Overview

* Maui Land & Pineapple ( MLP ) Q3 operating revenues up 83.1% yr/yr, driven by leasing growth

* Company's recurring leasing revenue increased 39% year-to-date compared to 2024

* Net loss increased due to $6.9 mln pension expense, impacting financial results

Outlook

* Company anticipates continued increases in recurring net operating income as occupancy stabilizes

* Company expects to reduce share-based compensation expenses in future periods

Result Drivers

* LEASING REVENUE - Co reports 39% increase in recurring leasing revenue year-to-date due to new tenants and improved occupancy

* LAND DEVELOPMENT - Sale of three land parcels contributed to improved net operating income in land development segment

* AGRICULTURE VENTURE - Co launched new agave agriculture venture, planting 15,000 plants to develop value-added products

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

9M Net -$9.40

Income mln

9M Basic -$0.48

EPS

9M -$2.85

Operatin mln

g Income

Press Release:

For questions concerning the data in this report, contact [email protected]. For any other questions or feedback, contact .

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)