<ARTICLE>                      5
<LEGEND>
                               FDS - 1ST QUARTER

<CIK>                          0000006207
<NAME>                         AMREP CORPORATION
<MULTIPLIER>                      1,000
<CURRENCY>                     U.S. DOLLARS

                              
<PERIOD-TYPE>                  3-MOS
<FISCAL-YEAR-END>              APR-30-2001
<PERIOD-START>                 MAY-01-2000
<PERIOD-END>                   JUL-31-2000
<EXCHANGE-RATE>                       1
<CASH>                           11,397
<SECURITIES>                          0
<RECEIVABLES>                    55,236
<ALLOWANCES>                          0
<INVENTORY>                      72,045
<CURRENT-ASSETS>                      0
<PP&E>                           32,114
<DEPRECIATION>                   14,512
<TOTAL-ASSETS>                  172,445
<CURRENT-LIABILITIES>                 0
<BONDS>                          38,827
<PREFERRED-MANDATORY>                 0
<PREFERRED>                           0
<COMMON>                            740
<OTHER-SE>                       86,772
<TOTAL-LIABILITY-AND-EQUITY>    172,445
<SALES>                           4,984
<TOTAL-REVENUES>                 18,210
<CGS>                             3,563
<TOTAL-COSTS>                    14,645
<OTHER-EXPENSES>                      0
<LOSS-PROVISION>                      0
<INTEREST-EXPENSE>                  818
<INCOME-PRETAX>                    (356)
<INCOME-TAX>                       (142)
<INCOME-CONTINUING>                (214)
<DISCONTINUED>                        0
<EXTRAORDINARY>                       0
<CHANGES>                             0
<NET-INCOME>                       (214)
<EPS-BASIC>                        (.03)
<EPS-DILUTED>                      (.03)