Maui Land & Pineapple Company, Inc. (MLP)

In Q2 2025, MLP reported increased operating revenues but a net loss due to pension-related expenses, resulting in a mild stock decline. The company announced a strategic review of its water assets. An analysis noted revenue growth but also a high price-to-sales ratio. MLP faced a lawsuit and potential fines for water mismanagement. Q3 2025 results showed increased operating revenues and leasing revenue, with a slight stock decline followed by an increase. Stephen Case acquired additional shares. Maui Land & Pineapple expanded and extended its credit facility. Maui Land & Pineapple signed a land sale with its CEO.

Explicit demand seasonality for Maui Land & Pineapple Co., Inc.'s current primary business segments is not detailed. The resort amenities segment would likely experience seasonality tied to tourism trends in Maui. The company's focus on land development and leasing may have less pronounced seasonality. The new agave venture might have planting and harvesting seasons, but its impact on overall demand seasonality is not yet clear.

Maui Land & Pineapple Co., Inc. (MLP) is a land holding and operating company based in Kapalua, Hawaii, operating primarily in the Real Estate sector, specifically in the Real Estate - Services and Hospitality industries. The company is involved in land development and sales, including planning, development, and construction of residential, resort, commercial, and industrial properties. MLP leases commercial, agricultural, and industrial land and properties. The company operates and manages resort amenities within the Kapalua Resort, which features luxury hotels, golf courses, beaches, and hiking trails. MLP manages agricultural land, offers land leasing services, and owns and manages water resources and infrastructure. The company also owns and manages the Puʻu Kukui Watershed Preserve.

Maui Land & Pineapple Co., Inc.'s operations are concentrated exclusively on the island of Maui, Hawaii, United States. The company owns approximately 22,000 to 24,300 acres across the island, including significant holdings in West Maui and Hali'imaile.

Maui Land & Pineapple Co., Inc. positions itself with a mission of "thoughtful stewardship". However, its reputation has been negatively impacted by water mismanagement allegations, legal action, and the PGA Tour's Sentry at Kapalua being caught in the middle of a water rights battle.

Stephen Case is the largest individual shareholder, holding 61% of the shares outstanding. Major institutional owners and shareholders include TSP Capital Management Group, LLC, Valueworks Llc, BlackRock, Inc., Vanguard Group Inc, Comprehensive Financial Management LLC, Dimensional Fund Advisors Lp, Vanguard Total Stock Market Index Fund Investor Shares (VTSMX), Oppenheimer & Co Inc, iShares Russell 2000 ETF (IWM), and Geode Capital Management, Llc. Institutions hold approximately 24.55% of the stock.