Quarterly ResultMay 15, 2026, 04:46 PM
Maui Land & Pineapple Q1 Net Loss $(2.06)M; EPS $(0.10)
AI Summary
Maui Land & Pineapple Company reported a significantly reduced net loss of $(2.06) million, or $(0.10) per share, for the first quarter of 2026, compared to a net loss of $(8.64) million, or $(0.44) per share, in the prior year. The company highlighted progress in repositioning its asset portfolio, including over $11 million in contracted land sales and $12 million in new property listings. It also revised its reportable segments to enhance transparency and better reflect its business strategy.
Key Highlights
- Net loss for Q1 2026 was $(2.059) million, a significant improvement from $(8.640) million in Q1 2025.
- Basic and diluted net loss per common share was $(0.10) for Q1 2026, compared to $(0.44) in Q1 2025.
- Total operating revenues for Q1 2026 were $3.405 million, down from $5.804 million in Q1 2025.
- The company has $11.2 million in binding land sales in escrow and $12.0 million of parcels listed for active sale.
- Commercial Real Estate Leasing segment achieved a 93% occupancy level in its portfolio.
- Leased agricultural lands increased by 33.73%, or 1,581 acres, to a total of 6,268 acres.
- Agribusiness ventures spent $0.3 million in Q1 2026 on advancing drought-resistant blue agave cultivation.
Price Impact
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