AMREP Corp
AXR

$22.65

4.14%

Market Cap: 119M

About: Amrep Corp through its subsidiaries is engaged in the Real estate business. Its activities include land sales and lease activities, which involve the obtaining of approvals and the sale of both developed and undeveloped lots to homebuilders, commercial users, and others, as well as investments in commercial and investment properties. Its operating segments include Land development and Homebuilding. The firm generates a majority of its revenue from the Land development segment. Geographically, all the activities are carried out throughout the United States.

Employees: 28

Real Estate Land Subdividers & Developers, Except Cemeteries

0

Funds holding %

of 6,702 funds

–

Analysts bullish %

–

News positive %

Fund manager confidence

Based on 2024 Q1 SEC filings by fund managers ($100M+ AUM)

12% more capital invested

Capital invested by funds: $49.6M [Q4 2023] → $55.6M (+$5.97M) [Q1 2024]

0.85% more ownership

Funds ownership: 28.82% [Q4 2023] → 29.67% (+0.85%) [Q1 2024]

0% more repeat investments, than reductions

Existing positions increased: 9 | Existing positions reduced: 9

3% less funds holding

Funds holding: 31 [Q4 2023] → 30 (-1) [Q1 2024]

50% less funds holding in top 10

Funds holding in top 10: 2 [Q4 2023] → 1 (-1) [Q1 2024]

50% less first-time investments, than exits

New positions opened: 1 | Existing positions closed: 2

See Fund Rankings

Research analyst outlook

We haven’t received any recent analyst ratings for AXR.

See Analyst Rankings

Financial journalist opinion

Zacks Investment Research

AMREP (AXR) FY24 Earnings Decline, Revenues Record Improvement

AMREP's (AXR) overall top line benefits from revenue growth in the majority of the revenue sources.

AMREP (AXR) FY24 Earnings Decline, Revenues Record Improvement

AMREP Reports Fiscal 2024 Results

HAVERTOWN, Pa., July 23, 2024 (GLOBE NEWSWIRE) -- AMREP Corporation (NYSE:AXR) today reported net income of $6,690,000, or $1.25 per diluted share, for its 2024 fiscal year ended April 30, 2024 compared to net income of $21,790,000, or $4.11 per diluted share, for the same period of the prior year. Revenues were $51,369,000 for fiscal 2024 and $48,676,000 for fiscal 2023.

AMREP Reports Fiscal 2024 Results

Long-Term Growth Prospects On AMREP's Assets

AMREP Corporation owns a significant amount of land in Rio Rancho, New Mexico, positioning them to benefit from population growth in the area. The company has, to an extent, control over the rate at which subdivisions and building projects are developed, providing price protection. Rio Rancho is experiencing a growing population due to Albuquerque's very limited ability to expand.

Long-Term Growth Prospects On AMREP's Assets

AMREP Reports Third Quarter Fiscal 2024 Results

HAVERTOWN, Pa., March 08, 2024 (GLOBE NEWSWIRE) -- AMREP Corporation (NYSE:AXR) today reported net income of $92,000, or $0.02 per diluted share, for its 2024 fiscal third quarter ended January 31, 2024 compared to net income of $16,574,000, or $3.12 per diluted share, for the same period of the prior year. For the first nine months of 2024, AMREP had net income of $2,546,000, or $0.48 per diluted share, compared to net income of $22,107,000, or $4.17 per diluted share, for the same period of 2023. Revenues were $12,689,000 and $31,833,000 for the third quarter and first nine months of 2024 and $9,117,000 and $35,975,000 for the third quarter and first nine months of 2023.

AMREP Reports Third Quarter Fiscal 2024 Results

AXR Stock Earnings: Amrep Reported Results for Q2 2024

Amrep (NYSE: AXR ) just reported results for the second quarter of 2024. Amrep reported earnings per share of 21 cents.

AXR Stock Earnings: Amrep Reported Results for Q2 2024

AMREP Reports Second Quarter Fiscal 2024 Results

HAVERTOWN, Pa., Dec. 11, 2023 (GLOBE NEWSWIRE) -- AMREP Corporation (NYSE:AXR) today reported net income of $1,108,000, or $0.21 per diluted share, for its 2024 fiscal second quarter ended October 31, 2023 compared to net income of $3,621,000, or $0.68 per diluted share, for the same period of the prior year. For the first six months of 2024, AMREP had net income of $2,454,000, or $0.46 per diluted share, compared to net income of $5,533,000, or $1.04 per diluted share, for the same period of 2023. Revenues were $8,854,000 and $19,143,000 for the second quarter and first six months of 2024 and $16,149,000 and $26,856,000 for the second quarter and first six months of 2023.

AMREP Reports Second Quarter Fiscal 2024 Results

See News Rankings