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NYSE · Real Estate

Amrep Corp. (AXR)

As-reported financials and SEC filings for Amrep Corp. The latest annual period is FY2026. The latest reported quarter is Q1 FY2027. Financial statements come straight from the company’s EDGAR filings; valuation figures such as P/E and market cap use market data.

About Amrep Corp.

AMREP Corp. operates in land development and homebuilding. The company develops land and builds homes primarily for residential customers. It serves markets in the United States.

Snapshot

Revenue
$52.8M
Revenue growth (YoY)
6.3%
Net income
$10.3M
Diluted EPS
$1.91
Gross margin
—
Operating margin
23.4%
Net margin
19.5%
FCF margin
24.2%
ROE
7.3%
net income / fiscal-year-end equity
P/E
18.9×
trailing when available, otherwise FY EPS
Market cap
$108.9M
Long-term debt / equity
0.00×
non-current term debt only

Fundamentals are from SEC filings for FY2026, the latest annual period (ended April 30, 2026). P/E and market cap are derived from stored market prices, last retrieved on a rolling basis and typically within the past week.

What changed at Amrep

  • Revenue grew 6.3% to $53M in FY2026, after a 3.3% decline the year before.
  • Operating margin is 23.4% in FY2026, -12.7 pp against 36.2% in FY2022.
  • Most recent quarter Q1 FY2027: revenue $6M, down 66.1% from Q1 FY2026.
  • Free cash flow was $13M in FY2026, 24.2% of revenue.
  • Net income fell 19.1% to $10M in FY2026.

Computed from the as-reported figures in the statements below. A change we cannot state from filed figures is left out rather than estimated.

Peer comparison

Where Amrep’s fundamentals sit among the 227 Real Estate companies. Each figure is ranked only against peers that report it, from lowest (left) to highest (right).

Operating margin23.4%
62nd percentile of 123
Net margin19.5%
67th percentile of 212
FCF margin24.2%
79th percentile of 57
Revenue growth (YoY)+6.3%
62nd percentile of 222
ROE7.3%
72nd percentile of 196
P/E18.9×
30th percentile of 133
Long-term debt / equity0.00×
2nd percentile of 129
Short interest1.82d
17th percentile of 215

Amrep’s long-term debt to equity of 0.00 ranks in the 2nd percentile of the 129 Real Estate companies reporting it.

No reported insider purchases (code P) in the last 90 days; 1 insider sale totaling $93,960. For context, about 15% of companies in the universe saw any reported insider purchase (code P) in the same window. Browse insider activity →

Percentiles describe where a figure sits among sector peers reporting it (100th = highest). They are position within a peer group, not a rating, and not investment advice. Short interest ranking uses days to cover from FINRA Consolidated Short Interest data; FINRA is the owner and source of that data, included at no additional charge.

Institutional ownership

Held by 1 quant / multi-strat book among the superinvestors we track; no conviction manager currently reports a position.

Conviction investors
0
+1 quant / multi-strat
Initiated / added
0
0 new, 0 added
Reduced / exited
2
1 trimmed, 1 exited
Combined position
$2.9M
reported long value
InvestorAs ofPosition valueSharesChange
Renaissance TechnologiesquantQ2 2026$2.9M115.8KReduced

No longer held by: Millennium Management (as of Q2 2026)

From quarterly Form 13F filings, which can be up to 45 days delayed. Long US-listed positions only: excludes short positions, options, cash, bonds, and non-US holdings, so this is not a manager’s complete portfolio. Counts are of the investors we track, not all institutions. Not investment advice.

Recent insider activity

Non-derivative buys and sells (codes P/S) reported by officers, directors and 10% owners on SEC Form 4.

Buys (90d)
0
code P
Bought (90d)
—
code P value
Sells (90d)
1
$94K
Reported activity
Net selling
by $ value, 90d
Trade dateInsiderTypeSharesPriceValue
2026-07-30
Adrienne UleauCFO and VPSell4.0K$23.49$94K
2026-06-22
filed 2026-06-24
James H. Dahl10% ownerBuy3.1K$25.58$79K
2026-06-02
filed 2026-06-04
James H. Dahl10% ownerBuy1.5K$26.62$40K
2026-05-29
James H. Dahl10% ownerBuy3.0K$25.67$77K
2026-05-29
James H. Dahl10% ownerBuy1.0K$27.63$28K
2026-05-20
filed 2026-05-22
James H. Dahl10% ownerBuy5.0K$24.50$122K
2026-05-13
filed 2026-05-15
James H. Dahl10% ownerBuy1.2K$24.72$29K
2026-05-01
James H. Dahl10% ownerBuy3.0K$27.85$84K
2026-04-29
filed 2026-05-01
James H. Dahl10% ownerBuy5.0K$27.74$139K
2026-04-21
filed 2026-04-22
Timothy S. McNaneyDirectorBuy1.8K$28.17$50K
2026-04-20
James H. Dahl10% ownerBuy1.5K$27.25$41K
2026-04-17
filed 2026-04-20
James H. Dahl10% ownerBuy1.0K$27.66$28K

Reported non-derivative purchases and sales (codes P/S), which may be open-market or private. Excludes option exercises, grants, and shares withheld for taxes. Dates shown are the trade date; a Form 4 can be filed days to years later. A sale can be routine (e.g. a pre-set 10b5-1 plan), so read individual transactions in context. From SEC Form 4. Not investment advice.

Short interest

Total shares sold short as of each twice-monthly FINRA settlement. Rising short interest means more investors are positioned against the stock; days to cover estimates how many trading days of average volume that position represents.

Shares short
23.8K
settled 2026-09-30
Change vs prior
-5.0%
vs previous settlement
Days to cover
1.82
at avg daily volume
Avg daily volume
13.1K
FINRA reported
SettlementShares shortChangeDays to cover
2026-09-3023.8K-5.0%1.82
2026-09-1525.1K+16.7%3.24
2026-08-3121.5K-12.9%2.82
2026-08-1424.7K-6.2%1.61
2026-07-3126.3K-4.2%2.34
2026-07-1527.5K+6.2%4.98
2026-06-3025.9K-9.3%4.07
2026-06-1528.5K-6.4%5.45

Source: FINRA Consolidated Short Interest. FINRA is the owner and source of the FINRA-supplied data, which is included at no additional charge for your own personal or professional use; republishing or redistributing it is not permitted. Settlement dates are shown; FINRA publishes each settlement about nine business days later, so the latest figure can be two to four weeks old. Not presented as a percentage of float. No FINRA endorsement of this product is implied. Not investment advice.

Income statement (as reported)

 FY2026FY2025FY2024FY2023FY2022
Revenue$52.8M$49.7M$51.4M$48.7M$58.9M
Gross profit—————
Operating income$12.4M$12.1M$7.6M$5.8M$21.3M
Net income$10.3M$12.7M$6.7M$21.8M$15.9M
Diluted EPS$1.91$2.37$1.25$4.11$2.21

Figures as reported to the SEC. Underlined values link to the filing they came from; dotted values are calculated by us from reported figures; “adj” means restated for a stock split (tap or hover a figure to see how it was calculated or what was filed). Full details: where the numbers come from.

Balance sheet (as reported)

 FY2026FY2025FY2024FY2023FY2022
Cash and equivalents$52.3M$39.5M$29.7M$20.0M$15.7M
Current assets—————
Total assets$144.9M$133.8M$122.8M$115.9M$94.9M
Current liabilities—————
Long-term debt$18,000$26,000$35,000$44,000$2.0M
Total liabilities$4.1M$3.8M$4.8M$4.9M$11.8M
Total equity$140.7M$130.0M$118.0M$111.0M$83.2M

Figures as reported to the SEC. Underlined values link to the filing they came from; dotted values are calculated by us from reported figures; “adj” means restated for a stock split (tap or hover a figure to see how it was calculated or what was filed). Full details: where the numbers come from.

Cash flow (as reported)

 FY2026FY2025FY2024FY2023FY2022
Operating cash flow$12.9M$10.2M$10.7M$6.4M$15.5M
Capital expenditure$102,000$583,000$457,000$131,000$1.3M
Free cash flow

Figures as reported to the SEC. Underlined values link to the filing they came from; dotted values are calculated by us from reported figures; “adj” means restated for a stock split (tap or hover a figure to see how it was calculated or what was filed). Full details: where the numbers come from.

Quarterly trend

QuarterRevenueRevenue YoYNet incomeDiluted EPS
Q1 FY2027$6.1M-66.1%$276,000$0.05
Q4 FY2026-1.4%
Q3 FY2026$14.6M93.8%$3.1M$0.58
Q2 FY2026$9.4M-21.1%$1.2M$0.22
Q1 FY2026$17.9M-6.5%$4.7M$0.87
Q4 FY2025-42.8%
Q3 FY2025$7.5M-40.7%$717,000$0.13
Q2 FY2025$11.9M34.5%$4.0M$0.75

Latest 8 quarters, from company XBRL filings on SEC EDGAR. A dotted underline marks a fourth-quarter figure we calculated from the full year and the first nine months. Revenue YoY is our calculation too: each quarter against the same quarter a year earlier.

Company facts

ExchangeNYSE
SectorReal Estate
SIC industryLand Subdividers & Developers (No Cemeteries)
Latest annual periodFY2026 (ended April 30, 2026)
Latest reported quarterQ1 FY2027 (ended July 31, 2026)
Oldest indexed filing1994
SEC CIK6207

Selected SEC filings

10-K2026-07-24
View on EDGAR →
10-K2025-07-25
View on EDGAR →
10-Q2026-09-11
View on EDGAR →
10-Q2026-03-12
View on EDGAR →
10-Q2025-12-12
View on EDGAR →
10-Q2025-09-09
View on EDGAR →
8-K2026-09-11
View on EDGAR →
8-K2026-07-24
View on EDGAR →

Largest Real Estate peers

All Real Estate companies →

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Data sourced from SEC EDGAR. Figures are as-reported and may be unaudited or restated; verify against the source filing before relying on them. Informational only. Not investment advice.