Maui Land & Pineapple (MLP)
Owns Maui land, commercial properties, water assets, and emerging agave operations.
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Runs a small Maui real-estate platform across land development, commercial leasing, land management, and agribusiness. The portfolio is concentrated in Kapalua and Haliimaile, with execution shaped by entitlement timing, tenant demand, water-infrastructure decisions, conservation obligations, and local community needs.
Owns and operates a Maui-centered land platform built around Land Development and Sales, Commercial Real Estate Leasing, Land Leasing and Management, and Agribusiness Ventures. The asset base sits in West Maui and Upcountry Maui, with commercial space in Kapalua Resort and Haliimaile Town Center.
Generates activity through land planning and sales, tenant leasing, agricultural land leases, utilities, watershed and conservation work, resort amenities, and a blue agave venture. The operating model is a small team turning legacy plantation and resort assets toward productive local uses.
Depends on entitlement schedules, leasing absorption, infrastructure operations, and Maui public-policy decisions. Water assets are under negotiation with county authorities, and the business remains tied to community needs for housing, food, water, and conservation.
Company facts
No analyst consensus on record.
EPSReportedEstimate
RevenueReportedEstimate
Balance sheet, Jun 30, 2026Cash & short-term investments $3.3M · Total debt $9.3M · Total assets $49.6M · Shareholders' equity $31.1M
- Revenue
- $3.7M
- Operating income
- −$1.8M
- Net income
- −$1.6M
No dividends on record.
| Institutions | 23.75% | 4.72M shares | |
|---|---|---|---|
| 68 holders · as of Jun 30, 2026 | |||
| Insiders | 62.66% | 12.44M shares | |
| 9 holders · as of Jul 7, 2026 | |||
| Other | 13.59% | 2.70M shares | |
| remainder | |||
19.86M company shares as of Sep 22, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing
Top shareholders13F · 13D/G · Form 4
| Holder | Stake | Shares | Date |
|---|---|---|---|
Stephen M. CaseInsiderdirector, 10 percent owner | 60.73% | 12.06M | filed Mar 5, 2026 |
Valueworks LLCInstitution | 6.23% | 1.24M | as of Jun 30, 2026 |
TSP Capital Management Group, LLCInstitution | 5.53% | 1.10M | as of Jun 30, 2026 |
BlackRock, Inc.Institution | 2.83% | 562,105 | as of Jun 30, 2026 |
Vanguard Capital Management LLCInstitution | 1.60% | 317,170 | as of Jun 30, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Dec 12, 2025 | Stephen M. Case | director, 10 percent owner: | +300 | $17.00 |
| Dec 11, 2025 | Stephen M. Case | director, 10 percent owner: | +5,000 | $16.79 |
| Dec 8, 2025 | Stephen M. Case | director, 10 percent owner: | +3,000 | $16.38 |
| Dec 9, 2025 | Stephen M. Case | director, 10 percent owner: | +450 | $16.29 |
| Dec 3, 2025 | Stephen M. Case | director, 10 percent owner: | +2,630 | $15.99 |
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Compare
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Maui Land & Pineapple | $16.10 | +0.75% | $317.4M | — | — | 19.7 | −19.6% |
| Howard Hughes | $66.03 | +0.66% | $3.91B | 13.3 | 20.9 | 1.6 | +330.2% |
| St. Joe | $66.64 | +3.21% | $3.68B | 30.2 | — | 6.7 | +23.0% |
| Tejon Ranch | $16.48 | +1.57% | $438.0M | 71.7 | — | 7.7 | +71.7% |
| Five Point | $4.92 | 0.00% | $349.8M | 14.1 | — | 3.0 | +157.8% |
| Forestar Group | $27.18 | +3.01% | $1.35B | 7.9 | 9.6 | 0.8 | +4.2% |
| Gladstone Land | $9.72 | +1.23% | $414.1M | — | — | 4.7 | +3.2% |
| Limoneira | $12.75 | +1.22% | $228.5M | — | 45.6 | 1.8 | −7.7% |
| Consolidated Water | $28.74 | +1.09% | $454.9M | 28.4 | 20.4 | 3.6 | −2.2% |
| Median | 21.3 | 20.6 | 3.3 | +13.6% |