secwatch.observer — SEC 8-K summary
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Issuer:     FRP HOLDINGS, INC. (FRPH)
CIK:        0000844059
Form:       8-K
Filed at:   2021-08-03T23:59:59+00:00
Accession:  0000844059-21-000020
Event type: earnings
Sentiment:  neutral
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

FRP Holdings Q2 net income drops to $82K ($0.01/sh) from $4.1M; mining royalty revenue hits record
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- Q2 net income attributable $82K vs $4.1M YoY; EPS $0.01 vs $0.43; six-month net income $28.5M includes $51.1M Maren remeasurement gain.
- Mining royalty segment revenue $2.63M (+9.7% YoY) – record for any Q2 and first six months in segment history.
- Stabilized JV segment NOI up 83.6% to $3.04M, driven by Maren consolidation; Dock 79 avg occupancy 95.7%.
- Maren 94.7% leased/93.9% occupied; Dock 79 occupancy above 94% for third consecutive quarter.
- Refinanced $180M combined loan for Dock 79 and Maren at 3.03%, down from 4.125%, with 12-year principal deferral.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/844059/000084405921000020/0000844059-21-000020-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/844059/000084405921000020/frphjunq21pr8k.htm
  HTML page:      https://secwatch.observer/filing/0000844059-21-000020

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer