MAUI LAND & PINEAPPLE CO INC (MLP) Form 10-Q — May 15, 2026
Maui Land & Pineapple (MLP) reported a net loss of $2.1 million for the first quarter of 2026, a significant improvement from the $8.6 million loss in the same period last year. The prior-year loss was heavily impacted by a $6.9 million pension and postretirement expense charge that did not recur in 2026. Total operating revenues declined 41% to $3.4 million, primarily due to the absence of construction revenue from the Honokeana Homes Temporary Housing Project, which has been on hold by the State of Hawaii since April 2025. Commercial real estate leasing revenue remained stable at $1.9 million, supported by high occupancy rates of 93% across its town centers.
Key figures
- Revenue
- 3405000
- Cash Position
- 3845000
- Available Credit
- 18500000
- Shares Outstanding
- 19864606
- Credit Facility Drawn
- 6500000
- Credit Facility Limit
- 25000000
Price after filing
Close on the filing date to close N calendar days later (from $15.16). Historical, not a forecast.
AI analysis
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