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AXR| Name | Value |
|---|---|
| Revenues | 9.1M |
| Cost of Revenue | 5.7M |
| Gross Profit | 3.4M |
| Operating Expense | 3.9M |
| Operating I/L | -0.5M |
| Other Income/Expense | 1.8M |
| Interest Income | 0.0M |
| Pretax | 1.3M |
| Income Tax Expense | -15.2M |
| Net Income/Loss | 16.6M |
AMREP Corporation, through its subsidiaries, operates in the real estate business, primarily focusing on land development and homebuilding. The company sells developed and undeveloped lots to homebuilders, commercial and industrial property developers. It owns approximately 17,000 acres in Sandoval County, New Mexico, and an approximately 160-acre property in Brighton, Colorado. Additionally, the company owns mineral interests covering a significant area of land in both New Mexico and Colorado. AMREP also engages in the sale of single-family detached homes and attached homes, generating revenue from property sales and mineral interests.
