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    Amrep (AXR)

    Market Price (9/4/2026): $22.96 | Market Cap: $122.7 MilSector: Real Estate | Industry: Real Estate Development

    Amrep (AXR)

    Market Price (9/4/2026): $22.96
    Market Cap: $122.7 Mil
    Sector: Real Estate
    Industry: Real Estate Development

    Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.

    0

    Attractive yield
    Total YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 8.4%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 4.0%, FCF Yield is 10%

    Cash is significant % of market cap
    Net D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is -43%

    Attractive cash flow generation
    CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 24%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 24%

    Low stock price volatility
    Vol 12M is 45%

    Megatrend and thematic drivers
    Megatrends include Sustainable Infrastructure, Circular Economy & Recycling, and Sustainable & Green Buildings. Themes include Waste Management Solutions, Show more.

    Weak multi-year price returns
    2Y Excs Rtn is -33%, 3Y Excs Rtn is -37%

    Weak revenue growth
    Rev Chg QQuarterly Revenue Change % is -1.4%

    Key risks
    AXR key risks include [1] material delays in securing project entitlements and municipal approvals, Show more.

    0 Attractive yield
    Total YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 8.4%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 4.0%, FCF Yield is 10%
    1 Cash is significant % of market cap
    Net D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is -43%
    2 Attractive cash flow generation
    CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 24%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 24%
    3 Low stock price volatility
    Vol 12M is 45%
    4 Megatrend and thematic drivers
    Megatrends include Sustainable Infrastructure, Circular Economy & Recycling, and Sustainable & Green Buildings. Themes include Waste Management Solutions, Show more.
    5 Weak multi-year price returns
    2Y Excs Rtn is -33%, 3Y Excs Rtn is -37%
    6 Weak revenue growth
    Rev Chg QQuarterly Revenue Change % is -1.4%
    7 Key risks
    AXR key risks include [1] material delays in securing project entitlements and municipal approvals, Show more.

    AXR in ETFs

    Weight = AXR's share of each fund

    VTI0.00%
    DFAS0.00%
    DFAC0.00%
    AVUV0.00%

    Valuation & Metrics

    FYE: 4/30AXR [1]S&P 500 [2]
    REVENUE GROWTH
    LTM Revenue [3]$52.8 Mil—
    FY 2027 Sales$51.8 Mil—
    FY 2028 Sales$53.4 Mil—
    FY 2027 Sales Growth-2.0%—
    FY 2028 Sales Growth3.1%13.3%
    EARNINGS
    LTM Net Income (GAAP) [3]$10.3 Mil—
    FY 2027 Net Income (Non-GAAP)$8.4 Mil—
    FY 2028 Net Income (Non-GAAP)$9.0 Mil—
    FY 2028 Net Income Growth7.1%18.7%
    FY 2027 EPS (Non-GAAP)$1.55—
    FY 2028 EPS (Non-GAAP)$1.66—
    FY 2028 EPS Growth7.1%—
    VALUATION
    FY 2027 P/S2.41.6
    FY 2028 P/S2.3—
    FY 2027 P/E14.77.5
    FY 2028 P/E13.7—

    [1] AXR forward figures are analyst consensus for the next two fiscal years (fiscal year end 4/30). Net Income and EPS are non-GAAP (adjusted) consensus. P/S and P/E divide the current market cap by the consensus figure.
    [2] S&P 500 figures are the SPY ETF's holdings-weighted forward aggregate. P/S and P/E reflect FY1/FY2 consensus blended to the 12-month window ending 9/30/27 (~one year forward), shown when ≥90% of index weight has estimates. Growth is the aggregate next-fiscal-year vs current-fiscal-year (FY1→FY2) change. Index-level dollar Sales, Net Income and EPS are not applicable.
    [3] LTM = reported trailing-twelve-month actuals (GAAP).
    AXRS&P 500
    REVENUE GROWTH 
    Rev LTM ($ Bil)0.1
    Rev Chg Q-1.4%9.3%
    Rev Chg LTM6.3%8.3%
    Rev Chg 3Y Avg2.9%5.9%
    PROFITABILITYGOOD
    Op Inc LTM ($ Bil)0.0
    CFO LTM ($ Bil)0.0
    Net Inc LTM ($ Bil)0.0
    Op Mgn LTM23.4%18.6%
    CFO/Rev LTM24.4%21.8%
    Net Inc Mgn19.5%13.1%
    VALUATIONLOW
    P/S2.33.2
    P/CFO9.515.4
    P/FCF9.619.9
    P/E11.923.2

    AI Analysis | Feedback

    MetricValueDateSource
    Homes in production7010312024Link
    Homes under contract1510312024Link
    Expected revenue from homes under contract661000010312024Link
    Number of homes sold227312025Link
    Average selling price per home4340007312025Link
    Acres of land sold4957312025Link
    Number of homes leased to tenants277312025Link
    Undeveloped land holdings (acres)180003242022Link
    Oil, gas, and mineral interests (acres)550003242022Link

    Price Chart

    Upcoming
    9/15/2026Earnings ReleaseRev: $14 Mil (E)
    EPS: $0.44 (E)

    Why The Stock Moved

    Qualitative Assessment

    AI Analysis | Feedback

    Updated on 9/1/2026

    Amrep (AXR) stock has lost about 10% since 5/31/2026 because of the following key factors:

    1. AMREP reported weaker-than-expected fiscal Q4 2026 earnings and revenue.

    On July 24, 2026, AMREP announced its fiscal Q4 2026 results, reporting diluted earnings per share (EPS) of $0.23, which significantly missed the consensus analyst estimate of $0.43. Concurrently, quarterly revenue of $11.02 million fell short of the $12.36 million consensus estimate, indicating a broader miss across its top and bottom lines.

    2. The company experienced a decline in full fiscal year 2026 net income and diluted EPS.

    For the full fiscal year 2026, which concluded on April 30, 2026 (Amrep's fiscal year end), AMREP's net income decreased to $10,288,000, or $1.91 per diluted share, from $12,716,000, or $2.37 per diluted share, in fiscal 2025. This reduction in profitability occurred despite an increase in revenues, which rose to $52,847,000 in fiscal 2026 from $49,694,000 in the previous fiscal year.

    Show more
    Updated on 9/1/2026

    Amrep (AXR) stock has lost about 10% since 5/31/2026 because of the following key factors:

    1. AMREP reported weaker-than-expected fiscal Q4 2026 earnings and revenue.

    On July 24, 2026, AMREP announced its fiscal Q4 2026 results, reporting diluted earnings per share (EPS) of $0.23, which significantly missed the consensus analyst estimate of $0.43. Concurrently, quarterly revenue of $11.02 million fell short of the $12.36 million consensus estimate, indicating a broader miss across its top and bottom lines.

    2. The company experienced a decline in full fiscal year 2026 net income and diluted EPS.

    For the full fiscal year 2026, which concluded on April 30, 2026 (Amrep's fiscal year end), AMREP's net income decreased to $10,288,000, or $1.91 per diluted share, from $12,716,000, or $2.37 per diluted share, in fiscal 2025. This reduction in profitability occurred despite an increase in revenues, which rose to $52,847,000 in fiscal 2026 from $49,694,000 in the previous fiscal year.

    3. Adverse macroeconomic conditions in the U.S. housing market impacted demand and pricing.

    The broader U.S. housing market faced significant challenges, including persistently high mortgage rates, which averaged 6.65% by late August 2026, hindering buyer affordability. This led to cooling buyer demand, evidenced by a 3.1% annual drop in pending sales by late August, reaching a six-month low. Concurrently, new listings surged by 6% year-over-year, contributing to increased inventory. Asking prices experienced a 2.5% year-over-year decline in June 2026, the steepest annual drop since 2017, due to seller realism. As a land developer and homebuilder primarily in New Mexico, a region within the Southwest, Amrep was particularly exposed to markets adjusting to increased supply and weaker affordability.

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    Stock Movement Drivers

    Fundamental Drivers

    The -8.2% change in AXR stock from 5/31/2026 to 9/3/2026 was primarily driven by a -20.2% change in the company's Net Income Margin (%).
    (LTM values as of)53120269032026Change
    Stock Price ($)25.0222.96-8.2%
    Change Contribution By: 
    Total Revenues ($ Mil)5353-0.3%
    Net Income Margin (%)24.4%19.5%-20.2%
    P/E Multiple10.311.915.5%
    Shares Outstanding (Mil)55-0.1%
    Cumulative Contribution-8.2%

    LTM = Last Twelve Months as of date shown

    Market Drivers

    5/31/2026 to 9/3/2026
    ReturnCorrelation
    AXR-8.2% 
    Market (SPY)2.2%-3.2%
    Sector (XLRE)0.6%7.8%

    Fundamental Drivers

    The -9.1% change in AXR stock from 2/28/2026 to 9/3/2026 was primarily driven by a -14.8% change in the company's Net Income Margin (%).
    (LTM values as of)22820269032026Change
    Stock Price ($)25.2622.96-9.1%
    Change Contribution By: 
    Total Revenues ($ Mil)465315.0%
    Net Income Margin (%)22.9%19.5%-14.8%
    P/E Multiple12.811.9-7.1%
    Shares Outstanding (Mil)55-0.1%
    Cumulative Contribution-9.1%

    LTM = Last Twelve Months as of date shown

    Market Drivers

    2/28/2026 to 9/3/2026
    ReturnCorrelation
    AXR-9.1% 
    Market (SPY)13.0%16.6%
    Sector (XLRE)1.6%15.8%

    Fundamental Drivers

    The 6.9% change in AXR stock from 8/31/2025 to 9/3/2026 was primarily driven by a 32.7% change in the company's P/E Multiple.
    (LTM values as of)83120259032026Change
    Stock Price ($)21.4722.966.9%
    Change Contribution By: 
    Total Revenues ($ Mil)50536.3%
    Net Income Margin (%)25.6%19.5%-23.9%
    P/E Multiple9.011.932.7%
    Shares Outstanding (Mil)55-0.4%
    Cumulative Contribution6.9%

    LTM = Last Twelve Months as of date shown

    Market Drivers

    8/31/2025 to 9/3/2026
    ReturnCorrelation
    AXR6.9% 
    Market (SPY)20.9%22.1%
    Sector (XLRE)7.3%17.3%

    Fundamental Drivers

    The 35.4% change in AXR stock from 8/31/2023 to 9/3/2026 was primarily driven by a 190.0% change in the company's P/E Multiple.
    (LTM values as of)83120239032026Change
    Stock Price ($)16.9522.9635.4%
    Change Contribution By: 
    Total Revenues ($ Mil)49538.6%
    Net Income Margin (%)44.8%19.5%-56.5%
    P/E Multiple4.111.9190.0%
    Shares Outstanding (Mil)55-1.1%
    Cumulative Contribution35.4%

    LTM = Last Twelve Months as of date shown

    Market Drivers

    8/31/2023 to 9/3/2026
    ReturnCorrelation
    AXR35.4% 
    Market (SPY)77.7%19.0%
    Sector (XLRE)31.3%16.2%

    Return vs. Risk

    Price Returns Compared

     202120222023202420252026Total [1]
    Returns
    AXR Return78%-24%90%43%-40%22%168%
    Peers Return36%-27%92%-10%-11%7%64%
    S&P 500 Return27%-19%24%23%16%12%104%

    Monthly Win Rates [3]
    AXR Win Rate58%25%50%58%42%44% 
    Peers Win Rate65%43%58%48%42%51% 
    S&P 500 Win Rate75%42%67%75%67%44% 

    Max Drawdowns [4]
    AXR Max Drawdown-32%-34%-22%-32%-44%-23% 
    Peers Max Drawdown-25%-47%-26%-31%-33%-28% 
    S&P 500 Max Drawdown-5%-25%-10%-8%-19%-9% 

    [1] Cumulative total returns since the beginning of 2021
    [2] Peers: DHI, PHM, LGIH, KBH, FOR.
    [3] Win Rate = % of calendar months in which monthly returns were positive
    [4] Max drawdown represents maximum peak-to-trough decline within a year
    [5] 2026 data is for the year up to 9/3/2026 (YTD)

    How Low Can It Go

    EventAXRS&P 500
    2025 US Tariff Shock
      % Loss-35.0%-18.8%
      % Gain to Breakeven54.0%23.1%
      Time to Breakeven342 days79 days
    Summer-Fall 2023 Five Percent Yield Shock
      % Loss-21.7%-9.5%
      % Gain to Breakeven27.8%10.5%
      Time to Breakeven25 days24 days
    2022 Inflation Shock & Fed Tightening
      % Loss-31.5%-24.5%
      % Gain to Breakeven46.0%32.4%
      Time to Breakeven141 days427 days
    2020 COVID-19 Crash
      % Loss-32.6%-33.7%
      % Gain to Breakeven48.4%50.9%
      Time to Breakeven150 days140 days
    Q4 2018 Fed Policy Error / Growth Scare
      % Loss-22.9%-19.2%
      % Gain to Breakeven29.7%23.8%
      Time to Breakeven713 days105 days
    2016-2017 Trump Reflation Bond Selloff
      % Loss-26.6%-3.7%
      % Gain to Breakeven36.3%3.9%
      Time to Breakeven496 days6 days

    Compare to DHI, PHM, LGIH, KBH, FOR

    In The Past

    Amrep's stock fell -35.0% during the 2025 US Tariff Shock. Such a loss loss requires a 54.0% gain to breakeven.

    Preserve Wealth

    Limiting losses and compounding gains is essential to preserving wealth.

    Asset Allocation

    Actively managed asset allocation strategies protect wealth. Learn more.

    EventAXRS&P 500
    2025 US Tariff Shock
      % Loss-35.0%-18.8%
      % Gain to Breakeven54.0%23.1%
      Time to Breakeven342 days79 days
    Summer-Fall 2023 Five Percent Yield Shock
      % Loss-21.7%-9.5%
      % Gain to Breakeven27.8%10.5%
      Time to Breakeven25 days24 days
    2022 Inflation Shock & Fed Tightening
      % Loss-31.5%-24.5%
      % Gain to Breakeven46.0%32.4%
      Time to Breakeven141 days427 days
    2020 COVID-19 Crash
      % Loss-32.6%-33.7%
      % Gain to Breakeven48.4%50.9%
      Time to Breakeven150 days140 days
    Q4 2018 Fed Policy Error / Growth Scare
      % Loss-22.9%-19.2%
      % Gain to Breakeven29.7%23.8%
      Time to Breakeven713 days105 days
    2016-2017 Trump Reflation Bond Selloff
      % Loss-26.6%-3.7%
      % Gain to Breakeven36.3%3.9%
      Time to Breakeven496 days6 days
    2015-2016 China Devaluation / Global Growth Scare
      % Loss-29.3%-12.2%
      % Gain to Breakeven41.5%13.9%
      Time to Breakeven153 days62 days
    2014-2016 Oil Price Collapse
      % Loss-39.0%-6.8%
      % Gain to Breakeven63.9%7.3%
      Time to Breakeven159 days15 days
    2013 Taper Tantrum
      % Loss-40.2%-0.2%
      % Gain to Breakeven67.1%0.2%
      Time to Breakeven1601 days1 days
    2011 US Debt Ceiling Crisis & European Contagion
      % Loss-27.5%-17.9%
      % Gain to Breakeven37.9%21.8%
      Time to Breakeven337 days123 days
    2010 Eurozone Sovereign Debt Crisis / Flash Crash
      % Loss-23.7%-15.4%
      % Gain to Breakeven31.1%18.2%
      Time to Breakeven4051 days125 days
    2008-2009 Global Financial Crisis
      % Loss-54.4%-53.4%
      % Gain to Breakeven119.5%114.4%
      Time to Breakeven5720 days1085 days
    Summer 2007 Credit Crunch
      % Loss-33.9%-8.6%
      % Gain to Breakeven51.3%9.5%
      Time to Breakeven136 days47 days

    Compare to DHI, PHM, LGIH, KBH, FOR

    In The Past

    Amrep's stock fell -35.0% during the 2025 US Tariff Shock. Such a loss loss requires a 54.0% gain to breakeven.

    Preserve Wealth

    Limiting losses and compounding gains is essential to preserving wealth.

    Asset Allocation

    Actively managed asset allocation strategies protect wealth. Learn more.

    About Amrep (AXR)

    AMREP Corporation (AXR) is a real estate company primarily engaged in two core activities: land development and homebuilding. The company strategically develops and monetizes its substantial land holdings by preparing properties for sale and constructing residential units. Headquartered in Plymouth Meeting, Pennsylvania, AMREP has been operating in the real estate sector since its incorporation in 1961.

    The Land Development segment is central to AMREP's business model. It owns significant tracts of land, notably approximately 18,000 acres in Rio Rancho, New Mexico, along with properties in Colorado, including one planned for around 410 homes. AMREP's main products in this segment are developed and undeveloped land lots, which it sells to a variety of customers, including residential homebuilders, commercial property developers, and industrial developers. Additionally, the company holds subsurface oil, gas, and mineral interests across a vast area of its Rio Rancho land, providing another potential asset.

    Complementing its land sales, AMREP also operates a Homebuilding segment. In this area, the company focuses on constructing and selling residential properties. Its main products include single-family detached homes and attached townhomes. These homes are developed and marketed primarily to individual homebuyers and families seeking new residences within the communities AMREP is involved in.

    AI Analysis | Feedback

    • A regional combination of a large land developer like The Howard Hughes Corporation and a major homebuilder like Lennar.
    • Like a traditional homebuilder such as PulteGroup, but with the added business of owning, developing, and selling very large undeveloped land parcels to other developers.

    AI Analysis | Feedback

    • Land Development: Selling developed and undeveloped land lots to various builders and developers.
    • Homebuilding: Developing and selling single-family detached homes and attached townhomes.
    • Mineral Rights Management: Holding and potentially leasing or developing subsurface oil, gas, and mineral interests.

    AI Analysis | Feedback

    AMREP Corporation (AXR) primarily sells to other companies, particularly within its Land Development segment.

    The company's major customers are:

    • Homebuilders
    • Commercial property developers
    • Industrial property developers

    The provided background information does not list the specific names or symbols of these customer companies.

    AI Analysis | Feedback

    null

    AI Analysis | Feedback

    Christopher V. Vitale, President and Chief Executive Officer

    Mr. Vitale has served as President and Chief Executive Officer of AMREP Corporation since September 18, 2017. Prior to this role, he was AMREP's Executive Vice President, Chief Administrative Officer, and General Counsel from September 2014, and Vice President and General Counsel from 2013 to 2014. He has been managing the company's operations as its principal executive officer since 2014, leading efforts to restructure and simplify its business portfolio and balance sheet.


    Adrienne M. Uleau, Chief Financial Officer and Vice President

    Ms. Uleau serves as the Chief Financial Officer and Vice President of AMREP Corporation. She is also noted as the contact person for investor relations.


    Edward B. Cloues, II, Chairman of the Board

    Mr. Cloues is the Chairman of the Board of AMREP Corporation. He previously served as Chairman of the Board and Chief Executive Officer of K-Tron International, Inc., an industrial manufacturer.


    Timothy S. McNaney, Director

    Mr. McNaney is a Director of AMREP Corporation. He previously held the position of Co-President at Twilight Homes of New Mexico, LLC.


    Albert V. Russo, Director

    Mr. Russo is a Director of AMREP Corporation. He is also a Managing Partner at Russo Associates, Pioneer Realty, and 401 Broadway Building, which are involved in commercial real estate.

    AI Analysis | Feedback

    Key Risks to Amrep (AXR)

    1. Real Estate Market Volatility and Demand Fluctuations: Amrep's core business in land development and homebuilding is highly susceptible to market volatility. Fluctuations in demand, supply, prices, interest rates, and consumer preferences can significantly impact the viability and profitability of its projects. Management has indicated that revenues and margins may continue to fluctuate due to market uncertainty and affordability constraints, including higher mortgage rates and elevated home prices.
    2. Geographic Concentration: The company's operations are heavily concentrated in Rio Rancho, New Mexico, and its surrounding areas. This high geographic concentration makes Amrep particularly vulnerable to regional economic downturns or adverse changes in local market conditions and regulations, which could disproportionately affect its entire business.
    3. Regulatory and Entitlement Delays: Amrep has faced operational challenges, including delays in municipal entitlements, infrastructure availability, and utility response times. These delays can impact construction timelines, lead to cost overruns, and affect the progression of both land development and homebuilding projects.

    AI Analysis | Feedback

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    AI Analysis | Feedback

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    AI Analysis | Feedback

    For Amrep (AXR), the following are identified as key drivers of future revenue growth over the next 2-3 years:

    1. Expansion of Homebuilding Operations: AMREP Corporation is strategically expanding its internal homebuilding business. This initiative aims to monetize its extensive land holdings, capture a larger share of the financial returns from its subdivisions, and improve its negotiating position when selling lots to external homebuilders. Recent reports indicate an intentional shift towards increasing the share of production from its homebuilding operations, with a notable increase in home sales.
    2. Strategic Monetization of Extensive Land Inventory: The company holds significant land assets, including approximately 18,000 acres in Rio Rancho, New Mexico, and around 160 acres in Colorado. The ongoing strategy involves the development and sale of these developed and undeveloped lots to homebuilders, as well as commercial and industrial property developers. This continuous monetization of its substantial land bank is a fundamental revenue driver.
    3. Improved Housing Market Conditions: A potential shift in monetary policy, such as a reduction in interest rates, is anticipated to unlock pent-up demand in the housing market. Such conditions would enhance housing affordability, thereby stimulating demand for both AMREP's developed lots and its homebuilding pipeline.
    4. Strategic Land Acquisition and Development: AMREP's forward-looking strategy includes the acquisition of new land for development. This focus on expanding its land portfolio ensures a pipeline for future projects and sustained growth in its land development and homebuilding segments.
    5. Increased Home Sales Volume and Pricing Power: The company has demonstrated the ability to increase home sales and has raised land and home prices to offset higher costs, indicating an ongoing effort to maximize revenue through both volume and strategic pricing in its homebuilding segment. Recent results show a significant increase in home sales year-to-date.

    AI Analysis | Feedback

    Share Repurchases

    • In March 2022, AMREP Corporation authorized a share repurchase program to buy back up to 2,096,061 shares, representing 28.6% of its outstanding share capital, at a price of $10.45 per share, totaling $21.9 million.

    Share Issuance

    • AMREP Corporation has maintained a stable share count with only a slight increase in common shares outstanding compared to prior periods, indicating limited dilution risk.
    • For the nine months ended January 31, 2025, there was an issuance of deferred common share units amounting to $90,000.
    • The number of common shares outstanding at April 30, 2025, was 5,287,449, and at March 10, 2026, it was 5,305,199, reflecting a minimal increase.

    Capital Expenditures

    • For the fiscal year 2025, AMREP Corporation had minimal investing cash flow of -$116,000, indicating limited cash used for long-term investments such as property or equipment.
    • During the three months ended January 31, 2025, capital expenditures were reported as $0.
    • The company has strategically shifted its focus towards expanding homebuilding operations, intentionally reducing land project activity. This involves increasing its portfolio of owned leased homes and adjusting inventory through sales, completions, and selective acquisitions.

    Better Bets vs. Amrep (AXR)

    SECTOR: Real Estate

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    Higher Rev Chg 3Y Avg | Lower P/Op Inc (Values for AXR: 2.9% | 9.9x)

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    Higher Rev Chg LTM (Value for AXR: 6.3%)

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    Higher Rev Chg 3Y Avg (Value for AXR: 2.9%)

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    Higher Op Mgn LTM (Value for AXR: 23.4%)

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    Higher CFO/Rev LTM (Value for AXR: 24.4%)

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    Higher FCF/Rev LTM (Value for AXR: 24.2%)

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    Higher Total Yield (Value for AXR: 8.4%)

    VICI (16.7%)
    VICI Properties
    OHI (11.8%)
    Omega Healthcare Investors
    HST (11.1%)
    Host Hotels & Resorts
    WPC (9.2%)
    W.P. Carey
    KIM (8.4%)
    Kimco Realty

    All Other Sectors

    Higher Rev Chg 3Y Avg | Lower P/S (Values for AXR: 2.9% | 2.3x)

    WMT (5.3% | 1.2x)
    Walmart
    COST (7.6% | 1.4x)
    Costco Wholesale
    UNH (8.9% | 0.8x)
    UnitedHealth
    HD (3.1% | 1.9x)
    Home Depot
    TMUS (5.5% | 2.2x)
    T-Mobile US

    Higher Rev Chg 3Y Avg | Lower P/Op Inc (Values for AXR: 2.9% | 9.9x)

    NEM (32.1% | 9.8x)
    Newmont
    CVS (7.0% | 8.9x)
    CVS Health
    ENB (23.1% | 9.7x)
    Enbridge
    CNQ (7.2% | 8.9x)
    Canadian Natural Resources
    HCA (8.0% | 7.5x)
    HCA Healthcare

    Higher Rev Chg LTM (Value for AXR: 6.3%)

    NVDA (83.4%)
    NVIDIA
    GOOGL (20.1%)
    Alphabet
    MSFT (17.8%)
    Microsoft
    AMZN (15.8%)
    Amazon.com
    AAPL (14.2%)
    Apple

    Higher Rev Chg 3Y Avg (Value for AXR: 2.9%)

    NVDA (116.5%)
    NVIDIA
    MSFT (16.1%)
    Microsoft
    GOOGL (15.5%)
    Alphabet
    AMZN (13.0%)
    Amazon.com
    AAPL (6.9%)
    Apple

    Higher Op Mgn LTM (Value for AXR: 23.4%)

    NVDA (65.2%)
    NVIDIA
    MSFT (46.8%)
    Microsoft
    AVGO (44.1%)
    Broadcom
    AAPL (33.2%)
    Apple
    GOOGL (33.1%)
    Alphabet

    Higher CFO/Rev LTM (Value for AXR: 24.4%)

    MSFT (55.1%)
    Microsoft
    AVGO (44.6%)
    Broadcom
    NVDA (44.3%)
    NVIDIA
    GOOGL (41.6%)
    Alphabet
    AAPL (31.4%)
    Apple

    Higher FCF/Rev LTM (Value for AXR: 24.2%)

    V (47.2%)
    Visa
    AVGO (43.4%)
    Broadcom
    NVDA (41.9%)
    NVIDIA
    AAPL (29.3%)
    Apple
    MU (29.0%)
    Micron Technology

    Higher Total Yield (Value for AXR: 8.4%)

    RY (10.9%)
    Royal Bank of Canada
    WFC (10.4%)
    Wells Fargo
    BAC (9.7%)
    Bank of America
    GS (8.7%)
    Goldman Sachs
    JPM (8.5%)
    JPMorgan Chase

    Best Bets in Real Estate

    What You Pay

    P/EBIT (Value for AXR: 9.9x)

    CTRE (22.3x)
    CareTrust REIT
    WPC (15.9x)
    W.P. Carey
    NNN (14.3x)
    NNN REIT
    OHI (12.7x)
    Omega Healthcare Investors
    EPRT (16.5x)
    Essential Properties Realty Trust
    VICI (7.7x)
    VICI Properties
    EPR (11.6x)
    EPR Properties
    NHI (15.7x)
    National Health Investors
    GLPI (8.7x)
    Gaming and Leisure Properties
    LTC (12.0x)
    LTC Properties

    P/E (Value for AXR: 11.9x)

    CTRE (26.1x)
    CareTrust REIT
    WPC (24.4x)
    W.P. Carey
    NNN (22.2x)
    NNN REIT
    OHI (16.4x)
    Omega Healthcare Investors
    EPRT (24.0x)
    Essential Properties Realty Trust
    VICI (10.1x)
    VICI Properties
    EPR (17.6x)
    EPR Properties
    NHI (20.9x)
    National Health Investors
    GLPI (12.5x)
    Gaming and Leisure Properties
    LTC (16.0x)
    LTC Properties
    What You Get

    Rev Chg 3Y Avg (Value for AXR: 2.9%)

    CTRE (35.4%)
    CareTrust REIT
    WPC (2.5%)
    W.P. Carey
    NNN (6.1%)
    NNN REIT
    OHI (14.6%)
    Omega Healthcare Investors
    EPRT (25.0%)
    Essential Properties Realty Trust
    VICI (7.6%)
    VICI Properties
    EPR (3.2%)
    EPR Properties
    NHI (12.3%)
    National Health Investors
    GLPI (6.2%)
    Gaming and Leisure Properties
    LTC (24.8%)
    LTC Properties

    Rev Chg LTM (Value for AXR: 6.3%)

    CTRE (63.4%)
    CareTrust REIT
    WPC (9.0%)
    W.P. Carey
    NNN (6.5%)
    NNN REIT
    OHI (15.0%)
    Omega Healthcare Investors
    EPRT (22.3%)
    Essential Properties Realty Trust
    VICI (4.4%)
    VICI Properties
    EPR (6.5%)
    EPR Properties
    NHI (23.9%)
    National Health Investors
    GLPI (5.8%)
    Gaming and Leisure Properties
    LTC (59.8%)
    LTC Properties

    Rev Chg Q (Value for AXR: -1.4%)

    CTRE (42.8%)
    CareTrust REIT
    WPC (7.0%)
    W.P. Carey
    NNN (7.7%)
    NNN REIT
    OHI (16.2%)
    Omega Healthcare Investors
    EPRT (18.1%)
    Essential Properties Realty Trust
    VICI (5.7%)
    VICI Properties
    EPR (11.1%)
    EPR Properties
    NHI (33.8%)
    National Health Investors
    GLPI (9.0%)
    Gaming and Leisure Properties
    LTC (64.1%)
    LTC Properties

    FCF/Rev 3Y Avg (Value for AXR: 21.2%)

    CTRE (96.7%)
    CareTrust REIT
    WPC (84.7%)
    W.P. Carey
    NNN (72.0%)
    NNN REIT
    OHI (71.0%)
    Omega Healthcare Investors
    EPRT (68.3%)
    Essential Properties Realty Trust
    VICI (62.6%)
    VICI Properties
    EPR (62.2%)
    EPR Properties
    NHI (59.8%)
    National Health Investors
    GLPI (57.2%)
    Gaming and Leisure Properties
    LTC (52.3%)
    LTC Properties
    [1] Choosing top 10 best bets from each sector quarterly is an alpha producing strategy vs sector benchmark
    [2] Historical annualized return of 9.6%, alpha of 3.1%, and sharpe of 0.44

    Peer Outperformance in Real Estate Development

    AXR has outperformed 80% of its 5 Real Estate Development peers over 5Y. Real Estate Development ranks 3rd of 12 industries in Real Estate by median 5Y return. That makes it one of the strongest corners of the sector.
    Share of Real Estate Development constituents that AXR has outperformed, by holding period. Peers without a full price history over a given window are excluded from that window.
    1Y
    78%
    of 9 industry peers · 12.0% return
    3Y
    67%
    of 6 industry peers · 39.2% return
    5Y
    80%
    of 5 industry peers · 44.9% return
    No Real Estate Development peer with a comparable growth profile has beaten AXR by more than 20pp over 5Y.
    Median price return by industry across the Real Estate sector, ranked by 5Y. Real Estate Development is AXR's own industry. Use this to see which corners of the sector have carried the returns.
    Industry Names 1Y med3Y med5Y med Top 3 by 5Y
    Health Care REITs 14 20.0%59.7%61.7% WELL 213% · CTRE 127% · DHC 126%
    Retail REITs 22 13.3%37.7%34.4% IVT 1595% · SKT 162% · SPG 103%
    Real Estate Development ← 6 -4.0%10.3%19.2% JOE 49% · AXR 45% · FOR 35%
    Other Specialized REITs 11 6.9%18.5%13.5% IRM 183% · LAMR 68% · EPR 67%
    Hotel & Resort REITs 16 29.2%29.5%5.6% RHP 74% · HST 73% · DRH 53%
    Industrial REITs 11 19.4%18.9%3.3% EGP 25% · FR 25% · PLD 15%
    Diversified REITs 12 10.2%25.8%-7.5% CTO 69% · WPC 20% · LXP 13%
    Multi-Family Residential REITs 13 -2.8%2.8%-18.2% AIV 13% · ESS 0% · BRT -6%
    Single-Family Residential REITs 4 -1.1%1.7%-19.3% AMH -12% · ELS -18% · INVH -20%
    Real Estate Services 26 -12.8%-9.5%-26.6% REAX 853% · MDRR 567% · CHCI 268%
    Office REITs 18 -4.2%17.4%-28.5% PSTL 62% · CDP 55% · SLG 9%
    Telecom Tower REITs 3 -5.9%-8.1%-43.2% AMT -31% · SBAC -43% · CCI -51%
    Median of constituents with a full price history over each window. Top names are unfiltered by size in this render.

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    Peer Comparisons

    Peers to compare with:

    Financials

    AXRDHIPHMLGIHKBHFORMedian
    NameAmrep D.R. Hor.PulteGro.LGI HomesKB Home Forestar  
    Mkt Price22.96144.41124.3154.4752.3127.6853.39
    Mkt Cap0.140.823.51.33.21.42.3
    Rev LTM5333,35016,4071,7065,5041,7253,615
    Op Inc LTM123,8102,55568328214271
    FCF LTM133,2021,512131360283321
    FCF 3Y Avg112,6951,377-127317-35164
    CFO LTM133,3531,626133408284346
    CFO 3Y Avg112,8451,492-125360-34185

    Growth & Margins

    AXRDHIPHMLGIHKBHFORMedian
    NameAmrep D.R. Hor.PulteGro.LGI HomesKB Home Forestar  
    Rev Chg LTM6.3%-3.5%-7.3%-16.7%-17.5%11.8%-5.4%
    Rev Chg 3Y Avg2.9%-1.0%-0.5%-7.3%-7.0%11.0%-0.8%
    Rev Chg Q-1.4%0.0%-9.6%5.7%-27.3%4.2%-0.7%
    QoQ Delta Rev Chg LTM-0.3%0.0%-2.5%1.7%-7.0%1.0%-0.1%
    Op Inc Chg LTM2.4%-22.1%-27.5%-58.5%-52.7%5.7%-24.8%
    Op Inc Chg 3Y Avg30.7%-14.4%-9.9%-28.5%-27.8%6.5%-12.2%
    Op Mgn LTM23.4%11.4%15.6%4.0%6.0%12.4%11.9%
    Op Mgn 3Y Avg20.9%14.1%19.0%7.4%9.2%13.6%13.9%
    QoQ Delta Op Mgn LTM-2.6%-0.3%-0.8%-0.6%-1.3%0.1%-0.7%
    CFO/Rev LTM24.4%10.1%9.9%7.8%7.4%16.5%10.0%
    CFO/Rev 3Y Avg21.9%8.2%8.8%-5.2%5.9%-2.8%7.1%
    FCF/Rev LTM24.2%9.6%9.2%7.7%6.5%16.4%9.4%
    FCF/Rev 3Y Avg21.2%7.8%8.1%-5.3%5.2%-2.9%6.5%

    Valuation

    AXRDHIPHMLGIHKBHFORMedian
    NameAmrep D.R. Hor.PulteGro.LGI HomesKB Home Forestar  
    Mkt Cap0.140.823.51.33.21.42.3
    P/S2.31.21.40.70.60.81.0
    P/Op Inc9.910.79.218.59.86.69.9
    P/EBIT9.910.79.418.59.86.69.9
    P/E11.913.312.319.111.98.312.1
    P/CFO9.512.214.59.57.95.09.5
    Total Yield8.4%8.7%8.9%5.2%10.4%12.0%8.8%
    Dividend Yield0.0%1.2%0.8%0.0%2.0%0.0%0.4%
    FCF Yield 3Y Avg9.5%6.2%5.9%-7.2%7.0%-6.2%6.1%
    D/E0.00.20.11.30.60.60.4
    Net D/E-0.40.10.01.20.60.30.2

    Returns

    AXRDHIPHMLGIHKBHFORMedian
    NameAmrep D.R. Hor.PulteGro.LGI HomesKB Home Forestar  
    1M Rtn0.8%-3.7%-5.6%-11.4%-9.5%-5.7%-5.6%
    3M Rtn-10.9%-1.1%5.4%7.6%0.9%-2.8%-0.1%
    6M Rtn-8.2%-3.1%-3.7%16.3%-9.7%3.8%-3.4%
    12M Rtn12.0%-15.1%-6.0%-13.0%-16.5%0.8%-9.5%
    3Y Rtn39.2%24.0%53.9%-56.7%5.9%-5.4%14.9%
    1M Excs Rtn1.7%-4.7%-6.9%-11.7%-11.2%-6.7%-6.8%
    3M Excs Rtn-13.1%-3.2%3.2%5.5%-1.2%-5.0%-2.2%
    6M Excs Rtn-21.6%-16.5%-17.1%2.9%-23.1%-9.6%-16.8%
    12M Excs Rtn-8.2%-35.3%-26.2%-33.2%-36.6%-19.3%-29.7%
    3Y Excs Rtn-37.2%-45.2%-13.1%-126.8%-61.2%-75.3%-53.2%

    Comparison Analyses

    null

    Financials

    $ Mil | FY: 4/302026Q42026Q32026Q22026Q12025Q42025Q32025Q22025Q12024Q42024Q32024Q22024Q1
    Period End4/30/20261/31/202610/31/20257/31/20254/30/20251/31/202510/31/20247/31/20244/30/20241/31/202410/31/20237/31/2023
    Filing Date7/24/20263/12/202612/12/20259/9/20257/25/20253/7/202512/13/20249/13/20247/23/20243/8/202412/11/20239/13/2023
    Key Financials Quarterly            
    Total Revenue111591811812192013910
    Net Income131541444011
    EPS0.240.590.220.880.730.130.760.770.780.020.210.25
    Key Financials TTM            
    Total Revenue TTM535346485058636051454148
    Net Income TTM101311131313129721921
    Growth Rates Quarterly            
    Total Revenue Growth-1.4%93.8%-21.1%-6.5%-42.8%-40.7%34.5%85.5%53.8%39.2%-45.2%-3.9%
    Net Income Growth-67.9%338.9%-70.3%15.5%-6.1%679.3%264.8%201.9%1407.3%-99.4%-69.4%-29.6%
    Margins Quarterly            
    Net Income Margin11.3%21.6%12.8%26.3%34.8%9.5%33.9%21.3%21.2%0.7%12.5%13.1%
    Cash & Debt            
    Total Cash525045493937404030232222
    Total Debt000000000000
    Net Debt / (Cash)-52-50-45-49-39-37-40-40-30-23-22-22
    Cash Flows Quarterly            
    FCF from Operations25-4103-3-0117202
    Cash Flows TTM            
    FCF from Operations TTM13145910151920111198
    Returns to Shareholders Quarterly            
    Dividends000000000000
    Share Repurchases-0-0-0-0-0-0-0-0-0-0-0-0
    Return on Invested Capital (ROIC) Quarterly            
    ROIC--------303.4%-4.1%30.0%41.5%
    Return on Invested Capital (ROIC) TTM            
    ROIC TTM--------118.8%15.8%14.6%41.8%

    Segment Financials

    Revenue by Segment
    $ Mil20262025202420232022
    Land Development2932373441
    Homebuilding2417151411
    Corporate   07
    Total5350514959


    Operating Income by Segment
    $ Mil20182017200620022001
    Fulfillment Services51   
    Real Estate01   
    Corporate-2-0 -1-2
    Distribution  21-4
    Fulfillment  412
    Real Estate Operations  27  
    Home Building   -0-2
    Land Sales   55
    Total41336-1


    Net Income by Segment
    $ Mil20242023202220212020
    Land Development71315102
    Homebuilding332-0 
    Corporate-35-1-3-8
    Total722167-6


    Assets by Segment
    $ Mil20262025202420232022
    Land Development120106979587
    Homebuilding23231366
    Corporate   142
    Total14212911111695


    Price Behavior

    Price Behavior
    Market Price$22.96 
    Market Cap ($ Bil)0.1 
    First Trading Date05/03/1973 
    Distance from 52W High-19.1% 
       50 Days200 Days
    DMA Price$23.86$24.03
    DMA Trendindeterminatedown
    Distance from DMA-3.8%-4.5%
     3M1YR
    Volatility30.3%45.4%
    Downside Capture-7.3457.40
    Upside Capture-59.3057.65
    Correlation (SPY)-5.5%22.2%
    AXR Betas & Captures as of 8/31/2026

     1M2M3M6M1Y3Y
    Beta-0.25-0.32-0.060.520.800.61
    Up Beta-1.010.450.011.100.990.34
    Down Beta-2.32-0.080.180.571.160.98
    Up Capture29%-84%-32%10%47%28%
    Bmk +ve Days10213268138427
    Stock +ve Days11212955116355
    Down Capture64%-45%0%45%69%82%
    Bmk -ve Days11213259113324
    Stock -ve Days9193369128382

    [1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
    Based On 1-Year Data
    Annualized
    Return    		Annualized
    Volatility    		Sharpe
    Ratio    		Correlation
    with AXR
    AXR12.1%45.4%0.38-
    Sector ETF (XLRE)9.4%14.0%0.4117.2%
    Equity (SPY)21.2%12.8%1.2322.2%
    Gold (GLD)25.1%29.1%0.775.1%
    Commodities (DBC)42.9%20.4%1.640.9%
    Real Estate (VNQ)10.7%13.6%0.5019.0%
    Bitcoin (BTCUSD)-31.0%43.5%-0.7318.1%

    Smart multi-asset allocation framework can stack odds in your favor. Learn How
    Based On 5-Year Data
    Annualized
    Return    		Annualized
    Volatility    		Sharpe
    Ratio    		Correlation
    with AXR
    AXR10.5%50.3%0.38-
    Sector ETF (XLRE)2.2%19.2%0.0214.0%
    Equity (SPY)13.1%17.2%0.5816.8%
    Gold (GLD)19.6%18.8%0.853.7%
    Commodities (DBC)11.0%19.5%0.442.4%
    Real Estate (VNQ)2.0%18.9%0.0014.4%
    Bitcoin (BTCUSD)10.5%52.6%0.3812.9%

    Smart multi-asset allocation framework can stack odds in your favor. Learn How
    Based On 10-Year Data
    Annualized
    Return    		Annualized
    Volatility    		Sharpe
    Ratio    		Correlation
    with AXR
    AXR14.2%48.4%0.46-
    Sector ETF (XLRE)6.4%20.4%0.2712.7%
    Equity (SPY)15.3%17.9%0.7313.7%
    Gold (GLD)12.5%16.3%0.632.6%
    Commodities (DBC)8.0%18.1%0.365.7%
    Real Estate (VNQ)4.9%20.7%0.2013.2%
    Bitcoin (BTCUSD)63.1%66.1%1.034.2%

    Smart multi-asset allocation framework can stack odds in your favor. Learn How

    Short Interest

    Short Interest: As Of Date8142026
    Short Interest: Shares Quantity0.0 Mil
    Short Interest: % Change Since 7312026-6.2%
    Average Daily Volume0.0 Mil
    Days-to-Cover Short Interest1.6 days
    Basic Shares Quantity5.3 Mil
    Short % of Basic Shares0.5%

    Returns Analyses

    Earnings Returns History

    Updated 8/26/2026
    Expand for More
     Forward Returns
    Earnings Date1D Returns5D Returns21D Returns
    7/24/2026-9.1%-8.5%-9.7%
    3/12/20264.4%20.2%18.2%
    12/12/2025-4.5%-6.3%7.8%
    9/9/20254.5%21.9%10.9%
    7/25/2025-6.2%-7.3%-7.6%
    3/7/2025-13.3%-5.5%-19.7%
    12/13/2024-11.2%-12.4%-11.4%
    9/13/202418.8%36.2%32.6%
    ...
    SUMMARY STATS   
    # Positive111515
    # Negative1399
    Median Positive4.4%16.5%10.9%
    Median Negative-5.0%-8.5%-9.7%
    Max Positive18.8%36.2%32.6%
    Max Negative-13.3%-21.6%-19.7%
     Collapse to Preview
     Forward Returns
    Earnings Date1D Returns5D Returns21D Returns
    7/24/2026-9.1%-8.5%-9.7%
    3/12/20264.4%20.2%18.2%
    12/12/2025-4.5%-6.3%7.8%
    9/9/20254.5%21.9%10.9%
    7/25/2025-6.2%-7.3%-7.6%
    3/7/2025-13.3%-5.5%-19.7%
    12/13/2024-11.2%-12.4%-11.4%
    9/13/202418.8%36.2%32.6%
    7/23/2024-0.5%16.7%4.0%
    3/8/20241.9%5.9%-5.3%
    12/11/2023-0.2%2.1%6.1%
    9/13/20232.0%-3.8%-7.1%
    7/25/2023-6.0%-10.1%-14.5%
    3/13/2023-1.6%16.5%26.1%
    12/12/20220.9%11.0%8.5%
    9/7/20222.4%6.9%4.1%
    7/21/20227.5%23.0%24.3%
    3/10/2022-7.3%-21.6%-10.1%
    12/8/2021-2.2%28.8%4.9%
    9/14/2021-5.0%-11.9%-8.1%
    7/27/20215.3%11.3%7.6%
    3/11/202118.3%29.6%31.6%
    12/8/20201.8%9.8%10.9%
    9/9/2020-2.1%6.1%27.3%
    SUMMARY STATS   
    # Positive111515
    # Negative1399
    Median Positive4.4%16.5%10.9%
    Median Negative-5.0%-8.5%-9.7%
    Max Positive18.8%36.2%32.6%
    Max Negative-13.3%-21.6%-19.7%

    SEC Filings

    Expand for More
    Report DateFiling DateFiling
    04/30/202607/24/202610-K
    01/31/202603/12/202610-Q
    10/31/202512/12/202510-Q
    07/31/202509/09/202510-Q
    04/30/202507/25/202510-K
    01/31/202503/07/202510-Q
    10/31/202412/13/202410-Q
    07/31/202409/13/202410-Q
    04/30/202407/23/202410-K
    01/31/202403/08/202410-Q
    10/31/202312/11/202310-Q
    07/31/202309/13/202310-Q
    04/30/202307/25/202310-K
    01/31/202303/13/202310-Q
    10/31/202212/12/202210-Q
    07/31/202209/07/202210-Q
     Collapse to Preview
    Report DateFiling DateFiling
    04/30/202607/24/202610-K
    01/31/202603/12/202610-Q
    10/31/202512/12/202510-Q
    07/31/202509/09/202510-Q
    04/30/202507/25/202510-K
    01/31/202503/07/202510-Q
    10/31/202412/13/202410-Q
    07/31/202409/13/202410-Q
    04/30/202407/23/202410-K
    01/31/202403/08/202410-Q
    10/31/202312/11/202310-Q
    07/31/202309/13/202310-Q
    04/30/202307/25/202310-K
    01/31/202303/13/202310-Q
    10/31/202212/12/202210-Q
    07/31/202209/07/202210-Q
    04/30/202207/21/202210-K
    01/31/202203/10/202210-Q
    10/31/202112/08/202110-Q
    07/31/202109/14/202110-Q
    04/30/202107/27/202110-K
    01/31/202103/11/202110-Q
    10/31/202012/08/202010-Q
    07/31/202009/09/202010-Q
    04/30/202007/27/202010-K
    01/31/202003/09/202010-Q
    10/31/201912/10/201910-Q
    07/31/201909/11/201910-Q

    Insider Activity

    Updated 7/30/2026
    Expand for More
    #OwnerTitleHoldingActionFiling DatePriceSharesTransacted
    Value    		Value of
    Held Shares    		Form
    1Uleau, AdrienneCFO and VPDirectSell730202623.494,00093,960154,423Form
    2Dahl, James HDirectBuy624202625.583,07578,66712,835,045Form
    3Dahl, James HDirectBuy604202626.621,50039,93413,274,907Form
    4Dahl, James HDirectBuy529202626.164,000104,64613,005,745Form
    5Dahl, James HDirectBuy522202624.505,000122,49112,080,871Form
     Collapse to Preview
    #OwnerTitleHoldingActionFiling DatePriceSharesTransacted
    Value    		Value of
    Held Shares    		Form
    1Uleau, AdrienneCFO and VPDirectSell730202623.494,00093,960154,423Form
    2Dahl, James HDirectBuy624202625.583,07578,66712,835,045Form
    3Dahl, James HDirectBuy604202626.621,50039,93413,274,907Form
    4Dahl, James HDirectBuy529202626.164,000104,64613,005,745Form
    5Dahl, James HDirectBuy522202624.505,000122,49112,080,871Form
    6Dahl, James HDirectBuy515202624.721,15628,58112,068,600Form
    7Dahl, James HDirectBuy501202627.853,00083,55013,562,309Form
    8Dahl, James HDirectBuy501202627.745,000138,70613,426,151Form
    9McNaney, Timothy SIRA AccountBuy422202628.171,76549,72049,720Form
    10Dahl, James HDirectBuy420202627.251,51941,39313,052,123Form
    11Dahl, James HDirectBuy420202627.661,00027,65813,205,772Form
    12Dahl, James HDirectBuy402202627.922,06057,52113,304,137Form
    13Dahl, James HDirectBuy327202626.304,000105,21112,477,934Form
    14Dahl, James HDirectBuy304202625.693,20082,22012,086,359Form
    15Dahl, James HDirectBuy227202625.982,00051,96012,137,695Form
    16Dahl, James HDirectBuy227202625.675,000128,35611,942,144Form
    17Dahl, James HDirectBuy219202625.184,000100,71511,554,443Form
    18Dahl, James HDirectBuy219202624.876,842170,18411,314,840Form
    19Dahl, James HDirectBuy212202623.483,00070,45110,419,589Form
    20Dahl, James HDirectBuy212202621.606,124132,2629,517,910Form

    Industry Resources

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    Core Cache Last Updated: 9/3/2026