table>\n

<\/p>\n\n\n\n\n\n\n\n\n\n\n
\n\nNine Months Ended January 31,<\/u><\/td>\n<\/tr>\n
\n\n2022<\/u><\/td>\n\n2021<\/u><\/td>\n<\/tr>\n
Revenues<\/td>\n\n$<\/td>\n36,559,000<\/td>\n\n$<\/td>\n21,326,000<\/td>\n<\/tr>\n
Net income (loss)<\/td>\n\n$<\/td>\n5,873,000<\/td>\n\n$<\/td>\n3,484,000<\/td>\n<\/tr>\n
Income (loss) per share \u2013 basic<\/td>\n\n$<\/td>\n0.80<\/td>\n\n$<\/td>\n0.44<\/td>\n<\/tr>\n
Income (loss) per share \u2013 diluted<\/td>\n\n$<\/td>\n0.80<\/td>\n\n$<\/td>\n0.44<\/td>\n<\/tr>\n
Weighted average number of common shares outstanding \u2013 basic<\/td>\n\n\n7,357,000<\/td>\n\n\n7,872,000<\/td>\n<\/tr>\n
Weighted average number of common shares outstanding \u2013 diluted<\/td>\n\n\n7,380,000<\/td>\n\n\n7,903,000<\/td>\n<\/tr>\n
\n\n\n\n\n\n<\/tr>\n<\/table>\n

<\/p>\n\n\n\n
CONTACT:<\/td>\n\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, Penn., March 10, 2022 (GLOBE NEWSWIRE) — AMREP Corporation (NYSE:AXR) today reported net income of $910,000, or $0.12 per diluted share, for its 2022 fiscal third quarter ended January 31, 2022 compared to net income of $2,093,000, or $0.28 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\/5714"}],"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=5714"}],"version-history":[{"count":1,"href":"https:\/\/1reason.com\/re\/wp-json\/wp\/v2\/posts\/5714\/revisions"}],"predecessor-version":[{"id":5730,"href":"https:\/\/1reason.com\/re\/wp-json\/wp\/v2\/posts\/5714\/revisions\/5730"}],"wp:attachment":[{"href":"https:\/\/1reason.com\/re\/wp-json\/wp\/v2\/media?parent=5714"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/1reason.com\/re\/wp-json\/wp\/v2\/categories?post=5714"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/1reason.com\/re\/wp-json\/wp\/v2\/tags?post=5714"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}