SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C. 20549


                                    FORM 8-K


                                 CURRENT REPORT


                     PURSUANT TO SECTION 13 OR 15(d) OF THE
                         SECURITIES EXCHANGE ACT OF 1934

        Date of report (Date of earliest event reported): July 9, 2003
                                                          ------------


                                AMREP CORPORATION
                                -----------------
             (Exact name of registrant as specified in its Charter)



            Oklahoma                   1-4702                 59-0936128
            --------                   ------                 ----------
(State or other jurisdiction of     (Commission             (IRS Employer
incorporation or organization)      File Number)          Identification No.)





                 641 Lexington Avenue, New York, New York 10022
                 ----------------------------------------------
               (Address of principal executive offices) (Zip Code)




       Registrant's telephone number, including area code: (212) 705-4700
                                                           --------------


                                 Not Applicable
                                 --------------
                       (Former Name or Former Address, if
                           Changed Since Last Report)








Item 7.  Financial Statements and Exhibits.

               (c)  Exhibits:

               99.1 Press   Release   dated   July  9,  2003   issued  by  AMREP
                    Corporation.

Item 9.  Regulation FD Disclosure.

     In accordance with Securities and Exchange Commission Release No. 34-47583,
the  following  information,  which is intended to be  furnished  under Item 12,
"Results of Operations  and  Financial  Condition,"  is instead being  furnished
under Item 9, "Regulation FD Disclosure."

     On July 9, 2003 AMREP Corporation  issued a press release that reported its
results of  operations  for the three months and twelve  months ending April 30,
2003 and its  financial  condition  at that  date.  The text of that  release is
attached  as  Exhibit  99.1 to this  Report.  This  Report and its  Exhibit  are
furnished to, and not filed with, the  Commission.  The information in the first
four  paragraphs of Exhibit 99.1 contains  information  required to be furnished
under this Item 12.



                                    Signature


Pursuant  to the  requirements  of the  Securities  Exchange  Act of  1934,  the
Registrant  has duly  caused  this  report  to be  signed  on its  behalf by the
undersigned hereunto duly authorized.

                                                         AMREP Corporation

Date:  July 11, 2003                                     By: /s/ Peter M. Pizza
                                                         ----------------------
                                                         Peter M. Pizza
                                                         Vice President and
                                                         Chief Financial Officer



                                       2


                                  Exhibit Index


Exhibit No.                                            Exhibit

   99.1                               Text of Press Release issued July 9, 2003.