Sign in

    Brandon B. Rogers • ROTH Capital Partners

    Brandon B. Rogers's questions to Alico Inc (ALCO) leadership

    Brandon B. Rogers's questions to Alico Inc (ALCO) leadership • Q3 2025

    Question

    Brandon Rogers of Roth Capital Partners inquired about the status of an additional $25 million in potential land sales for fiscal 2025, the key milestones and potential risks for the Corkscrew Grove entitlement process, and Alico's strategy regarding development partnerships for the project.

    Answer

    President & CEO John Kiernan confirmed a significant land sale transaction is in progress but its closing date is uncertain, potentially slipping into fiscal 2026. Regarding the Corkscrew project, he noted that while the entitlement process is on track for a 2026 decision, external factors like government reviews create inherent timing risks. Kiernan also stated that Alico is currently handling the entitlement process solo, has sufficient capital, and is keeping its options open regarding future partnerships with builders, a sale of the entitled land, or self-development.

    Ask Fintool Equity Research AI

    Brandon B. Rogers's questions to Alico Inc (ALCO) leadership • Q2 2025

    Question

    Brandon B. Rogers, on behalf of Gerry Sweeney, inquired about the specifics of the Q2 land sale, the confidence behind the increased full-year land sale guidance, and the key development milestones for the Corkscrew Grove Villages project.

    Answer

    CFO Bradley Heine clarified the Q2 transaction involved the sale of 2,100 acres in Henry County. Executive John Kiernan explained the confidence in reaching the new $50 million land sale target stems from a significant negotiated agreement currently in due diligence, with other potential deals also in discussion. For the Corkscrew project, Kiernan stated that the primary milestones to watch are the sequential approvals at the local, state, and federal levels.

    Ask Fintool Equity Research AI