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.
Summary not available.
Summary not available.
Summary not available.
Summary not available.
Maui Land & Pineapple Company (NYSE: MLP) reported its financial results for the year ending December 31, 2022. The company achieved a net income of $1.8 million or $0.09 per share, compared to a net loss of $(3.4 million) or $(0.18) per share in 2021. Operating revenues surged to $21.0 million, up from $12.4 million the previous year. Total comprehensive income also rose to $9.2 million or $0.47 per share, from $2.6 million or $0.13 per share. Notably, pension adjustments contributed $7.4 million to comprehensive income. The company maintains a debt-free status, with total stockholders' equity increasing by $10.3 million to $33.8 million.
Maui Land & Pineapple (NYSE: MLP) has appointed Race Randle as CEO and Scot Sellers as Chairman, effective April 1, 2023. Randle, a local real estate leader with extensive experience in sustainable community development, replaces Warren Haruki, who will serve as a senior advisor. Randle's notable past includes significant contributions to The Howard Hughes Corporation and a partnership with Google for mixed-use community developments. Sellers, with a 40-year background in real estate, supports Randle’s vision. The transitions aim to foster continued growth and profitability for MLP, enhancing its commitment to Maui's community and environment.
Maui Land & Pineapple Company (NYSE: MLP) reported a net loss of $124,000, or $0.01 per share, for Q3 2022, improved from a loss of $139,000 in Q3 2021. Total operating revenues increased to approximately $2.6 million, up from $2.4 million year-over-year. For the nine months ending September 30, 2022, net income surged to $9.8 million, or $0.50 per share, compared to $0.8 million, or $0.04 per share, in the same period of 2021. Total revenues for this period reached around $18.8 million, significantly higher than $9.4 million previously.
Maui Land & Pineapple Company (NYSE: MLP) reported a substantial net income of $10.5 million ($0.54 per share) for Q2 2022, up from $1.9 million ($0.10 per share) in Q2 2021. Total operating revenues grew to approximately $14.0 million from $5.0 million year-over-year. For the first half of 2022, net income reached $9.9 million ($0.51 per share), compared to $0.9 million ($0.05 per share) in the same period last year. The company finalized the sale of 646 acres in Upcountry Maui for $9.6 million in May 2022, bolstering its revenue stream.
Maui Land & Pineapple Company (MLP) reported a net loss of $618,000 or $(0.03) per share for Q1 2022, an improvement from a net loss of $934,000 or $(0.05) per share in Q1 2021. Total operating revenues increased to $2.25 million from $2.06 million year-over-year. The company had no real estate asset sales during this period. Current assets rose to $12.75 million, while total assets grew to $40.23 million. Liabilities also increased, totaling $16.60 million, impacting the overall equity standing of the company.
Maui Land & Pineapple Company (NYSE: MLP) reported a net loss of $(3.4) million, or $(0.18) per share, for the year ended December 31, 2021, up from a loss of $(2.6) million, or $(0.14) per share in 2020. Operating revenues rose to $12.4 million from $7.5 million. Comprehensive income turned positive at $2.6 million, compared to a loss of $(3.5) million in 2020. Notable was a pension gain adjustment of $6.0 million, significantly improving financial metrics. In Q4 2021, the company recorded a net loss of $(4.2) million, while revenues increased to $3.0 million from $2.1 million in Q4 2020.
FAQ
What is the current stock price of Maui Ld & Pineap (MLP)?
What is the market cap of Maui Ld & Pineap (MLP)?
