---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-23-031802"
form_type: "8-K"
ticker: "AXR"
cik: "0000006207"
company_name: "AMREP CORP."
filed_at: "2023-03-13T23:59:59+00:00"
generated_at: "2026-06-18T05:00:24.872501+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# AMREP reports Q3 net income $16.6M ($3.12/diluted) vs $0.9M YoY on $16.1M tax benefit

## Summary
- Q3 net income $16.6M, diluted EPS $3.12; prior year $0.9M, $0.12.
- Revenue $9.12M vs $9.39M YoY (roughly flat).
- Non-cash income tax benefit of $16.1M from worthless stock deduction boosted net income.
- Recognized $2.34M non-cash pension settlement expense from lump-sum payouts.
- Weighted average diluted shares fell to 5.31M from 7.39M (share buybacks).

## SEC filing metadata
- accession: 0001104659-23-031802
- form_type: 8-K
- ticker: AXR
- cik: 0000006207
- company_name: AMREP CORP.
- filed_at: 2023-03-13T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/6207/000110465923031802/0001104659-23-031802-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/6207/000110465923031802/tm239154d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-23-031802
- JSON: https://secwatch.observer/filing/0001104659-23-031802.json
- Plain text: https://secwatch.observer/filing/0001104659-23-031802.txt

## Key facts
- Earnings Releases
  AMREP CORP. reported financial results for three and nine month periods ended January 31, 2023.
  - Period: three and nine month periods ended January 31, 2023
  - Result: reported results
  source text: On March 13, 2023, AMREP Corporation issued a press release that reported its results of operations for the three and nine month periods ended January 31, 2023.
  evidence_url: https://www.sec.gov/Archives/edgar/data/6207/000110465923031802/0001104659-23-031802-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.