Securities and Exchange Commission s16

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Securities and Exchange Commission s16

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): September 14, 2015

AMREP CORPORATION (Exact name of Registrant as specified in its charter)

Oklahoma 1-4702 59-0936128 (State or other jurisdiction of (Commission File (IRS Employer incorporation) Number) Identification No.)

300 Alexander Park, Suite 204, Princeton, New 08540 Jersey (Address of principal executive offices) (Zip Code)

Registrant's telephone number, including area code: (609) 716-8200

Not Applicable (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 September 14, 2015, AMREP Corporation issued a press release that reported its results of operations for the three month period ended July 31, 2015. 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.

(d) Exhibits.

Exhibit Number Description 99.1 Press Release, dated September 14, 2015, issued by AMREP Corporation. SIGNATURES

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: September 14, 2015 By : /s/ Peter M. Pizza Peter M. Pizza Vice President and Chief Financial Officer EXHIBIT INDEX

Exhibit Number Description 99.1 Press Release, dated September 14, 2015, issued by AMREP Corporation. Exhibit 99.1

FOR: AMREP Corporation 300 Alexander Park, Suite 204 Princeton, NJ 08540

CONTACT: Peter M. Pizza Vice President and Chief Financial Officer (609) 716-8210

AMREP REPORTS FIRST QUARTER FISCAL 2016 RESULTS

Princeton, New Jersey, September 14, 2015 – AMREP Corporation (the “Company”) (NYSE: AXR) today reported a net loss of $1,179,000, or $0.15 per share, for its 2016 fiscal first quarter ended July 31, 2015 compared to net income of $6,264,000, or $0.82 per share, for the first quarter of fiscal year 2015 ended July 31, 2014. The results for the prior year consisted of (i) a net loss from continuing operations of $636,000, or $0.08 per share, which included a non-cash impairment charge of $925,000 ($583,000 after tax, or $0.08 per share) reflecting the discontinuance of the development of certain software in the Company’s Fulfillment Services business, and (ii) net income from discontinued operations of $6,900,000, or $0.90 per share, which included a pre-tax gain of $11,155,000 ($7,028,000 after tax, or $0.92 per share) from a settlement agreement with a major customer in the Company’s former Newsstand Distribution Services business. Revenues from continuing operations were $9,575,000 for the first quarter of 2016 compared to $12,321,000 for the same period in the prior year.

Prior to fiscal 2016, the Company had been engaged in the Newsstand Distribution Services, Product Packaging and Fulfillment Services and Staffing Services businesses. These businesses were sold during the fourth quarter of fiscal 2015, and their operations have been classified as “discontinued operations” in the Company’s financial statements. Financial information for prior periods has been reclassified to conform to this presentation.

AMREP Corporation, through its subsidiaries, is primarily engaged in two business segments: its Fulfillment Services business operated by Palm Coast Data LLC and its subsidiary, FulCircle Media, LLC, provides subscription fulfillment and related services to publishers and others, and its Real Estate business operated by AMREP Southwest Inc. and its subsidiaries is a major holder of real estate in the Rio Rancho, New Mexico area.

**** AMREP CORPORATION AND SUBSIDIARIES FINANCIAL HIGHLIGHTS

Three Months Ended July 31,

2015 2014

Revenues $ 9,575,000 $ 12,321,000

Net income (loss): Continuing Operations $ (1,179,000) $ (636,000) Discontinued Operations $ - $ 6,900,000 $ (1,179,000) $ 6,264,000

Earnings (loss) per share – Basic and Diluted: Continuing Operations $ (0.15) $ (0.08) Discontinued Operations $ - $ 0.90 $ (0.15) $ 0.82

Weighted average number of common shares outstanding 8,029,000 7,599,000

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