{"schema_version":"secwatch.filing_event.v1","accession":"0001104659-23-083890","form_type":"8-K","ticker":"AXR","cik":"0000006207","company_name":"AMREP CORP.","filed_at":"2023-07-25T23:59:59+00:00","discovered_at":"2026-05-14T18:03:36.403536+00:00","generated_at":"2026-06-13T03:33:07.293666+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"neutral","materiality_score":0.6,"calibrated_materiality_score":0.6,"confidence":"high","headline":"AMREP fiscal 2023 net income $21.8M ($4.11 diluted EPS) vs $15.9M ($2.21) prior year; revenue down 17%","bullets":["Revenue $48.7M vs $58.9M in FY2022; decline driven by absence of prior-year large land and building sales.","Net income includes $14.1M non-cash tax benefit from worthless stock deduction and $7.6M pension settlement expense.","Diluted EPS $4.11, up 86% from $2.21, aided by one-time tax benefit and lower share count (5.3M vs 7.2M).","Basic weighted-average shares outstanding fell to 5.28M from 7.17M due to share repurchases or other capital actions."],"urls":{"canonical":"https://secwatch.observer/filing/0001104659-23-083890","json":"https://secwatch.observer/filing/0001104659-23-083890.json","markdown":"https://secwatch.observer/filing/0001104659-23-083890.md","text":"https://secwatch.observer/filing/0001104659-23-083890.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/6207/000110465923083890/0001104659-23-083890-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/6207/000110465923083890/tm2321898d1_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-13T03:33:07.293666+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"c878dc95bc8e51c429e6f8331adf238eb6be633c","claim":"AMREP CORP. reported fiscal year ended April 30, 2023 results: revenue $48,676,000, net income $21,790,000, EPS $4.11 per diluted share.","evidence_excerpt":"AMREP Corporation (NYSE:AXR) today reported net income of $21,790,000, or $4.11 per diluted share, for its 2023 fiscal year ended April 30, 2023 compared to net income of $15,862,000, or $2.21 per diluted share, for the same period of the prior year. Revenues were $48,676,000 for fiscal 2023 and $58,926,000 for fiscal 2022.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/6207/000110465923083890/0001104659-23-083890-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"fiscal year ended April 30, 2023"},{"label":"Revenue","value":"$48,676,000"},{"label":"Net income","value":"$21,790,000"},{"label":"EPS","value":"$4.11 per diluted share"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}