AMREP Corporation (AXR)
AMREP Corporation operates in the Real Estate - Development industry of the Real Estate sector, headquartered in Havertown, PA, US. The stock last traded at $22.25, up 2.35% on the session, giving a market capitalisation of $118.0M. On trailing twelve-month figures it carries a trailing P/E of 11.53, a net margin of 19.5%. Its beta of 1.11 implies it has historically moved more than the broad market.
Established in 1961 and headquartered in Havertown, Pennsylvania, AMREP Corporation is primarily involved in the real estate industry, operating through its subsidiaries. The company's operations are divided into two main divisions: land development and home construction. It markets both raw and prepared land parcels to residential builders, commercial and industrial property developers, and other clients. By July 1, 2022, AMREP's land portfolio encompassed approximately 17,000 acres in Sandoval County, New Mexico, alongside a roughly 160-acre property in Brighton, Colorado. Furthermore, the corporation holds mineral rights spanning about 55,000 surface acres in Sandoval County, New Mexico, and possesses oil, gas, and mineral interests across approximately 147 surface acres in Brighton, Colorado. In addition to its land sales, AMREP focuses on building and selling single-family detached and attached residences.
AMREP Corporation is most often compared with the following Real Estate names: