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ARIZONA LAND CL A, (AZL) Stock Research Free Stock Rating
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Arizona Land Income Corporation operates as a real estate investment trust (REIT). The company invests in first mortgage loans on unimproved real property located primarily in the metropolitan Phoenix area. These loans included mortgage loans secured or collateralized by first mortgages, first deeds of trust, and real property subject to agreements for sale and subdivision trusts. The company has elected to be a REIT under Internal Revenue Code. As a REIT, the company is exempted from the taxes on the amount that it distributes at least 90% of its taxable income to its shareholders. Arizona Land Income was incorporated in the State of Arizona in 1988 as a wholly owned subsidiary of YSP Holdings, Inc. The companys principal offices are located in Phoenix, Arizona.
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