Arizona Land Income Corp. Reports First Quarter Earnings.Business Editors PHOENIX--(BUSINESS WIRE)--May 15, 2002 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 trust (REIT REIT See: Real Estate Investment Trust REIT See real estate investment trust (REIT). ), Wednesday announced earnings for the three month period ending March 31, 2002. For the operating period of Jan. 1 through March 31, 2002, the company had total income of approximately $48,000 compared to gross revenues of $146,000 for the quarter ended March 31, 2001. The company reported a net loss for the period ended March 31, 2002 of approximately $9,800 or $.01 per share compared to net income of $94,000 or $.05 per share in the first quarter of 2001. |
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