The following excerpt is from the company's SEC filing.
Meeting, Pennsylvania 19462
Adrienne M. Uleau
Vice President, Finance
AMREP REPORTS SECOND QUARTER FISCAL 2021
Plymouth Meeting, Pennsylvania, December
8, 2020 – AMREP Corporation (NYSE: AXR) today reported net income of $798,000, or $0.10 per share, for its 2021 fiscal second
quarter ended October 31, 2020 compared to a net loss of $2,169,000, or $0.27 per share, for the same period of the prior year.
For the first six months of 2021, AMREP had net income of $1,391,000, or $0.17 per share, compared to a net loss of $2,365,000,
or $0.29 per share, for the same period of 2020. During the second quarter of 2020, AMREP recognized a non-cash pre-tax settlement
charge of $2,929,000 due to AMREP’s defined benefit pension plan paying certain lump sum payouts of pension benefits to former
AMREP Corporation, through its subsidiaries,
is a major holder of land and leading developer of real estate in New Mexico.
Three Months Ended October 31,
Net income (loss)
Income (loss) per share – Basic and Diluted
Weighted average number of common shares outstanding - basic
Weighted average number of common shares outstanding - diluted
Six Months Ended October 31,
AMREP Corporation’s financial statements
on Form 10-Q are expected to be filed with the Securities and Exchange Commission concurrently with this release and will be available
on AMREP’s website (www.amrepcorp.com/sec-filings/).
The above information was disclosed in a filing to the SEC. To see the filing, click here.
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