AMREP Corporation was organized in 1961 and, through its subsidiaries, is engaged in two principal businesses: land development and media services operations, with the latter consisting primarily of subscription fulfillment, newsstand distribution and product fulfillment services.

The Company, through its AMREP Southwest Inc. subsidiary, is a major landholder and leading 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 Media Services operations, the Company provides an array of fulfillment services for publishers and others, and distributes magazines. The Palm Coast Data subsidiary performs subscription fulfillment and related activities, including graphic arts and lettershop services, call centers and list services, and is the second largest provider of subscription fulfillment services to magazine publishers in the United States with a client roster that includes nearly 600 of the United States' leading magazines and membership organizations. The Kable Distribution Services business provides back-office newsstand distribution and marketing services for publishers for the distribution to wholesalers and others of magazines in almost every editorial category, while the Kable Product Fulfillment Services business fills orders on behalf of publishers and others and provides specialty packaging services to a variety of businesses. The Company also conducts a temporary staffing business.

AMREP Corporation has been listed on the New York Stock Exchange, symbol "AXR", since 1972. The Company's corporate headquarters are in Princeton, New Jersey; AMREP Southwest's real estate business is located in Rio Rancho, New Mexico; Palm Coast Data's business is based in Palm Coast, Florida, Kable's Newsstand Distribution Services business is headquartered in New York City with operations in Mount Morris, Illinois, and Kable's Product Fulfillment Services and temporary staffing businesses are based in Fairfield, Ohio.