FRP Holdings Q3 2022 net income $480k ($0.05 EPS); pro-rata NOI up 41.6% YoY

FRP HOLDINGS, INC.

2022-Q3 EPS reported $0.19 revenue$27,629,000

Net income $480k vs $352k YoY; EPS $0.05 vs $0.04; nine-month net income $1.81M vs $28.8M (prior year included $51.1M gain on remeasurement).
Pro-rata NOI $6.24M (+41.6%); mining royalty revenue $2.47M (+9.85%) – highest nine-month total in segment history.
Stabilized JV: Dock 79 renewals +6.09%, The Maren +8.06%; Riverside achieved stabilization (95% leased, 92% occupied).
Asset Mgmt revenue up 51.1% to $935k; all industrial assets 100% leased; Hollander building shell completion expected by end of 2022.
Purchased 170 acres near North East, MD for $6.5M (900k sf warehouse); invested $3.6M in Estero, FL JV with 8% preferred return.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

FRP HOLDINGS, INC. reported third quarter ended September 30, 2022 results: net income $480,000, EPS $.05 per share.

Period: third quarter ended September 30, 2022
Net income: $480,000
EPS: $.05 per share
Result: reported results

Exact text from the filing

Net income for the third quarter of 2022 was $480,000 or $.05 per share

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36 earnings releases filed in the last 30 days. Browse all earnings releases →

FRP HOLDINGS, INC. filing history →

Source: SEC EDGAR

accession 0000844059-22-000033

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