EXHIBIT 99.1

                            CERTIFICATION PURSUANT TO
                             18 U.S.C. SECTION 1350
                          AS ENACTED BY SECTION 906 OF
                         THE SARBANES-OXLEY ACT OF 2002

     In connection with the accompanying  Quarterly Report of AMREP  Corporation
(the "Company") on Form 10-Q for the period ending July 31, 2002 (the "Report"),
each of the undersigned does hereby certify that, to the best of his knowledge:

(1)  The Report fully  complies  with the  requirements  of Section 13(a) of the
     Securities Exchange Act of 1934, as amended; and

(2)  The information  contained in the Report fairly  presents,  in all material
     respects, the financial condition and results of operation of the Company.


                                              /s/ Peter M. Pizza
                                              ----------------------------------
                                              Peter M. Pizza
                                              Title:  Chief Financial Officer

                                              /s/ Michael P. Duloc
                                              ----------------------------------
                                              Michael P. Duloc
                                              Title:  *

                                              /s/ James Wall
                                              ----------------------------------
                                              James Wall
                                              Title:  *

________________________
* The Company is a holding company which does  substantially all of its business
through  two  wholly-owned   subsidiaries   (and  their   subsidiaries).   Those
wholly-owned  subsidiaries  are AMREP  Southwest  Inc.  ("ASW")  and Kable  News
Company, Inc. ("Kable"). Mr. Wall is the principal executive officer of ASW, and
Mr. Duloc is the principal  executive officer of Kable. The Company has no chief
executive  officer and its only  executive  officers are James Wall and Peter M.
Pizza.  Mr. Wall is a Vice  President  of the  Company  and Mr.  Pizza is a Vice
President and Chief Financial Officer of the Company.