Maui Land & Pineapple Co. (MLP)
Maui Land & Pineapple Co. is a Hawaii-based real estate development and resort operator. Historically known for its pineapple farming, the company has shifted focus towards diversified real estate projects, including master-planned communities, resort developments, and commercial properties on Maui. It also owns and manages resort properties, contributing to Hawaii’s tourism industry.
Company News
Maui Land & Pineapple Company reported a 134% year-over-year gain in operating revenue, driven by increased occupancy and income from commercial real estate leasing. The company is launching a new scalable business initiative to cultivate Agave, a drought-tolerant crop, to maximize the value of its underutilized croplands.
The third-quarter was an average-to-downbeat period for investors, mainly due to rising rates.