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Amrep Corporation

Logo: amrepcorp.com5

Company in Princeton, United States

AMREP Corporation is a real estate and media services company based in Princeton, New Jersey, in the United States. It was founded in 1961 as The American Realty and Petroleum Corporation.3 Its shares trade on NYSE under the symbol AXR.1 Wikipedia text CC BY-SA 4.0

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Last updated Oct 21, 2026.

Overview

$52.8MRevenue, fiscal 20266
$10.3MNet income, fiscal 20266
1961Founded1

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  • TickerAXR on NYSE1
  • IndustryLand Subdividers & Developers (No Cemeteries)1
  • HeadquartersPrinceton1
  • Websitewww.amrepcorp.com
  • Incorporated inOK7
  • Business address850 West Chester Pike, Suite 205, Havertown, Pa 190837
  • Filer categoryNon-accelerated filer, Smaller reporting company7
  • Legal formCorporation4
  • LEI549300NZ6JZ43XEL8V884
  • StatusActive4
  • LEI statusLapsed (not renewed)4
  • Registered addressC/O Corporation Service Company, 19808 Wilmington, United States4

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AMREP Corporation is a real estate and media services company based in Princeton, New Jersey, in the United States. It was founded in 1961 as The American Realty and Petroleum Corporation.3

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2026

23.4%Operating margin6
19.5%Net margin6
6.3%Revenue growth, 20266
7.3%Return on equity6
0.00×Debt to equity6
$12.8MFree cash flow6

What sells

Revenue by product, business segment and region, as the company reports it to the SEC.

Products and services

Home sale brought in 54% of the revenue Amrep Corporation broke down this way in fiscal 2026.

  1. Home sale$28.7M654%up 35% from 2025
  2. Land sale$20.6M639%down 20% from 2025
  3. Revenue From Landscaping$2.4M65%up 15% from 2025
  4. Revenue From Miscellaneous$1.2M62%up 64% from 2025
Products and services by year
Products and services20252026
Home sale$21.2M$28.7M
Land sale$25.6M$20.6M
Revenue From Landscaping$2.1M$2.4M
Revenue From Miscellaneous$709.0K$1.2M

Where the money goes

Where each dollar of revenue went, fiscal 2026

  • Other costs73¢$38.7M
  • Income tax7¢$3.8M
  • Profit19¢$10.3M

Out of $52.8M in revenue.6

Where each dollar of operating cash went, fiscal 2026

  • Capital spending1¢$102.0K
  • Kept or used elsewhere99¢$12.8M

Out of $12.9M of cash from operations.6

Financial statements

Revenue1011121314156$52.8M in 2026+314% since 2019
0$20.0M$40.0M$60.0M2019: $12.8M$12.8M20192020: $18.8M$18.8M2020+47%2021: $40.1M$40.1M2021+113%2022: $58.9M$58.9M2022+47%2023: $48.7M$48.7M2023−17%2024: $51.4M$51.4M2024+6%2025: $49.7M$49.7M2025−3%2026: $52.8M$52.8M2026+6%
Operating income1011121314156$12.4M in 2026
-$10.0M0$10.0M$20.0M$30.0M2019: -$3.2M-$3.2M20192020: -$8.0M-$8.0M2020+147%2021: $9.0M$9.0M20212022: $21.3M$21.3M2022+135%2023: $5.8M$5.8M2023−73%2024: $7.6M$7.6M2024+30%2025: $12.1M$12.1M2025+59%2026: $12.4M$12.4M2026+2%
Net income1011121314156$10.3M in 2026+574% since 2019
-$10.0M0$10.0M$20.0M$30.0M2019: $1.5M$1.5M20192020: -$5.9M-$5.9M20202021: $7.4M$7.4M20212022: $15.9M$15.9M2022+115%2023: $21.8M$21.8M2023+37%2024: $6.7M$6.7M2024−69%2025: $12.7M$12.7M2025+90%2026: $10.3M$10.3M2026−19%

Every line of the income statement as filed: the last 2 fiscal years, latest first.6

Period ending2026-04-302025-04-30
Total revenues$52.8M$49.7M
General and administrative expenses$9.0M$7.3M
Total costs and expenses$40.5M$37.6M
Operating income$12.4M$12.1M
Interest income, net$1.7M$1.6M
Other expense-$4.0K
Income before income taxes$14.1M$13.7M
Provision for income taxes$3.8M$1.0M
Net income$10.3M$12.7M
Earnings per share - basic (in dollars per share)$1.93$2.39
Earnings per share - diluted (in dollars per share)$1.91$2.37
Weighted average number of common shares outstanding - basic (in shares)5.3M shares5.3M shares
Weighted average number of common shares outstanding - diluted (in shares)5.4M shares5.4M shares

Compare Amrep Corporation with another company

Corporate structure

Amrep Corporation sits at the top of its group. 30 entities, 1 country on record. Switch between the flow chart and the network, and select any entity to see its details.

Major holders of Amrep Corporation

  • Amrep Corporation Atlanta, Georgia, United States
    • American Republic Investment Co. Subsidiary · Delaware, United States
    • AMREP Corporation (Registrant) Subsidiary · Oklahoma, United States
    • AMREP Southwest Inc. Subsidiary · New Mexico, United States
    • AMREPCO Inc. Subsidiary · Colorado, United States
    • Amreston Construction LLC Subsidiary · New Mexico, United States
    • Amreston Homes LLC Subsidiary · New Mexico, United States
    • Arroyos, LLC Subsidiary · New Mexico, United States
    • Butterfly Holdings, LLC Subsidiary · New Mexico, United States
    • Clean Slate Properties, LLC Subsidiary · New Mexico, United States
    • Corner Office, LLC Subsidiary · New Mexico, United States
    • Dealande LLC Subsidiary · New Mexico, United States
    • Enchanted Hills Development Company, LLC Subsidiary · New Mexico, United States
    • Hawksite 27 Development Company, LLC Subsidiary · New Mexico, United States
    • Las Fuentes Village II, LLC Subsidiary · New Mexico, United States
    • Las Fuentes Village III, LLC Subsidiary · New Mexico, United States
    • Lavender Fields, LLC Subsidiary · New Mexico, United States
    • Lomas Encantadas Development Company, LLC Subsidiary · New Mexico, United States
    • Mountain Hawk East Development Company LLC Subsidiary · New Mexico, United States
    • Mountain Hawk West Development Company LLC Subsidiary · New Mexico, United States
    • Oruga LLC Subsidiary · New Mexico, United States
    • Outer Rim Investments, Inc. Subsidiary · New Mexico, United States
    • PCD ARIC Holdco LLC Subsidiary · Delaware, United States
    • Pueblo del Sol, LLC Subsidiary · New Mexico, United States
    • Resurrection Land Company, LLC Subsidiary · New Mexico, United States
    • Rioscapes LLC Subsidiary · New Mexico, United States
    • and 4 more

Built from parent and subsidiary links from GLEIF, the Global Legal Entity Identifier Foundation (CC0); subsidiaries listed in Exhibit 21 of annual reports filed with the SEC; major holders from Schedules 13D and 13G. Each entity in the chart links to its source.

What it owns

What Amrep Corporation reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Properties, in its own words

The executive offices of the Company are located in approximately 1,400 square feet of leased space in an office building in Havertown, Pennsylvania. The offices utilized by the Company’s land development business segment and homebuilding business segment are located in approximately 7,000 square feet of space in an office building in Rio Rancho owned by the Company. The Company also leases approximately 2 acres of property in Rio Rancho for use as a storage facility. In addition, real estate inventory and investment properties are described in Item 1 of Part I of this annual report on Form 10-K with certain mortgages associated with such real estate described in Item 7 of Part II of this annual report on Form 10-K. The Company believes its facilities are adequate for its current requirements.

Item 2 of the 10-K filed Jul 24, 2026.18

Leadership

Who has led Amrep Corporation, and when. Pick a name to see everywhere that person has worked.

Chief executive

  1. Rory Burke2014–2018
  2. Christopher Vitale V.2018–now

President

  1. Theodore J. Gaasche2011
  2. Christopher Vitale V.2018–now

Chief financial officer

  1. Peter M. Pizza2013–2014
  2. Clifford Robert Martin2016
  3. Robert E. Wisniewski2016
  4. James Michael McMonagle Jr.2017–2019
  5. Adrienne Uleau2025–now
197019801990200020102020
Board members and other officers (18)

Products and brands

AMREP operates its businesses through two subsidiaries, AMREP Southwest Inc. and Kable Media Services, Inc.

Land development

AMREP Southwest Inc. operates AMREP's land development division. Shortly after its incorporation, the company purchased 55,000 acres (220 km2) of land just north of Albuquerque, New Mexico, dubbing the new town Rio Rancho, New Mexico. It planned to subdivide and resell it to retirees and out-of-state vacationers. Rio Rancho slowly grew to a population of 1,000 by 1970. In 1971, it purchased an additional 35,000 acres (140 km2) adjacent to the original purchase.

Initially, the company used an aggressive sales approach to reselling the land. They would buy potential customers dinner and show a short video entitled "Your Golden Future" displaying a picturesque retirement. However, the brunt of the sales pitch was the property's supposed value as an investment. In reality, the homes were poor investments because of the ample lots AMREP owned. This effectively created an infinite supply that would keep prices low for years.

This sales approach eventually led to lawsuits and in 1977, AMREP refocused its sales efforts to appeal to local residents. Selling lower cost equivalent homes to residents in the Albuquerque area proved a more legal and lucrative proposition. AMREP utilized a new sales method to go along with the change in target demographics. By offering significant financial incentives to companies to locate there, they would create jobs in the area. The increase in jobs would naturally bring in people creating a demand for housing. These incentives include tax reductions, inexpensive real estate, and subsidies.

Read the full text

In 1981, Intel decided to build a $50 million manufacturing plant because of the incentives AMREP offered. This brought in a significant number of jobs and therefore a significant increase in real estate demand. AMREP would use this incentive-laden method to attract more companies into Rio Rancho.

Media services

Kable Media Services, Inc. operates AMREP's media services division. It was acquired in the late 1960s as Kable News Company. The division provides fulfillment services for magazines and publishers. It also provides graphic arts and marketing services. Kable Media Services in the second largest subscription fulfillment services in the country. In 2009, Kable Media Services became known as Palm Coast Data after the two locations merged.

From Wikipedia’s article on Amrep Corporation, shared under CC BY-SA 4.0.8

Subsidiaries and ownership

Subsidiaries (Exhibit 21)

  • AMREP Corporation (Registrant) Oklahoma9
  • AMREP Southwest Inc. New Mexico9
  • AMREPCO Inc. Colorado9
  • American Republic Investment Co. Delaware9
  • Amreston Construction LLC New Mexico9
  • Amreston Homes LLC New Mexico9
  • Arroyos, LLC New Mexico9
  • Butterfly Holdings, LLC New Mexico9
  • Clean Slate Properties, LLC New Mexico9
  • Corner Office, LLC New Mexico9
  • Dealande LLC New Mexico9
  • Enchanted Hills Development Company, LLC New Mexico9
  • Hawksite 27 Development Company, LLC New Mexico9
  • Las Fuentes Village II, LLC New Mexico9
  • Las Fuentes Village III, LLC New Mexico9
  • Lavender Fields, LLC New Mexico9
  • Lomas Encantadas Development Company, LLC New Mexico9
  • Mountain Hawk East Development Company LLC New Mexico9
  • Mountain Hawk West Development Company LLC New Mexico9
  • Oruga LLC New Mexico9
  • Outer Rim Investments, Inc. New Mexico9
  • PCD ARIC Holdco LLC Delaware9
  • Pueblo del Sol, LLC New Mexico9
  • Resurrection Land Company, LLC New Mexico9
All 29 listed subsidiaries
  • Rioscapes LLC New Mexico9
  • Sol Oeste LLC New Mexico9
  • Southwest Mineral Company, LLC New Mexico9
  • Tierra Feliz Development Company LLC New Mexico9
  • Wymont LLC New Mexico9

The subsidiaries the company lists in Exhibit 21 of its annual report, as filed.

Former names

  • AMREP CORPFeb 8, 1994 to Nov 1, 20067

Timeline

  1. Sep 11, 20268-K Results of operations; Executive or director change; Shareholder vote44
  2. Jul 24, 20268-K Results of operations45
  3. Jul 14, 20268-K Executive or director change46
  4. Mar 12, 20268-K Results of operations47
  5. Jan 26, 20268-K Executive or director change; Bylaws or fiscal year changed48
  6. Dec 12, 20258-K Results of operations49
  7. Sep 12, 20258-K Shareholder vote50
  8. Sep 9, 20258-K Results of operations51
  9. Aug 19, 20258-K Entered a material agreement; New debt or obligation52
  10. Jul 25, 20258-K Results of operations53
  11. Jul 21, 20258-K Executive or director change54
  12. Mar 7, 20258-K Results of operations55
  13. Jul 12, 2018New chief executive Christopher Vitale V. becomes CEO19
  14. Mar 7, 2014New chief executive Rory Burke becomes CEO20
  15. 1961Founded Founded1

Calendar

Coming up

  1. Dec 11, 2026Reports results for the quarter ending Oct/202656

When it reported results

  1. Sep 11, 2026Reported quarterly or annual results44
  2. Jul 24, 2026Reported quarterly or annual results45
  3. Mar 12, 2026Reported quarterly or annual results47
  4. Dec 12, 2025Reported quarterly or annual results49
  5. Sep 9, 2025Reported quarterly or annual results51
  6. Jul 25, 2025Reported quarterly or annual results53
  7. Mar 7, 2025Reported quarterly or annual results55
  8. Dec 13, 2024Reported quarterly or annual results57

Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar

Filings

188 filings to the SEC since October 2021: 5 annual reports, 15 quarterly reports, 34 major events, 109 insider forms, 13 large holders, 12 other. The latest 20:

  1. Oct 1, 2026S-8 EDGAR
  2. Sep 11, 20268-K EDGAR
  3. Sep 11, 202610-Q EDGAR
  4. Aug 4, 2026DEF 14A EDGAR
  5. Jul 30, 20264 OWNERSHIP DOCUMENT EDGAR
  6. Jul 29, 2026144 EDGAR
  7. Jul 24, 20268-K EDGAR
  8. Jul 24, 202610-K EDGAR
  9. Jul 14, 20264 OWNERSHIP DOCUMENT EDGAR
  10. Jul 14, 20264 OWNERSHIP DOCUMENT EDGAR
  11. Jul 14, 20268-K EDGAR
  12. Jun 24, 2026SCHEDULE 13D/A EDGAR
  13. Jun 24, 20264 OWNERSHIP DOCUMENT EDGAR
  14. Jun 4, 20264 OWNERSHIP DOCUMENT EDGAR
  15. May 29, 20264 OWNERSHIP DOCUMENT EDGAR
  16. May 22, 20264 OWNERSHIP DOCUMENT EDGAR
  17. May 15, 20264 OWNERSHIP DOCUMENT EDGAR
  18. May 1, 20264 OWNERSHIP DOCUMENT EDGAR
  19. Apr 22, 20264 OWNERSHIP DOCUMENT EDGAR
  20. Apr 20, 20264 OWNERSHIP DOCUMENT EDGAR

The 188 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Insider trades

127 open-market trades by officers, directors and large owners since October 2021: 119 buys and 8 sales. Grants, option exercises and gifts are left out.

DateWhoTradeSharesPriceValueFiling
Jul 30, 2026Uleau AdrienneCFO and VPSale4,000$23.49$94.0KForm 4
Jun 22, 2026DAHL JAMES H10% ownerBuy3,075$25.58$78.7KForm 4
Jun 2, 2026DAHL JAMES H10% ownerBuy1,500$26.62$39.9KForm 4
May 29, 2026DAHL JAMES H10% ownerBuy4,000$26.16$104.6KForm 4
May 20, 2026DAHL JAMES H10% ownerBuy5,000$24.50$122.5KForm 4
May 13, 2026DAHL JAMES H10% ownerBuy1,156$24.72$28.6KForm 4
May 1, 2026DAHL JAMES H10% ownerBuy3,000$27.85$83.5KForm 4
Apr 29, 2026DAHL JAMES H10% ownerBuy5,000$27.74$138.7KForm 4
Apr 21, 2026McNaney Timothy SDirectorBuy1,765$28.17$49.7KForm 4
Apr 20, 2026DAHL JAMES H10% ownerBuy1,519$27.25$41.4KForm 4
Apr 17, 2026DAHL JAMES H10% ownerBuy1,000$27.66$27.7KForm 4
Mar 31, 2026DAHL JAMES H10% ownerBuy2,060$27.92$57.5KForm 4
Mar 26, 2026DAHL JAMES H10% ownerBuy4,000$26.30$105.2KForm 4
Mar 3, 2026DAHL JAMES H10% ownerBuy3,200$25.69$82.2KForm 4
Mar 2, 2026DAHL JAMES H10% ownerBuy3,200$25.69$82.2KForm 4
Feb 27, 2026DAHL JAMES H10% ownerBuy2,000$25.98$52.0KForm 4
Feb 26, 2026DAHL JAMES H10% ownerBuy5,000$25.67$128.4KForm 4
Feb 19, 2026DAHL JAMES H10% ownerBuy1,300$26.36$34.3KForm 4
Feb 18, 2026DAHL JAMES H10% ownerBuy4,000$25.18$100.7KForm 4
Feb 17, 2026DAHL JAMES H10% ownerBuy6,842$24.87$170.2KForm 4

All 127 trades can be filtered by person here when JavaScript is on.

From Forms 4 filed with the SEC.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

Held by these funds

The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026, the top 25 of 38. Change is in shares since the quarter before.

FundSharesValueShare of the fundChange
Robotti Robert521,765$13.2M2.1%No change
Dimensional Fund Advisors LP197,258$5.0M0.0%+3,779
Cerity Partners LLC167,642$4.2M0.0%−1,380
Truffle Hound Capital, LLC160,000$4.0M2.5%No change
Vanguard Capital Management LLC144,042$3.6M0.0%−5,890
Jb Capital Partners LP141,360$3.6M0.6%No change
Cresset Asset Management, LLC129,230$3.3M0.0%No change
Renaissance Technologies LLC115,800$2.9M0.0%−3,400
Bridgeway Capital Management, LLC111,423$2.8M0.0%No change
Oppenheimer & Close, LLC66,950$1.7M1.1%No change
Gate City Capital Management, LLC52,915$1.3M0.3%−32,834
Mink Brook Asset Management LLC50,621$1.3M0.6%No change
Caldwell Sutter Capital, Inc.49,472$1.2M0.5%No change
Empowered Funds, LLC48,565$1.2M0.0%No change
Peapod Lane Capital LLC46,763$1.2M0.8%+701
Geode Capital Management, LLC33,737$851.1K0.0%+1,531
Crossingbridge Advisors, LLC29,060$732.9K0.1%−15,436
AlphaCentric Advisors LLC29,060$732.9K0.6%−15,436
BlackRock, Inc.22,245$561.0K0.0%+2,441
Vanguard Fiduciary Trust Co18,482$466.1K0.0%+123
O'shaughnessy Asset Management, LLC13,146$331.5K0.0%New
State Street Corp12,104$305.3K0.0%No change
Ritholtz Wealth Management11,657$294.0K0.0%New
Steamboat Capital Partners, LLC11,173$281.8K0.1%−142
Marquette Asset Management, LLC6,516$164.3K0.0%New

13F reports cover disclosed long positions in U.S. stocks only.

SEC filer profile

How Amrep Corporation is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGARAMREP CORP.2
  • CIK0000006207
  • Employer ID (EIN)59-093612818
  • Filer statusNon-accelerated filer not an emerging growth company; a smaller reporting company; not a shell company18
  • Incorporated inOklahoma18
  • Fiscal year endsApril 302
  • Industry code (SIC)6552 Land Subdividers & Developers (No Cemeteries)2
  • SEC reviewing officeOffice of Real Estate & Construction, Division of Corporation Finance2
  • Business address850 West Chester Pike, Suite 205, Havertown, PA 190832
  • Phone610-487-09052
  • Shares outstanding5,271,309 as of Sep 12, 203362
  • Public float$82.2M as of Oct 31, 202518
  • AuditorRosenberg Rich Baker Berman, P.A, Somerset, New Jersey PCAOB ID 89; no auditor attestation of internal control over financial reporting18
  • On EDGAR sinceJan 26, 19942
  • Filings855 in all: 4 (252), 8-K (228), 10-Q (98), SC 13D/A (42), 10-K (33), DEF 14A (33), SC 13G/A (28), 3 (18)2
    All 36 form types

    SC 13D (15), SC 13G (14), ARS (12), 8-K/A (11), UPLOAD (9), CORRESP (7), 4/A (6), CT ORDER (6), DEFA14A (6), 10-Q/A (5), S-8 (4), SC TO-I/A (4), 10-K/A (3), 5 (3), 144 (2), EFFECT (2), S-3 (2), SCHEDULE 13D/A (2), 424B4 (1), 5/A (1), NT 10-K (1), NT 10-Q (1), PRE 14A (1), RW (1), S-1 (1), S-1/A (1), S-3/A (1), SC TO-I (1)

  • Latest filingsAnnual report (10-K) Jul 24, 2026
    Quarterly report (10-Q) Sep 11, 2026
    Proxy statement (DEF 14A) Aug 4, 2026
    Latest 8-K (8-K) Sep 11, 2026

Securities registered for trading

ClassSymbolExchange
Common Stock $0.10 par valueAXRNew York Stock Exchange

From the cover page of the 10-K filed Jul 24, 2026 (Section 12(b) of the Exchange Act).18

Risk factors and legal proceedings

Legal proceedings

The Company is involved in various pending or threatened claims and legal actions arising in the ordinary course of business. While the ultimate results of these matters cannot be predicted with certainty, management believes that they will not have a material adverse effect on the Company’s consolidated financial position, liquidity or results of operations.

The opening of Item 3, Legal Proceedings.18

Sources

The numbers on this page point here. Each one links to the record it came from.

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    Company websiteAmrep Corporation logo
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