FRP Earnings Reports

FRP Holdings reported Q4 2024 revenue of $10.53 million, reflecting a 4.2% year-over-year increase. Net income decreased by 41.7% to $1.68 million, with an EPS of $0.09. The company saw strong performance in its Mining Royalty segment, which grew revenue by 19% and segment NOI by 34%. However, operating profit declined due to higher general and administrative expenses and increased joint venture losses.

FRP Holdings reported an 8% increase in net income and a 39% increase in pro rata NOI compared to the same period last year. The growth in pro rata NOI was driven by increases across all segments, particularly in the Mining and Royalties segment.

FRP Holdings reported a 242% increase in net income and a 21% increase in pro rata NOI for the second quarter of 2024. The Multifamily and Industrial and Commercial segments were the primary drivers of this increase.

FRP Holdings, Inc. announced first quarter results with net income of $1.3 million, or $0.07 per share, driven by a 22% increase in pro-rata NOI. The company is shifting its development focus towards industrial projects and expanding into new markets in Florida.

FRP Holdings reported a net income of $2,880,000 or $.30 per share for the fourth quarter of 2023, compared to $2,756,000 or $.29 per share in the same period last year. The company experienced revenue increases in the Industrial and Commercial segment, while the Multifamily segment saw a slight decrease in revenue.

FRP Holdings reported a net income of $1,259,000 or $0.13 per share for the third quarter of 2023, compared to $480,000 or $0.05 per share in the same period last year. The increase was primarily driven by strong performance in the Asset Management and Mining Royalty Lands segments.

FRP Holdings reported net income of $598,000, or $0.06 per share, for the second quarter of 2023, compared to $657,000, or $0.07 per share, for the same period last year. The company experienced revenue growth in its Asset Management and Mining Royalty Lands segments, while the Stabilized Joint Venture segment saw a decrease in pro-rata net operating income due to the sale of a 20% TIC interest.

FRP Holdings, Inc. reported net income of $565,000, or $0.06 per share, for the first quarter of 2023, compared to $672,000, or $0.07 per share, for the same period last year. The results were influenced by various factors across its asset management, mining royalty lands, and stabilized joint venture segments.

FRP Holdings, Inc. announced its Q4 2022 results, reporting a net income of $2,756,000 or $0.29 per share, compared to a net loss of $(592,000) or $(0.06) per share in the same period last year. The company saw revenue growth in its Asset Management, Mining Royalty Lands, and Stabilized Joint Venture segments.

FRP Holdings, Inc. reported net income of $480,000 or $.05 per share for the third quarter of 2022, compared to $352,000 or $.04 per share in the same period last year. The company experienced revenue growth across multiple segments, including Asset Management, Mining Royalty Lands, and Stabilized Joint Venture.

FRP Holdings, Inc. reported a net income of $657,000, or $0.07 per share, for the second quarter of 2022, compared to $82,000, or $0.01 per share, in the same period last year. The company saw revenue increases in its Asset Management, Mining Royalty Lands, and Stabilized Joint Venture segments.

FRP Holdings, Inc. reported a decrease in net income for the first quarter of 2022, primarily due to a gain in the previous year from the remeasurement of investment. However, the company saw revenue growth in its Asset Management, Mining Royalty Lands, and Stabilized Joint Venture segments.

FRP Holdings reported a net loss of $(592,000) for Q4 2021, compared to a net income of $1,493,000 in the same period last year. Revenue increases in the Stabilized Joint Venture segment were offset by decreases in the Asset Management and Mining Royalty Lands segments. The consolidation of The Maren positively impacted NOI and cash flow, although increased depreciation affected net income.

FRP Holdings reported a net income of $352,000, or $0.04 per share, for the third quarter of 2021, compared to $5,455,000, or $0.57 per share, in the same period last year. The results were impacted by various factors, including a decrease in revenues in the Asset Management and Mining Royalty Lands segments, and increased expenses related to the consolidation of The Maren in the Stabilized Joint Venture segment.

FRP Holdings reported a net income of $82,000, or $0.01 per share, for the second quarter of 2021, a decrease compared to the $4,149,000, or $0.43 per share, in the same period last year. The company saw revenue increases in its Mining Royalty Lands and Stabilized Joint Venture segments, offset by a revenue decrease in the Asset Management segment. The consolidation of The Maren had a significant impact on the Stabilized Joint Venture segment's financials.

FRP Holdings, Inc. reported a substantial increase in net income for the first quarter of 2021, driven by strong performance across its segments. The company also completed a refinancing of Dock 79 and secured permanent financing for The Maren.

FRP Holdings reported a net income of $393,000, or $0.04 per share, for the fourth quarter of 2020. The company saw record results in its mining royalties business and made progress on new developments, while also repurchasing shares and maintaining a strong cash position.

FRP Holdings reported a strong third quarter with increased net income driven by strategic asset sales and improved performance in the Asset Management and Mining Royalty segments. The company continued to invest in development projects and repurchase shares, while maintaining a strong liquidity position despite the ongoing challenges posed by COVID-19.

FRP Holdings reported a net income of $4.149 million, or $0.43 per share, for the second quarter of 2020, compared to $9.825 million, or $0.99 per share, for the same period last year. The results were impacted by the absence of income from discontinued operations and a decrease in mining royalty revenues, though the company saw successes in leasing and property sales amidst the COVID-19 pandemic.

FRP Holdings reported a net income of $1.618 million, or $0.15 per share, for the first quarter of 2020, compared to $1.898 million, or $0.19 per share, for the same period last year. The results were impacted by the cessation of double minimums at the Lake Louisa property and the ongoing COVID-19 pandemic.