---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-23-100471"
form_type: "8-K"
ticker: "AXR"
cik: "0000006207"
company_name: "AMREP CORP."
filed_at: "2023-09-13T23:59:59+00:00"
generated_at: "2026-06-10T19:34:32.321558+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001104659-23-100471
- form_type: 8-K
- ticker: AXR
- cik: 0000006207
- company_name: AMREP CORP.
- filed_at: 2023-09-13T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/6207/000110465923100471/0001104659-23-100471-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/6207/000110465923100471/tm2326032d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-23-100471
- JSON: https://secwatch.observer/filing/0001104659-23-100471.json
- Plain text: https://secwatch.observer/filing/0001104659-23-100471.txt

## Key facts
- Earnings Releases
  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
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/6207/000110465923100471/0001104659-23-100471-index.htm

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