AXR Stock - AMREP Corp.

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AMREP Corporation, along with its subsidiaries, is primarily involved in the real estate sector, operating through two main segments: Land Development and Homebuilding. The company specializes in selling both developed and undeveloped lots to various stakeholders, including homebuilders, commercial property developers, and industrial entities. Notably, as of July 1, 2022, AMREP Corporation owned an expansive land portfolio encompassing approximately 17,000 acres situated in Sandoval County, New Mexico. Additionally, it holds significant real estate holdings, including an approximately 160-acre property in Brighton, Colorado.

Moreover, AMREP Corporation is actively engaged in managing mineral interests across its properties. It possesses mineral interests covering approximately 55,000 surface acres of land in Sandoval County, New Mexico, and owns oil, gas, and mineral rights spanning approximately 147 surface acres in Brighton, Colorado. These assets underscore the company's diversified approach within the real estate sector, leveraging its extensive land holdings and mineral interests to enhance its overall portfolio value.

Founded in 1961 and headquartered in Havertown, Pennsylvania, AMREP Corporation continues to focus on expanding its real estate footprint and maximizing the value of its land assets through strategic development and sales initiatives. The company's robust presence in key geographic areas positions it as a significant player in the real estate market, catering to both residential and commercial sectors with a commitment to sustainable growth and development.

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