AMREP Corporation (AXR) 10-Year Financial Performance & Capital Metrics

AXR • • REIT / Real Estate

Real EstateReal Estate DevelopmentResidential Land DevelopmentResidential Lot Developers

AboutAMREP Corporation, through its subsidiaries, primarily engages in the real estate business. The company operates through two segments, Land Development and Homebuilding. The company sells developed and undeveloped lots to homebuilders, commercial and industrial property developers, and others. As of July 1, 2022, it owned approximately 17,000 acres in Sandoval County, New Mexico. The company owns an approximately 160-acre property in Brighton, Colorado. It also owns mineral interests covering an area of approximately 55,000 surface acres of land in Sandoval County, New Mexico; and owns oil, gas, and minerals and mineral interests covering an area of approximately 147 surface acres of land in Brighton, Colorado. Additionally, the company focuses on selling single-family detached homes and attached homes. AMREP Corporation was founded in 1961 and is headquartered in Havertown, Pennsylvania.Show more

Revenue $50M -3.3%
FFO $13M +88.6%
FFO/Share 2.40 +87.8%
FFO Payout 0%
FFO per Share 2.40 +87.8%
NOI Margin 66.17% +134.9%
FFO Margin 25.95% +94.9%
ROE 10.25% +60.3%
ROA 9.91% +76.8%
Debt/Assets 0.05% +78.2%
Net Debt/EBITDA -3.24 +15.2%
Book Value/Share 24.21 +9.6%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Company is almost debt free
✓High NOI margin of 66.2%
✓Trading at only 0.9x book value

✗Weaknesses

✗FFO declining 14.1% TTM
✗Trading more than 30% below 52-week high

Price & Volume

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Growth Metrics

Revenue CAGR

10Y-0.02%

5Y21.48%

3Y-7.35%

TTM-27.33%

Profit (Net Income) CAGR

10Y1.17%

5Y-

3Y-7.1%

TTM-14.91%

EPS CAGR

10Y5.18%

5Y-

3Y2.36%

TTM-15.48%

ROCE

10Y Avg5.16%

5Y Avg11.2%

3Y Avg7.44%

Latest9.76%

Peer Comparison

Residential Lot Developers

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
AXRAMREP Corporation	113.53M	21.40	9.03	-3.26%	22.86%	7.72%	8.51%	0.00
FORForestar Group Inc.	1.42B	27.91	8.48	10.14%	10.54%	9.68%		0.50

Profit & Loss

	Apr 2016	Apr 2017	Apr 2018	Apr 2019	Apr 2020	Apr 2021	Apr 2022	Apr 2023	Apr 2024	Apr 2025
Revenue+	41.66M	42.37M	40.18M	12.83M	18.78M	40.07M	62.48M	48.68M	51.37M	49.69M
Revenue Growth %	-0.16%	0.02%	-0.05%	-0.68%	0.46%	1.13%	0.56%	-0.22%	0.06%	-0.03%
Property Operating Expenses	4.9M	7.71M	6.06M	10.78M	13.79M	25.6M	35.82M	29.78M	36.9M	16.81M
Net Operating Income (NOI)+	-	-	-	-	-	-	-	-	-	-
NOI Margin %	-	-	-	-	-	-	-	-	-	-
Operating Expenses+	40.43M	33.19M	30.6M	5.2M	7.91M	5.42M	5.35M	13.07M	6.87M	20.77M
G&A Expenses	7.14M	5.12M	4.94M	4.21M	5.93M	5.42M	5.35M	13.07M	6.87M	7.28M
EBITDA+	-691K	42.37M	15.28M	12.83M	18.78M	40.07M	58.93M	41.08M	7.75M	12.29M
EBITDA Margin %	-	-	-	-	-	-	-	-	-	-
Depreciation & Amortization+	2.98M	40.9M	11.77M	15.98M	21.7M	31.02M	37.62M	35.25M	149K	179K
D&A / Revenue %	-	-	-	-	-	-	-	-	-	-
Operating Income+	-3.67M	1.47M	3.51M	-3.15M	-2.91M	9.05M	21.3M	5.83M	7.6M	12.11M
Operating Margin %	-	-	-	-	-	-	-	-	-	-
Interest Expense+	1.36M	333K	5K	25K	0	40K	0	0	0	0
Interest Coverage	-2.70x	4.40x	702.60x	-125.92x	-	226.18x	-	-	-	-
Non-Operating Income	10.41M	150K	0	-77K	0	0	0	0	0	0
Pretax Income+	-15.44M	982K	3.46M	-3.17M	-7.63M	10.04M	21.57M	7.64M	8.43M	13.72M
Pretax Margin %	-	-	-	-	-	-	-	-	-	-
Income Tax+	-5.21M	997K	3.22M	-708K	-1.72M	2.64M	5.7M	-14.15M	1.74M	1.01M
Effective Tax Rate %	-	-	-	-	-	-	-	-	-	-
Net Income+	-10.22M	-15K	238K	1.53M	-5.9M	7.39M	15.86M	21.79M	6.69M	12.72M
Net Margin %	-	-	-	-	-	-	-	-	-	-
Net Income Growth %	-1.9%	1%	16.87%	5.42%	-4.87%	2.25%	1.15%	0.37%	-0.69%	0.9%
Funds From Operations (FFO)+	-	-	-	-	-	-	-	-	-	-
FFO Margin %	-	-	-	-	-	-	-	-	-	-
FFO Growth %	-1.5%	6.64%	-0.71%	0.46%	-0.1%	1.43%	0.39%	0.07%	-0.88%	0.89%
FFO per Share+	-	-	-	-	-	-	-	-	-	-
FFO Payout Ratio %	-	-	-	-	-	-	-	-	-	-
EPS (Diluted)+	-1.27	-0.00	0.03	0.19	-0.73	0.95	2.21	4.11	1.25	2.37
EPS Growth %	-1.89%	1%	-	5.46%	-4.84%	2.3%	1.33%	0.86%	-0.7%	0.9%
EPS (Basic)	-1.27	-0.00	0.03	0.19	-0.73	0.95	2.21	4.13	1.26	2.39
Diluted Shares Outstanding	8.06M	8.08M	8.1M	8.1M	8.13M	7.77M	7.19M	5.31M	5.35M	5.37M

Balance Sheet

	Apr 2016	Apr 2017	Apr 2018	Apr 2019	Apr 2020	Apr 2021	Apr 2022	Apr 2023	Apr 2024	Apr 2025
Total Assets+	120.63M	106.68M	105.86M	100.53M	96.67M	97.37M	94.92M	115.89M	122.83M	133.78M
Asset Growth %	-0.13%	-0.12%	-0.01%	-0.05%	-0.04%	0.01%	-0.03%	0.22%	0.06%	0.09%
Real Estate & Other Assets+	12.92M	266K	247K	5.64M	18.54M	13.75M	9.1M	14.11M	1.75M	26.32M
PP&E (Net)	12M	10.85M	9.74M	-4.54M	109K	112K	1.39M	1.35M	1.81M	0
Investment Securities	609K	1000K	1000K	1000K	-1000K	-1000K	-958K	-1000K	-1000K	0
Total Current Assets+	83.54M	75.77M	80.59M	73.13M	71.94M	80.75M	83.48M	87.94M	97.19M	107.46M
Cash & Equivalents	14.56M	11.81M	14.04M	13.27M	17.5M	24.8M	15.72M	19.99M	29.69M	39.92M
Receivables	1000K	1000K	1000K	283K	213K	37K	0	41K	27K	317K
Other Current Assets	-2.36M	0	14.45M	969K	0	0	0	-747K	547K	0
Intangible Assets	275K	-14.39M	-629K	0	0	0	0	0	0	0
Total Liabilities	37.78M	21.84M	19.26M	10.68M	12.03M	8.48M	11.76M	4.89M	4.78M	6.3M
Total Debt+	12.94M	266K	1.84M	1.32M	3.89M	3.45M	2.03M	44K	35K	68K
Net Debt	-1.62M	-11.54M	-12.2M	-11.95M	-13.61M	-21.35M	-13.69M	-19.95M	-29.66M	-39.85M
Long-Term Debt	12.38M	0	1.84M	1.32M	3.89M	2.22M	2.03M	44K	27K	26K
Short-Term Borrowings	555K	0	0	0	0	0	0	0	0	8K
Capital Lease Obligations	0	0	0	0	113K	86K	117K	95K	69K	0
Total Current Liabilities+	5.06M	4.32M	8.21M	2.96M	3.13M	4.55M	9.72M	4.85M	4.68M	3.79M
Accounts Payable	837K	6.78M	2.42M	2.36M	1.15M	1.38M	3.03M	1.87M	2.09M	1.3M
Deferred Revenue	0	0	-20.94M	-12M	1.12M	1.77M	1.36M	1.32M	1.24M	0
Other Liabilities	16.39M	17.52M	9.19M	6.4M	5.13M	18K	117K	95K	77K	0
Total Equity+	81.22M	73.02M	77.6M	76.93M	71.03M	67.54M	69.47M	91.05M	118.05M	129.96M
Equity Growth %	-0.13%	-0.1%	0.06%	-0.01%	-0.08%	-0.05%	0.03%	0.31%	0.3%	0.1%
Shareholders Equity	82.84M	84.83M	86.61M	89.85M	84.64M	88.89M	83.16M	111M	118.05M	129.96M
Minority Interest	-1.62M	-11.81M	-9.01M	-12.92M	-13.61M	-21.35M	-13.69M	-19.95M	0	0
Common Stock	828K	830K	832K	835K	836K	730K	524K	526K	526K	528K
Additional Paid-in Capital	50.55M	50.69M	50.92M	51.2M	51.33M	45.07M	32.38M	32.69M	32.99M	33.41M
Retained Earnings	46.78M	46.76M	47M	49.05M	43.15M	47.71M	54.83M	76.62M	83.31M	96.02M
Preferred Stock	46.78M	46.76M	47.52M	49.05M	0	0	0	0	0	0
Return on Assets (ROA)	-0.08%	-0%	0%	0.01%	-0.06%	0.08%	0.16%	0.21%	0.06%	0.1%
Return on Equity (ROE)	-0.12%	-0%	0%	0.02%	-0.08%	0.11%	0.23%	0.27%	0.06%	0.1%
Debt / Assets	0.11%	0%	0.02%	0.01%	0.04%	0.04%	0.02%	0%	0%	0%
Debt / Equity	0.16x	0.00x	0.02x	0.02x	0.05x	0.05x	0.03x	0.00x	0.00x	0.00x
Net Debt / EBITDA	-	-0.27x	-0.80x	-0.93x	-0.72x	-0.53x	-0.23x	-0.49x	-3.83x	-3.24x
Book Value per Share	10.08	9.04	9.58	9.50	8.73	8.69	9.66	17.16	22.08	24.21

Cash Flow

	Apr 2016	Apr 2017	Apr 2018	Apr 2019	Apr 2020	Apr 2021	Apr 2022	Apr 2023	Apr 2024	Apr 2025
Cash from Operations+	3.47M	10.44M	531K	592K	765K	12.61M	15.48M	6.39M	10.71M	10.24M
Operating CF Growth %	-0.65%	2.01%	-0.95%	0.11%	0.29%	15.48%	0.23%	-0.59%	0.68%	-0.04%
Operating CF / Revenue %	-	-	-	-	-	-	-	-	-	-
Net Income	-10.22M	-15K	238K	-2.46M	-5.9M	7.39M	15.86M	21.79M	6.69M	12.72M
Depreciation & Amortization	2.98M	1.4M	1.25M	606K	537K	554K	225K	63K	149K	179K
Stock-Based Compensation	68K	117K	187K	231K	113K	132K	217K	238K	377K	423K
Other Non-Cash Items	15.78M	-502K	-912K	3.3M	8.73M	-277K	-451K	7.31M	747K	0
Working Capital Changes	152K	8.82M	-4.12M	-783K	-912K	2.31M	-2.14M	-9.25M	1.3M	-3.92M
Cash from Investing+	2.8M	-249K	-139K	152K	-9K	-5K	-1.2M	-131K	-457K	-553K
Acquisitions (Net)	0	0	0	0	0	0	0	0	0	30K
Purchase of Investments	0	0	0	0	0	0	0	0	0	0
Sale of Investments	0	0	0	0	0	0	0	0	0	0
Other Investing	3.6M	-249K	-87K	160K	0	0	92K	-131K	0	0
Cash from Financing+	-3.76M	-12.94M	1.84M	-549K	2.51M	-5.3M	-23.36M	-1.99M	-9K	-9K
Dividends Paid	0	0	0	0	0	0	0	0	0	0
Common Dividends	0	0	0	0	0	0	0	0	0	0
Debt Issuance (Net)	-1000K	-1000K	1000K	-503K	1000K	-189K	-1000K	-1000K	-9K	-9K
Share Repurchases	0	0	0	0	0	-5.12M	-21.9M	0	0	0
Other Financing	1.39M	0	-49K	-46K	-95K	0	0	0	0	0
Net Change in Cash+	2.51M	-2.75M	2.23M	195K	3.27M	7.3M	-9.08M	4.27M	10.25M	9.68M
Exchange Rate Effect	0	0	0	0	0	0	0	0	0	0
Cash at Beginning	12.05M	14.56M	11.81M	14.04M	14.24M	17.5M	24.8M	15.72M	19.99M	30.24M
Cash at End	14.56M	11.81M	14.04M	14.24M	17.5M	24.8M	15.72M	19.99M	30.24M	39.92M
Free Cash Flow+	2.67M	10.19M	392K	584K	756K	12.6M	14.19M	6.26M	10.26M	9.66M
FCF Growth %	-0.7%	2.82%	-0.96%	0.49%	0.29%	15.67%	0.13%	-0.56%	0.64%	-0.06%
FCF / Revenue %	-	-	-	-	-	-	-	-	-	-

Key Ratios

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
FFO per Share	-0.9	5.06	1.48	2.16	1.94	4.94	7.44	10.75	1.28	2.4
FFO Payout Ratio	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%
NOI Margin	88.24%	81.79%	84.91%	16.02%	26.61%	36.11%	42.67%	38.83%	28.17%	66.17%
Net Debt / EBITDA	-	-0.27x	-0.80x	-0.93x	-0.72x	-0.53x	-0.23x	-0.49x	-3.83x	-3.24x
Debt / Assets	10.73%	0.25%	1.74%	1.31%	4.02%	3.54%	2.14%	0.04%	0.03%	0.05%
Interest Coverage	-2.70x	4.40x	702.60x	-125.92x	-	226.18x	-	-	-	-
Book Value / Share	10.08	9.04	9.58	9.5	8.73	8.69	9.66	17.16	22.08	24.21
Revenue Growth	-16.32%	1.69%	-5.17%	-68.06%	46.39%	113.33%	55.93%	-22.09%	5.53%	-3.26%

Revenue by Segment

	2014	2015	2016	2017	2019	2020	2021	2022	2023	2024
Land sale	-	-	-	-	-	-	-	30.66M	26.82M	25.65M
Land sale Growth	-	-	-	-	-	-	-	-	-12.51%	-4.39%
Other	-	-	-	-	-	-	-	-	7.36M	2.8M
Other Growth	-	-	-	-	-	-	-	-	-	-61.97%
Land sale revenues	-	-	-	-	-	-	38.56M	-	-	-
Land sale revenues Growth	-	-	-	-	-	-	-	-	-	-
Home sale revenues	-	-	-	-	-	-	13.56M	-	-	-
Home sale revenues Growth	-	-	-	-	-	-	-	-	-	-
Building sales and other revenues	-	-	-	-	-	-	10.35M	-	-	-
Building sales and other revenues Growth	-	-	-	-	-	-	-	-	-	-
Land Sale	-	-	-	-	-	25.18M	-	-	-	-
Land Sale Growth	-	-	-	-	-	-	-	-	-	-
Building Sales And Other Revenues	-	-	-	-	-	11.1M	-	-	-	-
Building Sales And Other Revenues Growth	-	-	-	-	-	-	-	-	-	-
Home Sales	-	-	-	-	-	3.08M	-	-	-	-
Home Sales Growth	-	-	-	-	-	-	-	-	-	-
Rental Revenues	-	-	-	-	-	716K	-	-	-	-
Rental Revenues Growth	-	-	-	-	-	-	-	-	-	-
Real Estate	-	-	-	-	15.98M	-	-	-	-	-
Real Estate Growth	-	-	-	-	-	-	-	-	-	-
Service Other	-	-	-	-	1.35M	-	-	-	-	-
Service Other Growth	-	-	-	-	-	-	-	-	-	-
Rental Income	-	-	-	-	796K	-	-	-	-	-
Rental Income Growth	-	-	-	-	-	-	-	-	-	-
Corporate Land Sales	-	-	-	-	665K	-	-	-	-	-
Corporate Land Sales Growth	-	-	-	-	-	-	-	-	-	-
Fulfillment Services	-	34.76M	31.03M	31.25M	-	-	-	-	-	-
Fulfillment Services Growth	-	-	-10.72%	0.71%	-	-	-	-	-	-
Real Estate Operations	6.37M	5.96M	11.26M	8.8M	-	-	-	-	-	-
Real Estate Operations Growth	-	-6.46%	89.03%	-21.81%	-	-	-	-	-	-
Corporate and Other	-260K	952K	81K	125K	-	-	-	-	-	-
Corporate and Other Growth	-	466.15%	-91.49%	54.32%	-	-	-	-	-	-

Revenue by Geography

	2014	2015	2016	2017	2019	2020	2021	2022	2023	2024
N	-	-	-	-	-	3.31M	-	-	-	-
N Growth	-	-	-	-	-	-	-	-	-	-

Frequently Asked Questions

Valuation & Price

AMREP Corporation (AXR) has a price-to-earnings (P/E) ratio of 9.0x. This may indicate the stock is undervalued or faces growth challenges.

Growth & Financials

AMREP Corporation (AXR) reported $45.9M in revenue for fiscal year 2024. This represents a 46% decrease from $85.3M in 2011.

AMREP Corporation (AXR) saw revenue decline by 3.3% over the past year.

Yes, AMREP Corporation (AXR) is profitable, generating $10.5M in net income for fiscal year 2024 (25.6% net margin).

Dividend & Returns

AMREP Corporation (AXR) has a return on equity (ROE) of 10.3%. This is reasonable for most industries.

Industry Metrics

AMREP Corporation (AXR) generated Funds From Operations (FFO) of $10.7M in the trailing twelve months. FFO is the primary profitability metric for REITs.

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