{"id":6718,"date":"2022-08-13T05:19:14","date_gmt":"2022-08-13T10:19:14","guid":{"rendered":"https:\/\/1reason.com\/re\/amrep-reports-fiscal-2022-results\/6718\/"},"modified":"2022-08-14T00:19:14","modified_gmt":"2022-08-14T05:19:14","slug":"amrep-reports-fiscal-2022-results","status":"publish","type":"post","link":"https:\/\/1reason.com\/re\/amrep-reports-fiscal-2022-results\/6718\/","title":{"rendered":"AMREP Reports Fiscal 2022 Results"},"content":{"rendered":"
Revenues were $62,479,000 for fiscal 2022 and $40,069,000 for fiscal 2021. Results for 2022 included revenue of $7,107,000 from the sale to one purchaser of 1,196 acres of undeveloped land near Rio Rancho in Sandoval County, New Mexico, $8,439,000 from the sale of buildings in Albuquerque, New Mexico and Palm Coast, Florida and $6,054,000 from the sale of commercial land in Parker, Colorado, Rio Rancho, New Mexico and Albuquerque, New Mexico. <\/p>\n

More information about the Company\u2019s financial performance in 2022 and 2021 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
\nTwelve Months Ended April 30,<\/u><\/td>\n<\/tr>\n
\n2022<\/u><\/td>\n\n2021<\/u><\/td>\n<\/tr>\n
Revenues<\/td>\n$<\/td>\n62,479,000<\/td>\n\n$<\/td>\n40,069,000<\/td>\n<\/tr>\n
\n\n\n<\/tr>\n
Net income<\/td>\n$<\/td>\n15,862,000<\/td>\n\n$<\/td>\n7,392,000<\/td>\n<\/tr>\n
\n\n\n<\/tr>\n
Income per share \u2013 basic<\/td>\n$<\/td>\n2.21<\/td>\n\n$<\/td>\n0.95<\/td>\n<\/tr>\n
Income per share \u2013 diluted<\/td>\n$<\/td>\n2.21<\/td>\n\n$<\/td>\n0.95<\/td>\n<\/tr>\n
\n\n\n<\/tr>\n
Weighted average number of common shares outstanding \u2013 basic<\/td>\n\n7,170,000<\/td>\n\n\n7,743,000<\/td>\n<\/tr>\n
Weighted average number of common shares outstanding \u2013 diluted<\/td>\n\n7,193,000<\/td>\n\n\n7,773,000<\/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., July 21, 2022 (GLOBE NEWSWIRE) — AMREP Corporation (NYSE:AXR) today reported net income of $15,862,000, or $2.21 per diluted share, for its 2022 fiscal year ended April 30, 2022 compared to net income of $7,392,000, or $0.95 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\/6718"}],"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=6718"}],"version-history":[{"count":1,"href":"https:\/\/1reason.com\/re\/wp-json\/wp\/v2\/posts\/6718\/revisions"}],"predecessor-version":[{"id":6744,"href":"https:\/\/1reason.com\/re\/wp-json\/wp\/v2\/posts\/6718\/revisions\/6744"}],"wp:attachment":[{"href":"https:\/\/1reason.com\/re\/wp-json\/wp\/v2\/media?parent=6718"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/1reason.com\/re\/wp-json\/wp\/v2\/categories?post=6718"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/1reason.com\/re\/wp-json\/wp\/v2\/tags?post=6718"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}