MLP Leads Hawai‘i Public Companies with 24.5% Revenue Growth in 2024

Pacific Business News recently recognized Maui Land & Pineapple Company as Hawai‘i’s fastest-growing public company, reporting a 24.5% increase in revenue from $9.29 million to $11.57 million.

Our next chapter of growth focuses on creating spaces for housing, jobs, food production and small business, while activating the full potential of our lands to meet Maui’s evolving needs. We’re doing this by reducing vacancy, welcoming a broader mix of tenants and reactivating key areas of our portfolio to support local growth.

“We're being very thoughtful about tenanting because our focus is really on changing the use of these spaces from a lot of industrial to a curated mix. We’re being thoughtful about how we package those tenants together so that we create a place, so we're probably not moving as quickly as others,” says CEO Race Randle.

Repurposing former agricultural lands for agave cultivation is one example of how we are rethinking land use by introducing crops that are low maintenance, drought tolerant and in high demand, while also supporting local jobs and reducing fire risk.

“Maui has massive unmet demand,” Randle shares. “For a business that owns space and land, we were really energized by the opportunity to make an impact, to meet demand in a way that creates shareholder value but also really makes an impact on local families.”

To learn more about our evolving strategy and how it’s taking root, read the full article linked here.