AMREP Corporation is engaged in two principal businesses: land development and media services operations, with the latter consisting primarily of fulfillment and newsstand distribution services. The Company, through its subsidiary AMREP Southwest Inc. is a landholder and developer of real estate in Rio Rancho, New Mexico. It is the founder of Rio Rancho, which is the third largest city in New Mexico, and the current focus of its activity there is on the entitlement, development and sale of land for residential, commercial and industrial uses. Through its Kable Media Services, Inc. subsidiary, the Company provides an array of fulfillment services for publishers and others, and distributes magazines.
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