• AMREP Reports Fiscal 2021 Results

    Source: Nasdaq GlobeNewswire / 27 Jul 2021 17:33:56   America/New_York

    PLYMOUTH MEETING, Pa., July 27, 2021 (GLOBE NEWSWIRE) -- AMREP Corporation (NYSE: AXR) today reported net income of $7,392,000, or $0.95 per diluted share, for its 2021 fiscal year ended April 30, 2021 compared to a net loss of $5,903,000, or $0.73 per share, for the prior year. Revenues were $40,069,000 for fiscal 2021 and $18,783,000 for fiscal 2020.

    More information about the Company’s financial performance in 2021 and 2020 may be found in AMREP Corporation’s financial statements on Form 10-K 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.        

    FINANCIAL HIGHLIGHTS

      Twelve Months Ended April 30,
       2021  2020 
         
    Revenues $40,069,000 $18,783,000 
         
    Net income (loss) $7,392,000 $(5,903,000)
         
    Income (loss) per share – Basic $          0.95 $(0.73)
    Income (loss) per share – Diluted $          0.95 $(0.73)
         
    Weighted average number of common shares outstanding - basic  7,743,000  8,134,000 
    Weighted average number of common shares outstanding - diluted  7,773,000  8,134,000 


    CONTACT:Adrienne M. Uleau
     Vice President, Finance and Accounting
     (610) 487-0907

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