AMREP is a holding company. Through its subsidiaries, Co. is primarily engaged in two business segments: land development and homebuilding. Co. provides for sale both developed and undeveloped real property to national, regional and local homebuilders, commercial and industrial property developers and others. Activities conducted or arranged by Co. include land and site planning, obtaining governmental and environmental approvals, installing utilities and storm drains, ensuring the availability of water service, building or improving roads necessary for land development and constructing community amenities. Co. has operations in New Mexico of its internal homebuilder, Amreston Homes. The AXR YTD return is shown above.
The YTD Return on the AXR YTD return page and across the coverage universe of our site,
is a measure of the total return for a given investment year-to-date for the current calendar year
(up to the end of prior trading session). Arguably, choosing the current calendar year for a measurement
period is on the one hand completely arbitrary, but on the other hand a year-to-date look can be extremely
useful in the context of our country's tax system which taxes gains and income on a calendar year basis.
Thus, researching Year-To-Date Returns is good practice for investors — whether AXR YTD return or other benchmarks/peers
— and when doing so it is also important to factor in dividends, because a financial instrument's YTD return is
more than just the change in price if that instrument pays a dividend or coupon. Our website aims to empower investors
by performing the AXR YTD return calculation (with any dividends reinvested as applicable), and to provide a
coverage universe of many stocks and ETFs to be able to compare YTD returns.
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