Research Reports

Key takeaways

MOU with County of Maui covers potential sale of West Maui water system and other assets, including Honokōhau Ditch System and Puʻu Kukui Watershed lease.

Transaction is non-binding; conditions must be satisfied and County Council approval required; no assurance of definitive agreement.

Consideration includes monetary and non-monetary items such as water credits and land use support to facilitate housing development on MLP's landholdings.

Full analysis

The MOU marks a milestone in MLP's strategic review of water-related assets, initiated in September 2025. While non-binding, it sets a framework for transferring key infrastructure to public ownership, increasing County stewardship of West Maui drinking water systems from 45% to 93%. The transaction also supports MLP's goal of activating its land portfolio for housing development. Key terms include professional appraisals for valuation, budget allocations by the County, and conditions that must be met before final agreements. Investors should monitor progress on definitive agreements and Council approval.

MLP · Maui Land & Pineapple Company, Inc.

Summary

Key takeaways

Full analysis