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 Company's consolidated financial statements. The consolidated financial statements have been audited by McGladrey LLP, independent registered public accounting firm. 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 is Item 7 of Part II of this 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,
  2012(a) 2011(b) 2010(c) 2009(d) 2008
(In thousands, except per share amounts)
Financial Summary :   
  Revenues      $ 85,360   $ 96,837   $ 120,498   $ 145,901   $ 172,061
  Income (Loss) from Continuing Operations      $ (1,143)   $ (7,561)   $ (9,480)   $ (43,466)   $ 13,762
  Income (loss) from Discontinued Operations,
    net of tax
     $ -   $ -   $ -   $ -   $ (57)
  Net Income (Loss)      $ (1,143)   $ (7,561)   $ (9,480)   $ (43,466)   $ 13,705
  Total Assets      $ 203,039   $ 206,614   $ 227,349   $ 256,217   $ 307,654

Capitalization:  
  Shareholders' Equity      $ 74,645   $ 78,946   $ 86,567   $ 96,281   $ 145,056
  Notes Payable      $ 21,325   $ 23,985   $ 28,654   $ 37,936   $ 25,980

Per Share:  
  Earnings(Loss) from Continuing Operations      $ (0.19)   $ (1.26)   $ (1.58)   $ (7.25)   $ 2.20
  Income (Loss) from Discontinued Operations      $ -   $ -   $ -   $ -   $ (0.01)
  Earnings (Loss)-     
    Basic and Diluted      $ (0.19)   $ (1.26)   $ (1.58)   $ (7.25)   $ 2.19
  Book Value      $ 12.45   $ 13.17   $ 14.44   $ 16.06   $ 24.20
  Cash Dividend      $ -   $ -   $ -   $ -   $ 1.00

Shares Outstanding, End of Year       5,996    5,996    5,996    5,996    5,995

(a) Includes pre-tax charges of $570 related to the impairment of certain real estate assets ($359 after tax, or $0.06 per share). See Note 14 to the consolidated financial statements included in the Company's annual report on Form 10-K for further information.
(b) 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 14 to the consolidated financial statements included in the Company's annual report on Form 10-K for further information.
(c) Includes a pre-tax charge of $2,075 related to the impairment of certain real estate assets ($1,307 after tax, or $0.22 per share). See Note 14 to the consolidated financial statements included in the Company's annual report on Form 10-K for further information.
(d) Includes a pre-tax charge of $50,246 related to the impairment of goodwill ($41,557 after tax, or $6.93 per share).


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.