AMREP Corporation is a holding company that conducts substantially all of its operations through subsidiaries. As a holding company, AMREP Corporation is dependent on its available cash and on cash from subsidiaries to pay expenses and fund operations. The Company’s liquidity is affected by many factors, including some that are based on normal operations and some that are related to the real estate industry and the economy generally.
Company profile
Ticker
AXR
Exchange
Website
CEO
Christopher V. Vitale
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
Former names
AMREP CORP
SEC CIK
Corporate docs
Subsidiaries
American Republic Investment Co. • AMREP Southwest Inc. • Outer Rim Investments, Inc. • Two Commerce LLC • AMREPCO Inc. • Las Fuentes Village II, LLC • Las Fuentes Village III, LLC ...
IRS number
590936128
AXR stock data
Latest filings (excl ownership)
8-K
Amrep Reports Third Quarter Fiscal 2023 Results
13 Mar 23
10-Q
2023 Q3
Quarterly report
13 Mar 23
8-K
Amrep Reports Second Quarter Fiscal 2023 Results
12 Dec 22
10-Q
2023 Q2
Quarterly report
12 Dec 22
8-K
Changes in Registrant's Certifying Accountant
14 Sep 22
8-K
Submission of Matters to a Vote of Security Holders
8 Sep 22
8-K
Amrep Reports First Quarter Fiscal 2023 Results
7 Sep 22
10-Q
2023 Q1
Quarterly report
7 Sep 22
8-K
Entry into a Material Definitive Agreement
16 Aug 22
DEFA14A
Additional proxy soliciting materials
1 Aug 22
Latest ownership filings
4
EDWARD B CLOUES II
21 Apr 23
4
EDWARD B CLOUES II
17 Mar 23
SC 13G/A
GATE CITY CAPITAL MANAGEMENT, LLC
14 Feb 23
4
ALBERT RUSSO
3 Jan 23
4
EDWARD B CLOUES II
3 Jan 23
4
ROBERT ROBOTTI
3 Jan 23
4
EDWARD B CLOUES II
16 Dec 22
4
EDWARD B CLOUES II
17 Oct 22
4
EDWARD B CLOUES II
27 Sep 22
4/A
EDWARD B CLOUES II
26 Sep 22
Financial summary
| Quarter (USD) | Jan 23 | Oct 22 | Jul 22 | Apr 22 | |
|---|---|---|---|---|---|
| Revenue | |||||
| Cost of revenue | |||||
| Operating income | |||||
| Operating margin | |||||
| Net income | |||||
| Net profit margin | |||||
| Cash on hand | |||||
| Change in cash | |||||
| Diluted EPS |
| Annual (USD) | Apr 22 | Apr 21 | Apr 20 | Apr 19 | |
|---|---|---|---|---|---|
| Revenue | |||||
| Cost of revenue | |||||
| Operating income | |||||
| Operating margin | |||||
| Net income | |||||
| Net profit margin | |||||
| Cash on hand | |||||
| Change in cash | |||||
| Diluted EPS |
| Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
|---|---|---|---|---|---|---|
| Cash on hand (at last report) | 12.40 mm | 12.40 mm | 12.40 mm | 12.40 mm | 12.40 mm | 12.40 mm |
| Cash burn (monthly) | 161.67 k | 1.24 mm | (no burn) | (no burn) | 159.67 k | (no burn) |
| Cash used (since last report) | 682.71 k | 5.24 mm | n/a | n/a | 674.26 k | n/a |
| Cash remaining | 11.72 mm | 7.16 mm | n/a | n/a | 11.73 mm | n/a |
| Runway (months of cash) | 72.5 | 5.8 | n/a | n/a | 73.5 | n/a |
Institutional ownership, Q4 2022
35.9% owned by funds/institutions
| 13F holders | Current |
|---|---|
| Total holders | 21 |
| Opened positions | 2 |
| Closed positions | 1 |
| Increased positions | 5 |
| Reduced positions | 8 |
| 13F shares | Current |
|---|---|
| Total value | 13.18 bn |
| Total shares | 1.89 mm |
| Total puts | 0.00 |
| Total calls | 0.00 |
| Total put/call ratio | – |
| Largest owners | Shares | Value |
|---|---|---|
| Robert Robotti | 508.83 k | $5.88 bn |
| Gate City Capital Management | 443.99 k | $0.00 |
| Vanguard | 174.44 k | $2.01 bn |
| Dimensional Fund Advisors | 164.32 k | $1.90 mm |
| Bridgeway Capital Management | 145.80 k | $1.68 bn |
| JB Capital Partners | 141.36 k | $1.63 bn |
| Renaissance Technologies | 115.80 k | $1.34 mm |
| Oppenheimer & Close | 70.95 k | $819.47 mm |
| Caldwell Sutter Capital | 54.68 k | $631.58 mm |
| Geode Capital Management | 20.09 k | $232.00 k |
Recent insider trades
| Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
|---|---|---|---|---|---|---|---|---|---|---|
| 21 Apr 23 | Cloues Edward B Ii | Common Stock | Buy | Acquire P | No | No | 15 | 1,000 | 15.00 k | 34,624 |
| 16 Mar 23 | Cloues Edward B Ii | Common Stock | Buy | Acquire P | No | No | 12.3 | 1,000 | 12.30 k | 33,624 |
| 30 Dec 22 | Robert Robotti | Deferred Stock Units Common stock, $.10 par value | Grant | Acquire A | No | No | 0 | 2,597 | 0.00 | 19,280.63 |
| 30 Dec 22 | Albert Russo | Deferred Stock Units Common stock, $.10 par value | Grant | Acquire A | No | No | 0 | 2,597 | 0.00 | 20,493.56 |
| 30 Dec 22 | Cloues Edward B Ii | Deferred Stock Units Common stock, $.10 par value | Grant | Acquire A | No | No | 0 | 2,597 | 0.00 | 20,493.56 |
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13 Mar 23