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): December 5, 2006
                                                         ----------------


                                AMREP CORPORATION
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               (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
                                                     --------------



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          (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 December 5, 2006, AMREP Corporation issued a press release that reported
its results of operations  for the six and three month periods ended October 31,
2006. 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 December 5, 2006, 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: December 7, 2006                   By:   /s/ Peter M. Pizza
      ----------------                         ------------------
                                               Peter M. Pizza
                                               Vice President and
                                               Chief Financial Officer


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


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

99.1                 Press release, dated December 5, 2006, issued by
                     AMREP Corporation.


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