Maui Land Q2 Revenue Jumps 103%

Maui Land & Pineapple (NYSE:MLP), the landowner and developer behind West Maui’s Kapalua Resort and commercial properties, reported GAAP earnings for the first half of FY2025 on Aug. 14, 2025. The most notable update was a 103% year-over-year increase in GAAP revenue, reaching $10.4 million for the six months ended June 30, 2025, as both leasing and land development expanded. However, GAAP net loss ballooned to $9.6 million from $3.2 million a year ago for the six months ended June 30, 2025, mainly due to a one-time, non-cash pension charge related to the annuitization of retirement liabilities. There are no Wall Street estimates for comparison. Overall, the period was marked by strong operational progress partially masked by temporary expenses at the bottom line.Maui Land & Pineapple operates mainly by leasing commercial, industrial, and agricultural properties, developing and selling land, and providing resort amenities at Kapalua Resort. It owns approximately 22,300 acres on the island of Maui as of December 31, 2024, and continues efforts to realize more value from these holdings through new projects and asset sales.Leasing is the company's largest and most stable revenue source, but it has increased focus on activating underused land for development or agriculture. Success depends on efficiently navigating government approval processes for land sales, maintaining high commercial property occupancy, and controlling development and operating costs. Resort amenities, though smaller, play a role in supporting its destination appeal.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool