<ARTICLE>                          5
<LEGEND>                        
                                   FDS - 2ND QUARTER
</LEGEND>                       
<CIK>                              0000006207
<NAME>                             AMREP CORPORATION
<MULTIPLIER>                            1,000
<CURRENCY>                          U.S. DOLLARS
                                    
                                   
<PERIOD-TYPE>                       6-MOS
<FISCAL-YEAR-END>                   APR-30-1999
<PERIOD-START>                      MAY-01-1998
<PERIOD-END>                        OCT-31-1998
<EXCHANGE-RATE>                             1
<CASH>                                 12,121
<SECURITIES>                                0
<RECEIVABLES>                          73,186
<ALLOWANCES>                                0
<INVENTORY>                           107,847
<CURRENT-ASSETS>                            0
<PP&E>                                 32,100
<DEPRECIATION>                         14,179
<TOTAL-ASSETS>                        232,045
<CURRENT-LIABILITIES>                       0
<BONDS>                                52,643
<PREFERRED-MANDATORY>                       0
<PREFERRED>                                 0
<COMMON>                                  740
<OTHER-SE>                             86,523
<TOTAL-LIABILITY-AND-EQUITY>          232,045
<SALES>                                49,972
<TOTAL-REVENUES>                       82,153
<CGS>                                  33,250
<TOTAL-COSTS>                          63,271
<OTHER-EXPENSES>                            0
<LOSS-PROVISION>                            0
<INTEREST-EXPENSE>                      2,389
<INCOME-PRETAX>                         5,372
<INCOME-TAX>                            2,149
<INCOME-CONTINUING>                     3,223
<DISCONTINUED>                              0
<EXTRAORDINARY>                             0
<CHANGES>                                   0
<NET-INCOME>                            3,223
<EPS-PRIMARY>                            0.44
<EPS-DILUTED>                               0