AMREP Q1 FY2023 net income up 17% to $1.91M; diluted EPS $0.36 vs $0.22 YoY

AMREP CORP.

2023-Q1 EPS reported $0.36 revenue$11,232,000

Revenue of $11.23M vs $10.51M YoY, a 6.9% increase.
Net income $1.91M ($0.36 diluted EPS) vs $1.64M ($0.22) in prior-year quarter.
Weighted avg. diluted shares fell to 5.296M from 7.373M, reflecting buybacks.
Real estate and homebuilding operations in New Mexico drove results.

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