AMREP Corporation


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Selected Financial Data

The selected consolidated financial data presented below for, and as of the end of, each of the last five fiscal years has been derived from and is qualified by reference to the AMREP Corporation’s (the “Company’s”) consolidated financial statements. The information should be read in conjunction with the consolidated financial statements and related notes thereto and “Management’s Discussion and Analysis of Financial Condition and Results of Operations”, which are included in Item 7 of Part II of the Company’s annual report on Form 10-K. These historical results are not necessarily indicative of the results to be expected in the future.


Year Ended April 30,
  2011(a) 2010(b) 2009(c) 2008 2007
(In thousands, except per share amounts)
Financial Summary :   
  Revenues      $ 96,837   $ 120,498   $ 145,901   $ 172,061   $ 204,839
  Income (Loss) from Continuing Operations      $ (7,561)   $ (9,480)   $ (43,466)   $ 13,762   $ 46,697
  Income (loss) from Discontinued Operations,
    net of tax		      $ -   $ -   $ -   $ (57)   $ (1,591)
  Net Income (Loss)      $ (7,561)   $ (9,480)   $ (43,466)   $ 13,705   $ 45,106
  Total Assets      $ 190,040   $ 211,509   $ 227,652   $ 284,951   $ 292,659

Capitalization:  
  Shareholders' Equity      $ 78,946   $ 86,567   $ 96,281   $ 145,056   $ 160,004
  Notes Payable      $ 23,985   $ 28,654   $ 37,936   $ 25,980   $ 32,299

Per Share:  
  Earnings(Loss) from Continuing Operations      $ (1.26)   $ (1.58)   $ (7.25)   $ 2.20   $ 7.02
  Income (Loss) from Discontinued Operations      $ -   $ -   $ -   $ (0.01)   $ (0.24)
  Earnings (Loss)-     
    Basic and Diluted      $ (1.26)   $ (1.58)   $ (7.25)   $ 2.19   $ 6.78
  Book Value      $ 13.17   $ 14.44   $ 16.06   $ 24.20   $ 24.05
  Cash Dividend      $ -   $ -   $ -   $ 1.00   $ 0.85

Shares Outstanding       5,996    5,996    5,996    5,995    6,654

(a) Includes pre-tax charges of $6,827 related to the impairment of certain real estate assets ($4,301 after tax, or $0.72 per share) and $3,893 related to the impairment of goodwill (with no tax benefit, or $0.65 per share). See Note 9 to the consolidated financial statements included in the Company’s annual report on Form 10-K for further information.
(b) Includes a pre-tax charge of $2,075 related to the impairment of certain real estate ($1,307 after tax, or $0.22 per share). See Note 9 to the consolidated financial statements included in the annual report on Form 10-K for further information.
(c) Includes a pre-tax charge of $50,246 related to the impairment of goodwill (after tax $41,557, or $6.93 per share), see Note 9 to the consolidated financial statements included in the annual report on Form 10-K for further information.


To view AMREP's financial statements and other SEC filings, you may go to the U.S. Securities and Exchange Commission's website for all documents files via EDGAR. This includes all Section 16 filings.