安美瑞普：2025年季度报告

FORM10-Q ☒QUARTERLY REPORT PURSUANT TO SECTION13 OR 15(d)OF THE SECURITIES EXCHANGEACT OF 1934For the quarterly period endedJuly 31, 2025OR ☐TRANSITION REPORT PURSUANT TO SECTION13 OR 15(d)OF THE SECURITIES EXCHANGEACT OF 1934 For the transition period from ___________ to ___________Commission File Number:1-4702 AMREP Corporation(Exact Name of Registrant as Specified in its Charter) (610)487-0905Registrant’s Telephone Number, Including Area Code Indicate by check mark whether the registrant (1)has filed all reports required to be filed by Section13 or 15(d)of theSecurities Exchange Act of 1934 (the “Exchange Act”) during the preceding 12months (or for such shorter period that theregistrant was required to file such reports), and (2)has been subject to such filing requirements for the past 90days.Yes☒No☐ Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to besubmitted pursuant to Rule405 of RegulationS-T (§232.405 of this chapter) during the preceding 12months (or for suchshorter period that the registrant was required to submit such files).Yes☒No☐ Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, asmaller reporting company, or an emerging growth company. See the definitions of “large accelerated filer”, “acceleratedfiler”, “smaller reporting company”, and “emerging growth company” in Rule12b-2 of the Exchange Act. Largeacceleratedfiler☐Non-accelerated filer☒Emerging growth company☐ Acceleratedfiler☐Smallerreportingcompany☒ If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transitionperiod for complying with any new or revised financial accounting standards provided pursuant to Section13(a)of theExchange Act.☐ Indicate by check mark whether the registrant is a shell company (as defined in Rule12b-2 of the Exchange Act).Yes☐No☒ Number of Shares of Common Stock, par value $.10 per share, outstanding at September 5, 2025 –5,305,949. AMREP CORPORATION AND SUBSIDIARIES INDEX PART I. FINANCIAL INFORMATIONPAGENO. Item 1.Financial StatementsCondensed Consolidated Balance Sheets July 31, 2025 (Unaudited) and April 30, 20252Condensed Consolidated Statements of Operations (Unaudited) Three Months EndedJuly 31, 2025 and 20243Condensed Consolidated Statements of Comprehensive Income (Unaudited) ThreeMonths Ended July 31, 2025 and 20244Condensed Consolidated Statements of Shareholders’ Equity (Unaudited) Three MonthsEnded July 31, 2025 and 20245Condensed Consolidated Statements of Cash Flows (Unaudited) Three Months EndedJuly 31, 2025 and 20246Notes to Condensed Consolidated Financial Statements (Unaudited)7Item 2.Management’s Discussion and Analysis of Financial Condition and Results of Operations15Item 4.Controls and Procedures21PART II. OTHER INFORMATIONItem 5.Other Information22Item 6.Exhibits22SIGNATURE23EXHIBIT INDEX24 PARTI. FINANCIAL INFORMATION AMREP CORPORATION AND SUBSIDIARIESCONDENSED CONSOLIDATED BALANCE SHEETS(Amounts in thousands, except share and per share amounts) The accompanying notes to unaudited condensed consolidated financial statements are an integral part of theseunaudited condensed consolidated financial statements. AMREP CORPORATION AND SUBSIDIARIESCONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED)Three Months Ended July 31, 2025 and 2024 (Amounts in thousands, except per share amounts) The accompanying notes to unaudited condensed consolidated financial statements are an integral part of theseunaudited condensed consolidated financial statements. AMREP CORPORATION AND SUBSIDIARIESCONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (UNAUDITED)Three Months Ended July 31, 2025 and 2024(Amounts in thousands) Three Months endedJuly31,20252024Net income$4,692$4,064Other comprehensive income——Total comprehensive income$4,692$4,064 The accompanying notes to unaudited condensed consolidated financial statements are an integral part of theseunaudited condensed consolidated financial statements. AMREP CORPORATION AND SUBSIDIARIESCONDENSED CONSOLIDATED STATEMENTS OF SHAREHOLDERS’ EQUITY (UNAUDITED)Three Months Ended July 31, 2025 and 2024(Amounts in thousands) AMREP CORPORATION AND SUBSIDIARIESCONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED)Three Months Ended July 31, 2025 and 2024(Amounts in thousands) The accompanying notes to unaudited condensed consolidated financial statements are an integral part of theseunaudited condensed consolidated financial statements. AMREP CORPORATION AND SUBSIDIARIESNotesto Condensed Consolidated Financial Statements (Unaudited)Three Months Ended July 31, 2025 and 2024 SUMMARY OF SIGNIFICANT ACCOUNTING AND FINANCIAL REPORTING POLICIES The accompanying unaudited condensed consolidated financial statements have been prepared by AMREPCorporation (the “Company”) pursuant to the rulesand regulations of the Securities and Exchange Com