Added to YB: 2025-02-04
Pitch date: 2024-12-19
AXR [bullish]
AMREP Corporation
-25.32%
current return
Author Info
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Company Info
AMREP Corporation, through its subsidiaries, engages in the real estate business in the United States.
Market Cap
$156.9M
Pitch Price
$31.00
Price Target
100.00 (+332%)
Dividend
N/A
Sector
Real Estate Management and Development
Category
growth
Show full summary:
AMREP Corporation - $AXR
AXR: Land bank w/ 17k acres in Rio Rancho, NM. Gross profit/acre up 6x to $300k-$500k. New homebuilder improves monetization. Trading at <10x EV/FCF, half of peers. $75-$100 PT by 2028 (30-40% IRR). Risks: local economy, climate change, key person. Catalysts: sustained high profits, homebuilder growth, capital return.
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