AMREP Corporation (AXR): A Bull Case Theory [Yahoo! Finance]
AMREP Corporation (AXR)
US:NYSE Investor Relations:
amrepcorp.com/press.asp
Company Research
Source: Yahoo! Finance
Aerial view of a commercial real estate development in progress, showcasing the company's mastery of the sector. AMREP is a land development and homebuilding company that mainly operates in Rio Rancho, New Mexico, Sandoval County, and adjoining areas of New Mexico. The area benefits from nearby tech companies like Intel and HP, which are major employers. The company's land sales make up about 65% of its revenue, though recent sales of developed land have slowed compared to previous years. Despite rising interest rates and fewer sales Rio Rancho's housing market has stayed healthy. AMREP owns around 17,000 acres of land in New Mexico, most of which is undeveloped. The company has been selling this land over time, but valuing it is difficult due to the uncertainty of how attractive the land will be to buyers. Prices for the land have varied widely in the past, from as low as $2,600 per acre to as high as $38,000 per acre. AMREP Corp (AXR) looks interesting because it owns a lot o
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Sec Filings
- 12/23/24 - Form 4
- 12/20/24 - Form 4
- 12/13/24 - Form 8-K
- AXR's page on the SEC website