AMREP Corporation (AXR)

Over the past six months, AMREP Corp.'s stock price has declined. The share price was $19.00 on December 24, 2025, down from $30.83 on December 26, 2024. Key events impacting the stock include the Q2 Fiscal 2026 Earnings Report, which reported a significant decline in net income and revenues due to reduced land sale revenues and operational challenges. Earlier reports indicated a decrease in net income and revenue for the first six months of fiscal 2026. AMREP shares crossed below its 200-day moving average on January 14, 2026. Analyst ratings include a reissued "hold" rating from Weiss Ratings and an upgrade from "hold" to "buy" by Wall Street Zen.

Demand for AMREP Corp.'s products and services is subject to variability rather than strict seasonality. The company's financial results are highly variable due to the timing and size of land sales. Macroeconomic factors significantly influence demand, with high interest rates, inflation, and housing affordability issues impacting home sales. Management has adjusted operating strategy with sales incentives, price reductions, slower housing starts, and leasing completed homes to mitigate demand softness.

AMREP Corporation is a real estate company focused on land development and homebuilding in the United States. The company's services include land and site planning, obtaining approvals, installing utilities, and building roads. They acquire and sell developed and undeveloped lots and construct single-family detached and attached homes. Additionally, the company holds mineral rights under approximately 55,000 acres of land in New Mexico.

AMREP Corporation's primary geographic focus is New Mexico, particularly in Sandoval County and the Rio Rancho area. The company also owns tracts of land in Colorado, including a property planned for about 410 homes.

AMREP's brand is considered strong locally in Rio Rancho, New Mexico, but lacks national recognition. The company is recognized as an "award-winning homebuilder in New Mexico."

AMREP Corporation has significant institutional ownership, with 79 institutional owners and shareholders holding a total of 2,611,050 shares. Major institutional owners include Robotti Robert, Dimensional Fund Advisors Lp, and Vanguard Group Inc. Institutional ownership stands at 46.07% or 59.85% of the stock, while insiders own 37.20% or 45.02% of the shares.