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Stock impact report

Maui Land & Pineapple Company Reports Fiscal 2024 Third Quarter Results [Yahoo! Finance]

Maui Land & Pineapple Company, Inc. (MLP) 
US:NYSE Investor Relations: zillow.com/maui-county-hi/land
Company Research Source: Yahoo! Finance
“Our third-quarter results demonstrate strong momentum across all business segments, with an 18.6% increase in revenue compared to last year,” said CEO Race Randle. “We're encouraged by this growth as we continue making strategic investments in our portfolio of commercial properties and landholdings. This includes progressing the planning on over 3,500 acres in West Maui and over 600 acres in Hali‘imaile, with improvements and value uplift to occur over the next several years. These initiatives reinforce our commitment to addressing community needs and delivering long-term value to our shareholders.” Third Quarter 2024 Highlights Strategic investments to elevate and enhance our commercial centers has contributed to an approximately 19% increase in leased area for the nine months ended September 30, 2024. Due to this improved occupancy, a recent land sale of a non-strategic parcel, and operational improvements of resort amenities, the company has experienced an 18.6% growth in ove Show less Read more
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