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Amrep AXR Land Sale — Payments For Impact Fee Credits

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Other financials

Income statement

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Revenue$14.6M+93.8%
Operating income$3.0M+596%
Net income$3.1M+339%
EPS (diluted)$0.58+346%

Balance sheet

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Cash & equivalents$50.0M+35.4%
Total debt$42.0K-39.1%
Total equity$139.4M+10.6%
Total assets$143.9M+11.6%

Cash flow

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Operating cash flow$5.4M
CapEx$19.0K-26.9%
Free cash flow$5.4M

Valuation

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Market cap$137.09M+23.0%
P/E10.6×+1.8×
P/S2.6×+0.3×

Profitability

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Gross margin32.3%
Operating margin26.1%+3.2pp
Net margin24.4%+2.1pp
FCF margin31.9%+15.5pp

Returns & leverage

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Return on equity9.7%-1.1pp
Debt / equity0.0×

Where this comes from

Reported directly by Amrep in its filing.

Tagged under the XBRL concept axr:PaymentsForImpactFeeCredits.

The official record: Amrep’s 10-Q, filed March 12, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Amrep's land sale — payments for impact fee credits?
Amrep (AXR) reported land sale — payments for impact fee credits of $595K in Q4 2025.
How has Amrep's land sale — payments for impact fee credits changed year-over-year?
Amrep's land sale — payments for impact fee credits increased by 105.9% year-over-year, from $289K to $595K.
What is the long-term trend for Amrep's land sale — payments for impact fee credits?
Over 3 years (2022 to 2025), Amrep's land sale — payments for impact fee credits has grown at a -3.3% compound annual growth rate (CAGR), from $2.81M to $2.54M.
What does land sale — payments for impact fee credits mean?
This metric measures the cash outflows or financial obligations related to the acquisition of impact fee credits, which are used to offset development fees charged by local municipalities. These credits are a strategic tool for managing the regulatory costs associated with land development projects. Tracking these payments provides insight into the company's management of regulatory burdens and its long-term land development cost strategy.