U.S. SECURITIES AND EXCHANGE COMMISSION

                             WASHINGTON, D.C. 20549

                                   FORM 10-QSB

(Mark One)

[X]          QUARTERLY REPORT PURSUANT TO SECTION  13 OR 15(d) OF THE SECURITIES
             EXCHANGE ACT OF 1934

             For the quarterly period ended:  March 31, 2003
                                              --------------

                                       OR

[ ]          TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES
             EXCHANGE ACT OF 1934

                           Commission File No.: 1-7986
                                                ------

                          Kent Financial Services, Inc.
                          -----------------------------
        (Exact name of small business issuer as specified in its charter)

          Delaware                                               75-1695953
          --------                                               ----------
(State or other jurisdiction of                               (I.R.S. Employer
incorporation or organization)                               Identification No.)

           376 Main Street, P.O. Box 74, Bedminster, New Jersey 07921
           ----------------------------------------------------------
                    (Address of principal executive offices)

                                 (908) 234-0078
                                 --------------
                           (Issuer's telephone number)

                                       N/A
                                       ---
              (Former name, former address and former fiscal year,
                          if changed since last report)

     Check  whether  the issuer (1) filed all  reports  required  to be filed by
Section 13 or 15(d) of the  Exchange  Act during the past 12 months (or for such
shorter period that the issuer was required to file such  reports),  and (2) has
been subject to such filing requirements for the past 90 days.
Yes  X   No
   -----   -----

     State the number of shares  outstanding of each of the issuer's  classes of
common  stock:  As of April 30,  2003,  the issuer had  1,651,748  shares of its
common stock, par value $.10 per share, outstanding.

     Transitional Small Business Disclosure Format (check one).
                                    Yes      No  X
                                       -----   -----

<PAGE>

PART I  -  FINANCIAL INFORMATION
------     ---------------------
Item 1. -  Financial Statements
-------    --------------------

                 KENT FINANCIAL SERVICES, INC. AND SUBSIDIARIES
                      CONDENSED CONSOLIDATED BALANCE SHEET
                                 March 31, 2003
                                   (UNAUDITED)
                                 ($000 Omitted)

ASSETS
------

Cash and cash equivalents                                              $    630
Securities owned                                                          8,089
Receivable from clearing broker                                             301
Property and equipment:
  Land and building                                                       1,447
  Office furniture and equipment                                            281
                                                                       --------
                                                                          1,728
  Accumulated depreciation                                            (     716)
                                                                       --------
  Net property and equipment                                              1,012
                                                                       --------
Other assets                                                                 30
                                                                       --------
    Total assets                                                       $ 10,062
                                                                       ========
LIABILITIES AND STOCKHOLDERS' EQUITY
------------------------------------

Liabilities:

Securities sold, not yet purchased                                     $      2
Accounts payable and accrued expenses                                       863
Mortgage payable                                                            667
Accrual for previously discontinued operations                              166
                                                                       --------
    Total liabilities                                                     1,698
                                                                       --------
Contingent liabilities

Stockholders' equity:

Preferred stock without par value, 500,000
  shares authorized; none outstanding                                         -
Common stock, $.10 par value, 4,000,000
  shares authorized; 1,651,748 outstanding                                  165
Additional paid-in capital                                               13,600
Accumulated deficit                                                   (   5,401)
                                                                       --------
    Total stockholders' equity                                            8,364
                                                                       --------
    Total liabilities and stockholders' equity                         $ 10,062
                                                                       ========


     See accompanying notes to condensed consolidated financial statements.


                                       2

<PAGE>

                 KENT FINANCIAL SERVICES, INC. AND SUBSIDIARIES
                 CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS
                                   (UNAUDITED)
                      ($000 Omitted, except per share data)

                                                          Three Months Ended
                                                               March 31,
                                                          ------------------
                                                           2003        2002
                                                          ------      ------
Revenues:

  Brokerage commissions and fees                          $  378      $  204
  Principal transactions:
    Trading                                                   23          69
    Investing losses                                     (   126)    (   257)
  Management fee income                                       57          46
  Interest, dividends and other                               68         216
                                                          ------      ------
                                                             400         278
                                                          ------      ------

Expenses:
  Brokerage                                                  259         208
  General, administrative and other                          465         427
  Interest                                                    16          70
                                                          ------      ------
                                                             740         705
                                                          ------      ------

Loss before income taxes                                 (   340)    (   427)
Provision (benefit) for income taxes                     (     1)          3
                                                          ------      ------
Net loss                                                 ($  339)    ($  430)
                                                          ======      ======
Basic and diluted net loss per
  common share                                           ($  .20)    ($  .25)
                                                          ======      ======
Weighted average number of common
  shares outstanding (in 000's)                            1,658       1,689
                                                          ======      ======












     See accompanying notes to condensed consolidated financial statements.


                                       3

<PAGE>

                 KENT FINANCIAL SERVICES, INC. AND SUBSIDIARIES
                 CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS
                                   (UNAUDITED)
                                 ($000 Omitted)

                                                            Three Months Ended
                                                                 March 31,
                                                            ------------------
                                                             2003        2002
                                                            ------      ------

Cash flows from operating activities:
  Net loss                                                ($   339)   ($   430)
  Adjustments to reconcile net
   loss to net cash provided by (used in)
   operating activities:
     Depreciation and amortization                               9          11
     Change in unrealized gains (losses) on
      securities owned                                         139         259
Changes in operating assets and liabilities:
   Change in securities owned                                  738    (    303)
   Change in receivable from clearing broker              (    193)        389
   Change in accounts payable and
    accrued expenses                                      (     31)   (     66)
   Other, net                                                    8           -
                                                           -------     -------
   Net cash provided by (used in) operating activities         331    (    140)
                                                           -------     -------
Cash flows from financing activities:
  Purchase of common stock                                (     26)   (      1)
  Scheduled mortgage payments                             (      3)   (      3)
                                                           -------     -------
   Net cash used in financing activities                  (     29)   (      4)
                                                           -------     -------

Net increase (decrease) in cash and cash equivalents           302    (    144)
Cash and cash equivalents at
 beginning of period                                           328       3,570
                                                           -------     -------
Cash and cash equivalents at
 end of period                                             $   630     $ 3,426
                                                           =======     =======

Supplemental disclosure of cash flow information:
  Cash paid for:
    Interest                                               $    16     $    70
                                                           =======     =======
    Taxes                                                  $     2     $     3
                                                           =======     =======





     See accompanying notes to condensed consolidated financial statements.


                                       4

<PAGE>

                 KENT FINANCIAL SERVICES, INC. AND SUBSIDIARIES
              NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS
                             March 31, 2003 AND 2002
                                   (UNAUDITED)

1.   Basis of Presentation
     ---------------------

     The  accompanying  unaudited  consolidated  financial  statements  of  Kent
Financial  Services,  Inc. and subsidiaries (the "Company") as of March 31, 2003
and for the three  month  periods  ended  March 31,  2003 and 2002  reflect  all
material adjustments  consisting of only normal recurring  adjustments which, in
the opinion of management,  are necessary for a fair presentation of results for
the interim periods. Certain information and footnote disclosures required under
accounting  principles  generally  accepted in the United States of America have
been  condensed  or  omitted  pursuant  to  the  rules  and  regulations  of the
Securities  and  Exchange  Commission,  although the Company  believes  that the
disclosures are adequate to make the information presented not misleading. These
consolidated  financial  statements  should  be read  in  conjunction  with  the
consolidated  financial  statements and notes thereto  included in the Company's
Annual Report on Form 10-KSB for the year ended  December 31, 2002 as filed with
the Securities and Exchange Commission.

     The  preparation  of financial  statements  in conformity  with  accounting
principles   generally  accepted  in  the  United  States  of  America  requires
management to make estimates and assumptions that affect the reported amounts of
assets and  liabilities  and disclosure of contingent  assets and liabilities at
the date of the financial  statements  and the reported  amounts of revenues and
expenses  during the reporting  period.  Actual  results could differ from those
estimates.

     The results of  operations  for the three  months  ended March 31, 2003 and
2002 are not necessarily indicative of the results to be expected for the entire
year or for any other period.

2.   Business
     --------

     The Company's  business is comprised  principally  of the operation of T.R.
Winston & Company, Inc.  ("Winston"),  a wholly-owned  subsidiary.  Winston is a
licensed securities broker-dealer and is a member of the National Association of
Securities Dealers,  Inc., and the Securities  Investor Protection  Corporation.
All safekeeping,  cashiering,  and customer account  maintenance  activities are
provided  by  an  unrelated  broker-dealer  pursuant  to a  clearing  agreement.
Pursuant to the net capital provisions of Rule 15c3-1 of the Securities Exchange
Act of 1934,  Winston is required to maintain minimum net capital.  At March 31,
2003, Winston had net capital, as defined, of approximately $206,000,  which was
approximately $106,000 in excess of the required minimum.



                                       5

<PAGE>

     The Company also invests through its wholly-owned  subsidiary,  Asset Value
Fund Limited  Partnership  ("AVF").  AVF principally selects investments using a
value based approach. At March 31, 2003, AVF owned more than 5% of the following
securities:

                                                                   Percentage
                              Description of Business              Ownership
                              -----------------------              ----------

Cortech, Inc.                 Manages its technology portfolio         44%
                              and is seeking an acquisition of
                              an operating business

General Devices, Inc.         Seeks to acquire an operating            38%
                              business

Gish Biomedical, Inc.         Manufactures medical devices             16%
  (See Note 3.)

Dewey Electronics Corp        Manufactures electronic and              10%
                              eletromechanical devices for
                              the military

Star Buffet, Inc.             Operates restaurants                      9%

GolfRounds.com, Inc.          Seeks to acquire an operating             5%
                              business

3.   Securities owned and securities sold, not yet purchased
     -------------------------------------------------------

     Securities   owned  consist  of  portfolio   positions   held  for  capital
appreciation,  all of which are  valued at fair  value.  The fair  values of the
portfolio  positions  generally  are based on listed  market  prices.  If listed
market prices are not indicative of fair value or if  liquidating  the Company's
position  would  reasonably be expected to impact market  prices,  fair value is
determined  based on other  relevant  factors.  Among the factors  considered by
management  in  determining  fair  value  of the  portfolio  positions  are  the
financial condition,  asset composition and operating results of the issuer, the
long-term business potential of the issuer and other factors generally pertinent
to the valuation of investments. The fair value of these investments are subject
to a high degree of volatility and may be susceptible to significant fluctuation
in the near term.








                                       6

<PAGE>

     Securities  owned and  securities  sold,  not yet purchased as of March 31,
2003, consist of the following (in 000's):

                                                                     Sold
                                                                    Not Yet
                                                    Owned          Purchased
                                                    -----          ---------
Marketable equity securities:
  Portfolio positions of
   greater than 5% of
    outstanding common stock:
      Cortech, Inc. (1,598,238 shares)             $ 5,226          $    -
      Gish Biomedical, Inc. (590,400 shares)           685               -
      Star Buffet, Inc. (256,000 shares)               563               -
      Dewey Electronics Corp. (139,366 shares)         534               -
      General Devices, Inc. (866,558 shares)           139               -
      GolfRounds.com, Inc. (189,600 shares)             99               -
  All other portfolio positions                        703               -
  Held for resale to customers                         140               2
                                                   -------          ------
      Fair value                                   $ 8,089          $    2
                                                   =======          ======

     Securities  owned which are not valued at listed market prices at March 31,
2003 amounted to $6,149,000.

     On April 7, 2003, stockholders of Gish Biomedical, Inc., ("Gish") exchanged
shares of common stock of Gish for 1.3422  shares of common stock of  CardioTech
International,  Inc., ("CardioTech").  As a result Gish was merged with and into
CardioTech  with  CardioTech  being  the  successor.  In  this  transaction  AVF
exchanged  its 590,400 Gish shares for 792,434  CardioTech  shares  representing
approximately  6% of the successor  company.  Subsequently  AVF sold  CardioTech
shares reducing its holdings below 5%.

4.   Income taxes
     ------------

     The  components  of income  tax  expense  (benefit)  are as  follows  ($000
Omitted):

                                                    Three Months Ended
                                                         March 31,
                                                    ------------------
                                                     2003        2002
                                                    ------      ------

                 Federal - Current                   $  -        $  -
                 State - Current                    (   1)          3
                 Deferred                               -           -
                                                     ----        ----

                 Total                              ($  1)       $  3
                                                     ====        ====





                                       7

<PAGE>

     Total income tax expense for the three months ended March 31, 2003 and 2002
is different  from the amounts  computed by multiplying  total  earnings  (loss)
before income taxes by the statutory Federal income tax rate of 34%. The reasons
for these differences and the related tax effects are:

                                                          Three Months Ended
                                                               March 31,
                                                          ------------------
                                                           2003        2002
                                                          ------      ------

Income tax expense computed at
  statutory rates on total earnings
    (loss) before income taxes                            ($ 116)     ($ 146)
Increase (decrease) in tax from:
  Valuation allowance on net operating
    loss carryforward                                        116         146
  State income tax (benefit), net of Federal
    Benefit                                               (    1)          3
                                                           -----       -----

      Total                                               ($   1)      $   3
                                                           =====       =====

5.   Capital Stock Activity
     ----------------------

     Common Stock Repurchases
     ------------------------

     In March 2001,  the Board of Directors  approved a plan to repurchase up to
150,000 shares of the Company's  common stock at prices deemed  favorable in the
open  market  or  in  privately   negotiated   transactions  subject  to  market
conditions,  the Company's  financial position and other  considerations  ("2001
Plan").  As of March  31,  2003,  45,439  shares  under  the 2001 Plan have been
repurchased,  canceled  and  returned to the status of  authorized  but unissued
shares.











                                       8

<PAGE>

Item 2.  -  Management's Discussion and Analysis of Financial Condition and
-------     ---------------------------------------------------------------
            Results of Operations
            ---------------------

Liquidity and Capital Resources

     Kent Financial Services, Inc. (the "Company") had cash and cash equivalents
(U.S.  Treasury  bills  with an  original  maturity  of ninety  days or less) of
approximately $630,000 and securities owned of approximately $8 million at March
31, 2003.  Substantially  all  securities  are owned by Asset Value Fund Limited
Partnership. Securities carried at fair value of $6,149,000 were valued based on
management's  estimates.  These  securities  are  subject  to a high  degree  of
volatility and may be  susceptible to significant  fluctuation in the near term.
The remainder of the securities owned are valued at quoted market prices.

     Net cash  provided by  operations  was  $331,000 in the three  months ended
March 31, 2003  compared to the net cash used in  operations  of $140,000 in the
comparable  period of 2002.  Net cash  provided by  operations  during the three
months ended March 31, 2003 was principally  from the sale of securities  offset
by the net loss for the quarter.  Net cash used in  operations  during the three
months  ended  March 31,  2002 was  principally  from the net loss offset by the
change in  receiveable  from  clearing  broker.

     Net cash used in  financing  activities  of $29,000 and $4,000 in the three
month periods ended March 31, 2003 and 2002, respectively,  was comprised of the
purchase of the Company's  common stock,  which was  subsequently  retired,  and
payments on the  mortgage  loan  collateralized  by the  Company's  headquarters
building.

     The  Company   believes  that  its  liquidity  is  sufficient   for  future
operations.

Results of Operations
---------------------

     The Company had a net loss of $339,000,  or $.20 basic and diluted loss per
share,  for the three  months  ended  March 31,  2003  compared to a net loss of
$430,000 or $.25 basic and diluted loss per share, for the comparable  period in
2002.

     Total brokerage  income  (consisting of brokerage  commissions and fees and
trading  gains) for the three  months  ended  March 31,  2003 was  $401,000,  an
increase of $128,000, or 47%, from approximately $273,000 in the comparable 2002
period. Brokerage expenses (including all fixed and variable expenses) increased
by  $51,000,  or 25%,  from  $208,000 in the quarter  ended March 31,  2002,  to
$259,000 for the three months ended March 31,  2003.  Net  brokerage  income was
$142,000  for the three  months  ended  March 31,  2003 and $65,000 for the same
period in 2002, an increase of $77,000 or 118%.





                                       9

<PAGE>

     During the first quarter of 2003,  Winston  acted as placement  agent for a
real estate  exchange  program and received fees of $195,000.  No such fees were
received in the first quarter of 2002.  These  placement  fees accounted for the
increase in brokerage  commissions and fees of $174,000 during the quarter ended
March 31, 2003  compared to the same quarter in 2002, however,  were offset by a
decline in traditional brokerage commissions.  The increase in brokerage expense
for the quarter ended March 31, 2003 compared to the comparable  quarter of 2002
was due to the commission  expense associated with the net increase in brokerage
commissions and fees.

     Net  investing  losses were  $126,000  for the three months ended March 31,
2003,  compared to net investing losses of $257,000 for the comparable period in
2002.  These net investing  losses were the result of a decrease in the carrying
value of selected investments in the investment portfolio.

     Interest, dividends and other income was $68,000 for the three months ended
March 31, 2003, compared to $216,000 for the three months ended March 31, 2002 a
decrease  of  $148,000  or 68%.  This  decrease  was a result of a  decrease  in
interest  received  due  to  lower  invested  balances  of  the  Company's  cash
equivalents  and lower  yields on  investments  coupled with a decrease in other
miscellaneous revenue.

     General,  administrative  and other expenses were $465,000 and $427,000 for
the  quarters  ended  March 31,  2003 and 2002,  respectively,  an  increase  of
$38,000.  The  majority  of this  increase  related to  administrative  expenses
associated with the real estate exchange program and an increase in audit fees.

Item 3.  -  Controls and Procedures
-------     -----------------------

     Within the 90-day  period prior to the filing of this  report,  the Company
carried out, under the supervision and with the  participation  of the Company's
management,  including its Chief Executive Officer and Chief Financial  Officer,
an evaluation of the  effectiveness of the design and operation of the Company's
disclosure  controls and  procedures  (as defined in Rule  13a-14(c)  and 15d-14
under the  Securities  Exchange  Act of 1934).  Based upon and as of the date of
that  evaluation,  the  Chief  Executive  Officer  and Chief  Financial  Officer
concluded  that the  design  and  operation  of these  disclosure  controls  and
procedures  are effective.  There were no  significant  changes in the Company's
internal  controls or in other  factors  that could  significantly  affect these
internal controls subsequent to the date of their evaluation.







                                       10

<PAGE>

PART II  -  OTHER INFORMATION
-------     -----------------

Item 6.  -  Exhibits and Reports on Form 8-K
-------     --------------------------------

       (a)  Exhibits
            --------

            99.1 - Certifications pursuant to section 906 of  the Sarbanes-Oxley
            Act of 2002

       (b)  Reports on Form 8-K
            -------------------

            On April 25, 2003 the Company filed Form  8-K announcing results for
            the first quarter ended March 31, 2003.


























                                       11

<PAGE>

                                   SIGNATURES

In accordance with the  requirements of the Exchange Act, the registrant  caused
this  report to be  signed on its  behalf  by the  undersigned,  thereunto  duly
authorized.

                                        KENT FINANCIAL SERVICES, INC.




Dated: May 12, 2003                     By: /s/ John W. Galuchie, Jr.
                                            ---------------------------
                                            John W. Galuchie, Jr.
                                            Executive Vice President






























                                       12

<PAGE>

                                 CERTIFICATIONS

I, Paul O. Koether, certify that:

1.   I have  reviewed  this  quarterly  report on Form 10-QSB of Kent  Financial
     Services, Inc.;

2.   Based on my knowledge,  this  quarterly  report does not contain any untrue
     statement of a material fact or omit to state a material fact  necessary to
     make the statements  made, in light of the  circumstances  under which such
     statements  were made, not misleading with respect to the period covered by
     this quarterly report;

3.   Based on my  knowledge,  the  financial  statements,  and  other  financial
     information  included  in this  quarterly  report,  fairly  present  in all
     material respects the financial  condition,  results of operations and cash
     flows of the  registrant  as of, and for,  the  periods  presented  in this
     quarterly report;

4.   The  registrant's  other  certifying  officer  and  I are  responsible  for
     establishing and maintaining disclosure controls and procedures (as defined
     in Exchange Act Rules 13a-14 and 15d-14) for the registrant and have:

     a)   designed  such  disclosure  controls  and  procedures  to ensure  that
          material  information  relating  to  the  registrant,   including  its
          consolidated subsidiaries,  is made known to us by others within those
          entities,  particularly  during  the  period in which  this  quarterly
          report is being prepared;

     b)   evaluated the  effectiveness of the registrant's  disclosure  controls
          and procedures as of a date within 90 days prior to the filing date of
          this quarterly report (the "Evaluation Date"); and

     c)   presented  in  this  quarterly   report  our  conclusions   about  the
          effectiveness  of the disclosure  controls and procedures based on our
          evaluation as of the Evaluation Date;

5.   The registrant's  other certifying  officer and I have disclosed,  based on
     our most recent  evaluation,  to the  registrant's  auditors  and the audit
     committee of  registrant's  board of directors (or persons  performing  the
     equivalent functions):

     a)   all  significant  deficiencies  in the design or operation of internal
          controls  which could  adversely  affect the  registrant's  ability to
          record,  process,   summarize  and  report  financial  data  and  have
          identified for the  registrant's  auditors any material  weaknesses in
          internal controls; and

     b)   any fraud, whether or not material,  that involves management or other
          employees who have a  significant  role in the  registrant's  internal
          controls; and

6.   The  registrant's  other  certifying  officer and I have  indicated in this
     quarterly  report  whether  there  were  significant  changes  in  internal
     controls  or in other  factors  that could  significantly  affect  internal
     controls  subsequent to the date of our most recent  evaluation,  including
     any corrective actions with regard to significant deficiencies and material
     weaknesses.

May 12, 2003                                    /s/ PAUL O. KOETHER
                                                ------------------------------
                                                Paul O. Koether
                                                Chairman and President

                                       13

<PAGE>

                                 CERTIFICATIONS

I, John W. Galuchie, Jr., certify that:

1.   I have  reviewed  this  quarterly  report on Form 10-QSB of Kent  Financial
     Services, Inc.;

2.   Based on my knowledge,  this  quarterly  report does not contain any untrue
     statement of a material fact or omit to state a material fact  necessary to
     make the statements  made, in light of the  circumstances  under which such
     statements  were made, not misleading with respect to the period covered by
     this quarterly report;

3.   Based on my  knowledge,  the  financial  statements,  and  other  financial
     information  included  in this  quarterly  report,  fairly  present  in all
     material respects the financial  condition,  results of operations and cash
     flows of the  registrant  as of, and for,  the  periods  presented  in this
     quarterly report;

4.   The  registrant's  other  certifying  officer  and  I are  responsible  for
     establishing and maintaining disclosure controls and procedures (as defined
     in Exchange Act Rules 13a-14 and 15d-14) for the registrant and have:

     a)   designed  such  disclosure  controls  and  procedures  to ensure  that
          material  information  relating  to  the  registrant,   including  its
          consolidated subsidiaries,  is made known to us by others within those
          entities,  particularly  during  the  period in which  this  quarterly
          report is being prepared;

     b)   evaluated the  effectiveness of the registrant's  disclosure  controls
          and procedures as of a date within 90 days prior to the filing date of
          this quarterly report (the "Evaluation Date"); and

     c)   presented  in  this  quarterly   report  our  conclusions   about  the
          effectiveness  of the disclosure  controls and procedures based on our
          evaluation as of the Evaluation Date;

5.   The registrant's  other certifying  officer and I have disclosed,  based on
     our most recent  evaluation,  to the  registrant's  auditors  and the audit
     committee of  registrant's  board of directors (or persons  performing  the
     equivalent functions):

     a)   all  significant  deficiencies  in the design or operation of internal
          controls  which could  adversely  affect the  registrant's  ability to
          record,  process,   summarize  and  report  financial  data  and  have
          identified for the  registrant's  auditors any material  weaknesses in
          internal controls; and

     b)   any fraud, whether or not material,  that involves management or other
          employees who have a  significant  role in the  registrant's  internal
          controls; and

6.   The  registrant's  other  certifying  officer and I have  indicated in this
     quarterly  report  whether  there  were  significant  changes  in  internal
     controls  or in other  factors  that could  significantly  affect  internal
     controls  subsequent to the date of our most recent  evaluation,  including
     any corrective actions with regard to significant deficiencies and material
     weaknesses.

May 12, 2003                                    /s/ JOHN W. GALUCHIE, JR.
                                                -----------------------------
                                                John W. Galuchie, Jr.
                                                Executive Vice President and
                                                Treasurer

                                       14

<PAGE>
                                                                   Exhibit 99.1

     CERTIFICATION PURSUANT TO 18 U.S.C. SECTION 1350 AS ADOPTED PURSUANT TO
                  SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002

Pursuant to Section 906 of the Public  Company  Accounting  Reform and  Investor
Protection  Act of 2002 (18 U.S.C.  1350,  as  adopted),  Paul O.  Koether,  the
Chairman and President of Kent Financial  Services,  Inc., (the "Company"),  and
John W. Galuchie, Jr., the Executive Vice President and Treasurer of the Company
each hereby certifies that, to the best of their knowledge:

     1.   The  Company's  Quarterly  Report on Form 10-QSB for the period  ended
          March 31,  2003,  to which this  Certification  is attached as Exhibit
          99.1 (the "Periodic Report"),  fully complies with the requirements of
          Section 13(a) or Section 15(d) of the Securities Exchange Act of 1934,
          as amended;

          and

     2.   The information  contained in the Periodic Report fairly presents,  in
          all material respects,  the financial  condition of the Company at the
          end of the  period  covered  by the  Periodic  Report  and  results of
          operations  of the  Company  for the period  covered  by the  Periodic
          Report.

Dated:   May 12, 2003

/s/ Paul O. Koether
---------------------------------
Paul O. Koether
Chairman and President

/s/ John W. Galuchie, Jr.
---------------------------------
John W. Galuchie, Jr.
Executive Vice President and Treasurer