---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-24-081919"
form_type: "8-K"
ticker: "AXR"
cik: "0000006207"
company_name: "AMREP CORP."
filed_at: "2024-07-23T23:59:59+00:00"
generated_at: "2026-05-31T18:16:08.291749+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001104659-24-081919
- form_type: 8-K
- ticker: AXR
- cik: 0000006207
- company_name: AMREP CORP.
- filed_at: 2024-07-23T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/6207/000110465924081919/0001104659-24-081919-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/6207/000110465924081919/tm2419885d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-24-081919
- JSON: https://secwatch.observer/filing/0001104659-24-081919.json
- Plain text: https://secwatch.observer/filing/0001104659-24-081919.txt

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