HOME CORPORATE DIRECTORY INVESTOR RELATIONS CORPORATE GOVERNANCE SEC FILINGS Investor Relations FOR: AMREP Corporation 850 West Chester Pike, Suite 205 Havertown, PA 19083 CONTACT: Adrienne M. Uleau Vice President, Finance and Accounting (610) 487-0907 AMREP REPORTS FIRST QUARTER FISCAL 2022 RESULTS Havertown, Pennsylvania, September 14, 2021 – AMREP Corporation (NYSE:AXR) today reported net income of $1,637,000, or $0.22 per diluted share, for its 2022 fiscal first quarter ended July 31, 2021 compared to net income of $593,000, or $0.07 per diluted share, for the same period of the prior year. Revenues were $10,507,000 for the first quarter of 2022 and $4,206,000 for the first quarter of 2021. More information about the Company’s financial performance for the first quarters of 2022 and 2021 may be found in AMREP Corporation’s financial statements on Form 10-Q which have today been filed with the Securities and Exchange Commission and will be available on AMREP’s website (www.amrepcorp.com/sec-filings/). AMREP Corporation, through its subsidiaries, is a major holder of land, leading developer of real estate and award-winning homebuilder in New Mexico. FINANCIAL HIGHLIGHTS Three Months Ended July 31, 2021 2020 Revenues $ 10,507,000 $ 4,206,000 Net income (loss) $ 1,637,000 $ 593,000 Income (loss) per share – basic $ 0.22 $ 0.07 Income (loss) per share – diluted $ 0.22 $ 0.07 Weighted average number of common shares outstanding – basic 7,346,000 8,151,000 Weighted average number of common shares outstanding – diluted 7,373,000 8,182,000 PRIOR PRESS RELEASES 2021 Press Releases September 14, 2021 AMREP REPORTS FIRST QUARTER FISCAL 2022 RESULTS March 11, 2021 AMREP REPORTS THIRD QUARTER FISCAL 2021 RESULTS 2020 Press Releases December 8, 2020 AMREP REPORTS SECOND QUARTER FISCAL 2021 RESULTS September 9, 2020 AMREP REPORTS FIRST QUARTER FISCAL 2021 RESULTS AND ANNOUNCES DIRECTOR RESIGNATION July 27, 2020 AMREP REPORTS FISCAL 2020 RESULTS March 6, 2020 AMREP REPORTS THIRD QUARTER FISCAL 2020 RESULTS 2019 Press Releases December 10, 2019 AMREP REPORTS SECOND QUARTER FISCAL 2020 RESULTS September 11, 2019 AMREP REPORTS FIRST QUARTER FISCAL 2020 RESULTS July 26, 2019 AMREP REPORTS FISCAL 2019 RESULTS April 26, 2019 AMREP SELLS ITS PALM COAST FULFILLMENT SERVICES March 13, 2019 AMREP REPORTS THIRD QUARTER FISCAL 2019 RESULTS 2018 Press Releases December 11, 2018 AMREP REPORTS SECOND QUARTER FISCAL 2019 RESULTS September 11, 2018 AMREP REPORTS FIRST QUARTER FISCAL 2019 REPORTS July 20, 2018 AMREP REPORTS FISCAL 2018 REPORTS March 19, 2018 AMREP REPORTS THIRD QUARTER FISCAL 2018 RESULTS 2017 Press Releases December 12, 2017 AMREP REPORTS SECOND QUARTER FISCAL 2018 RESULTS OFFICER September 18, 2017 AMREP ANNOUNCES APPOINTMENTS OF CHIEF EXECUTIVE OFFICER AND CHIEF FINANCIAL OFFICER September 13, 2017 AMREP REPORTS FIRST QUARTER FISCAL 2018 RESULTS July 18, 2017 AMREP REPORTS FISCAL 2017 RESULTS March 15, 2017 AMREP REPORTS THIRD QUARTER FISCAL 2017 RESULTS 2016 Press Releases December 14, 2016 AMREP REPORTS SECOND QUARTER FISCAL 2017 RESULTS OFFICER September 14, 2016 AMREP REPORTS FIRST QUARTER FISCAL 2017 RESULTS August 18, 2016 AMREP ANNOUNCES APPOINTMENT OF CHIEF FINANCIAL OFFICER July 29, 2016 AMREP REPORTS FISCAL 2016 RESULTS April 28, 2016 AMREP ANNOUNCES RETIREMENT OF CFO PETE PIZZA; CLIFFORD MARTIN NAMED AS SUCCESSOR March 15, 2016 AMREP REPORTS THIRD QUARTER FISCAL 2016 RESULTS 2015 Press Releases December 11, 2015 AMREP REPORTS SECOND QUARTER FISCAL 2016 RESULTS September 14, 2015 AMREP ANNOUNCES APPOINTMENT OF CHIEF FINANCIAL OFFICER July 29, 2015 AMREP REPORTS FIRST QUARTER FISCAL 2015 RESULTS February 9, 2015 AMREP SELLS ITS NEWSSTAND DISTRIBUTION SERVICES BUSINESS AND ITS PRODUCT PACKAGING AND FULFILLMENT SERVICES BUSINESS March 17, 2015 AMREP REPORTS THIRD QUARTER FISCAL 2016 RESULTS © Copyright 2020. All Rights Reserved.