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Equity in Investments
 6 Months Ended
Apr. 30, 2025
Equity Method Investments and Joint Ventures [Abstract]  
Equity in Investments Equity in Investments
Equity in investments consist of the following (in thousands):
 April 30, 2025October 31, 2024
Limoneira Lewis Community Builders, LLC$58,455 $67,962 
LLCB II, LLC11,422 9,566 
Limco Del Mar, Ltd. (“Del Mar”)2,424 2,198 
Rosales1,271 1,319 
Romney Property Partnership501 501 
 $74,073 $81,546 
Unconsolidated Significant Subsidiary
In accordance with Rule 10-01(b)(1) of Regulation S-X, which applies to interim reports on Form 10-Q, the Company must determine if its equity method investees are considered “significant subsidiaries.” In evaluating its investments, there are two tests utilized to determine if equity method investees are considered significant subsidiaries: the income test and the investment test. Summarized income statement information of an equity method investee is required in an interim report if either of the two tests exceed 20% in the interim periods presented. During the year-to-date interim period for the six months ended April 30, 2025, this threshold was not met for any equity investments. The threshold was met for LLCB during the year-to-date interim period for the six months ended April 30, 2024, and thus summarized income statement information for LLCB is presented in this Quarterly Report on Form 10-Q. The full audited financial statements of LLCB for the years ended October 31, 2024, 2023 and 2022 were provided as exhibits to the Annual Report on Form 10-K for the fiscal year ended October 31, 2024.
The following is unaudited summarized financial information for LLCB (in thousands):
 Six Months Ended
April 30,
 20252024
Revenues$641 $94,540 
Cost of land sold(583)(54,089)
Operating income (expenses)931 (135)
Net income$989 $40,316 
Net income attributable to Limoneira Company$518 $19,455