AMREP Corporation
AMREP Corporation (NYSE: AXR) is a publicly traded landholder, real estate developer, and homebuilder operating exclusively in the Rio Rancho, New Mexico market through subsidiary AMREP Southwest Inc., generating revenue from land sales and home construction on a portfolio acquired in the 1960s-1970s.
- Company typePublic
- Founded1961
- HeadquartersPrinceton, United States
- Headcount11–50
- GTM typeB2C
- OfferingServices
What AMREP Corporation does
AMREP Corporation is a publicly traded real estate company (NYSE: AXR) that operates as a major landholder, real estate developer, and homebuilder concentrated in the Rio Rancho, New Mexico market. Through its wholly owned subsidiary AMREP Southwest Inc., the company holds a substantial land portfolio in Sandoval County, New Mexico, that was originally acquired in the 1960s and early 1970s at low historical cost basis. The company generates revenue through two principal streams: the sale of land parcels to developers and individual buyers, and the construction and sale of built homes through its award-winning homebuilding operations. Both revenue streams are transactional and can vary materially from quarter to quarter depending on transaction timing and property mix.
The company's business model is a direct, sales-led model targeting mid-market residential buyers and developers within a single regional geography. Pricing is negotiated on an individual transaction basis and is not publicly disclosed. AMREP has no proprietary technology platform, no app, and no disclosed digital distribution channels; its go-to-market is purely direct sales of physical real estate assets. The company maintains investor relations through its corporate website and SEC filings (Forms 10-K and 10-Q) and operates corporate offices in Havertown and Plymouth Meeting, Pennsylvania, while its operating activities are entirely in New Mexico.
AMREP was organized in 1961 and listed on the NYSE in 1972. Between 2014 and 2019, the company completed a comprehensive restructuring under which it divested three legacy businesses (magazine distribution, product packaging and fulfillment, and staffing) and in April 2019 sold its Palm Coast Data fulfillment services business for $1.0 million. It emerged from restructuring with no financing debt and a simplified single-segment focus on New Mexico real estate. The company is currently led by President and CEO Adrienne M. Uleau, with James M. McMonagle as CFO and Edward B. Cloues, II as Chairman. Insider ownership stands at approximately 37.20% and institutional ownership at 59.85%, with market capitalization of $142.62 million as of April 2026.
AMREP Corporation firmographics
Firmographics- Name
- AMREP Corporation
- Legal name
- AMREP Corporation
- Website
- https://amrepcorp.com
- Company type
- Public
- Founded year
- 1961
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- AMREP Corporation (NYSE: AXR) is a publicly traded landholder, real estate developer, and homebuilder operating exclusively in the Rio Rancho, New Mexico market through subsidiary AMREP Southwest Inc., generating revenue from land sales and home construction on a portfolio acquired in the 1960s-1970s.
- Ownership category
- akta.pro rank
AMREP Corporation industry classification
Industry- Product category
- Residential Real Estate Development
- SIC
- Land Subdividers & Developers (No Cemeteries) (6552), General Bldg Contractors - Residential Bldgs (1520)
- akta.pro primary industry
- Residential Land Development & Subdivision Homebuilding (Build-to-Sell Communities) (IMAFABAL)
Keywords
Where AMREP Corporation is headquartered
LocationHeadquarters
- HQ city
- Princeton
- HQ country
- United States
- HQ region
- North America
Offices2 records
Markets served
AMREP Corporation business model
Business model- GTM type
- B2C
- Offering type
- Services
- Cost components
- Operations, Infrastructure, Personnel, Marketing or Sales
Revenue model
- Land Sales: Sale of land to developers and individual buyers. Revenue from land sales can vary significantly from period to period due to transaction timing and property type.
- Home Sales: Sale of built homes to individual buyers through the company's homebuilding operations. Revenue from home sales can vary based on transaction timing and property type.
Go-to-market motion1 record
Distribution channels1 record
Marketing channels1 record
AMREP Corporation product offering
Product offeringCore offering
AMREP Corporation, through its subsidiary AMREP Southwest Inc., is a major holder of land, a leading developer of real estate, and an award-winning homebuilder primarily in the Rio Rancho and Sandoval County market in New Mexico. The company holds significant land assets acquired in the 1960s and early 1970s, develops land, and builds and sells homes through an integrated land development and homebuilding model.
Product overview
AMREP Corporation operates as a land holder, real estate developer, and award-winning homebuilder in New Mexico through its AMREP Southwest Inc. subsidiary. The company was organized in 1961 and has been listed on NYSE (AXR) since 1972. AMREP previously operated a Fulfillment Services business (Palm Coast Data) which was sold in April 2019, completing its exit from the media services business. The company now focuses exclusively on its real estate operations, holding significant land assets in Sandoval County, New Mexico acquired in the 1960s and early 1970s, developing land and building homes in the Rio Rancho market.
Differentiator
Problem solved
Functional benefit
Products and services
- Real Estate Development and Land Holding AMREP Southwest Inc. subsidiary operates as a major landholder and real estate developer in New Mexico, primarily in the Rio Rancho area, holding land acquired in the 1960s and early 1970s and developing it for residential use.
- Homebuilding Award-winning homebuilding operations through subsidiaries in New Mexico, building homes as part of an integrated land development and homebuilding model for individual buyers.
- Land Sales Sale of developed and undeveloped land parcels to developers and individual buyers in the Rio Rancho, New Mexico market.
- Home Sales Sale of newly built homes to individual buyers through the company's homebuilding operations in New Mexico.
Quantifiable outcome
- Revenue increased from $49.7 million to $52.8 million year-over-year in fiscal 2026
- +2 more outcomes
Companies that use AMREP Corporation
Customer profileSegments1 record
Ideal customer profiles1 record
AMREP Corporation technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
AMREP Corporation partnerships and signals
Strategic signalScale indicators10 records
Recent moves8 records
Expansion highlights2 records
AMREP Corporation competitors and assessment
Company assessmentDirect peers
- The St. Joe Company: St. Joe is a publicly traded land and real estate company that owns and develops a large, long-held land portfolio in Florida, mirroring AMREP's strategy of holding historically acquired New Mexico land and developing it through homebuilders.
- Five Point Holdings: Five Point Holdings is a publicly traded master-planned community developer, directly comparable to AMREP's land-development-and-homebuilding model. Both companies derive value from long-held land banks and monetize through residential community development, and AMREP's own stock-performance disclosures benchmark against FPH.
Broad incumbents
- Century Communities: Century Communities is a publicly traded national homebuilder offering entry-level to first-move-up homes across multiple Sun Belt and Mountain West markets, including New Mexico, putting it in direct competition with AMREP's homebuilding operations in the same region.
- Tri Pointe Homes: Tri Pointe Homes is a publicly traded national homebuilder with multiple regional brands, comparable to AMREP on the homebuilding side of the business even though AMREP also owns its own land.
- M/I Homes: M/I Homes is a publicly traded national homebuilder operating across multiple U.S. regions, comparable to AMREP's homebuilding segment in customer profile and product mix even though M/I is much larger and does not hold land like AMREP.
- LGI Homes: LGI Homes is a publicly traded national homebuilder focused on entry-level and first-time move-up buyers. While AMREP operates a much smaller, land-integrated model, both companies are in the for-sale residential builder category serving similar end buyers.
- D.R. Horton: D.R. Horton is the largest U.S. homebuilder and a broad incumbent across the for-sale residential market. It competes with AMREP's homebuilding operations at scale and serves similar first-time and move-up buyer segments nationally, providing a useful public-market benchmark.
Emerging players
- Landsea Homes: Landsea Homes is a publicly traded homebuilder with significant Arizona and other Sun Belt operations, including adjacent geographies to AMREP's New Mexico footprint. Its product mix and target buyer overlap make it a relevant emerging-player comparable.
- Comstock Holding Companies: Comstock is a small, publicly traded homebuilder and land developer focused on the Washington D.C. metro. While geographically distinct, its integrated land-banking, small-cap profile, and equity story overlap meaningfully with AMREP's structure.
- Dream Finders Homes: Dream Finders Homes is a publicly traded, high-growth homebuilder with a flexible asset-light land strategy, comparable to AMREP on the homebuilding side. It serves similar first-time and move-up buyer segments, although at much greater national scale.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat3 records
Key risks5 records
Key highlights7 records
Customer concentration
AMREP Corporation social profiles
Digital presenceAMREP Corporation financial estimates
Financial estimateRevenue estimate
Valuation estimate
AMREP Corporation leadership team
Management profileNumber of profiles
Profiles7 records
AMREP Corporation subsidiaries and ownership
Company hierarchySubsidiaries1 record
AMREP Corporation funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
AMREP Corporation M&A and investment
M&A and investmentM&A2 records
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about AMREP Corporation
What does AMREP Corporation do?
AMREP Corporation, through its subsidiary AMREP Southwest Inc., is a major holder of land, a leading developer of real estate, and an award-winning homebuilder primarily in the Rio Rancho and Sandoval County market in New Mexico. The company holds significant land assets acquired in the 1960s and early 1970s, develops land, and builds and sells homes through an integrated land development and homebuilding model.
Is AMREP Corporation a public or private company?
AMREP Corporation is a public company. It is classified as public and is currently operating.
When was AMREP Corporation founded?
AMREP Corporation was founded in 1961. It employs 11 to 50 people.
Where is AMREP Corporation based?
AMREP Corporation is headquartered in Princeton, United States, in the North America region.
How does AMREP Corporation make money?
Two revenue lines are on record. Land Sales are the primary driver. The others are home Sales.
Who are AMREP Corporation's main competitors?
Direct peers on record are The St. Joe Company and Five Point Holdings. Broad incumbents are Century Communities, Tri Pointe Homes, M/I Homes, LGI Homes and D.R. Horton. Emerging players are Landsea Homes, Comstock Holding Companies and Dream Finders Homes.
Does AMREP Corporation have an API?
No public API is recorded for AMREP Corporation.
What industry is AMREP Corporation in?
AMREP Corporation's product category is Residential Real Estate Development. Its primary akta.pro industry code is IMAFABAL, Residential Land Development & Subdivision Homebuilding (Build-to-Sell Communities). Its SIC code is 6552.