AMREP
Develops Rio Rancho land and sells homes through two real-estate segments.
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Profile
Develops and sells land in Rio Rancho while building homes through a separate segment. Revenue comes from property sales to builders and other developers and from home sales, with the business shaped by land readiness, infrastructure, water, and required approvals.
Operates land-development and homebuilding businesses anchored by a large land position in Rio Rancho, New Mexico. The portfolio serves residential, commercial, and industrial uses.
Land development sells developed and undeveloped property to builders and commercial or industrial developers. It manages planning, entitlements, infrastructure, water availability, roads, and amenities needed to prepare those properties.
Homebuilding sells homes as a separate segment, linking its land inventory with residential construction.
A substantial portion of operations is concentrated in Rio Rancho and adjoining Sandoval County, where development depends on land planning, entitlements, infrastructure, and water availability.
Company facts
Key statistics
Year to date +22.0% · Average volume (30d) 11.9K
Analysts
No analyst consensus on record.
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Jul 24, 2026Q4 FY25 | $0.43 | $0.23 | −46.5% | $12.4M | $11.0M | −10.8% | −9.13% |
| Mar 12, 2026Q3 FY25 | $0.57 | $0.58 | +1.8% | $14.0M | $14.6M | +3.9% | +4.36% |
| Dec 12, 2025Q2 FY25 | $0.44 | $0.22 | −50.0% | $15.0M | $9.4M | −37.2% | −4.51% |
| Sep 9, 2025Q1 FY25 | $0.38 | $0.87 | +128.9% | $13.9M | $17.9M | +28.8% | +4.45% |
Financial highlights
| 12 quarters | Q3 FY24 | Q4 FY24 | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | |
|---|---|---|---|---|---|---|---|
| Revenue | $7.5M | $11.2M | $17.9M | $9.4M | $14.6M | $11.0M | |
| Gross profit | $4.3M | $14.3M | $10.7M | $3.1M | $10.4M | $4.4M | |
| Operating income | $432.0K | $3.5M | $6.1M | $1.1M | $3.0M | $2.1M | |
| Net income | $717.0K | $3.9M | $4.7M | $1.2M | $3.1M | $1.2M | |
| Diluted EPS | $0.13 | $0.73 | $0.87 | $0.22 | $0.58 | $0.24 | |
| Gross margin | 57.8% | 127.8% | 59.8% | 32.7% | 71.5% | 39.5% | |
| Operating margin | 5.7% | 31.7% | 34.4% | 11.9% | 20.6% | 19.2% |
Fiscal years (4-quarter sums)FY21 $62.5M · FY22 $49.2M · FY23 $51.4M · FY24 $49.7M · FY25 $52.8M
Revenue by product · Q4 FY25
Balance sheet, Apr 30, 2026Cash & short-term investments $52.7M · Total debt $167.0K · Total assets $147.3M · Shareholders' equity $140.7M
Dividends
No dividends on record.
Ownership
Shares outstanding 5.31M · Float 2.38M · 44.8% free float
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| Robotti Robert | 521.8K | 9.83% | 13F | May 13, 2026 |
| Dahl James H · 10 percent owner | 501.7K | 9.46% | Form 4 | Jun 24, 2026 |
| Dimensional Fund Advisors LP | 193.5K | 3.65% | 13F | May 7, 2026 |
| Cerity Partners LLC | 169.0K | 3.19% | 13F | May 15, 2026 |
| Truffle Hound Capital, LLC | 160.0K | 3.02% | 13F | May 7, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Jul 30, 2026 | Adrienne Uleau | officer: CFO and VP | −4,000 | $23.49 |
| Jun 22, 2026 | James H. Dahl | 10 percent owner | +3,075 | $25.58 |
| Jun 2, 2026 | James H. Dahl | 10 percent owner | +1,500 | $26.62 |
| May 29, 2026 | James H. Dahl | 10 percent owner | +4,000 | $26.16 |
| May 20, 2026 | James H. Dahl | 10 percent owner | +5,000 | $24.50 |
Peers
- D.R. Horton
Large Rio Rancho production-home builder with multiple communities
- PulteGroup
Rio Rancho new-construction builder operating Pulte communities
- LGI Homes
Rio Rancho builder expanding affordable single-family community supply
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| AMREP | $23.34 | +0.03% | $122.4M | 12.1 | 15.1 | 2.3 | −1.4% |
| D.R. Horton | $147.39 | 0.00% | $41.23B | 14.1 | 13.1 | 1.2 | +0.0% |
| PulteGroup | $128.55 | +0.02% | $24.81B | 13.2 | 12.0 | 1.5 | −9.6% |
| LGI Homes | $57.50 | +0.03% | $1.34B | 20.2 | 17.4 | 0.8 | +6.7% |
| Median | 14.1 | 13.1 | 1.2 | +0.0% |