Arizona Land Income Corp. Reports First Quarter Earnings.PHOENIX -- Arizona Arizona (âr'əzō`nə), state in the southwestern United States. It is bordered by Utah (N), New Mexico (E), Mexico (S), and, across the Colorado R., Nevada and California (W). Land Income Corp. (AMEX AMEX See: American Stock Exchange : AZL AZL Automated Zone List ), an independent real estate investment trust (REIT REIT See: Real Estate Investment Trust REIT See real estate investment trust (REIT). ), today announced earnings for the three-month period ending March 31, 2006. For the operating period of January 1 through March 31, 2006, the company had total income of approximately $113,000, compared to approximately $90,600 for the quarter ended March 31, 2005. The company reported net income for the period ended March 31, 2006, of approximately $84,000 or $.05 per share, compared to net income of approximately $43,000 or $.02 per share in the first quarter of 2005. |
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