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): September 15, 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  September 15,  2003  issued  by  AMREP
                    Corporation.

ITEM 12. Results of Operations and Financial Condition.
         ---------------------------------------------
     On  September  15,  2003  AMREP  Corporation  issued a press  release  that
reported its results of operations for the three months ending July 31, 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




                                    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:  September 17, 2003                 By: /s/ Peter M. Pizza
                                              ------------------
                                          Peter M. Pizza
                                          Vice President and
                                          Chief Financial Officer






                                  Exhibit Index


Exhibit No.                                  Exhibit
----------                                   -------
   99.1                         Text of Press Release Issued September 15, 2003.