UNITED STATES
                       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 16, 2007
                                                        ---------------


                                AMREP CORPORATION
--------------------------------------------------------------------------------
               (Exact Name of Registrant as Specified in Charter)


             Oklahoma                     1-4702               59-0936128
-------------------------------      ----------------     --------------------
(State or Other Jurisdiction of      (Commission File        (IRS Employer
 Incorporation or Organization)            Number)       Identification Number)


  300 Alexander Park, Suite 204, Princeton, New Jersey             08540
--------------------------------------------------------------------------------
 (Address of Principal Executive Offices)                       (Zip Code)


Registrant's telephone number, including area code:  (609) 716-8200
                                                    ----------------


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


     Check the  appropriate  box below if the Form 8-K  filing  is  intended  to
simultaneously  satisfy the filing obligation of the registrant under any of the
following provisions (see General Instruction A.2. below):

[  ] Written  communications  pursuant to Rule 425 under the  Securities Act (17
     CFR 230.425)

[  ] Soliciting  material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
     240.14a-12)

[  ] Pre-commencement   communications  pursuant  to  Rule  14d-2(b)  under  the
     Exchange Act (17 CFR 240.14d-2(b))

[  ] Pre-commencement   communications  pursuant  to  Rule  13e-4(c)  under  the
     Exchange Act (17 CFR 240.13e-4(c))






Item 2.02   Results of Operations and Financial Condition.
            ----------------------------------------------

     On July 16, 2007,  AMREP  Corporation  issued a press release that reported
its results of operations for the three and twelve month periods ended April 30,
2007. The press release is being  furnished with this Current Report on Form 8-K
as Exhibit 99.1 and is incorporated herein by reference.

     The information in this Form 8-K and the exhibit  attached hereto shall not
be deemed "filed" for purposes of Section 18 of the  Securities  Exchange Act of
1934, nor shall it be deemed  incorporated  by reference in any filing under the
Securities  Act of 1933,  except as shall be  expressly  set  forth by  specific
reference in such filing.


Item 9.01   Financial Statements and Exhibits.
            ----------------------------------

           (c)      Exhibits:

           99.1 Press Release, dated July 16, 2007, issued by AMREP Corporation.


                                    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 17, 2007                     By:     /s/ Peter M. Pizza
      ---------------                           -----------------------
                                                Peter M. Pizza
                                                Vice President and
                                                Chief Financial Officer


                                      -2-


                                  EXHIBIT INDEX
                                  -------------


Exhibit
Number                         Description
------                         -----------

99.1                           Press  release, dated July 16, 2007, issued by
                               AMREP Corporation.