Welcome to our dedicated page for Maui Ld & Pineap news (Ticker: MLP), a resource for investors and traders seeking the latest updates and insights on Maui Ld & Pineap stock.
Maui Land & Pineapple Company, Inc. (NYSE: MLP) news covers a real estate and landholding business that manages over 22,000 acres of land and a substantial commercial property portfolio on Maui. As a nonresidential property manager with segments in land development and sales, leasing operations, and resort amenities, the company regularly reports on how it is activating land and commercial assets to support housing, economic activity, agriculture, and water security.
Investors and community observers following MLP news will see updates on operating results, segment performance, and non-GAAP measures such as Adjusted EBITDA and Cash and Investments Convertible to Cash. Earnings releases detail trends in leasing revenue from restaurants, retail outlets, office buildings, warehouses, resort activities, and cropland leases, as well as land development revenues from projects like the Honokeana Homes Relief Housing Project with the State of Hawai‘i and sales of non-strategic parcels in West Maui, Hali‘imaile, and other Upcountry areas.
News coverage also highlights strategic initiatives, including the launch of a blue weber agave agri-business venture on underutilized croplands, the revitalization of commercial town centers in West Maui and Hali‘imaile, and the company’s role in relief housing efforts for people displaced by the August 2023 Maui wildfires. In addition, MLP issues updates on its water source, storage, and transmission assets, such as the Pi‘iholo Well and West Maui water systems, and has announced a strategic review of options for potential sale or lease of some of these assets.
Regulatory news and 8-K filings provide insight into material agreements, such as amendments to the company’s revolving credit facility with First Hawaiian Bank and significant purchase and sale agreements for land within Kapalua Resort. For readers tracking MLP, this news page offers a centralized view of quarterly results, strategic land and water decisions, and ongoing efforts to align the company’s large land base with community needs on Maui.
Maui Land & Pineapple Company (NYSE: MLP) reported results for the quarter ended September 30, 2025 highlighting stronger recurring leasing revenue, land sales and positive adjusted EBITDA.
Key metrics: recurring leasing revenue up 39% year‑to‑date (59% vs 2023); operating revenues +$6.8M (+83.1%) to $14.9M; Adjusted EBITDA $1.6M (increase of $1.7M YTD); GAAP net loss ($9.4M) mainly driven by a $6.9M pension termination expense. Cash and investments convertible to cash totaled $5.0M on September 30, 2025.
The company closed three parcel sales YTD, has five parcels marketed, launched an agave agriculture venture, and completed funding/annuitization of its qualified pension plan.
Maui Land & Pineapple Company (NYSE: MLP) has announced a strategic review of its water-related assets for potential sale or lease. The company owns significant water infrastructure in Maui, including the Pi'iholo Well in Upcountry Maui with a capacity exceeding 1 million gallons per day, and West Maui assets comprising groundwater wells and a surface water system serving Lahaina's drinking water needs.
A new board subcommittee, chaired by independent director Ken Ota, will oversee the evaluation process. The initiative, which began in early 2025, aims to enhance water security across the island while potentially redirecting resources toward other priorities, including housing development. The company has not established a specific timeline for completing the evaluation.
Maui Land & Pineapple Company (NYSE: MLP) reported significant financial growth in Q2 2025, with operating revenues reaching $10.4 million for the six months ended June 30, 2025, a 103% increase from the same period in 2024. The company's leasing revenues surged 46% to $6.4 million, while land development revenues increased to $3.4 million.
Despite strong operational performance, MLP reported a GAAP net loss of ($9.6 million), or ($0.49) per share, primarily due to a $7.5 million pension-related expense. This temporary impact is expected to be offset by a comprehensive gain in Q3 2025. The company's strategic initiatives include launching an agave venture on underutilized croplands and improving commercial property management.
Cash and investments convertible to cash stood at $7.0 million as of June 30, 2025, down from $9.5 million at the end of 2024, reflecting investments in development activities and pension termination contributions.
Maui Land & Pineapple Company (NYSE: MLP) reported its fiscal 2024 results, showing increased operating revenues of $11.57 million, up 25% from $9.29 million in 2023. The company's performance included:
- Land development and sales revenues of $520,000, including $320,000 from the Honokeana Homes Relief Housing Project
- Leasing revenues increased 14% to $9.62 million
- Resort amenities revenue grew 72% year-over-year
However, MLP reported a net loss of ($7.39 million), or ($0.38) per share, compared to ($3.08 million) in 2023, primarily due to non-cash stock compensation expenses. The company ended 2024 with $9.52 million in cash and convertible investments, up from $8.84 million in 2023. Twelve non-strategic assets are identified for sale, including properties in West Maui, Upcountry Maui, and Hana, with three parcels actively listed at $10.9 million.
Maui Land & Pineapple Company (NYSE: MLP) reported strong Q3 2024 results with an 18.6% revenue increase compared to last year. The company's leased area grew by 19%, driven by strategic investments in commercial properties. Operating revenues reached $8.15 million for the nine months ended September 30, 2024. However, the company recorded a net loss of $5.48 million, primarily due to non-cash expenses related to share-based compensation of $4.67 million. The company is progressing with planning on over 3,500 acres in West Maui and 600 acres in Hali'imaile, while also leasing 50 acres to the State of Hawaii for temporary housing following the Maui wildfires.
Maui Land & Pineapple Company (NYSE: MLP) reported financial results for the six months ended June 30, 2024. The company experienced positive momentum with a 24% increase in commercial real estate occupancy and a 7.5% growth in overall operating revenue. Key highlights include:
- Land sales revenue increased by $181,000
- Leasing revenues rose by $70,000 to $4,388,000
- Resort amenities revenue grew by $107,000
- Operating revenues totaled $5,128,000, up $358,000 year-over-year
- Net loss was $3,247,000, or $0.17 per share
- Adjusted EBITDA was ($251,000)
- Cash and investments convertible to cash totaled $6,960,000
The company focused on repositioning commercial centers, supporting local businesses, and improving land productivity. New leases were secured in West Maui and Hali'imaile, and two senior leaders were hired to advance asset optimization and development efforts.
Maui Land & Pineapple Company (NYSE: MLP) announced its fiscal 2024 Q1 results covering the period ending March 31, 2024. Despite challenges from the 2023 Maui wildfires, the company achieved an 8% revenue growth year-over-year, reaching $2.48 million. Leasing revenues rose by $139,000, indicating increased economic activity and successful efforts to fill vacancies. However, operating costs also climbed to $3.88 million, leading to a net loss of $1.38 million or $0.07 per share. Adjusted EBITDA for the quarter was negative at $197,000. Cash and investments convertible to cash totaled $8.55 million, reflecting a decrease due to strategic investments. Jonathan Grobe was appointed as the new VP of Real Estate, effective April 1, 2024.
Summary not available.
Summary not available.
FAQ
What is the current stock price of Maui Ld & Pineap (MLP)?
What is the market cap of Maui Ld & Pineap (MLP)?
