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 a net loss of $0.1 million, or $(0.01) per share, for Q3 2021, an improvement from a net loss of $0.6 million, or $(0.03) per share, in Q3 2020. Total operating revenues rose to $2.4 million from $1.7 million year-over-year. For the first nine months of 2021, the company achieved a net income of $0.8 million, or $0.04 per share, compared to a net loss of $1.9 million, or $(0.10) per share, in the same period of 2020. Total operating revenues for this period increased to $9.4 million from $5.4 million.
Maui Land & Pineapple Company (NYSE: MLP) reported a net income of $1.9 million ($0.10 per share) for Q2 2021, contrasting with a net loss of $0.2 million ($0.01 per share) in Q2 2020. Total operating revenues increased to $5.0 million from $1.7 million year-over-year. For the first half of 2021, net income was $0.9 million ($0.05 per share), compared to a loss of $1.2 million ($0.06 per share) in the same period of 2020. The company executed real estate sales worth $2.6 million during Q2 2021, with no sales recorded in the previous year.
Maui Land & Pineapple Company (MLP) reported a net loss of $934,000 or $(0.05) per share for Q1 2021, an improvement from a net loss of $1,074,000 or $(0.06) per share in Q1 2020. Total operating revenues slightly rose to $2.06 million compared to $2.04 million in 2020. Notably, MLP sold its regulated utility assets on May 1, 2021, generating $4.2 million in net proceeds. The company continues to own approximately 23,000 acres in Maui and manages various properties and utilities.
Maui Land & Pineapple Company (NYSE: MLP) reported a net loss of $2.6 million or $(0.14) per share for 2020, an improvement from a $10.4 million loss in 2019. Total revenues decreased to $7.5 million in 2020 from $10.0 million the previous year. The COVID-19 pandemic significantly affected tourism, impacting operating revenues from real estate and club memberships. The fourth quarter of 2020 also showed a net loss of $0.7 million compared to $9.1 million in Q4 2019. The company managed a slight recovery through cash collateral recovery and a land sale.
Maui Land & Pineapple Company (NYSE: MLP) reported a net loss of $633,000 or $(0.03) per share for Q3 2020, a significant increase from a net loss of $9,000 in Q3 2019. Total operating revenues fell to $1.7 million from $2.7 million year-over-year. For the first nine months of 2020, the company incurred a net loss of $1.9 million, widening from $1.3 million in 2019. Operating revenues for this period decreased to $5.4 million from $7.5 million. The company did not report any real estate asset sales in both 2020 and 2019.
Maui Land & Pineapple Company reported a net loss of $157,000 for Q2 2020, improving slightly from a loss of $181,000 in Q2 2019. Total operating revenues fell to $1.7 million from $2.5 million year-over-year. For the first half of 2020, net loss totaled $1.2 million, compared to $1.3 million in the same period of 2019. Operating revenues decreased to $3.7 million from $4.8 million. No real estate asset sales occurred in either quarter. The company continues to manage approximately 23,000 acres on Maui, including properties at the Kapalua Resort.
Maui Land & Pineapple Company, Inc. (MLP) has successfully completed major repairs to the West Maui ditch system, restoring damage from Hurricanes Lane and Olivia. The restoration ensures consistent water availability for the County of Maui, Kapalua Water Company, and local residents and farmers. The repair process began in December 2019, consisting of two phases: the first focused on restoring key structures like diversion gates and access roads, while the second cleared blockages and fixed leaks. The company owns approximately 23,000 acres in Maui, vital for its various business operations.
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