Aztec Land and Cattle Company, Limited
AZLCZ
Other OTC2,200.00
USD
- -
- -
ISIN
US0548071028
CUSIP
054807102
Return %
Stock
S&P500
1Y
114.22
26.53
3Y
340.00
76.60
5Y
609.68
80.11
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
•
in mil. unless spec.Growth Rates
FRC
•
in mil. unless spec.Quarterly Revenue
FRC
•
in mil. unless spec.Quarterly Earnings Per Share
FRC
•
in mil. unless spec.Quarterly Dividends Per Share
FRC
•
in mil. unless spec.- CEO
- Stephen M. Brophy
- Full Time Employees
- 2
- Sector
- Real Estate
- Industry
- Real Estate - Services
- Address
- 10265 West Camelback Road Phoenix AZ United States of America 85037
- IPO Date
- Sep 25, 2012
- Website
- azteclandco.com
- Similar Companies
- Business
- Aztec Land and Cattle Company, Limited (AZLCZ) owns and leases extensive land holdings in northern Arizona primarily for grazing, renewable energy development, farming, water production, mineral development, and related activities. The company, founded in 1884 and incorporated in New York in 1885, is headquartered in Phoenix, Arizona, and operates through related entities including Aztec Land Company, LLC, Aztec East Jeffers, LLC, and Aztec Despain Ranch, LLC; it maintains approximately 239,000 acres of surface land and 318,000 to 320,000 acres of mineral rights, predominantly in Navajo and Coconino Counties, positioning it as the second-largest private landowner in the state. Core revenue streams derive from leasing activities such as grazing leases to local ranchers (many descendants of original lessees), solar and wind renewable energy leases, mineral leases, and ancillary operations including farming and water production; the company also co-owns the Apache Railway, a 55-mile Class III short-line railroad providing market access from its lands near Holbrook, Arizona. Recent developments emphasize expansion in renewable energy, with two major projects advancing on company land: the West Camp Wind Farm, delivering 500 MW from 112 turbines under construction for grid operation by early to mid-2026, and the Hashknife Solar Energy Center's first phase of 275 MW solar-plus-battery on 3,000 acres, with construction starting late 2024 for mid-2026 operations, alongside a second phase of 200 MW on 1,200 acres slated for late 2025 construction and mid-2027 grid connection. These leases provide the greater of minimum annual rents or revenue-based royalties/per-acre payments, projecting combined minimum rent of about $1.3 million once operational, with 2024 renewable development-phase revenues estimated at $2.9 million plus $1.3 million in construction fees. In November 2024, the company announced an early January 2025 distribution of $4 per unit from Aztec LLC to unitholders of record as of December 30, 2024, alongside authorization for a $1 million share buyback program to commence before year-end, reflecting ongoing consolidation and development of its land assets since shifting strategy in the 1960s.