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
			AMREPCO Inc.		Colorado
			Las Fuentes Village II, LLC		New Mexico
			Las Fuentes Village III, 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
​	​	​	Clean Slate Properties, LLC		New Mexico
​	​	​	Butterfly Holdings, LLC		New Mexico
​	​	​	Amreston Homes LLC		New Mexico
​	​	​	Amreston Construction LLC		New Mexico
​	​	​	Mountain Hawk East Development Company LLC		New Mexico
​	​	​	Mountain Hawk West Development Company LLC		New Mexico
​	​	​	Tierra Feliz Development Company LLC		New Mexico
​	​	​	Lavender Fields, LLC		New Mexico
​	​	​	Sol Oeste LLC		New Mexico
​	​	​	Pueblo del Sol, LLC		New Mexico
​	​	​	Wymont LLC		New Mexico
​	​	​	Arroyos LLC		New Mexico
​	​	​	Rioscapes, LLC		New Mexico
​	​	​	Resurrection Land Company, LLC		New Mexico
​	​	​	Corner Office, LLC		New Mexico
​	​	​	Roentgen Wellspring LLC		New Mexico
​	​	PCD ARIC Holdco LLC			Delaware

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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.