secwatch.observer — SEC 8-K summary
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Issuer:     FRP HOLDINGS, INC. (FRPH)
CIK:        0000844059
Form:       8-K
Filed at:   2022-11-09T23:59:59+00:00
Accession:  0000844059-22-000033
Event type: earnings
Sentiment:  positive
Materiality: 0.60
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/844059/000084405922000033/0000844059-22-000033-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/844059/000084405922000033/frph22q3_8k.htm
  HTML page:      https://secwatch.observer/filing/0000844059-22-000033

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