Arizona Land Income Corp. Reports First Quarter Earnings
May 13 2005 - 5:09PM
Business Wire
Arizona Land Income Corp. (AMEX: AZL), an independent real estate
investment trust (REIT), today announced earnings for the
three-month period ending March 31, 2005. For the operating period
of Jan. 1 through March 31, 2005, the company had total income of
approximately $90,600, compared to approximately $8,700 for the
quarter ended March 31, 2004. The company reported net income for
the period ended March 31, 2005, of approximately $43,000 or $.02
per share, compared to a net loss of approximately $37,000 or $.02
per share in the first quarter of 2004. On March 28, 2005, the
company issued a press release announcing that it intended to delay
the date of its annual meeting of shareholders while it
investigated strategic alternatives available to the company. In
January, the company retained a financial advisor to assist in
developing and evaluating a number of alternatives to achieve
greater shareholder value.
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