{"id":7070,"date":"2022-10-09T15:03:11","date_gmt":"2022-10-09T20:03:11","guid":{"rendered":"https:\/\/1reason.com\/re\/amrep-reports-first-quarter-fiscal-2023-results\/7070\/"},"modified":"2022-10-10T10:03:11","modified_gmt":"2022-10-10T15:03:11","slug":"amrep-reports-first-quarter-fiscal-2023-results","status":"publish","type":"post","link":"https:\/\/1reason.com\/re\/amrep-reports-first-quarter-fiscal-2023-results\/7070\/","title":{"rendered":"AMREP Reports First Quarter Fiscal 2023 Results"},"content":{"rendered":"
Revenues were $11,232,000 for the first quarter of 2023 and $10,507,000 for the first quarter of 2022. <\/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\/<\/a>).<\/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 July 31,<\/u><\/td>\n<\/tr>\n
\n\n\n2022<\/u><\/td>\n\n\n2021<\/u><\/td>\n<\/tr>\n
Revenues<\/td>\n\n$<\/td>\n11,232,000<\/td>\n\n$<\/td>\n10,507,000<\/td>\n<\/tr>\n
Net income (loss)<\/td>\n\n$<\/td>\n1,912,000<\/td>\n\n$<\/td>\n1,637,000<\/td>\n<\/tr>\n
Income (loss) per share \u2013 basic<\/td>\n\n$<\/td>\n0.36<\/td>\n\n$<\/td>\n0.22<\/td>\n<\/tr>\n
Income (loss) per share \u2013 diluted<\/td>\n\n$<\/td>\n0.36<\/td>\n\n$<\/td>\n0.22<\/td>\n<\/tr>\n
Weighted average number of common shares outstanding \u2013 basic<\/td>\n\n\n5,274,000<\/td>\n\n\n7,346,000<\/td>\n<\/tr>\n
Weighted average number of common shares outstanding \u2013 diluted<\/td>\n\n\n5,296,000<\/td>\n\n\n7,373,000<\/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., Sept. 07, 2022 (GLOBE NEWSWIRE) — AMREP Corporation (NYSE:AXR) today reported net income of $1,912,000, or $0.36 per diluted share, for its 2023 fiscal first quarter ended July 31, 2022 compared to net income of $1,637,000, or $0.22 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\/7070"}],"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=7070"}],"version-history":[{"count":1,"href":"https:\/\/1reason.com\/re\/wp-json\/wp\/v2\/posts\/7070\/revisions"}],"predecessor-version":[{"id":7081,"href":"https:\/\/1reason.com\/re\/wp-json\/wp\/v2\/posts\/7070\/revisions\/7081"}],"wp:attachment":[{"href":"https:\/\/1reason.com\/re\/wp-json\/wp\/v2\/media?parent=7070"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/1reason.com\/re\/wp-json\/wp\/v2\/categories?post=7070"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/1reason.com\/re\/wp-json\/wp\/v2\/tags?post=7070"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}