earnings
confidence high
sentiment positive
materiality 0.70
FRP Holdings Q2 net income rises to $0.07 per share; asset management revenue up 55% YoY
FRP HOLDINGS, INC.
2022-Q2 EPS reported
$0.14
revenue$18,335,000
- Q2 2022 net income $657K ($0.07 EPS) vs $82K ($0.01 EPS) in Q2 2021.
- Asset Management revenue $912K (+55.1% YoY) driven by Cranberry Run fully leased.
- Mining Royalty Lands revenue $2.883M, highest second-quarter total in segment history.
- Stabilized JV NOI $3.533M (+16.3% YoY); Dock 79 renewals up 7.33%, Maren renewals up 4.60%.
- Six-month net income $1.33M vs $28.5M last year which included $51.1M gain on Maren consolidation.