Quarterly ResultMay 15, 2026, 04:38 PM
Maui Land & Pineapple Q1 Net Loss $(2.06)M; Revenue $3.41M
AI Summary
Maui Land & Pineapple Company, Inc. reported a reduced net loss of $(2.059) million for the first quarter ended March 31, 2026, compared to $(8.640) million in the prior year, despite a decrease in total operating revenues to $3.405 million. The company highlighted significant progress in repositioning its asset portfolio, including over $11 million in contracted land sales and $12 million in new property listings. Additionally, Maui Land & Pineapple revised its reportable segments to four new operating segments—Land Development & Sales, Commercial Real Estate Leasing, Land Leasing & Management, and Agribusiness Ventures—to enhance transparency and align with its strategic plans.
Key Highlights
- Net Loss was $(2.059) million for Q1 2026, significantly down from $(8.640) million in Q1 2025.
- Total Operating Revenues decreased to $3.405 million in Q1 2026 from $5.804 million in Q1 2025.
- Over $11 million in binding land sales are currently in escrow.
- An additional $12 million of parcels are publicly listed for active sale.
- Commercial Real Estate Leasing achieved 93% occupancy in its portfolio.
- Leased agricultural lands increased by 33.73% (1,581 acres) to 6,268 acres.
- Agribusiness Ventures spent $0.3 million in Q1 2026, with a total investment of $2.0 million to date.
- Adjusted EBITDA (Loss) was $(891) thousand for Q1 2026, compared to $200 thousand in Q1 2025.
Price Impact
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