Limoneira Announces Sale of its Multi-Use Mercantile Property
Limoneira Co (LMNR)
Last limoneira co earnings: 3/11 04:01 pm
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US:NASDAQ Investor Relations:
investor.limoneira.com/investor-relations
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Source: Business Wire
Sale Generated Net Cash of $4.0 MillionTransaction In-Line with Company's Long-Term Strategy to Monetize Non-Core Real Estate Assets SANTA PAULA, Calif.--(BUSINESS WIRE)--Limoneira Company (the “Company” or “Limoneira”) (Nasdaq: LMNR), a diversified citrus packing, selling and marketing company with related agribusiness activities and real estate development operations, today announced the sale of its multi-use facility consisting of a retail convenience store, gas station, car wash, and quick serve restaurant located in Santa Paula. The transaction closed on August 30th, 2019 and the Company received approximately $4.0 million in net proceeds. In addition, the Company will record a gain of approximately $0.6 million in its fourth fiscal quarter of 2019.Harold Edwards, President and Chief Executive Officer, stated, "We are pleased with the terms of the sale of our multi-use Mercantile property. We will use the cash generated by the sale to pay down debt and to invest in the growth
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News
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- Limoneira Declares Quarterly DividendBusiness Wire
- DOLE vs. LMNR: Which Stock Is the Better Value Option? [Yahoo! Finance]Yahoo! Finance
LMNR
Earnings
- 9/9/24 - Beat
LMNR
Sec Filings
- 11/7/24 - Form SC
- 11/4/24 - Form 4
- 11/4/24 - Form 4
- LMNR's page on the SEC website