Exhibit 21

SUBSIDIARIES OF REGISTRANT

Name					Jurisdiction of Organization
AMREP Corporation (Registrant)					Oklahoma
	American Republic Investment Co.				Delaware
		AMREP Southwest Inc.			New Mexico
			Outer Rim Investments, Inc.		New Mexico
				Two Commerce LLC	Florida
			AMREPCO Inc.		Colorado
			Las Fuentes Village II, LLC		New Mexico
			Lomas Encantadas Development Company, LLC		New Mexico
			Hawksite 27 Development Company, LLC		New Mexico
			Enchanted Hills Development Company, LLC		New Mexico
			Southwest Mineral Company, LLC		New Mexico
		Commerce Blvd Holdings, LLC			Florida
		Palm Coast Data Holdco, Inc.			Delaware

Certain subsidiaries have been omitted from this list. These subsidiaries, when considered in the aggregate as a single subsidiary, do not constitute a significant subsidiary as defined in Rule 1-02(w) of Regulation S-X.