AMREP posts Q1 FY2024 net income $1.35M ($0.25 EPS), down from $1.91M ($0.36) YoY

AMREP CORP.

2023-Q1 EPS reported $0.25 revenue$10,289,000

Revenue $10.29M vs $10.71M in prior-year quarter, a decline of ~4%.
Diluted EPS $0.25 vs $0.36; net income decreased by ~30% YoY.
Company is a major landholder and homebuilder in New Mexico.
Full quarterly financials filed on Form 10-Q; no guidance changes disclosed.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

AMREP CORP. reported first quarter ended July 31, 2023 results: revenue $10,289,000, net income $1,346,000, EPS $0.25 per diluted share.

Period: first quarter ended July 31, 2023
Revenue: $10,289,000
Net income: $1,346,000
EPS: $0.25 per diluted share
Result: reported results

Exact text from the filing

AMREP Corporation (NYSE:AXR) today reported net income of $1,346,000, or $0.25 per diluted share, for its 2024 fiscal first quarter ended July 31, 2023 compared to net income of $1,912,000, or $0.36 per diluted share, for the same period of the prior year. Revenues were $10,289,000 for the first quarter of 2024 and $10,707,000 for the first quarter of 2023.

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Source: SEC EDGAR

accession 0001104659-23-100471

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