FRP Holdings reports FY 2021 net income $28.2M ($3.00/sh), NOI +22%; Q4 net loss $592K

FRP HOLDINGS, INC.

FY 2021 net income $28.2M ($3.00 diluted EPS) vs $12.7M ($1.32) last year.
Net Operating Income grew 22.11% to $20.82M from $17.05M in 2020.
Stabilized JV segment revenue up $7.4M to $17.6M after consolidating The Maren in April.
Mining royalty revenue flat at $9.47M; operating profit $8.24M.
Portfolio expanded: 687 new multifamily units (+120.7%) and industrial sq ft +54.4% to 413,327.

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