AMREP fiscal 2024 net income $6.69M ($1.25 EPS), down 69% from $21.79M ($4.11 EPS) in 2023

AMREP CORP.

Revenue $51.4M, up 5.5% from $48.7M; includes $7.2M from Brighton, CO land sale.
Net income decline driven by absence of $16.1M tax benefit and $7.6M pension settlement expense in prior year.
Diluted EPS $1.25 vs $4.11; basic EPS $1.26 vs $4.13.
Weighted average diluted shares 5.35M vs 5.31M.
Full year results filed on Form 10-K; company continues as landholder, developer, and homebuilder in New Mexico.

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