Saturday 7 November 2026
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AMREP Corporation
AXR Real Estate Real Estate Development
AMREP Corporation’s revenue for fiscal 2026 (year ended April 2026) was $52.8 million, up 6.34% from fiscal 2025.
- Revenue
- −66.1%
- EPS
- −94.3%
- Free cash flow
- −138.3%
Quarter to July 2026, against a year earlier
21.31
0.19
+0.90%
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Target Price Range
Analyst price targets
Free accountTen years at a glance Fiscal years to April
| Ten-year view | Analyst estimates Powerpack | |||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Group | Line | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | TTM Jul ’26 | Trend | 10 yrs | 2027e | 2028e | 2029e | Next 3/yr |
| Income, $m | ||||||||||||||||||
| Income, $m | Revenue | 42 | 9 | 13 | 19 | 40 | 59 | 49 | 51 | 50 | 53 | 41 | +2.5% | 35 | 45 | 47 | (4.1%) | |
| Gross margin, % | 15.34 | 32.10 | 7.75 | 26.61 | 36.11 | 45.24 | 38.83 | 28.17 | 39.01 | 40.53 | 38.17 | +25.2 pt | ||||||
| EBT | 1 | (3) | (3) | (8) | 10 | 22 | 8 | 8 | 14 | 14 | 8 | +34.5% | ||||||
| EBT margin, % | 2.32 | (31.85) | (24.88) | (40.60) | 25.04 | 36.60 | 15.70 | 16.40 | 27.62 | 26.73 | 19.02 | +24.4 pt | ||||||
| Net income | 0 | 0 | 2 | (6) | 7 | 16 | 22 | 7 | 13 | 10 | 6 | n/m | ||||||
| Per share, $ | ||||||||||||||||||
| Per share, $ | Revenue | 5.26 | 1.11 | 1.57 | 2.31 | 5.17 | 8.22 | 9.22 | 9.69 | 9.34 | 9.90 | 7.69 | +7.3% | |||||
| Earnings | 0.00 | 0.03 | 0.19 | (0.73) | 0.95 | 2.21 | 4.13 | 1.26 | 2.39 | 1.93 | 1.10 | n/m | ||||||
| Cash flow | 1.30 | 0.07 | 0.07 | 0.09 | 1.63 | 2.16 | 1.21 | 2.02 | 1.93 | 2.41 | (0.05) | +7.1% | ||||||
| Capex | (0.03) | (0.01) | 0.00 | 0.00 | 0.00 | (0.18) | (0.02) | (0.09) | (0.10) | (0.02) | (0.02) | (5.2%) | ||||||
| Free cash flow | 1.27 | 0.06 | 0.07 | 0.09 | 1.63 | 1.98 | 1.18 | 1.94 | 1.82 | 2.39 | (0.07) | +7.3% | ||||||
| Book value | 10.54 | 10.79 | 11.09 | 10.41 | 11.48 | 11.60 | 21.01 | 22.27 | 24.44 | 26.37 | 26.44 | +10.7% | ||||||
| Shares, m | 8 | 8 | 8 | 8 | 8 | 7 | 5 | 5 | 5 | 5 | 5 | (4.5%) | ||||||
| Valuation, × | ||||||||||||||||||
| Valuation, × | P/E | 1,510.26 | 241.67 | 29.65 | 0.00 | 11.03 | 5.71 | 3.39 | 16.10 | 9.44 | 14.27 | 19.37 | 184.2 | |||||
| P/S | 1.12 | 6.56 | 3.54 | 2.10 | 2.07 | 1.53 | 1.52 | 2.09 | 2.41 | 2.78 | 2.77 | 2.6 | ||||||
| P/B | 0.56 | 0.67 | 0.50 | 0.47 | 0.93 | 1.08 | 0.67 | 0.91 | 0.92 | 1.04 | 0.81 | 0.8 | ||||||
| EV/Sales | 0.93 | 5.41 | 2.63 | 1.37 | 1.50 | 1.30 | 1.11 | 1.50 | 1.61 | 1.79 | 1.58 | 1.9 | ||||||
| EV/FCF | 3.87 | 100.87 | 53.36 | 34.07 | 4.78 | 5.38 | 8.65 | 7.53 | 8.26 | 7.39 | (176.34) | 23.4 | ||||||
| Cash, $m | ||||||||||||||||||
| Cash, $m | Operating cash flow | 10 | 1 | 1 | 1 | 13 | 15 | 6 | 11 | 10 | 13 | 0 | +2.4% | |||||
| Capex | 0 | 0 | 0 | 0 | 0 | (1) | 0 | 0 | (1) | 0 | 0 | (9.4%) | ||||||
| Free cash flow | 10 | 0 | 1 | 1 | 13 | 14 | 6 | 10 | 10 | 13 | 0 | +2.5% | ||||||
| Balance, $m | ||||||||||||||||||
| Balance, $m | Working capital | 0 | (2) | 4 | 5 | 16 | 8 | 15 | 25 | 36 | 49 | 45 | +85.4% | |||||
| Net debt | (12) | (11) | (14) | (18) | (25) | (16) | (20) | (30) | (40) | (53) | (49) | +18.1% | ||||||
| Shareholders’ equity | 85 | 87 | 90 | 85 | 89 | 83 | 111 | 118 | 130 | 141 | 141 | +5.8% | ||||||
| Returns, % | ||||||||||||||||||
| Returns, % | ROA | (0.01) | 0.22 | 1.48 | (5.99) | 7.62 | 16.50 | 20.67 | 5.60 | 9.91 | 7.39 | 4.10 | +7.4 pt | |||||
| ROIC | 1.13 | (2.33) | (2.67) | (7.41) | 8.82 | 19.74 | 4.00 | 5.41 | 8.40 | 8.80 | 4.13 | +7.7 pt | ||||||
| ROE | (0.02) | 0.28 | 1.73 | (6.77) | 8.52 | 18.44 | 22.45 | 5.84 | 10.25 | 7.60 | 4.26 | +7.6 pt | ||||||
| People | ||||||||||||||||||
| People | Employees | 404 | 420 | 11 | 16 | 20 | 22 | 28 | 42 | 49 | 52 | — | (20.4%) | |||||
| Revenue/emp, $m | 0.10 | 0.02 | 1.16 | 1.17 | 2.00 | 2.68 | 1.74 | 1.22 | 1.01 | 1.02 | — | +28.7% | ||||||
Negative figures in brackets.
estimates
Fiscal years to Apr 2026 · latest quarter Jul 2026
AMREP Corporation vs peers in Real Estate Development (Q) = latest quarter vs a year earlier
| Company | Market cap | P/E | Fwd P/E | Revenue growth (Q) | EPS growth (Q) | FCF growth (Q) | Gross margin (Q) | EBIT margin (Q) | Compare |
|---|---|---|---|---|---|---|---|---|---|
| SKYH Sky Harbour Group Corporation | $816.3M | 342× | — (loss-making) | +49.59% (above 0%: growing) | n/m | +90.92% (above 0%: growing) | 100.00% | (68.68%) | Compare |
| SDHC Smith Douglas Homes Corp. | $524.6M | 18.0× | 43.6× | +0.18% (above 0%: growing) | −70.83% (below 0%: shrinking) | −263.00% (below 0%: shrinking) | 16.27% | 0.00% | Compare |
| FPH Five Point Holdings, LLC | $470.0M | 10.4× | 38.8× | +8.36% (above 0%: growing) | n/m | −146.39% (below 0%: shrinking) | 51.05% | (34.73%) | Compare |
| OZ Belpointe PREP, LLC | $132.2M | — (loss-making) | — (loss-making) | +165.62% (above 0%: growing) | n/m | +86.19% (above 0%: growing) | 19.96% | (140.87%) | Compare |
| AXR AMREP Corporation | $112.5M | 19.4× | 27.1× | −66.10% (below 0%: shrinking) | −94.32% (below 0%: shrinking) | −138.27% (below 0%: shrinking) | 37.10% | (2.69%) | |
| LPA Logistic Properties of the Americas | $72.3M | 4.3× | 8.4× | +26.09% (above 0%: growing) | n/m | +225.63% (above 0%: growing) | 100.00% | 189.88% | Compare |
| AEI Alset Inc. | $19.5M | — (loss-making) | — (loss-making) | −10.05% (below 0%: shrinking) | n/m | −187.23% (below 0%: shrinking) | 8.49% | (181.43%) | Compare |
| MRNO Murano Global BV | $15.3M | 2.4× | — | — | n/m | +87.89% (above 0%: growing) | 35.30% | 4.38% | Compare |
| LRE Lead Real Estate Co., Ltd. Unsponsored ADR | $15.0M | 1.9× | 5.4× | +20.40% (above 0%: growing) | +33.33% (above 0%: growing) | +270.92% (above 0%: growing) | 0.00% | 0.00% | Compare |
| Median of peers | $102.3M | 7.3× | 23.6× | +20.40% | — | +87.04% | 27.63% | (17.36%) |
Pay and ownership Proxy statement filed 4 August 2026
Chief executive’s pay
| Year | Total pay | Actually paid | $100 invested |
|---|---|---|---|
| 2026 | 734.10k | 874.46k | 198.20 |
| 2025 | 688.80k | 845.60k | 162.23 |
| 2024 | 692.70k | 1.09m | 145.23 |
Ownership
Directors and executive officers, together
37.40%
Albert V. Russo (Director), Clifton Russo, Lawrence Russo, Pasha Funding, LLC
24.30%
James H. Dahl and Rainey E. Lancaster
18.80%
Robert E. Robotti (Director), et al
9.80%
Total pay is as the Summary Compensation Table states it; actually paid revalues the year’s share awards
at its end, as the SEC’s pay-versus-performance rule asks. $100 invested is what $100 in the company’s
shares at the start of the earliest year shown was worth at each year’s end.
Ownership is the proxy’s own table: the directors and officers as a group, and every holder of 5% or more.
Read the proxy statement