Amrep is an American land development and media services company that operates through two subsidiaries, AMREP Southwest Inc. and Kable Media Services Inc. The company purchased 55,000 acres of land just north of Albuquerque, New Mexico, shortly after its incorporation and dubbed the new town Rio Rancho, New Mexico. The company is also a component of the Russell Microcap Index. The company has a market capitalization of $52.28 million; as of Oct. 16, it traded at $13.80.