secwatch.observer — SEC 8-K summary
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Issuer:     AMREP CORP. (AXR)
CIK:        0000006207
Form:       8-K
Filed at:   2024-07-23T23:59:59+00:00
Accession:  0001104659-24-081919
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/6207/000110465924081919/0001104659-24-081919-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/6207/000110465924081919/tm2419885d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-24-081919

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