{"id":538242,"date":"2021-09-14T16:58:52","date_gmt":"2021-09-14T20:58:52","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/amrep-reports-first-quarter-fiscal-2022-results\/"},"modified":"2021-09-14T16:58:52","modified_gmt":"2021-09-14T20:58:52","slug":"amrep-reports-first-quarter-fiscal-2022-results","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/amrep-reports-first-quarter-fiscal-2022-results\/","title":{"rendered":"AMREP Reports First Quarter Fiscal 2022 Results"},"content":{"rendered":"
\n

HAVERTOWN, Pa., Sept. 14, 2021 (GLOBE NEWSWIRE) — AMREP Corporation (NYSE:AXR) today reported net income of $1,637,000, or $0.22 per diluted share, for its 2022 fiscal first quarter ended July 31, 2021 compared to net income of $593,000, or $0.07 per diluted share, for the same period of the prior year.\u00a0\u00a0 Revenues were $10,507,000 for the first quarter of 2022 and $4,206,000 for the first quarter of 2021.<\/p>\n

More information about the Company\u2019s financial performance for the first quarters of 2022 and 2021 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 <\/strong>\n <\/p>\n

\n FINANCIAL HIGHLIGHTS<\/strong>\n <\/p>\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
\u00a0<\/td>\n\u00a0<\/td>\n\n Three Months Ended July 31,<\/u>\n <\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n 2021<\/u>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n 2020<\/u>\n <\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Revenues<\/td>\n\u00a0<\/td>\n$<\/td>\n10,507,000<\/td>\n\u00a0<\/td>\n$<\/td>\n4,206,000<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Net income (loss)<\/td>\n\u00a0<\/td>\n$<\/td>\n1,637,000<\/td>\n\u00a0<\/td>\n$<\/td>\n593,000<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Income (loss) per share \u2013 basic<\/td>\n\u00a0<\/td>\n$<\/td>\n0.22<\/td>\n\u00a0<\/td>\n$<\/td>\n0.07<\/td>\n<\/tr>\n
Income (loss) per share \u2013 diluted<\/td>\n\u00a0<\/td>\n$<\/td>\n0.22<\/td>\n\u00a0<\/td>\n$<\/td>\n0.07<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Weighted average number of common shares outstanding \u2013 basic<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n7,346,000<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n8,151,000<\/td>\n<\/tr>\n
Weighted average number of common shares outstanding \u2013 diluted<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n7,373,000<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n8,182,000<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n<\/table>\n

\n \n <\/p>\n\n\n\n\n\n
\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
CONTACT:<\/td>\nAdrienne M. Uleau<\/td>\n<\/tr>\n
\u00a0<\/td>\nVice President, Finance and Accounting<\/td>\n<\/tr>\n
\u00a0<\/td>\n(610) 487-0907<\/td>\n<\/tr>\n<\/table>\n


\n
\n \n <\/div>\n

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

HAVERTOWN, Pa., Sept. 14, 2021 (GLOBE NEWSWIRE) — AMREP Corporation (NYSE:AXR) today reported net income of $1,637,000, or $0.22 per diluted share, for its 2022 fiscal first quarter ended July 31, 2021 compared to net income of $593,000, or $0.07 per diluted share, for the same period of the prior year.\u00a0\u00a0 Revenues were $10,507,000 for the first quarter of 2022 and $4,206,000 for the first quarter of 2021. More information about the Company\u2019s financial performance for the first quarters of 2022 and 2021 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\/). AMREP Corporation, through its subsidiaries, is a … <\/p>\n

Continue reading “AMREP Reports First Quarter Fiscal 2022 Results”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-538242","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nAMREP Reports First Quarter Fiscal 2022 Results - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/amrep-reports-first-quarter-fiscal-2022-results\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"AMREP Reports First Quarter Fiscal 2022 Results - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"HAVERTOWN, Pa., Sept. 14, 2021 (GLOBE NEWSWIRE) — AMREP Corporation (NYSE:AXR) today reported net income of $1,637,000, or $0.22 per diluted share, for its 2022 fiscal first quarter ended July 31, 2021 compared to net income of $593,000, or $0.07 per diluted share, for the same period of the prior year.\u00a0\u00a0 Revenues were $10,507,000 for the first quarter of 2022 and $4,206,000 for the first quarter of 2021. More information about the Company\u2019s financial performance for the first quarters of 2022 and 2021 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\/). 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