EXHIBIT 32

                                  CERTIFICATION

          In connection  with the  Quarterly  Report of AMREP  Corporation  (the
     "Company")  on Form 10-Q for the period  ending  January  31, 2004 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:  March 10, 2004                              /s/ Peter M. Pizza
        --------------                              -------------------
                                                    Peter M. Pizza
                                                    Vice President and
                                                    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").  James Wall is the principal executive officer of ASW,
and Michael P. Duloc is the principal executive officer of Kable. The Registrant
has no chief executive  officer and its only executive  officers are James Wall,
Senior Vice  President and Peter M. Pizza,  Vice  President and Chief  Financial
Officer,  and Michael P. Duloc, who may be deemed an executive officer by reason
of his position with Kable.