MLP
Maui Land & Pineapple Company, Inc.16.81
-0.17-1%
Dec 16, 4:00:02 PM EST
Earnings Call Transcripts
This Quarter (Q1 '26)
No earnings call transcript available yet
Last Quarter (Q4 '25)
No earnings call transcript available
Key Stats
Market Cap
331.88MP/E (TTM)
-Basic EPS (TTM)
-0.58Dividend Yield
0%Recent Filings
8-K
CEO buys land above FMV
Maui Land & Pineapple sold a 30-acre unimproved Lahaina parcel to CEO Race A. Randle for $1.2M on January 28, 2026—above appraised fair market value. Buyer posted $100K escrow deposits post-90-day diligence; deal includes fifth-year true-up, residency rules, and shared appreciation up to year 10. Closing risks loom if conditions fail.
8-K
Expands credit to $25M
Maui Land & Pineapple expanded its revolving credit facility with First Hawaiian Bank from $15.0 million to $25.0 million on December 22, 2025, extending maturity to December 31, 2030. Interest rates drop to prime minus 1.125% for revolving borrowings; 30,000 square feet of Kapalua Resort properties secure it. Debt stands at $3.0 million. This bolsters capital for asset optimization.
8-K
Sells Kapalua land for $10M
Maui Land & Pineapple signed a $10M purchase agreement on December 3, 2025, to sell a 6.5-acre Kapalua property with 12,000 sq ft of buildings to Harvest at Kumulani Chapel, ending their current ground lease. Buyer posted $300K initial escrow, faces 90-day due diligence and up to 730-day entitlement period before closing. Deal bolsters community stability amid West Maui recovery, but risks closing failure.
8-K
Q3 leasing surges 39%
Maui Land & Pineapple reported Q3 2025 results, with leasing revenue up 39% year-over-year and operating revenues surging 83% to $14.9M for nine months, driving Adjusted EBITDA to $1.6M from a loss. Three parcel sales boosted land development income 204%, yet $6.9M pension termination expense widened GAAP net loss to $9.4M. Recurring revenue grows.
10-Q
Q3 FY2025 results
Maui Land & Pineapple swung to a $0.01 profit in Q3 ended September 30, 2025, from a $(0.11) loss last year, as revenues climbed 49% y/y to $4.5M on $769K land sales and leasing growth to $3.5M, narrowing the operating loss to $(0.4M) from $(2.2M). Leasing drove the momentum, up 29% y/y to $9.9M YTD, while land development added $4.2M YTD from Honokeana Homes and remnant parcels. Cash dipped to $4.9M with $(1.6M) operating outflow; $12M remains available on the $15M line at 6.375% (in covenant compliance, renewal pending). Pension termination wrapped cleanly. Leasing faces stiff competition from other Maui owners.
FRPH
FRP Holdings, Inc.
23.44+0.34
HHH
Howard Hughes Holdings Inc.
83.53-1.25
ILAL
International Land Alliance Inc
0.29+0.00
KANP
Kaanapali Land LLC
29.00+0.00
LMNR
Limoneira Co
15.10+0.03
LPA
Logistic Properties of the Amer
2.73-0.25
LRE
Lead Real Estate Co., Ltd
1.35-0.01
LRHC
La Rosa Holdings Corp.
0.79-0.08
PNPL
Pineapple, Inc.
0.13+0.00
SURDF
Sumitomo Realty & Development C
50.00+0.00