earnings
confidence high
sentiment positive
materiality 0.75
AMREP posts $2.21 diluted EPS for fiscal 2022, up from $0.95; revenue rises 56%
AMREP CORP.
- Net income $15.86M ($2.21/diluted share) vs $7.39M ($0.95) in prior year.
- Revenue $62.48M, up 56% from $40.07M, driven by land and building sales.
- Land sales included 1,196 acres near Rio Rancho ($7.1M), buildings ($8.4M), commercial parcels ($6.1M).
- Weighted average diluted shares 7.19M vs 7.77M a year earlier.