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. Revenues were $10,289,000 for the first quarter of 2024 and $10,707,000 for the first quarter of 2023.
More information about the Company’s financial performance may be found in AMREP Corporation’s financial statements on Form 10-Q which have today been filed with the Securities and Exchange Commission and will be available on AMREP’s website (www.amrepcorp.com/sec-filings/).
AMREP Corporation, through its subsidiaries, is a major holder of land, leading developer of real estate and award-winning homebuilder in New Mexico.
|Three Months Ended July 31,|
|Net income (loss)||$||1,346,000||$||1,912,000|
|Income (loss) per share – basic||$||0.25||$||0.36|
|Income (loss) per share – diluted||$||0.25||$||0.36|
|Weighted average number of common shares outstanding – basic||5,292,000||5,274,000|
|Weighted average number of common shares outstanding – diluted||5,325,000||5,296,000|
|850 West Chester Pike, Suite 205|
|Havertown, PA 19083|
|CONTACT:||Adrienne M. Uleau|
|Vice President, Finance and Accounting|