Maui Land & Pineapple reports FY24 EPS (38c) vs. (15c) last year

Reports FY24 operating Revenues – In 2024, MLP‘s operating revenues totaled $11.56M as compared to $9.29M in 2023, an increase of $2,276,000 or 25%. Cash and investments convertible to cash -cash and investments convertible to cash totaled $9,522,000 on December 31 an increase of $687,000 compared to $8,835,000 at December 31, 2023. “In 2024, our team made significant strides in implementing a strategic plan to put our vast portfolio to its most productive use in a way that contributes to building stronger, more resilient communities,” remarks Race Randle, CEO of Maui Land & Pineapple Company, “Our progress in advancing a broad spectrum of land and housing projects can be credited to the exceptional talent we’ve added to our board and management team paired with a renewed focus on engaging and understanding the communities we serve.” “The Company ended the year in a strong cash position, with increased operating revenue and a strong foundation for growth from an expanding volume of active, value-adding projects in the pipeline and non-strategic parcels listed for sale to fuel progress… In the past year, we increased land sales and development revenues from a variety of initial land and housing projects, grew leasing revenue across our portfolio, and continued to improve the performance of our resort amenity operations.