Strategic Partnership with Sunkist
Limoneira's partnership with Sunkist for citrus sales and marketing is expected to drive $5 million in annual cost savings and EBITDA enhancements starting in fiscal year 2026.
Real Estate Development Success
The Harvest at Limoneira project is selling homes ahead of schedule, with expected future distributions totaling approximately $155 million over the next 5 fiscal years.
Water Monetization Efforts
Limoneira sold water pumping rights in the Santa Paula Basin for $30,000 per acre foot, generating $1.7 million in proceeds and recording $1.5 million of gains.
Avocado Production Expansion
There are 700 acres of nonbearing avocados expected to become full-bearing over the next 2 to 4 years, enabling strong organic growth and a near 100% increase in avocado producing acreage.
Exploration of Limco Del Mar Property
The company is exploring development options for its 221-acre Limco Del Mar property, which presents an opportunity for residential development to address Ventura County's housing shortage.