Maui Land & Pineapple Company, Inc. (MLP) is a Hawaiian real estate and land management company that stewards approximately 22,300 acres of land and over 240,000 square feet of commercial property on the island of Maui. Founded in 1909 and originally renowned for its pineapple cultivation, the company exited the agricultural business in 2009 to focus entirely on real estate and land management.
The company operates through three primary business segments: Leasing, Resort Amenities, and Land Development & Sales. The Leasing segment is the dominant revenue driver, accounting for approximately 83% of total operating revenues in 2024. This segment manages commercial, industrial, and agricultural land leases, licenses registered trademarks, and oversees water utilities for West and Upcountry Maui communities. The Resort Amenities segment (12% of 2024 revenues) manages the Kapalua Club, a private non-equity club offering exclusive privileges at the Kapalua Resort. The Land Development & Sales segment (5% of 2024 revenues) focuses on the planning, entitlement, and development of residential, resort, and commercial real estate, as well as the strategic sale of non-core land parcels.
Geographically, MLP's operations and assets are entirely concentrated on the island of Maui, Hawaii. The company's competitive position is anchored by its extensive, historically acquired land bank, which includes the world-renowned Kapalua Resort and the Pu'u Kukui Watershed Preserve, one of the largest private nature preserves in Hawaii.
