{"id":9740,"date":"2023-10-17T11:19:03","date_gmt":"2023-10-17T16:19:03","guid":{"rendered":"https:\/\/1reason.com\/re\/amrep-reports-first-quarter-fiscal-2024-results\/9740\/"},"modified":"2023-10-18T06:19:03","modified_gmt":"2023-10-18T11:19:03","slug":"amrep-reports-first-quarter-fiscal-2024-results","status":"publish","type":"post","link":"https:\/\/1reason.com\/re\/amrep-reports-first-quarter-fiscal-2024-results\/9740\/","title":{"rendered":"AMREP Reports First Quarter Fiscal 2024 Results"},"content":{"rendered":"
Revenues were $10,289,000 for the first quarter of 2024 and $10,707,000 for the first quarter of 2023. <\/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\n\n\n\n\n\n\n\n\n\n\n\n\n\n
<\/tr>\n
FINANCIAL HIGHLIGHTS<\/strong><\/td>\n<\/tr>\n
<\/tr>\n
\nThree Months Ended July 31,<\/u><\/td>\n<\/tr>\n
\n\n2023<\/u><\/td>\n\n\n\n2022<\/u><\/td>\n<\/tr>\n
Revenues<\/td>\n$<\/td>\n10,289,000<\/td>\n\n\n$<\/td>\n10,707,000<\/td>\n<\/tr>\n
\n\n\n<\/tr>\n
Net income (loss)<\/td>\n$<\/td>\n 1,346,000<\/td>\n\n\n$<\/td>\n1,912,000<\/td>\n<\/tr>\n
Income (loss) per share \u2013 basic<\/td>\n$<\/td>\n 0.25<\/td>\n\n\n$<\/td>\n0.36<\/td>\n<\/tr>\n
Income (loss) per share \u2013 diluted<\/td>\n$<\/td>\n 0.25<\/td>\n\n\n$<\/td>\n0.36<\/td>\n<\/tr>\n
\n\n\n<\/tr>\n
Weighted average number of common shares outstanding \u2013 basic<\/td>\n\n5,292,000<\/td>\n\n\n\n5,274,000<\/td>\n<\/tr>\n
Weighted average number of common shares outstanding \u2013 diluted<\/td>\n\n5,325,000<\/td>\n\n\n\n5,296,000<\/td>\n<\/tr>\n<\/table>\n

<\/p>\n\n\n\n\n\n\n\n\n\n
FOR:<\/td>\nAMREP Corporation<\/td>\n<\/tr>\n
\n850 West Chester Pike, Suite 205<\/td>\n<\/tr>\n
\nHavertown, PA 19083<\/td>\n<\/tr>\n
\n<\/tr>\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
\n<\/tr>\n<\/table>\n

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

\n

HAVERTOWN, Pa., Sept. 13, 2023 (GLOBE NEWSWIRE) — AMREP Corporation (NYSE:AXR) today reported net income of $1,346,000, or $0.25 per diluted share, for its 2024 fiscal first quarter ended July 31, 2023 compared to net income of $1,912,000, or $0.36 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\/9740"}],"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=9740"}],"version-history":[{"count":1,"href":"https:\/\/1reason.com\/re\/wp-json\/wp\/v2\/posts\/9740\/revisions"}],"predecessor-version":[{"id":9757,"href":"https:\/\/1reason.com\/re\/wp-json\/wp\/v2\/posts\/9740\/revisions\/9757"}],"wp:attachment":[{"href":"https:\/\/1reason.com\/re\/wp-json\/wp\/v2\/media?parent=9740"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/1reason.com\/re\/wp-json\/wp\/v2\/categories?post=9740"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/1reason.com\/re\/wp-json\/wp\/v2\/tags?post=9740"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}