Exhibit 99.1

– American Land Lease Announces Fourth Quarter and Full Year 2006 Results –

– Strong Property Operating Results Diluted by Lower New Home Sales Results –

CLEARWATER, Fla., February 12, 2006 /PRNewswire/ — American Land Lease, Inc. (NYSE: ANLnews) today released fourth quarter and full year results for 2006.

Summary Financial Results

Fourth Quarter

 

   

Diluted Earnings Per Share (“Diluted EPS”) were $0.33 for the three-month period ended December 31, 2006 compared to $0.40 for the same period one-year ago, a decrease of 17.5% on a per share basis.

 

   

Funds from Operations (“FFO”; a non-GAAP financial measure defined on page 13 of this press release) were $3.3 million, or $0.36 per diluted common share, for the quarter compared to $3.9 million or $0.45 per diluted common share from the same period one year ago, a decrease of 20.0% on a per share basis.

 

   

Home sales volume was $9,493,000, down by 43.4% from the same period one year ago, with 71 new home closings, including 60 new homes sold on expansion home sites. This compares with 133 new home closings in fourth quarter 2005.

 

   

“Same Store” results provided a revenue increase of 10.8%, an expense increase of 3.9% and an increase of 14.4% in Net Operating Income (“NOI”).

 

   

“Same Site” results provided a revenue increase of 5.0%, an expense increase of 2.6% and an increase of 6.2% in NOI.

2006 Year

 

   

Diluted Earnings Per Share (“Diluted EPS”) were $1.24 for the year ended December 31, 2006 compared to $1.35 from the same period one-year ago, a decrease of 8.1% on a per share basis.

 

   

Funds from Operations (“FFO”; a non-GAAP financial measure defined on page 13 of this press release) were $14.7 million, or $1.66 per diluted common share, for the year compared to $14.6 million or $1.70 per diluted common share from the same period one year ago, a decrease of 2.4% on a per share basis.

 

   

Home sales volume was $47,238,000, down by 8.2% from the same period one year ago, with 362 new home closings, including 304 new homes sold on expansion home sites. This compares with 435 new home closings in 2005.

 

   

“Same Store” results provided a revenue increase of 10.5%, an expense increase of 9.0% and an increase of 11.3% in Net Operating Income (“NOI”).

 

   

“Same Site” results provided a revenue increase of 4.8%, an expense increase of 4.5% and an increase of 4.9% in NOI.

 

1


The following information was filed by American Land Lease Inc on Wednesday, February 14, 2007 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-K Annual Report statement of earnings and operation as management may choose to highlight particular information in the press release.

View differences made from one year to another to evaluate American Land Lease Inc's financial trajectory

Compare SEC Filings Year-over-Year (YoY) and Quarter-over-Quarter (QoQ)
Sample 10-K Year-over-Year (YoY) Comparison

Compare this 10-K Annual Report to its predecessor by reading our highlights to see what text and tables were  removed  ,   added    and   changed   by American Land Lease Inc.

Continue

Never Miss A New SEC Filing Again


Real-Time SEC Filing Notifications
Screenshot taken from Gmail for a new 10-K Annual Report
Last10K.com Member Feature

Receive an e-mail as soon as a company files an Annual Report, Quarterly Report or has new 8-K corporate news.

Continue

We Highlighted This SEC Filing For You


SEC Filing Sentiment Analysis - Bullish, Bearish, Neutral
Screenshot taken from Wynn's 2018 10-K Annual Report
Last10K.com Member Feature

Read positive and negative remarks made by management in their entirety without having to find them in a 10-K/Q.

Continue

Widen Your SEC Filing Reading Experience


Increased Reading Area for SEC Filings
Screenshot taken from Adobe Inc.'s 10-Q Quarterly Report
Last10K.com Member Feature

Remove data columns and navigations in order to see much more filing content and tables in one view

Continue

Uncover Actionable Information Inside SEC Filings


SEC Filing Disclosures
Screenshot taken from Lumber Liquidators 10-K Annual Report
Last10K.com Member Feature

Read both hidden opportunities and early signs of potential problems without having to find them in a 10-K/Q

Continue

Adobe PDF, Microsoft Word and Excel Downloads


Download Annual and Quarterly Reports as PDF, Word and Excel Documents
Screenshots of actual 10-K and 10-Q SEC Filings in PDF, Word and Excel formats
Last10K.com Member Feature

Export Annual and Quarterly Reports to Adobe PDF, Microsoft Word and Excel for offline viewing, annotations and analysis

Continue

FREE Financial Statements


Download Annual and Quarterly Reports as PDF, Word and Excel Documents
Screenshot of actual balance sheet from company 10-K Annual Report
Last10K.com Member Feature

Get one-click access to balance sheets, income, operations and cash flow statements without having to find them in Annual and Quarterly Reports

Continue for FREE

Intrinsic Value Calculator


Intrinsic Value Calculator
Screenshot of intrinsic value for AT&T (2019)
Last10K.com Member Feature

Our Intrinsic Value calculator estimates what an entire company is worth using up to 10 years of financial ratios to determine if a stock is overvalued or not

Continue

Financial Stability Report


Financial Stability Report
Screenshot of financial stability report for Coco-Cola (2019)
Last10K.com Member Feature

Our Financial Stability reports uses up to 10 years of financial ratios to determine the health of a company's EPS, Dividends, Book Value, Return on Equity, Current Ratio and Debt-to-Equity

Continue

Get a Better Picture of a Company's Performance


Financial Ratios
Available Financial Ratios
Last10K.com Member Feature

See how over 70 Growth, Profitability and Financial Ratios perform over 10 Years

Continue

Log in with your credentials

or    

Forgot your details?

Create Account