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. reports news about a Maui-based landholding and real estate operating company focused on land development, commercial leasing, resort amenities, agriculture and water-related assets. Updates commonly cover operating results, leasing activity in Kapalua and Hāli‘imaile, land planning and sales, resort amenity performance, capital deployment and legacy obligations.
Company announcements also describe efforts to put underutilized land and commercial properties into productive use, including housing-related planning, agricultural activity such as its agave venture, and management of water source, storage and transmission infrastructure on Maui.
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.
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.