Maui Land & Pineapple Company, Inc. (MLP)
Maui Land & Pineapple Company, Inc. is a real estate development and land management company based in Hawaii. They operate through real estate sales, leasing, and resort amenities.
Company Overview
Maui Land & Pineapple Company (MLP) offers investors a unique opportunity to capitalize on Hawaiian real estate development and land management, leveraging its extensive land holdings and established presence in the Kapalua Resort area, despite current profitability challenges.
Investment Thesis
Investing in Maui Land & Pineapple Company (MLP) presents a unique opportunity to participate in the long-term appreciation of Hawaiian real estate. The company's significant land holdings (23,000 acres) on Maui represent a valuable asset base. Upcoming real estate development projects within the Kapalua Resort area could serve as catalysts for revenue growth. While the company currently faces profitability challenges, as reflected in its negative P/E ratio of -30.25 and a negative profit margin of -61.6%, successful execution of its development plans and improved operational efficiency could drive significant value creation. The company's low beta of 0.65 suggests lower volatility compared to the broader market. The investment thesis hinges on MLP's ability to unlock the value of its land assets through strategic development and efficient management.
Key Highlights
- Owns approximately 23,000 acres of land on the island of Maui, Hawaii, providing a substantial asset base.
- Operates three segments: Real Estate, Leasing, and Resort Amenities, offering diversified revenue streams.
- Gross margin of 30.6% indicates potential for improved profitability through cost management and pricing strategies.
- Provides essential water resources to West and Upcountry Maui through its Leasing segment, demonstrating its importance to the local community.
- Market capitalization of $0.34 billion reflects the company's current valuation in the market.
Competitors
Strengths
- Significant land holdings on Maui.
- Diversified operations across real estate, leasing, and resort amenities.
- Control over essential water resources.
- Established brand presence in the Kapalua Resort area.
Weaknesses
- Negative profit margin and P/E ratio.
- Limited number of employees.
- Dependence on the Hawaiian economy and tourism industry.
- Potential for delays in real estate development projects.
Catalysts
- Upcoming: Completion of new phases of real estate development within the Kapalua Resort.
- Ongoing: Increased demand for luxury residential properties in Maui.
- Ongoing: Expansion of the Kapalua Club membership base.
- Ongoing: Strategic partnerships with local businesses and organizations.
Risks
- Potential: Delays in obtaining necessary permits and approvals for real estate development projects.
- Potential: Fluctuations in the Hawaiian real estate market and tourism industry.
- Ongoing: High operating costs and expenses.
- Ongoing: Competition from other real estate developers and resort operators.
- Potential: Natural disasters impacting the company's assets and operations.
Growth Opportunities
- Expansion of Real Estate Development: MLP can capitalize on the high demand for luxury residential properties in Maui by developing new phases within the Kapalua Resort and other land holdings. The luxury real estate market in Hawaii is projected to grow at 5-7% annually over the next five years, presenting a significant opportunity for MLP to increase its revenue and profitability. Successful execution depends on obtaining necessary permits and managing construction costs effectively.
- Strategic Land Leasing: The Leasing segment can expand its revenue base by attracting new commercial and agricultural tenants to its properties. With increasing demand for locally sourced agricultural products, MLP can lease land to farmers and food producers, contributing to the local economy and generating recurring revenue. The market for agricultural land leases in Hawaii is estimated at $50 million annually.
- Enhancement of Resort Amenities: The Kapalua Club can attract new members by offering enhanced amenities and exclusive experiences. Investing in upgraded facilities, personalized services, and unique events can increase membership fees and drive revenue growth. The market for luxury club memberships in Hawaii is estimated at $20 million annually.
- Water Resource Management: MLP's water resource management operations can be expanded to serve a wider customer base in West and Upcountry Maui. With increasing concerns about water scarcity, MLP can leverage its existing infrastructure and expertise to provide reliable water services to residential, commercial, and agricultural users. The market for water services in Maui is estimated at $30 million annually.
- Sustainable Land Management Practices: Implementing sustainable land management practices can enhance MLP's brand image and attract environmentally conscious customers. By adopting eco-friendly development techniques, conserving natural resources, and supporting local communities, MLP can differentiate itself from competitors and create long-term value. The demand for sustainable real estate is growing rapidly, with consumers increasingly prioritizing environmental and social responsibility.
Opportunities
- Expansion of real estate development within Kapalua Resort.
- Strategic land leasing to commercial and agricultural tenants.
- Enhancement of resort amenities to attract new members.
- Implementation of sustainable land management practices.
Threats
- Economic downturns affecting the Hawaiian real estate market.
- Increased competition from other real estate developers.
- Changes in government regulations and permitting processes.
- Natural disasters such as hurricanes and volcanic eruptions.
Competitive Advantages
- Extensive Land Holdings: Owning approximately 23,000 acres of land on Maui provides a significant competitive advantage.
- Established Presence: A long history and established presence in the Kapalua Resort area.
- Water Resource Management: Control over essential water resources provides a unique advantage.
- Brand Recognition: Strong brand recognition associated with the Maui Land & Pineapple name.
About
Founded in 1909, Maui Land & Pineapple Company, Inc. (MLP) has a long history deeply intertwined with the development of the island of Maui, Hawaii. Originally focused on pineapple cultivation, the company has evolved into a diversified real estate development and land management firm. MLP owns approximately 23,000 acres on Maui and operates through three segments: Real Estate, Leasing, and Resort Amenities. The Real Estate segment is involved in land planning, entitlement, development, and sales, focusing on its extensive landholdings. It also provides brokerage services for properties within the Kapalua Resort and surrounding areas. The Leasing segment generates revenue by leasing commercial, agricultural, and industrial properties, licensing trademarks, and providing stewardship and conservation services. This segment also manages critical water resources, operating ditches, reservoirs, and well systems that supply potable and non-potable water to West and Upcountry Maui. The Resort Amenities segment manages the Kapalua Club, a private club offering members access to amenities and special programs within the Kapalua Resort. MLP's strategic focus remains on maximizing the value of its land assets through carefully planned development and sustainable land management practices.
What They Do
- Develops residential, resort, commercial, agricultural, and industrial real estate properties.
- Manages and sells landholdings on the island of Maui.
- Provides licensed general brokerage services for properties in the Kapalua Resort area.
- Leases commercial, agricultural, and industrial land and properties.
- Licenses registered trademarks and trade names.
- Provides stewardship and conservation services.
- Operates ditches, reservoirs, and well systems for water distribution.
- Manages the Kapalua Club, a private non-equity club program.
Business Model
- Generates revenue through the sale of real estate properties.
- Earns rental income from leasing commercial, agricultural, and industrial land.
- Collects licensing fees for the use of its trademarks and trade names.
- Receives membership fees from the Kapalua Club.
- Provides water services for a fee.
Industry Context
Maui Land & Pineapple Company operates within the real estate services industry, which is influenced by macroeconomic factors, interest rates, and tourism trends. The Hawaiian real estate market is characterized by high demand and limited supply, creating a favorable environment for land developers. Competition includes other real estate developers, property management companies, and resort operators. Competitors like ARL, BRT, CIO, DOUG, and FVR also operate in the broader real estate sector, but MLP's specific focus on Maui and its extensive land holdings differentiate it. The industry is seeing increased demand for sustainable development and eco-tourism, which MLP can capitalize on with its land management practices.
Key Customers
- Residential homebuyers seeking properties in Maui.
- Commercial tenants leasing land for business operations.
- Agricultural tenants leasing land for farming.
- Industrial tenants leasing land for manufacturing and warehousing.
- Members of the Kapalua Club.
Financials
Recent Quarterly Results
| Quarter | Revenue | Net Income | EPS |
|---|---|---|---|
| Q4 2011 | $4M | $0 | $0.00 |
| Q3 2011 | $3M | $0 | $0.00 |
| Q2 2011 | $5M | $0 | $0.00 |
| Q1 2011 | $6M | $0 | $0.00 |
Source: Company filings
Chart & Info
Price Chart
Maui Land & Pineapple Company, Inc. (MLP) stock price: $16.78 (+0.00, +0.00%)
Why Bull
- •Recent insider buying suggests those in the know see long-term value, similar to how insiders loaded up on Apple before major product launches.
- •The community is buzzing about potential land development projects, signaling strong future growth expectations.
- •Positive sentiment is building around Maui Land & Pineapple's commitment to sustainable practices, aligning with growing ESG investment trends.
- •The overall market perception of real estate assets as inflation hedges is boosting confidence in MLP's intrinsic value.
Why Bear
- •Community concerns are rising about potential overvaluation given recent price increases, mirroring worries about the dot-com bubble.
- •Recent market developments suggest increased regulatory scrutiny on land use permits in Hawaii, potentially delaying projects.
- •Bearish community views highlight the company's limited diversification beyond real estate, raising concerns about vulnerability to market downturns.
- •Insider activity, while showing buys, also reveals some selling, indicating mixed opinions on the company's short-term prospects.
Latest News
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Alerian MLP ETF Declares First Quarter Distribution of $1.01
businesswire.com · Feb 11, 2026
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3 Oil Pipeline MLP Stocks Shining Despite Industry Headwinds
zacks.com · Feb 3, 2026
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Midstream/MLP Payouts Rise to Start 2026
etftrends.com · Jan 28, 2026
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Maui Land & Pineapple (NYSE:MLP) Stock Passes Above 50-Day Moving Average – What’s Next?
defenseworld.net · Jan 27, 2026
Technical Analysis
Rationale
AI-generated technical analysis for MLP including trend direction, momentum, and pattern recognition.
What to Watch
Key support and resistance levels, volume signals, and upcoming events.
Risk Management
Position sizing, stop-loss levels, and risk-reward assessment.
Community
Discussion
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Sentiment
Community sentiment and discussion activity for MLP.
Make a Prediction
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Current price: $16.78
Analyst Consensus
Consensus Rating
Aggregated Buy/Hold/Sell recommendations from Benzinga, Yahoo Finance, and Finnhub for MLP.
Price Targets
Wall Street price target analysis for MLP.
Insider Flow (30d)
MoonshotScore
Score Factors
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Revenue Growth 6/100
Revenue increased 24.5% YoY, reflecting moderate but steady business growth.
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Gross Margin 6/100
Gross margin of 30.6% is acceptable but leaves limited room for R&D and marketing investment.
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Operating Leverage 6/100
Revenue growth is driving operating leverage, meaning profits can grow faster than costs.
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Cash Runway 5/100
Limited cash of $7M could constrain flexibility; watch for dilution risk or debt issuance.
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R&D Intensity 5/100
R&D spending data is currently unavailable for this company.
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Insider Activity 6/100
No significant insider buying or selling recently, which is neutral for the stock outlook.
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Short Interest 5/100
Low turnover of 0.18% creates liquidity risk; large orders may impact the stock price.
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Price Momentum 6/100
Mixed technical signals (above sma50, above sma200); price trend is inconclusive and may consolidate.
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News Sentiment 5/100
No sentiment data available
What does this score mean?
The MoonshotScore rates MLP's growth potential on a scale of 0-100 across multiple factors including innovation, market disruption, financial health, and momentum.
Competitors & Peers
Latest News
Alerian MLP ETF Declares First Quarter Distribution of $1.01
3 Oil Pipeline MLP Stocks Shining Despite Industry Headwinds
Midstream/MLP Payouts Rise to Start 2026
Maui Land & Pineapple (NYSE:MLP) Stock Passes Above 50-Day Moving Average – What’s Next?
Frequently Asked Questions
What does Maui Land & Pineapple Company, Inc. do?
Maui Land & Pineapple Company, Inc. (MLP) is a real estate development and land management company based in Hawaii. It operates through three segments: Real Estate, Leasing, and Resort Amenities. The Real Estate segment focuses on developing and selling properties on Maui. The Leasing segment leases commercial, agricultural, and industrial land. The Resort Amenities segment manages the Kapalua Club. MLP's business model centers around maximizing the value of its extensive land holdings through strategic development, leasing, and management of resort amenities.
Is MLP stock a good buy?
MLP stock presents a speculative investment opportunity. While the company owns valuable land assets and has potential for growth through real estate development, it currently faces profitability challenges, as indicated by its negative P/E ratio and profit margin. Investors should carefully consider the risks and potential rewards before investing in MLP. Key factors to consider include the company's ability to execute its development plans, manage costs effectively, and capitalize on growth opportunities in the Hawaiian real estate market. A positive outlook on the Hawaiian economy and real estate market is crucial for a bullish investment thesis.
What are the main risks for MLP?
The main risks for MLP include economic downturns affecting the Hawaiian real estate market, increased competition from other real estate developers, and potential delays in obtaining necessary permits and approvals for real estate development projects. The company's high operating costs and expenses also pose a risk to its profitability. Furthermore, natural disasters such as hurricanes and volcanic eruptions could significantly impact the company's assets and operations. Investors should be aware of these risks and carefully assess their potential impact on MLP's financial performance.
Is MLP a good stock to buy?
Whether MLP is a good investment depends on your financial goals, risk tolerance, and investment horizon. Review the Investment Thesis, SWOT analysis, and Risk sections on this page. Always do your own research and consult a financial advisor before investing.
What is the MLP MoonshotScore?
MoonshotScore is our proprietary AI-powered rating system that evaluates stocks based on growth potential, financial health, market momentum, and risk factors. It helps investors quickly identify high-potential opportunities. Check the MoonshotScore badge on this page for the current rating.
How often is MLP data updated?
Stock prices are updated in real-time during market hours (9:30 AM - 4:00 PM ET). Company fundamentals, analyst ratings, and AI insights are refreshed daily. News is updated continuously throughout the day.
What are the growth catalysts for MLP?
Growth catalysts vary by company and may include new product launches, market expansion, earnings surprises, partnerships, or industry tailwinds. Check the Catalysts section on this page for specific drivers relevant to Maui Land & Pineapple Company, Inc..
Who are MLP's main competitors?
Maui Land & Pineapple Company, Inc.'s competitors depend on its industry and market segments. Check the Competitors section on this page for a list of direct competitors and how MLP compares.
What do analysts say about MLP?
Analyst ratings and price targets for MLP are aggregated from multiple sources. Check the Analyst Consensus tab for buy/hold/sell ratings and the current consensus price target.
What is MLP's market cap?
Market capitalization reflects the total market value of MLP's outstanding shares. Check the Key Statistics section at the top of this page for the current market cap and other key financial metrics.
How has MLP stock performed recently?
Check the Chart & Info tab for MLP's recent price action, including daily, weekly, and monthly performance charts with technical indicators.
What are the risks of investing in MLP?
Every stock carries risk. Check the Risks and Weaknesses sections on this page for MLP-specific risk factors. Consider macroeconomic conditions, industry trends, and company-specific challenges.
Are insiders buying or selling MLP?
Insider activity can signal management confidence. Check the Insider Flow tab for recent insider buys, sells, and exercise transactions for MLP.
Is MLP a good stock for beginners?
Maui Land & Pineapple Company, Inc. (MLP) can be suitable for beginner investors depending on several factors. Look at the MoonshotScore on this page for an overall AI-powered assessment of growth potential and risk. Beginners should also check the company's market cap (larger companies tend to be less volatile), gross margin (higher margins mean stronger business fundamentals), and cash position (healthy cash reduces bankruptcy risk). Always start with a small position size and never invest money you cannot afford to lose.
How risky is MLP for first-time investors?
Every stock carries risk, including Maui Land & Pineapple Company, Inc. (MLP). First-time investors should review the Risk Factors section on this page for company-specific risks. Key risk indicators include price volatility (check the chart for daily swings), insider selling activity (see Insider Flow tab), and cash runway (see MoonshotScore breakdown). A diversified portfolio with an index fund like the S&P 500 as a core holding is generally recommended before adding individual stocks like MLP.
Disclaimer: This content is for informational purposes only and does not constitute investment advice. Always do your own research and consult a financial advisor.
Data provided for informational purposes only.
- Stock data pending update.
- Financial data based on the most recent available information.