Alico’s third quarter delivers a major financial boost, ending with $55.6 million in cash—a sharp rebound from last year—and they’re raising their full-year outlook. Strategic land moves include a lucrative 3,280-acre lease with an option to buy for $29.5M, plus full ownership of the 1,200-acre Citree joint venture. These steps signal strong asset management and long-term value creation. With Corkscrew Grove East Village entering permitting and cost-cutting initiatives like a new office lease kicking in next year, Alico is positioning itself for sustained growth—backed by improved EBITDA, healthy cash reserves, and reduced net debt.
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