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  September 5, 2001
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Home > Company Index > Real Estate > Residential Construction > AMREP Corporation

AMREP Corporation
NYSE: AXR
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 PROFILE
AMREP is settling down at home. The company, through subsidiary AMREP Southwest, once developed land and built single-family and multifamily homes in the western US. After suffering losses, AMREP has been dropping its homebuilding operations in California, Colorado, and Oregon. The firm is continuing to develop its Rio Rancho development outside Albuquerque, New Mexico, which it began in the early 1960s. The company has more than 22,000 acres in Rio Rancho. Accounting for 46% of sales, AMREP also provides distribution and subscription fulfillment services for some 520 magazines with 14 million subscribers through its Kable News subsidiary. Publishing and real estate executive Nicholas Karabots owns 42% of AMREP.

 COMPETITION
Anderson News Company (dossier)
Centex Corporation (CTX)
Realco, Inc. (RLCO)

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 FINANCIAL OVERVIEW
Fiscal Year-End: April
2000 Sales (mil.): 115.30
1-Yr. Sales Growth: (37.5)%
Employees: 1,040
Revenue per employee: $110,865.38

 KEY PEOPLE
• Edward B. Cloues
    CEO
• Mohan Vachani
    CFO

 CONTACT INFO
641 Lexington Ave., 6th Fl.
New York, NY 10022
US
Phone: 212-705-4700
Fax: 212-705-4740

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