MAUI LAND+PINEAPPLE DL-01

Maui Land & Pineapple has named Ryan Panopio chief investment officer; the position was newly created to manage the project pipeline and the real estate portfolio. The company reported Q1 2026 revenue up 24.5% to $11.5 million and contracted land sales of more than $11 million. Over the last twelve months revenue grew 14.6% to $17.06 million, but the company was not profitable (basic EPS -$0.20) and the stock appears, according to analysis, to be above its fair value. » Więcej na de.investing.com

Maui Land & Pineapple on January 28 executed a purchase agreement for a 30-acre vacant parcel in Lahaina with CEO Race A. Randle for $1.2 million; the board approved the transaction after an appraisal indicated the purchase price was above market value. Randle will pay an immediate deposit of $50,000 and an additional $50,000 after a 90-day due-diligence period; deposits are non‑refundable if the sale proceeds, otherwise they will be returned with interest. The agreement includes a value adjustment mechanism on the fifth anniversary, an obligation to use the property as a primary residence, a buyback option in case of noncompliance, and a declining profit-sharing arrangement if the property is sold before year ten. Additionally, the company increased its revolving credit line with First Hawaiian Bank from $15 million to $25 million and entered a $10 million purchase agreement for a 6.5-acre parcel in Kapalua. » Więcej na de.investing.com

Maui Land & Pineapple signed agreements with First Hawaiian Bank to raise its revolving credit line from $15 million to $25 million and extend the maturity to Dec. 31, 2030. The terms allow revolving loans and term loans, conversion to term loans with up to 10-year maturities (potentially maturing as late as 2040), and interest rates near the prime rate minus 1.125 percentage points. Collateral consists of three commercial properties in the Kapalua Resort totaling about 30,000 sq ft; approximately $3 million was outstanding under the facility as of Dec. 22. The company has also agreed to sell a 6.5-acre parcel in Kapalua to Harvest at Kumulani Chapel for $10 million. » Więcej na de.investing.com