FRP Holdings Q4 net income $2.76M ($0.29/share) vs loss a year ago; forms $326.5M DC partnership

FRP HOLDINGS, INC.

Q4 net income $2.76M ($0.29/share) vs loss of $0.59M (-$0.06) in Q4 2021.
Pro-rata NOI increased 58.2% to $6.26M; mining royalty revenue up 28.1%; asset management revenue up 51.7%.
Sold 20% interest in Dock 79/Maren for $65.3M ($44.5M to FRPH); new SIC/MRP partnership for 10 mixed-use projects.
Mining royalty segment: FY2022 revenue $10.7M, NOI surpasses $10M for first time; operating profit $8.9M.
Subsequent event: committed $31.1M to Aberdeen Overlook residential venture at 10% interest and 20% preferred return.

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

FRP HOLDINGS, INC. reported fourth quarter and fiscal year ended December 31, 2022 results: net income Net income for the fourth quarter of 2022 was $2,756,000 or $.29 per share, EPS $.29 per share.

Period: fourth quarter and fiscal year ended December 31, 2022
Net income: Net income for the fourth quarter of 2022 was $2,756,000 or $.29 per share
EPS: $.29 per share
Result: reported results

Exact text from the filing

On March 7, 2023, FRP Holdings, Inc. issued a press release announcing results of operations for the fourth quarter and year ended December 31, 2022.

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FRP HOLDINGS, INC. filing history →

Source: SEC EDGAR

accession 0000844059-23-000008

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