Welcome to our dedicated page for Limoneira news (Ticker: LMNR), a resource for investors and traders seeking the latest updates and insights on Limoneira stock.
Limoneira Company reports developments across a diversified agribusiness built around lemon and avocado growing, lemon packing, related crop marketing, and real estate development operations. News commonly covers quarterly and annual results, lemon and avocado volume guidance, cost and operating initiatives, dividend actions, and the company’s use of agricultural land, water assets, and non-strategic real estate.
Company updates also include avocado acreage expansion, lemon packing partnerships, the Agromin-Limoneira organics recycling joint venture, housing-related real estate activity, and governance or finance leadership matters. These recurring items connect Limoneira’s crop production and packing economics with asset monetization and capital allocation decisions.
Limoneira Company, in a joint venture with The Lewis Group of Companies, received approval for an additional 550 dwelling units in the Harvest at Limoneira development project, increasing the total entitled lots by 37% from 1,500 to 2,050. This expansion includes 250 single-family homesites and 300 rental homes. The project has gained support from the Santa Paula City Council, highlighting the value it brings to the community.
Limoneira Company, in partnership with The Lewis Group of Companies, has closed the sale of 554 residential homesites to Lennar, completing Phase 2 at Harvest at Limoneira master planned community in Santa Paula. This brings the total residential homesite sales to 1,261. The Foothill Neighborhood features seven lot types, with home sizes ranging from 1,500 to 3,500 square feet, including some with views of the Pacific Ocean.
Lennar has purchased a total of 867 single-family homesites at Harvest, solidifying its commitment to the project. Limoneira expects to provide updates on profitability and cash receipts from this transaction in fiscal year 2024.
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