EXHIBIT 99

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

     In connection with the Annual Report of AMREP  Corporation  (the "Company")
on Form 10-K for the period  ending April 30, 2003 as filed with the  Securities
and  Exchange  Commission  on  the  date  hereof  (the  "Report"),  each  of the
undersigned does hereby certify,  pursuant to 18 U.S.C. Section 1350, as adopted
pursuant to Section 906 of the  Sarbanes-Oxley  Act of 2002, that to the best of
his knowledge:

          (1) The Report fully complies with the  requirements  of section 13(a)
     or 15(d) of the Securities Exchange Act of 1934; and

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

Dated:  July 24, 2003

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

                                                     /s/ James Wall
                                                     --------------
                                                     James Wall*

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

______________

*The  Registrant  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  Registrant has no
chief  executive  officer  and its only  executive  officers  are James H. Wall,
Senior Vice  President and Peter M. Pizza,  Vice President and Michael P. Duloc,
who may be deemed an executive officer by reason of his position with Kable.

     A signed  original of this  written  statement  required by Section 906 has
been provided to AMREP Corporation and will be retained by AMREP Corporation and
furnished to the Securities and Exchange Commission or its staff upon request.