Annual report [Section 13 and 15(d), not S-K Item 405]

Subsequent Events

v3.25.3
Subsequent Events
12 Months Ended
Sep. 30, 2025
Subsequent Events [Abstract]  
Subsequent Events
Note 16. Subsequent Events

On October 27, 2025, the CGSD, a special district formed to facilitate financing and development of community infrastructure within its boundaries, entered into a Locally Funded Agreement (the “CGSD Funding Agreement”) with the State of Florida Department of Transportation (“FDOT”). The CGSD was established in June 2025 and it will assist the Company in its efforts to effectively finance infrastructure, help restore and manage natural areas, and oversee the administration of master planned communities and lands. The Company’s Chief Executive Officer, John Kiernan, is the Board Chairman of the CGSD. Through the CGSD Funding Agreement, the Company will provide funding to FDOT to support the construction of a wildlife‑crossing planned as part of the Corkscrew Villages Project in eastern Collier County and on November 14, 2025, the Company deposited $5,071 with FDOT to fund the project. The payment to the CGSD is reimbursable to the Company under the CGSD Funding Agreement.
On November 4, 2025, the Company sold 579 acres of citrus land for $6,077 and on November 19, 2025, sold our office and shop in Frostproof for $1,675.