EXHIBIT 23.2

Consent of Independent Auditors

We consent to the use of our report dated November 29, 2006, with respect to the consolidated balance sheet of Palm Coast Data Holdco, Inc. and its subsidiary as of June 30, 2006, and the related consolidated statement of operations, shareholders’ equity, and cash flows for the period from August 10, 2005 (date of inception) to June 30, 2006, and our report dated November 15, 2006 with respect to the consolidated balance sheets of Palm Coast Data Holdings L.L.C. and its subsidiary as of August 9, 2005 and December 31, 2004, and the related consolidated statements of income and comprehensive income, members’ equity, and cash flows for the period from January 1, 2005 to August 9, 2005 and the years ended December 31, 2004 and 2003, incorporated herein by reference and to the reference to our firm under the heading “Experts” in the registration statement of AMREP Corporation.

Our report dated November 15, 2006 on the consolidated financial statements of Palm Coast Data Holdings L.L.C. contains an explanatory paragraph that states that the members’ units of Palm Coast Data Holdings L.L.C. were acquired by Palm Coast Data Holdco, Inc. on August 9, 2005.

/s/ KPMG LLP

St. Louis, Missouri
April 26, 2007