Maui Land & Pineapple Company Inc

Maui Land & Pineapple Company, Inc. reported a wider year-over-year loss for the second quarter of 2026, yet its shares have gained 1.1% since the results, outperforming the S&P 500's 1.1% decline over the same period. Operating revenues fell 19.6% to $3.7 million, while net loss widened 63% to $1.6 million, or 8 cents per share, from $999,000, or 5 cents per share, a year earlier. The sharper loss reflected weaker land-development activity and higher corporate expenses, partly offset by growth in recurring-revenue businesses and lower pension costs. Commercial real estate leasing revenues rose 4.9% to $2 million, and land leasing and management revenues advanced 16.1% to $1.5 million, but land development and sales revenues dropped 83.7% to $235,000. CEO Race Randle said the company is reinvesting in development projects to produce land sales over time, and management highlighted a stronger development pipeline and the appointment of Ryan Panopio as chief investment officer. The company also agreed to sell an 8.783-acre Kapalua parcel for $10 million and entered a memorandum of understanding with the County of Maui regarding a potential sale of water assets.