AMREP Corporation

Princeton, NJ United States

  (NYSE: AXR)

Company Description

Mailing magazines and developing land in New Mexico keep AMREP hopping. About 80% of the company's sales come from newsstand distribution and subscription and product fulfillment services it provides through its Kable Media Services and Palm Coast Data subsidiaries. The units serve about 200 publishing clients by managing subscriptions and mailing 900-plus magazine titles. Through its AMREP Southwest subsidiary, the company develops its Rio Rancho property (roughly 17,300 acres) as well as certain parts of Sandoval County outside Albuquerque, New Mexico. AMREP was founded in 1961. Its largest shareholder in 2010 scrapped plans to take AMREP private and merge it with another firm.