Amrep reports fiscal 2022 results

Havertown, pa., july 21, 2022 (globe newswire) -- amrep corporation (nyse:axr) today reported net income of $15,862,000, or $2.21 per diluted share, for its 2022 fiscal year ended april 30, 2022 compared to net income of $7,392,000, or $0.95 per diluted share, for the same period of the prior year. revenues were $62,479,000 for fiscal 2022 and $40,069,000 for fiscal 2021. results for 2022 included revenue of $7,107,000 from the sale to one purchaser of 1,196 acres of undeveloped land near rio rancho in sandoval county, new mexico, $8,439,000 from the sale of buildings in albuquerque, new mexico and palm coast, florida and $6,054,000 from the sale of commercial land in parker, colorado, rio rancho, new mexico and albuquerque, new mexico.
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