{"id":7714,"date":"2023-01-20T03:20:17","date_gmt":"2023-01-20T09:20:17","guid":{"rendered":"https:\/\/1reason.com\/re\/amrep-reports-second-quarter-fiscal-2023-results\/7714\/"},"modified":"2023-01-20T21:20:17","modified_gmt":"2023-01-21T03:20:17","slug":"amrep-reports-second-quarter-fiscal-2023-results","status":"publish","type":"post","link":"https:\/\/1reason.com\/re\/amrep-reports-second-quarter-fiscal-2023-results\/7714\/","title":{"rendered":"AMREP Reports Second Quarter Fiscal 2023 Results"},"content":{"rendered":"
For the first six months of 2023, AMREP had net income of $5,533,000, or $1.04 per diluted share, compared to net income of $4,963,000, or $0.67 per diluted share, for the same period of 2022. Revenues were $16,149,000 and $26,856,000 for the second quarter and first six months of 2023 and $16,112,000 and $26,098,000 for the second quarter and first six months 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\/).<\/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 October 31,<\/u><\/td>\n<\/tr>\n
\n\n\n2022<\/u><\/td>\n\n\n2021<\/u><\/td>\n<\/tr>\n
Revenues<\/td>\n\n$<\/td>\n16,149,000<\/td>\n\n$<\/td>\n16,112,000<\/td>\n<\/tr>\n
Net income<\/td>\n\n$<\/td>\n3,621,000<\/td>\n\n$<\/td>\n3,326,000<\/td>\n<\/tr>\n
Income per share \u2013 basic<\/td>\n\n$<\/td>\n0.69<\/td>\n\n$<\/td>\n0.45<\/td>\n<\/tr>\n
Income per share \u2013 diluted<\/td>\n\n$<\/td>\n0.68<\/td>\n\n$<\/td>\n0.45<\/td>\n<\/tr>\n
Weighted average number of common shares outstanding \u2013 basic<\/td>\n\n\n5,281,000<\/td>\n\n\n7,361,000<\/td>\n<\/tr>\n
Weighted average number of common shares outstanding \u2013 diluted<\/td>\n\n\n5,307,000<\/td>\n\n\n7,383,000<\/td>\n<\/tr>\n<\/table>\n

<\/p>\n\n\n\n\n\n\n\n\n\n
\n\nSix Months Ended October 31,<\/u><\/td>\n<\/tr>\n
\n\n\n2022<\/u><\/td>\n\n\n2021<\/u><\/td>\n<\/tr>\n
Revenues<\/td>\n\n$<\/td>\n26,856,000<\/td>\n\n$<\/td>\n26,098,000<\/td>\n<\/tr>\n
Net income<\/td>\n\n$<\/td>\n5,533,000<\/td>\n\n$<\/td>\n4,963,000<\/td>\n<\/tr>\n
Income per share \u2013 basic<\/td>\n\n$<\/td>\n1.05<\/td>\n\n$<\/td>\n0.67<\/td>\n<\/tr>\n
Income per share \u2013 diluted<\/td>\n\n$<\/td>\n1.04<\/td>\n\n$<\/td>\n0.67<\/td>\n<\/tr>\n
Weighted average number of common shares outstanding \u2013 basic<\/td>\n\n\n5,277,000<\/td>\n\n\n7,354,000<\/td>\n<\/tr>\n
Weighted average number of common shares outstanding \u2013 diluted<\/td>\n\n\n5,302,000<\/td>\n\n\n7,378,000<\/td>\n<\/tr>\n<\/table>\n

<\/p>\n

<\/p>\n

CONTACT:
Adrienne M. Uleau
Vice President, Finance and Accounting
(610) 487-0907<\/p>\n

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

\n

HAVERTOWN, Pa., Dec. 12, 2022 (GLOBE NEWSWIRE) — AMREP Corporation (NYSE:AXR) today reported net income of $3,621,000, or $0.68 per diluted share, for its 2023 fiscal second quarter ended October 31, 2022 compared to net income of $3,326,000, or $0.45 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\/7714"}],"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=7714"}],"version-history":[{"count":1,"href":"https:\/\/1reason.com\/re\/wp-json\/wp\/v2\/posts\/7714\/revisions"}],"predecessor-version":[{"id":7729,"href":"https:\/\/1reason.com\/re\/wp-json\/wp\/v2\/posts\/7714\/revisions\/7729"}],"wp:attachment":[{"href":"https:\/\/1reason.com\/re\/wp-json\/wp\/v2\/media?parent=7714"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/1reason.com\/re\/wp-json\/wp\/v2\/categories?post=7714"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/1reason.com\/re\/wp-json\/wp\/v2\/tags?post=7714"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}