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 14, 2004
                                                         ---------------------

                                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  14,  2004  issued  by  AMREP
               Corporation.


ITEM 12.  Results of Operations and Financial Condition.
          ----------------------------------------------

          On September  14, 2004 AMREP  Corporation  issued a press release that
     reported its results of  operations  for the three  months  ending July 31,
     2004 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 14, 2004            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 14, 2004.