---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-23-125024"
form_type: "8-K"
ticker: "AXR"
cik: "0000006207"
company_name: "AMREP CORP."
filed_at: "2023-12-11T23:59:59+00:00"
generated_at: "2026-06-07T15:16:31.903797+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# AMREP Q2 fiscal 2024 net income falls to $1.1M from $3.6M YoY; revenue down 45%

## Summary
- Q2 net income $1.1M ($0.21 diluted EPS) vs $3.6M ($0.68) in prior year.
- Q2 revenues $8.9M, down from $16.1M YoY.
- Six-month net income $2.5M ($0.46 diluted EPS) vs $5.5M ($1.04) in prior year.
- Six-month revenues $19.1M vs $26.9M prior year.

## SEC filing metadata
- accession: 0001104659-23-125024
- form_type: 8-K
- ticker: AXR
- cik: 0000006207
- company_name: AMREP CORP.
- filed_at: 2023-12-11T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- 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/6207/000110465923125024/0001104659-23-125024-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/6207/000110465923125024/tm2332535d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-23-125024
- JSON: https://secwatch.observer/filing/0001104659-23-125024.json
- Plain text: https://secwatch.observer/filing/0001104659-23-125024.txt

## Key facts
- Earnings Releases
  AMREP CORP. reported three and six month periods ended October 31, 2023 results: revenue $8,854,000 and $19,143,000 for the second quarter and first six months of 2024, net income $1,108,000, or $0.21 per diluted share, EPS $0.21 per diluted share.
  - Period: three and six month periods ended October 31, 2023
  - Revenue: $8,854,000 and $19,143,000 for the second quarter and first six months of 2024
  - Net income: $1,108,000, or $0.21 per diluted share
  - EPS: $0.21 per diluted share
  - Result: reported results
  source text: AMREP Corporation (NYSE:AXR) today reported net income of $1,108,000, or $0.21 per diluted share, for its 2024 fiscal second quarter ended October 31, 2023 compared to net income of $3,621,000, or $0.68 per diluted share, for the same period of the prior year.
  evidence_url: https://www.sec.gov/Archives/edgar/data/6207/000110465923125024/0001104659-23-125024-index.htm

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