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$6.6 million in combined recurring revenue for the first half of 2026 is the operating floor Maui Land & Pineapple Company (NYSE: MLP) is defending, split between $3.9 million from its commercial real estate portfolio and the balance from land leasing.
The Kapalua-based company filed an 8-K on August 14 alongside first-half results showing a reported GAAP net loss of $3.7 million, though the cash operating loss for the period was approximately $1.2 million after stripping non-cash items.
The reported GAAP loss improved $5.9 million year over year, with the delta explained almost entirely by the absence of pension-termination charges the company took in 2025.
Segment reads Commercial real estate held 93% occupancy through June 30, producing $3.9 million on a basis consistent with the prior year.
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