AMREP (AXR) Revenue Fell 66%. Can Homebuilding Replace Lost Land Sales?
AMREP (AXR) reported a 66% revenue decline to $6.1M for Q1 2027, with net income dropping to $276K. Land and home sales both fell. The company is shifting focus to homebuilding, but faces challenges in demand and margins. Cash reserves are $48.7M, with 83 homes in production. Hedge fund interest has slightly decreased.

