Detail akcie Amrep Corp online

Business Summary: AMREP Corporation is a holding company, which conducts business through its subsidiaries. The Company operates through two business segments: land development and homebuilding. The land development segment offers for sale both developed and undeveloped real property to national, regional and local homebuilders, commercial and industrial property developers, and others. The Company owns approximately 17,000 acres in Sandoval County, New Mexico. The Company develops both residential lots and sites for commercial and industrial use as demand warrants. The homebuilding segment offers a variety of home floor plans and elevations at different prices and with varying levels of options and amenities to meet the needs of homebuyers. The Company is focused on selling single-family detached and attached homes. The Company commenced operations in New Mexico of its internal homebuilder, Amreston Homes. The Company utilizes internal and external sales brokers for home sales.
Financial Summary: BRIEF: For the nine months ended 31 January 2024, AMREP Corp revenues decreased 12% to $31.8M. Net income decreased 89% to $2.5M. Revenues reflect Land Development segment decrease of 10% to $23.9M, Home Building segment decrease of 15% to $7.9M. Net income also reflects Other income decrease from $1.8M (income) to $0K, Operations increase of 29% to $5M (expense). Basic Earnings per Share excluding Extraordinary Items decreased from $4.44 to $0.48.