Brandon Rogers's questions to ALICO (ALCO) leadership • Q3 2025
Question
The analyst, speaking on behalf of Gerry Sweeney, inquired about the status of land sales, the timeline and potential milestones for the Corkscrew development project, and the company's strategy regarding development partnerships.
Answer
The company stated that an additional large land sale is in progress but the closing date is uncertain, potentially falling in fiscal 2025 or 2026. The Corkscrew project is on track, but the timeline is subject to external regulatory processes. Regarding partnerships, the company is handling the current entitlement phase solo but is keeping its options open for future stages, having had preliminary discussions with homebuilders but making no firm decisions yet.