{"schema_version":"secwatch.filing_event.v1","accession":"0001104659-24-032436","form_type":"8-K","ticker":"AXR","cik":"0000006207","company_name":"AMREP CORP.","filed_at":"2024-03-08T23:59:59+00:00","discovered_at":"2026-05-14T18:03:26.664361+00:00","generated_at":"2026-06-05T00:53:03.808772+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.65,"calibrated_materiality_score":0.65,"confidence":"high","headline":"AMREP Q3 FY2024 net income $92K ($0.02/dil) vs $16.6M ($3.12) YoY","bullets":["Q3 revenue $12.7M, up 39% YoY from $9.1M; net income plunged 99% due to prior-year $16.1M tax benefit.","Nine-month net income $2.5M ($0.48/dil) vs $22.1M ($4.17/dil); revenue $31.8M vs $36.0M.","Prior-year Q3 included $16.1M non-cash tax benefit from worthless stock deduction and $2.3M pension settlement expense.","Company remains a land holder and homebuilder in New Mexico; 10-Q filed with SEC."],"urls":{"canonical":"https://secwatch.observer/filing/0001104659-24-032436","json":"https://secwatch.observer/filing/0001104659-24-032436.json","markdown":"https://secwatch.observer/filing/0001104659-24-032436.md","text":"https://secwatch.observer/filing/0001104659-24-032436.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/6207/000110465924032436/0001104659-24-032436-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/6207/000110465924032436/tm247786d1_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-05T00:53:03.808772+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":"845be7d055e58a1807e11047617d24567265f378","claim":"AMREP CORP. reported the three and nine month periods ended January 31, 2024 results: revenue $12,689,000 and $31,833,000, net income $92,000 and $2,546,000, EPS $0.02 per diluted share and $0.48 per diluted share.","evidence_excerpt":"AMREP had net income of $2,546,000, or $0.48 per diluted share, compared to net income of $22,107,000, or $4.17 per diluted share, for the same period of 2023. Revenues were $12,689,000 and $31,833,000 for the third quarter and first nine months of 2024 and $9,117,000 and $35,975,000 for the third quarter and first nine months of 2023. During the third quarter of","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/6207/000110465924032436/0001104659-24-032436-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the three and nine month periods ended January 31, 2024"},{"label":"Revenue","value":"$12,689,000 and $31,833,000"},{"label":"Net income","value":"$92,000 and $2,546,000"},{"label":"EPS","value":"$0.02 per diluted share and $0.48 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"}