AXR Stock Recent News

Amrep Corp (AXR, Financial), a player in the real estate sector, witnessed a significant stock movement with a 5.23% rise in share price. The stock reached $29.99 per share with a trading volume of 14,994 shares and a turnover rate of 0.28%.

AMREP offers an enormous amount of value at a very cheap price, while concurrently having better safety nets than most other businesses, real estate, or otherwise. The company has demonstrated consistent revenue growth and profitability, making it a compelling investment opportunity. AMREP's owns over 16,000 acres of property just outside of Albuquerque, New Mexico.

AMREP's overall top line benefits from growth in all the revenue sources.

HAVERTOWN, Pa., Sept. 13, 2024 (GLOBE NEWSWIRE) -- AMREP Corporation (NYSE:AXR) today reported net income of $4,064,000, or $0.76 per diluted share, for its 2025 fiscal first quarter ended July 31, 2024 compared to net income of $1,346,000, or $0.25 per diluted share, for the same period of the prior year. Revenues were $19,091,000 for the first quarter of 2025 and $10,289,000 for the first quarter of 2024.

Discover why Zacks rates AMREP as "Neutral", being the first on Wall Street to initiate coverage on the stock. Explore AXR's strategic positioning and financial health amid market challenges.

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

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 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.

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AMR is a land developer and homebuilder in Rio Rancho. The company has massive assets in the city, which have been the topic of debate among deep value investors.