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Latest AXR News From Around the Web
Below are the latest news stories about Amrep Corp that investors may wish to consider to help them evaluate AXR as an investment opportunity.
Returns On Capital - An Important Metric For AMREP (NYSE:AXR)What trends should we look for it we want to identify stocks that can multiply in value over the long term? In a... |
AMREP Reports Third Quarter Fiscal 2021 ResultsPLYMOUTH MEETING, Pa., March 11, 2021 (GLOBE NEWSWIRE) -- AMREP Corporation (NYSE:AXR) today reported net income of $2,093,000, or $0.29 per share, for its 2021 fiscal third quarter ended January 31, 2021 compared to net income of $338,000, or $0.04 per share, for the same period of the prior year. For the first nine months of 2021, AMREP had net income of $3,484,000, or $0.44 per share, compared to a net loss of $2,027,000, or $0.25 per share, for the same period of 2020. AMREP Corporation, through its subsidiaries, is a major holder of land and leading developer of real estate in New Mexico. FINANCIAL HIGHLIGHTS Three Months Ended January 31, 2021 2020 Revenues$7,864,000 $5,287,000 Net income (loss)$2,093,000 $338,000 Income (loss) per share – basic$0.29 $0.04Income (loss) per share –... |
AMREP Reports First Quarter Fiscal 2021 Results and Announces Director ResignationPLYMOUTH MEETING, Pa., Sept. 09, 2020 (GLOBE NEWSWIRE) -- AMREP Corporation (NYSE: AXR) today reported net income of $593,000, or $0.07 per share, for its 2021 fiscal first quarter ended July 31, 2020 compared to a net loss of $196,000, or $0.02 per share, for the same period of the prior year. In addition, AMREP reported that Theodore J. Gaasche has resigned as a director of AMREP for personal reasons and has withdrawn as a director nominee for consideration at the annual meeting of shareholders of AMREP to be held on September 10, 2020. Given this development, the board of directors has reduced the size of the board from four members to three members but will consider adding a new director in the near future.AMREP’s Chairman, Edward B. Cloues, II, commented, “Ted served as the chief ... |
Health Check: How Prudently Does AMREP (NYSE:AXR) Use Debt?Some say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously... |
AMREP Reports Fiscal 2020 ResultsPLYMOUTH MEETING, Pennsylvania, July 27, 2020 (GLOBE NEWSWIRE) -- AMREP Corporation (NYSE: AXR) today reported a net loss of $5,903,000, or $0.73 per share, for its 2020 fiscal year ended April 30, 2020 compared to net income of $1,527,000, or $0.19 per share, for the prior year. Results for 2020 included $8,600,000 of non-cash charges comprised of: (1) a non-cash pre-tax pension settlement charge of $2,929,000 due to the payment of lump sum payouts of pension benefits to 309 former employees and (2) net non-cash pre-tax impairment charges on other assets of $5,046,000 in connection with certain deemed consideration from the sale of the Company’s fulfillment services business. Results for 2019 reflected a net loss from continuing operations of $2,465,000 and net income from discontinue... |