Maui Land & Pineapple Posts $3.7M Loss, Reveals $20M in Contracted Land Sales
MLP is trading near its 52-week low of $13.839 (10% above the low).
Summary
Maui Land & Pineapple reported a $3.7M net loss for the first half of 2026, driven by reinvestment in development projects and agave cultivation. Recurring revenue from commercial real estate and land leasing held steady at $6.6M, with 93% occupancy. The company disclosed over $20M in contracted land sales, including two $10M escrow agreements, and a memorandum of understanding to sell water assets to Maui County. The agave venture expanded to 80 acres with $2.5M invested. H1 revenue fell on a project pause.
At the time of this announcement, MLP was trading at $15.28 on NYSE in the Real Estate & Construction sector, with a market capitalization of approximately $303.5M. The 52-week trading range was $13.84 to $20.34. This news item was assessed with neutral market sentiment and an importance score of 7 out of 10. Source: GlobeNewswire.